Jensen Huang has resigned as CEO of Nvidia, the company he founded 33 years ago and transformed into one of the world’s leading manufacturers of artificial intelligence chips, CNBC reports. According to the same report, Chief Financial Officer Colette Kress has been appointed interim CEO.
The news comes after an independent investigation was launched and media reports raised questions about Huang’s private conduct, the company’s management and potential security risks.
Board launches independent investigation
On November 8, Nvidia officially announced that it was launching an independent investigation into media reports alleging that Huang had been targeted in a foreign intelligence operation.
At the time, the company stressed that its board had no reason to believe that US national security or Nvidia’s trade secrets had been compromised. The investigation is being overseen by a committee of independent directors, with assistance from external legal advisers. Huang supported the review and pledged his full cooperation.
Allegations of a possible intelligence operation remain the subject of an investigation and do not constitute an established finding that company data was compromised.
Huang apologizes to his family and employees
In a message to employees published on Nvidia’s official website on November 8, Jensen Huang admitted to marital infidelity and apologized to his wife, children and colleagues.
He said he was taking responsibility for his actions and the consequences they had caused. In the same message, he expressed support for the board’s independent investigation and reaffirmed his commitment to protecting the company and US national security.
Who is Colette Kress?
Colette Kress joined Nvidia in 2013 after working at major technology companies, including Microsoft, Cisco and Texas Instruments.
Even before reports of her appointment emerged, analysts had identified her as a possible candidate to lead the company on an interim basis, citing her extensive experience and regular communication with investors during financial results presentations.
According to CNBC, she will temporarily take over as CEO following Huang’s departure.
A change with implications for the entire AI industry
Huang founded Nvidia in 1993 and has led the company ever since. Under his leadership, the graphics processor manufacturer became one of the central suppliers of technology used to develop artificial intelligence.
Given his longstanding role in product development, business strategy and relationships with partners, the question of his successor is significant for the wider technology sector as well.
According to the CNBC report provided, Nvidia is simultaneously a supplier, investor and business partner to a large number of companies developing artificial intelligence infrastructure. Investors will therefore be closely watching the management’s next decisions and any announcements concerning the company’s future leadership.
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Source: Blic Biznis, Foto: Linkedin
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