Colette Kress takes charge at Nvidia as Jensen Huang steps down following personal misconduct allegations

Nvidia co-founder and chief executive Jensen Huang has resigned immediately as president, CEO, and board member after 33 years leading the chipmaker. The board moved to push him out following reports detailing personal affairs, including one involving potential security risks with an alleged Chinese spy and another with a direct report. Longtime Chief Financial Officer and Executive Vice President Colette Kress has stepped in as interim CEO while retaining her CFO role during the search for a permanent successor. [2][3][4]

Kress, who joined Nvidia in September 2013, brings a quarter-century of corporate tech finance experience to the top post. Before Nvidia, she spent 13 years at Microsoft—including four years as CFO of its Server and Tools division—and served three years as senior vice president and CFO of Cisco's Business Technology and Operations Finance organization. Harvey Jones, the newly appointed chair of Nvidia's board of directors, announced that the board maintains full confidence in Kress and expects customer commitments and product roadmaps to continue uninterrupted. [2][3]