Urgent: NVIDIA announced that Jensen Huang is stepping down as CEO and board member, and CFO Colette Kress has been named interim CEO.
NVIDIA (NASDAQ: NVDA) announced that its board of directors has accepted the resignation of Jensen Huang as president, chief executive officer (CEO) and member of the board of directors, effective immediately. Current Vice President and Chief Financial Officer (CFO) Colette Kress has agreed to serve as interim CEO while continuing in her role as CEO and CFO until a permanent successor is appointed, as the board initiates a formal CEO search considering both internal and external candidates; Meanwhile, the board appointed Synopsys' former CEO and executive chairman, Harvey C. Jones, as its first-ever board chairman.