Nvidia’s Jensen Huang resigns, chipmaker names CFO Colette Kress as interim CEO

Summary

• Jensen Huang resigned as president and chief executive of Nvidia on Wednesday after admitting to a romantic affair with an alleged Chinese spy.
• Nvidia's board accepted Huang's resignation following a filing with the Securities and Exchange Commission.
• Collete Kress, the current chief financial officer and executive vice president, will serve as interim CEO while continuing her role as financial chief.
• Nvidia's shares fell more than 11% in premarket trading on Thursday, with the company's market cap dropping over $300 billion since Friday.
• Harvey C. Jones, a managing partner of Square Wave Ventures, former CEO of Synopsys, and board member since 1993, was appointed as Nvidia's first-ever chair of the board of directors.
• The company issued a statement thanking Huang for his profound contributions to the company and the industry.