Abstract:
Nvidia CEO Jensen Huang resigned, and Colette Kress became interim CEO. As soon as the news came out, Nvidia's stock price plummeted by more than 10%. NVIDIA paid tribute to Jen-Hsun Huang: " Jen-Hsun Huang's contribution to NVIDIA is of profound significance. NVIDIA is one of the most influential technology companies in the world. The board of directors and the company are grateful to Jen-Hsun Huang for his immeasurable contributions to the company and the entire industry."
New interim CEO Kress has served as executive vice president and chief financial officer since joining Nvidia in September 2013. She played a key role in Nvidia's growth and development, the company said. Before joining NVIDIA, Kress worked in finance for nearly 25 years at leading technology companies such as Cisco and Microsoft.
Nvidia’s board of directors also appointed Harvey C. Jones as the first chairman of the board in the company’s history. Jones is an entrepreneur, technology executive and venture capitalist with more than 30 years of experience. He has served as CEO and executive chairman of Synopsys.
Jones said: "Colette has led NVIDIA through a period of rapid growth, and she has a deep understanding of our business, customers, operations and financial conditions. She will be supported by an experienced management team, which has been the backbone of implementing NVIDIA's strategy and advancing the technology roadmap. The board of directors has full confidence in Colette and the management team, and we expect that the company's operations, customer commitments and product roadmap will continue to advance without interruption."
Kress said: "NVIDIA's strength has always come from its employees. Together with the management team, I will continue to build on the solid foundation laid by Jen-Hsun Huang over the past 33 years. We will continue to advance various tasks to consolidate NVIDIA's leading position in accelerated computing and AI and seize future opportunities. Our focus remains on serving customers, partners, developers and shareholders."
The American chip company will release its third-quarter financial report on November 17.
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