Nvidia Announces Jensen Huang’s Resignation as CEO; Finance Chief Takes Over Temporarily
Nvidia announced on November 12 that Jensen Huang had resigned as CEO, with CFO Colette Kress taking over temporarily. Huang had previously said he hoped his successor would come from within the company.
U.S. chipmaker Nvidia announced on November 12 that Jensen Huang had resigned as CEO and Chief Financial Officer Colette Kress would serve as interim CEO. About a week earlier, Huang had become embroiled in an extramarital affair scandal. Nvidia’s board met on November 11 to discuss his future at the company.
In an interview with Bloomberg in October, Huang discussed succession, saying he could be fired and the company would therefore need to appoint its next CEO. He said he hoped his successor would come from within Nvidia and believed he had a responsibility to develop a successor at the company.
Jensen Huang speaks in Berlin, Germany, on October 21.（VietVance）
Asked whether his daughter Madison Huang might succeed him, Huang said he would not place that expectation on her. If she or his son Spencer wanted the position, they would have to earn it through their own efforts. Madison Huang works in product marketing at Nvidia, while Spencer oversees products in its robotics business.
Nvidia has yet to establish a formal CEO succession plan. Its relatively flat management structure, with about 60 people reporting directly to Huang, also makes it difficult for outsiders to identify the company’s second-in-command. Before the November 12 announcement, analysts and former employees had identified Colette Kress and Ian Buck, who oversees the data center and computing business, as potential successors.
Source: VietVance
