NVIDIA expects uninterrupted operations as board searches for permanent CEO

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NVIDIA has named CFO Colette Kress interim CEO while the board searches for a permanent replacement for Jensen Huang, who resigned effective immediately. The board expects operations, customer commitments, and the product roadmap to continue without interruption after Jensen Huang’s immediate departure.

Here is what changed:

• Huang resigned as president, CEO, and a board member, with all three changes effective immediately.
• CFO Colette Kress became interim CEO and will continue to serve as CFO while holding the top job.
• Harvey C. Jones was appointed the board’s first-ever chair as part of the leadership changes.

One catch: Kress’s appointment is interim. The board is searching for a permanent CEO to lead NVIDIA and will consider both internal and external candidates.

Sources: nvidianews.nvidia.com