The departure of Jensen Huang from Nvidia was announced by the company.
Specifically, Jensen Huang resigned from the positions of President and Chief Executive Officer, as well as from his seat on the Board of Directors, effective immediately.
The Chief Financial Officer of the company, Colette Kress, will assume the role of interim Chief Executive Officer while retaining her financial duties.
The Board of Directors will search for a permanent successor, evaluating both internal and external candidates. Simultaneously, it appointed Harvey C. Jones as the first Chairman of the Board in the company's history.
Kress stated that Nvidia will continue its work in accelerated computing and artificial intelligence, maintaining its focus on customers, partners, developers, and shareholders.
"We will continue to advance the work that has made Nvidia a leader in accelerated computing and artificial intelligence and to capture the opportunities ahead. We remain committed to serving our customers, partners, developers, and shareholders," the company stated.
At the same time, it recognized the decisive contribution of Huang to the trajectory of Nvidia, characterizing it as "profound" and thanking him for his "invaluable contributions to the company and the industry."
Following the announcement of the leadership changes, losses in Nvidia shares widened to 10% in pre-market trading in New York.
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