Colette Kress, Nvidia's chief financial officer, has taken over as interim CEO following Jensen Huang's immediate resignation on Thursday. Harvey C. Jones has been appointed the company's first-ever chairman as the board begins searching for a permanent successor.
Huang's departure follows reports of alleged affairs involving former Megaspeed executive Alice Huang and an unnamed Nvidia executive. He issued an apology on Sunday, acknowledging that his actions had hurt his partner and children.
Nvidia shares fell approximately 5% by Thursday afternoon. President Donald Trump defended Huang, while the FBI investigates the allegations surrounding his relationship with Alice Huang.
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