NVIDIA has named Collette Kress, its Executive VP and CFO, as its new interim CEO, succeeding co-founder Jensen Huang, who announced his resignation yesterday. Kress will continue to serve in her existing administrative roles while also overseeing the multi-trillion-dollar company until a new CEO is chosen. She has been with NVIDIA since 2013 and has an impressive résumé, including having been CFO and SVP for Cisco’s BTO Finance division and 13 years with Microsoft as CFO as well. She said (per Forbes) that she was inspired to work for NVIDIA by her sons, who endorsed the company due to its role in gaming.
“Colette has helped lead NVIDIA through a period of extraordinary growth and has a deep understanding of our business, customers, operations and financial position,”
– Harvey Jones, NVIDIA Chair of the Board
Another change at the top involves the creation of a new position. Harvey C. Jones has been appointed to NVIDIA’s first-ever Chair of the Board. NVIDIA states that Jones is a technology executive who has been an active venture investor and entrepreneur for over 30 years and has served as CFO and Executive Chairman at Synopsys.
“NVIDIA’s strength has always come from its people, and together with our leadership team, I am committed to building on the extraordinary foundation Jensen created over the last 33 years, We will continue advancing the work that has made NVIDIA a leader in accelerated computing and AI, and execute on the opportunities ahead. Our focus remains on serving our customers, partners, developers and shareholders.”
– Collette Kress, NVIDIA Executive VP, CFO, and Interim CEO
It remains to be seen what will become of Jensen Huang. His resignation followed an impromptu board meeting just as a second affair was reported involving an NVIDIA exec. However, it has now been reported that a third affair is being investigated involving yet another NVIDIA staff member. Meanwhile investigations are already underway in regard to the catalyst of these events, Alice Huang (no relation) of Megaspeed who is suspected of being a Chinese spy. Meanwhile, NVIDIA’s stock price continues to plummet amid these chaotic events and has reportedly erased over $500 billion in value since they began. The company, once valued at over $5 trillion, is now worth less than $4 trillion thanks to these events and other recent AI-related stock crashes.
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