Jensen Huang resigns as Nvidia CEO, exits board; shares plunge 13%

Colette Kress will remain Nvidia’s chief financial officer while serving as interim CEO as the board searches for a permanent successor.

Nvidia co-founder Jensen Huang resigned as president and CEO and stepped down from the board on Thursday, effective immediately. The board named Chief Financial Officer Colette Kress interim CEO.

Kress will retain her role as CFO while Nvidia’s board considers internal and external candidates for a permanent CEO. The board also appointed Harvey C. Jones its first chair and said it expects Nvidia’s operations to proceed without interruption.

Nvidia shares fell more than 13% at the US market open on Thursday, trading at $151.00 as of 13:31 UTC, according to Yahoo Finance.

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