Jensen Huang Abruptly Resigns... Nvidia CFO Becomes Interim CEO

【Financial News, New York — Correspondent Lee Byeong-cheol】  Nvidia CEO Jensen Huang was abruptly ousted on the 12th (local time). Nvidia shares plunged 10% in premarket trading on the New York stock market shortly after the announcement of Huang's departure.
Nvidia announced that Huang would step down immediately as president and CEO. He is leaving the helm 33 years after co-founding the company in 1993.
Chief Financial Officer (CFO) Colette Kress will serve as interim CEO until a successor is appointed. Nvidia plans to search for a permanent successor.
Harvey C. Jones, who had served as a director for many years, was appointed chairman of the board. This is the first time Nvidia has created a separate board chair position and appointed someone to it.
Huang had faced pressure to resign after admitting to an extramarital relationship with a woman suspected of having ties to Chinese intelligence agencies and then facing allegations that he had also had an inappropriate relationship with a female executive at the company.
Nvidia's board is said to have discussed the previous day whether to remove Huang as CEO. The Wall Street Journal (WSJ) had reported that the board was preparing to dismiss him.
Huang's abrupt resignation is expected to deepen the leadership vacuum at Nvidia and increase uncertainty in the AI semiconductor market.




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