Jensen Huang steps down as Nvidia CEO following allegations of misconduct

Nvidia's board has accepted the resignation of co-founder, president, and CEO Jensen Huang, effective immediately. The departure follows reports detailing two extramarital affairs involving Huang: one with an individual alleged to be a Chinese spy, and another with an Nvidia executive who reported directly to him. Following the late Wednesday night board meeting, the company named current CFO Colette Kress as the interim CEO. Kress brings experience to the role, having been with Nvidia since 2013, with prior tenures at Microsoft and Cisco. In addition to the leadership change, Nvidia is implementing a corporate restructuring plan during this transition. The company has appointed Harvey C. Jones, the former CEO of Synopsys, to a new leadership role.