Nvidia CFO Colette Kress Named Interim CEO After Jensen Huang's Exit

Nvidia's board appointed Colette Kress as interim CEO on Wednesday, replacing Jensen Huang, who resigned amid a scandal involving alleged affairs and a congressional summons. During a board meeting, Huang reportedly belittled Kress, calling her "a deer in the headlights" and dismissing her as a "reporting CFO" who couldn't help define strategy, according to the Wall Street Journal. Kress, the company's CFO, faces the immediate tasks of restoring investor confidence, securing suppliers, and managing Nvidia's complex financing partnerships. In her first message, Kress praised Huang as a visionary and committed to building on his 33-year legacy. She previously helped renegotiate a $250 billion guarantee for an OpenAI data-center project, cutting Nvidia's commitment in half. Huang admitted to an affair in an email to employees, and faces allegations involving two other women, including one suspected of being a Chinese spy.