Nvidia CEO Jensen Huang Resigns Amid National Security Concerns; Colette Kress Appointed Interim CEO
Nvidia has announced the resignation of President and CEO Jensen Huang following a national security crisis involving allegations of an affair with an alleged Chinese spy. The company's board accepted the resignation on Wednesday, appointing current CFO and Executive Vice President Colette Kress as interim CEO while maintaining her role as financial chief. The news has triggered significant market volatility, with Nvidia shares dropping over 11% in premarket trading. This follows a period of sharp decline that has erased more than $300 billion from the company's market capitalization. To stabilize leadership, the board appointed long-time director Harvey C. Jones as the company's first chair of the board.
Topics: CEO Resignation National Security Nvidia Stock Market Volatility
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Part of the story Nvidia CEO Jensen Huang Resigns Amid Personal Scandal and National Security Concerns (10 articles)