From The Pioneer
Owned by The PioneerJensen Huang resigns as Nvidia CEO; CFO Colette Kress takes over as interim
What's behind this
Nvidia co‑founder Jensen Huang resigned as president and chief executive with immediate effect after a board meeting on 12 November, following mounting controversy over his personal relationships and allegations involving a Chinese businesswoman suspected of espionage. The resignation triggered a drop of nearly 11% in Nvidia’s pre‑market share price and broader investor unease. The company said executive vice‑president and chief financial officer Colette Kress will serve as interim CEO while retaining her finance role, and the board will seek both internal and external candidates for a permanent replacement.
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Jensen Huang resigned as president, chief executive and a member of the board of Nvidia with immediate effect on Thursday, ending 33 years at the chipmaker he co-founded, the board said. Colette Kress, the company's executive vice president and chief financial officer, will serve as interim CEO…