Colette Kress Named Nvidia Interim CEO After Jensen Huang Resigns

Nvidia's chief financial officer, Colette Kress, has been named interim chief executive of the semiconductor giant after co-founder and longtime CEO Jensen Huang resigned following a cascade of allegations involving extramarital affairs, including one with a person described as an alleged Chinese spy and two others with company employees.

The abrupt leadership change sets off a formal search for a permanent replacement at one of the world's most valuable technology companies. Kress, who has served as Nvidia's CFO, is considered a possible candidate for the permanent role, though the company has not indicated whether it will elevate her or look externally.

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Several names have already surfaced as potential full-time successors. Ian Buck, who oversees Nvidia's artificial intelligence hardware and software product lines, is among those being discussed. Rene Haas, a former Nvidia executive who currently serves as CEO of UK-based chipmaker Arm Holdings, has also been mentioned as a contender.

The resignation of Huang, who co-founded Nvidia and built it into a dominant force in AI chip design, marks a seismic moment for the company. Reports indicate Huang had been disparaged internally ahead of the final break, adding further turbulence to what insiders described as a difficult summer period for the firm's leadership.

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