From Deccan Chronicle
Owned by Deccan Chronicle HoldingsJensen Huang Resigns As CEO of Nvidia, Colette Kress Named Interim CEO
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Nvidia co‑founder Jensen Huang has resigned as president, chief executive officer and board member with immediate effect, the board announced on Thursday, November 12. The 63‑year‑old, who is married, stepped down amid reports of an affair with a Chinese businesswoman suspected by U.S. authorities of spying for Beijing, a controversy also referred to as the ‘Alice Huang’ affair. Chief financial officer Colette Kress will serve as interim CEO while the company searches for a permanent replacement. The resignation deepens a crisis for Nvidia, which had no clear succession plan for Huang.
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Huang’s resignation deepens a crisis partly of Nvidia’s own making, given that there has been no clear succession plan for the 63-year-old who has been the company’s only CEO