NVIDIA's Jensen Huang Steps Down from CEO Position and Board

NVIDIA's Jensen Huang Steps Down from CEO Position and Board

In an immediate departure, Nvidia's co-founding executive Jensen Huang has stepped down from his positions as CEO, president and member of the board. The company has appointed CFO Colette Kress to take on interim CEO responsibilities.

In a sudden move on Thursday, Jensen Huang, who co-founded Nvidia, stepped down from his positions as president, chief executive officer and member of the board of directors with immediate effect, prompting the company to appoint Chief Financial Officer Colette Kress as the interim chief executive officer.

While taking on the interim CEO role, Kress will continue to hold her position as CFO during the period in which Nvidia's board of directors evaluates both internal and external candidates to fill the permanent successor position. Additionally, the board has appointed Harvey C. Jones to serve as its first chair.

This is a developing story.