Nvidia's board of directors has announced the resignation of Jensen Huang as president, chief executive officer and board member, effective immediately, infohub.kz reports.
The announcement of the leadership shake-up was published on Nvidia's official website. According to the document, Colette Kress, currently executive vice president and chief financial officer, has agreed to serve as interim CEO. She will continue to hold those roles alongside her interim CEO duties until a permanent successor is named.
The company added that the board has already begun the search for a permanent CEO and will consider both internal and external candidates.
"NVIDIA's strength has always been its people, and together with our leadership team, I am determined to build on the extraordinary foundation Jensen has laid over the past 33 years," Colette Kress said.
The board also appointed Harvey C. Jones as the first chairman in the company's history. Jones has been an entrepreneur, technology executive and active venture investor for more than 30 years, including serving as CEO and executive chairman of Synopsys.
"Jensen's contributions to NVIDIA are immense. NVIDIA is one of the most important technology companies in the world. The board and the company thank Jensen for his invaluable contribution to the company and the industry," the company's statement said.
Earlier, NVIDIA CEO Jensen Huang admitted to a relationship with a woman suspected of being a Chinese spy. In a letter to employees, he reportedly confessed to cheating on his wife. China's Foreign Ministry later called the reports about the Chinese spy slander. US President Donald Trump then came to Huang's defense, saying he believed the businessman did not know about his lover's possible ties to intelligence.
Today it emerged that Jensen Huang is suspected of an extramarital affair with another woman, his subordinate Kimberly Powell. Sources also said Huang could be fired over the romance with the alleged Chinese spy.