Nvidia puts CFO Colette Kress in charge
By the AFREEQUE newsroom, based on SABC News and L'Information
Nvidia temporarily places CFO Colette Kress in charge after Jensen Huang’s departure. The company also appoints Harvey Jones, former head of Synopsys and a Nvidia board member, as the first chairman of its board, according to SABC News.
Jensen Huang leaves his positions as Nvidia’s chief executive officer and chairman and his seat on the company’s board with immediate effect. A co-founder of the company, which he had led for 33 years, he held about 3.61% of its capital and was its fourth-largest shareholder, according to SABC News.
The departure comes four days after Huang admitted to infidelity, amid a suspected Chinese espionage case. The board announced his resignation without explaining the reason, while Reuters and Le Monde reported that directors had actually removed him from his positions after the disclosure of a second affair with a subordinate.
Colette Kress takes over Nvidia on an interim basis as the group searches for a permanent successor. Harvey Jones, former chief executive of Synopsys and a Nvidia board member, meanwhile becomes the first chairman of the board.
US House Speaker Mike Johnson also said that a growing consensus was forming in Congress in favour of limiting semiconductor exports to China, saying recent developments surrounding Nvidia strengthened this position.
