Key Takeaways
- • Nvidia's board ousted Chief Executive Officer Jensen Huang on Thursday after reports of multiple extramarital affairs, according to Bloomberg.
- • Chief Financial Officer Colette Kress was named interim chief executive, replacing Huang, the only person to have ever run Nvidia.
- • The board appointed its first Chairman, Harvey Jones, as part of the leadership change.
- • Huang oversaw a more than 700,000% surge in Nvidia's share price during his tenure.
- • Board members have varied backgrounds, from running Taco Bell's international operations to academic research involving a jellyfish.
Summary
The Nvidia Corp. board of directors met to decide the fate of Chief Executive Officer Jensen Huang ahead of his ouster on Thursday, Bloomberg reports. The executives were tasked with the decision following reports of multiple extramarital affairs involving Huang.
Huang was the only person to have ever run Nvidia and oversaw a more than 700,000% surge in the company's share price. He was replaced on an interim basis by Chief Financial Officer Colette Kress. In a separate move, the board appointed its first Chairman, Harvey Jones.
Bloomberg notes that the directors who weighed Huang's future have a range of professional backgrounds, from running Taco Bell's international operations to academic research involving a jellyfish.
Huang was the only person to have ever run Nvidia and oversaw a more than 700,000% surge in the company's share price. He was replaced on an interim basis by Chief Financial Officer Colette Kress. In a separate move, the board appointed its first Chairman, Harvey Jones.
Bloomberg notes that the directors who weighed Huang's future have a range of professional backgrounds, from running Taco Bell's international operations to academic research involving a jellyfish.
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