Nvidia appoints Colette Kress as interim CEO

The Nvidia board announced on Thursday that it has appointed long-serving CFO Colette Kress as interim CEO, succeeding co-founder Jensen Huang, who resigned over an extramarital affair scandal. According to The New York Times, Alice Huang, who had an extramarital affair with Jensen Huang, is suspected by U.S. officials of being an intelligence officer of China's Ministry of State Security; the newspaper also reported that U.S. authorities are investigating whether a company associated with Alice Huang helped Chinese companies circumvent chip export controls; the Nvidia board announced on Sunday that it had launched an independent investigation into Jensen Huang. Kress joined Nvidia in 2013 and previously worked in finance at Microsoft, Cisco, and Texas Instruments for more than twenty years; analysts believe she is familiar with the company's finances and has credibility on Wall Street, making her a reasonable choice to succeed him. The report also mentioned that other potential successors include CUDA creator Ian Buck and Jeff Fisher of the GeForce division, but a former executive said she lacks Jensen Huang's engineering technical expertise.