Jensen Huang has resigned from his position as president and chief executive of Nvidia, the company said on Thursday, just a few days after he admitted to a romantic affair with an alleged Chinese spy, sparking a U.S. national security crisis. In a regulatory filing, Nvidia said its board accepted Huang’s resignation on Wednesday.
Nvidia said its current chief financial officer and executive vice president, Collete Kress, will take over as interim CEO until the company finds a permanent successor. Kress will continue to serve as the company’s CFO.
Nvidia’s shares were down nearly 12% in early morning trading on Thursday. Since Friday, the company’s stock has fallen by as much as 19%, resulting in a market cap loss of more than $855 billion.
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Source: TechCrunch News
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