Nvidia CEO and co-founder Jensen Huang has resigned, the company’s board of directors said on Thursday, ending a weekslong saga that revealed the executive engaged in several affairs — including one with an alleged Chinese spy — and brought the company’s stock price to eight-month lows over national security concerns.
\n\nColette Kress, Nvidia’s chief financial officer, will serve as both interim CEO as the board searches for a permanent replacement. She will remain the company’s CFO during the search, which will include internal and external candidates.
\n\nThe board of directors also named tech executive Harvey C. Jones, a former CEO of the software company Synopsys and a Nvidia board member since 1993, its first chair of the board.
\n\n“Colette has helped lead Nvidia through a period of extraordinary growth and has a deep understanding of our business, customers, operations and financial position,” Jones said in a statement. “She is supported by an experienced leadership team that has been instrumental in executing Nvidia’s strategy and advancing its technology roadmap. The Board has full confidence in Colette and the leadership team, and we expect the company’s operations, customer commitments and product roadmap to continue without interruption.”
\n\nNvidia’s stock was down 11% in…
Original source: https://variety.com/