New York:Nvidia announced the unexpected resignation of its founder and CEO, Jensen Huang, from his position and from the board of directors, effective Thursday. This surprise move caused the company's stock to fall by 11% in early trading on Wall Street.
According to Maan News Agency, the resignation follows a spying scandal involving suspected leaks of information and trade secrets that has stirred controversy around the company.
The Israeli newspaper Walla reported that the company's board of directors has appointed Colt Criss, the financial director and executive vice president, as interim CEO. Criss will continue her financial duties while managing the company until a permanent CEO is selected. The board has also begun the search for a new chief executive, considering both internal and external candidates, and has appointed Harvey C. Jones as chairman of the board, marking the first time this position has been held in the company's history.
Criss joined Nvidia in 2013 and has led the company's finance department. She previously held finance and management roles at major technology companies, including Cisco and Microsoft. She expressed her commitment to building on the foundations laid by Huang over the past 33 years and to further strengthening Nvidia's position in accelerated computing and artificial intelligence.
Nvidia has indicated that it will announce its financial results for the third quarter of fiscal year 2027 next Tuesday, November 17, as previously scheduled.