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NVIDIA announced that Jensen Huang has resigned as President, CEO and board member, effective immediately. The board named Executive Vice President and CFO Colette Kress as Interim CEO while it searches for a permanent replacement, and appointed Harvey C. Jones, former Synopsys CEO, as the company's first-ever Board Chair.
Nvidia's board accepted Jensen Huang's resignation as CEO, president and board member effective immediately, following reports of two extramarital affairs — one involving an alleged Chinese spy and another with an Nvidia executive who reported to him. CFO Colette Kress, who joined Nvidia in 2013, was named interim CEO, and former Synopsys CEO Harvey C. Jones was appointed as the company's first-ever board chair. Nvidia says it is searching for a permanent CEO, considering both internal and external candidates.