Abstract:
After Nvidia cut its ties with founder Jensen Huang, who built the company into the industry's leading chipmaker, interim CEO Colette Kress and first board chairman Harvey Jones issued a memo to employees explaining the changes:
Harvey Jones
Dear Nvidia employees,
I would like to share an important development. Jensen has resigned as CEO and as a member of the Board of Directors, and the Board has asked Colette Kress, our Chief Financial Officer, to serve as interim CEO while it selects a permanent successor from internal and external candidates. I will serve as the first Chairman of the Board.
Colette has been chief financial officer for more than 13 years and is a key architect of Nvidia's growth and capital strategy. She has a deep understanding of the business and the markets in which we operate. The Board of Directors has full confidence in Colette delivering on the commitments we have made to our shareholders, customers, partners and each of you.
Huang Renxun’s contribution to NVIDIA is profound. NVIDIA is one of the most influential technology companies in the world. We pioneered accelerated computing, defined the modern GPU, and built the platform that powers artificial intelligence.
The Board of Directors takes seriously our responsibility as guardians of this great company.
The company's strength comes from our people, leadership team, technology capabilities and ecosystem of partners. I am confident that under Colette's leadership and with the full support of the Board of Directors, we will continue to expand our business and lead the industry forward. Thank you all for your focus, your professionalism, and your commitment to NVIDIA.
Colette Kress
Dear NVIDIA people,
I have no doubts about this company and its future. Most importantly, I believe in each of you, in our customers and partners, and in the vital role we play every day in the global economy.
The Board, EStaff (executive team) and I recognize that this is an incredibly difficult time, and I want you all to know how grateful we are for your tenacity, professionalism and continued dedication. Thank you all.
The reason this company has achieved so much is because of the hard work each and every one of you puts in every day. You are our greatest strength. In the coming days, management will provide you with more information about our future together. We will also hold a company meeting on November 18th at 9 a.m. Pacific Time.
We play a vital role in building the technologies that will power the AI revolution, and there is important work ahead of us. So let's move forward together, with the same determination and commitment that have always defined this company.
Thank you for everything.
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