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Owned by YourStory MediaJensen Huang resigns after 33 years at Nvidia
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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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Nvidia has appointed chief financial officer Colette Kress as interim chief executive officer. The board will consider internal and external candidates for a permanent successor.