Jensen Huang resigns as Nvidia President and CEO; CFO Colette Kress becomes interim CEO
Jensen Huang is out at Nvidia — who is Colette Kress, his interim replacement?
Nvidia's board announced that co-founder and CEO Jensen Huang, who led the company for 33 years, has resigned as President, CEO and from the board, effective immediately, and that CFO Colette Kress will serve as interim CEO. According to reports, Huang stepped down after being exposed for having affairs with a person alleged to be a Chinese spy and with a person who was a direct subordinate at Nvidia; he had never previously formulated a succession plan. The company, valued at about $3.8 trillion, will be led by Kress while it searches for a permanent successor. Kress has worked at Nvidia since September 2013; previously she was SVP and CFO of the Business Technology Operations finance organization at Cisco, and she worked at Microsoft for 13 years, including 4 years as CFO of the Server and Tools division; according to Forbes, the 59-year-old Kress has a net worth of about $1.2 billion. In a statement, she said she will work with the leadership team to continue advancing accelerated computing and the AI business on the foundation laid by Huang.
The article reviews the financial and management background of Colette Kress, who has taken over as Nvidia's interim CEO, providing background on the person for understanding the company's transition period.