Nvidia appoints colette kress as interim CEO following jensen huang's departure

Nvidia's board confirmed the immediate resignation of co-founder and CEO Jensen Huang. The departure follows reports alleging Huang was involved in affairs with both an alleged Chinese spy and a direct report at the company. While the firm searches for a permanent successor, CFO and Executive Vice President Colette Kress has assumed the role of interim CEO. Kress, 59, has been with Nvidia since September 2013. Her background includes time at Microsoft, where she served four years as CFO of the Server and Tools division, and three years as SVP and CFO at Cisco’s Business Technology Operations Finance organization. She holds an MBA from Southern Methodist University and a finance degree from the University of Arizona. In a statement, Kress affirmed her commitment to the company's trajectory, stating that she intends to build upon the foundation Jensen Huang established over 33 years. Nvidia is scheduled to release its quarterly earnings on Tuesday, where Kress is expected to elaborate on the company's near-term strategy.