8/102 sources · 2 publishersUpdated Nov 13, 02:19 UTC
Nvidia names CFO Colette Kress as interim CEO after Jensen Huang steps down
Nvidia's board appointed long‑time CFO Colette Kress as interim chief executive following the abrupt resignation of co‑founder Jensen Huang amid scandal. Kress, 59, has been with the company since 2013 and holds roughly $750 million in Nvidia shares. The leadership change triggered a 4.3% drop in Nvidia’s stock on the day of the announcement.
Why it matters
The share decline reflects investor concern over the sudden leadership transition and may increase short‑term volatility for NVDA holders. The appointment also signals a shift toward a more finance‑focused interim management style.
Key facts
- 1Nvidia appointed Colette Kress as interim CEO after Jensen Huang resigned. foxbusiness.com
- 2Kress has been Nvidia’s CFO and executive vice president since joining in 2013. foxbusiness.com
- 3Kress’s Nvidia share holdings were valued at roughly $750 million at the time of the appointment. foxbusiness.com
- 4Kress’s net worth was estimated at $1.2 billion, placing her among the richest self‑made women in the U.S. foxbusiness.com
- 5Nvidia shares fell 4.3% after the announcement, closing down after an intraday slump of 14%. investing.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.