Nvidia founder Jensen Huang resigns as CEO following affair allegations
Colette Kress will serve as interim chief executive after the company's founder stepped down immediately.
Nvidia founder Jensen Huang resigned as President, CEO, and a member of the Board effective immediately on Thursday, according to a statement from the company. The resignation follows reports of two extramarital affairs, including one with a company associate.
The company announced that Colette Kress, the current Executive Vice President and Chief Financial Officer, has agreed to serve as Interim CEO. The Nvidia board of directors is now initiating a search for a permanent successor and will consider both internal and external candidates.
The Times of India reported that the resignation occurred after a second affair with Kimberly Powell, Nvidia's vice-president of healthcare, surfaced in the media. Powell is a senior executive who reports directly to Huang.
The first reported affair involved Alice Huang, an executive at the Singapore-based data company Megaspeed and a major Nvidia customer. US intelligence officials reportedly identified Alice Huang as an alleged Chinese intelligence asset.
In a letter to staff on Sunday, Jensen Huang acknowledged being unfaithful to his wife and apologised for violating their trust. The company's board had previously initiated an investigation into the matter, led by the law firm Wachtell, Lipton, Rosen & Katz.
Following the resignation, President Trump posted on Truth Social that Tim Cook of Apple is the only man to take Huang's place.