Reuters reported that Jensen Huang had an intimate relationship with another Nvidia employee, a third extramarital relationship, after he resigned as CEO and director.
Reuters reported on November 12 that Jensen Huang had an intimate relationship with another Nvidia employee, a third extramarital relationship attributed to the former CEO. The news agency did not name the woman or describe her role at Nvidia, and said its attempts to reach her were unsuccessful.
Nvidia announced on Thursday morning that Huang had resigned as president, CEO and director, effective immediately. Chief Financial Officer Colette Kress will serve as interim CEO while keeping her finance role, and longtime director Harvey C. Jones becomes the board's first-ever chair. The board said it would consider internal and external candidates for the permanent post.
The third relationship emerged after earlier reports involving Alice Huang, a former executive at Singapore-based Megaspeed International, and Kimberly Powell, Nvidia's vice president of healthcare. U.S. intelligence officials suspect Alice Huang of having connections to Chinese intelligence, though the espionage allegations remain unproven. Beijing has called the spy allegation "nothing but smears against China."
Huang has been called to testify before U.S. congressional committees over allegations of an affair with Alice Huang and concerns that she may have used the relationship to gather intelligence and smuggle chips to China. House Foreign Affairs Committee Chair Brian Mast told reporters on Thursday that Huang had agreed to appear, and that lawmakers were working on an appropriate time for this.
Nvidia shares plunged 14 percent at the opening bell, quickly recovered half that loss, and closed down 4.3 percent. The stock's slide had already erased 27 percent of its value from an October record through Wednesday. The company also faces a shareholder class action alleging that it and Jensen Huang inflated the share price by failing to disclose the affair.
The resignation of Nvidia's founder after 33 years, combined with congressional testimony and national security investigations, marks a major leadership and governance shift for one of the largest companies in the AI economy.
Sources
This article was drafted with AI assistance and checked against the sources above. Company claims are reported as claims. Cover image is AI-generated.
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