From Inc42
Owned by Inc42 MediaJensen Huang Resigns As CEO Of Chipmaker NVIDIA
What's behind this
Nvidia’s shares fell about 13 % at the open after co‑founder Jensen Huang resigned as president, chief executive and board member with immediate effect. The board said Huang’s departure came amid a second affair allegation and a national‑security controversy involving a Chinese businesswoman, prompting a Chinese espionage controversy. CFO Colette Kress, who has been executive vice‑president and chief financial officer since September 2013, was named interim CEO while the board searches for a permanent replacement, considering both internal and external candidates. The stock decline has erased roughly $800 billion in market value this week.
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Jensen Huang has reportedly resigned as the chief executive officer (CEO) of chipmaker NVIDIA. This brings the curtains down on Huang’s…