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Who Is Colette Kress, the Interim Nvidia CEO Replacing Jensen Huang?
The New York Times • • business
Key Points:
- Nvidia's CFO Colette Kress has been appointed interim CEO following the resignation of longtime leader Jensen Huang, who admitted to an extramarital affair with a businesswoman suspected by U.S. intelligence to be a Chinese spy.
- The Nvidia board expressed full confidence in Kress and the leadership team, assuring that company operations, customer commitments, and product development will continue without disruption.
- Kress, who joined Nvidia in 2013, will maintain her CFO role while serving as interim CEO until a permanent successor is found, with the board actively searching for candidates both internally and externally.
- Under Huang's leadership, Nvidia transformed from a niche chipmaker to a dominant player in the AI industry, controlling about 90% of the market for chips used in major AI projects.
- Kress faces the challenge of leading a company historically centralized around Huang’s leadership style, as Nvidia navigates this unexpected transition.
