Jensen Huang resigns as CEO and Director of Nvidia; Colette Kress appointed as interim CEO

NVIDIA (NVDA.US) announced today that Jensen Huang has resigned from his positions as President, Chief Executive Officer, and member of the Board of Directors effective immediately. Colette Kress has been appointed as Interim Chief Executive Officer and will continue to serve concurrently as Executive Vice President and Chief Financial Officer. Harvey C. Jones has been appointed as the company’s first Chairman of the Board. The Board has initiated the search for a permanent Chief Executive Officer and will consider both internal and external candidates. Following the announcement, NVIDIA (NVDA.US) shares plunged 11% in pre-market trading.