Jensen Huang has resigned as President, Chief Executive Officer, and board member of Nvidia, effective immediately, following disclosures regarding his personal conduct and subsequent board deliberations. The leadership change comes after reports emerged detailing an affair with an alleged Chinese spy, Alice Huang, which drew investigations from both Nvidia and the FBI, alongside a separate relationship with a company executive.
The developments prompted a swift response from Nvidia's leadership. Following a board meeting, the company announced that Colette Kress, the current Executive Vice President and Chief Financial Officer, will step in as interim chief executive while maintaining her existing financial duties. Earlier in the week, Huang publicly acknowledged being unfaithful to his wife and issued an apology to his family.
The sudden transition at the helm of the world's second most valuable company sent ripples through financial markets, with Nvidia shares dropping 10% in pre-market trading amid broader reactions across the tech sector. Nvidia's board has not yet detailed further long-term succession plans as the company navigates the fallout from the executive scandal.
