Jensen Huang Out as NVIDIA CEO

<p>NVIDIA founder Jensen Huang has resigned Monday as President&comma; Chief Executive Officer&comma; and a member of the Board of Directors of the company&period; Huang admitted to having an affair with a woman who might be a Chinese spy as well as affairs with one or more NVIDIA employees&period;<&sol;p>&NewLine;<p>Colette Kress&comma; current Executive Vice President and Chief Financial Officer of NVIDIA&comma; will step in as Interim Chief Executive Officer&period; Kress will continue to serve as Executive Vice President and Chief Financial Officer while serving as Interim Chief Executive Officer until a permanent successor has been named&period; The Board is initiating a search for a permanent Chief Executive Officer and will consider internal and external candidates&period;<&sol;p>&NewLine;<p>Kress has served as Executive Vice President and Chief Financial Officer of NVIDIA since joining the company in September 2013&period; During her tenure&comma; she has led the company’s finance organization and has played a key role in NVIDIA’s growth and evolution&period; Prior to joining NVIDIA&comma; Kress spent nearly 25 years in finance roles at leading technology companies&comma; including Cisco and Microsoft&period;<&sol;p>&NewLine;<p>The Board of Directors also appointed Harvey C&period; Jones as its first-ever Chair of the Board&period;  Mr&period; Jones has been an entrepreneur&comma; technology executive&comma; and active venture investor for over 30 years&comma; including serving as Chief Executive Officer and Executive Chairman of Synopsys&period;<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;Colette has helped lead NVIDIA through a period of extraordinary growth and has a deep understanding of our business&comma; customers&comma; operations and financial position&comma;” said Harvey Jones&comma; Chair of the NVIDIA Board of Directors&period; &OpenCurlyDoubleQuote;She is supported by an experienced leadership team that has been instrumental in executing NVIDIA’s strategy and advancing its technology roadmap&period; The Board has full confidence in Colette and the leadership team&comma; and we expect the company’s operations&comma; customer commitments and product roadmap to continue without interruption&period;”<&sol;p>&NewLine;<p>&OpenCurlyDoubleQuote;NVIDIA’s strength has always come from its people&comma; and together with our leadership team&comma; I am committed to building on the extraordinary foundation Jensen created over the last 33 years&comma;” said Colette Kress&comma; Interim CEO and CFO&comma; NVIDIA&period; &OpenCurlyDoubleQuote;We will continue advancing the work that has made NVIDIA a leader in accelerated computing and AI&comma; and execute on the opportunities ahead&period; Our focus remains on serving our customers&comma; partners&comma; developers and shareholders&period;”<&sol;p>&NewLine;