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Who is Colette Kress, Nvidia's interim CEO after Huang steps down
CNBC • • business
Key Points:
- Nvidia CFO Colette Kress, a 13-year veteran of the company, has been appointed interim CEO following Jensen Huang's sudden resignation amid personal scandals.
- Kress is highly respected internally and regarded as more than just a CFO, with significant involvement in strategic decisions and company operations alongside Huang.
- Nvidia has not announced a permanent succession plan, with the board considering both internal and external candidates; analysts predict the permanent CEO will likely be an external hire.
- The company faces challenges as Nvidia shares dropped 14% after the announcement, marking a sixth consecutive weekly decline amid broader AI sector uncertainties.
- Huang's resignation followed revelations of multiple affairs, including one with a Chinese businesswoman suspected of espionage, intensifying pressure on the company’s leadership.
