Nvidia has replaced its CEO: Jensen Huang has resigned after new revelations in the media.
American technology giant Nvidia has officially announced the resignation of its CEO Jensen Huang. Senior Vice President and Chief Financial Officer Colette Kress was named acting chairman of the company, and Harvey Jones became the first-ever chairman of the board.
Personnel changes were preceded by an emergency meeting of the board of directors, which convened against the background of falling company shares and a new round of a well-publicized corporate scandal. The reason was the New York Times publication on November 11, in which five former and current Nvidia employees reported that Huang had an extramarital affair with his direct report, Vice President of Healthcare Kimberly Powell. Like Huang himself, Powell, who started her career at the company in a private role in 2008, is married.
Nvidia's corporate code strictly prohibits personal relationships that could create a conflict of interest, and this policy applies to all employees without exception. It is worth noting that after the first similar scandal surrounding Huang's relationship with his namesake Alice Huang, the board expressed confidence in the top manager, but new revelations forced management to reconsider its position and led to his resignation.
Alpha news subscription.
VK Zen Website TikTok Facebook Instagram YouTube X.