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Nvidia CEO Jensen Huang resigns amid board investigation

Nvidia CEO Jensen Huang resigns amid board investigation
— Photo: Anadolu Agency

Jensen Huang has resigned as Nvidia’s president, CEO and board member, effective immediately. CFO Colette Kress will serve as interim CEO while the board considers candidates for a permanent successor.

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Jensen Huang has resigned as president, chief executive officer and a member of the board of “Nvidia”, effective immediately, the company announced Thursday, according to Anadolu Agency.

The resignation comes amid an independent investigation into reports that Huang was targeted by a foreign intelligence operation. The company did not give a reason for his departure.

“Nvidia” appointed Chief Financial Officer Colette Kress as interim CEO. She will retain her existing responsibilities as the board considers internal and external candidates for a permanent successor.

The chipmaker also named Harvey C. Jones, a former chief executive of “Synopsys”, as its first board chair. Jones said he was confident in Kress and the leadership team, adding that operations, customer commitments and the company’s product roadmap would continue without disruption.

Kress, who joined “Nvidia” in 2013, said she would build on the foundation Huang had established over 33 years. The company thanked Huang for his contributions.

The board announced the independent investigation on Nov. 8. At the time, directors expressed confidence in Huang and said they had no reason to believe US national security or company secrets had been compromised.

Huang acknowledged in a message to employees that day that he had been unfaithful to his wife and pledged to cooperate with the inquiry.

On Tuesday, independent directors retained former acting US Attorney Joon H. Kim and the law firm “Wachtell, Lipton, Rosen & Katz” to conduct the investigation.

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