NVIDIA has just officially announced that its President and Chief Executive Officer Jensen Huang has resigned from the company, effective immediately.
In his place, Chief Financial Officer Colette Kress will take his place as interim CEO until a permanent successor is found.
NVIDIA CEO Jensen Huang – Resigns
The resignation comes after mounting pressure on Huang following the announcement of his affair with a Chinese businesswoman. The NVIDIA board met this week to consider his ouster.
Huang was the company’s co-founder and its fourth-largest investor with a stake of around 3.61%. He also led the company from chasing top-tier graphics to the current leader in the AI boom. It was announced that he will not remain on the board.
Meanwhile, Kress, in an announcement, assured its shareholders that the company will continue its work to be a leader in computing and AI.
“We will continue advancing the work that has made NVIDIA a leader in accelerated computing and AI, and execute on the opportunities ahead. Our focus remains on serving our customers, partners, developers and shareholders,” she said.
She added that she is committed to building on the foundation that Huang created over the years. “NVIDIA’s strength has always come from its people, and together with our leadership team, I am committed to building on the extraordinary foundation Jensen created over the last 33 years,” she added.
Ram Ronquillo
Ram found his love and appreciation for writing in 2015 having started in the gaming and esports sphere for GG Network. He would then transition to focus more on the world of tech which has also began his journey into learning more about this world. That said though, he still has the mentality of "as long as it works" for his personal gadgets.
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