Nvidia co-founder Jensen Huang has resigned as president, CEO, and board member.
The resignation follows reports from The New York Times alleging extramarital affairs involving a suspected Chinese spy and two employees.
Huang has been summoned to testify before US Congress regarding the alleged relationship with a woman suspected of being a Chinese spy, a claim China has denied.
Nvidia said it has “no reason to believe that either national security or Nvidia secrets were compromised,” but the company is investigating the affair. The FBI is also undertaking its own investigation.
Colette Kress, current EVP and CFO, will serve as interim CEO until a permanent successor is appointed.
Kress has held both roles since joining Nvidia in 2013. Previously, she spent nearly 25 years in senior financial positions at companies such as Cisco and Microsoft.
Nvidia has also appointed technology entrepreneur Harvey C. Jones as Chair of the Board. Jones previously served as CEO and executive chairman of Synopsys.
“Colette has helped Nvidia through a period of extraordinary growth and has a deep understanding of our business, customers, operations, and financial position,” said Jones.
“She is supported by an experienced leadership team that has been instrumental in executing Nvidia’s strategy and advancing its technology roadmap.”
“The Board has full confidence in Colette and the leadership team, and we expect the company’s operations, customer commitments and product roadmap to continue without interruption.”
Kress added: “Nvidia’s strength has always come from its people, and together with our leadership team, I am committed to building on the extraordinary foundation that Jensen created over the last 33 years.”
“We will continue advancing the work that has made Nvidia a leader in accelerated computing and AI, and execute on the opportunities ahead. Our focus remains on serving our customers, partners, developers, and shareholders.”