Colette Kress appointed Nvidia's new interim CEO
Nvidia's board of directors has appointed Chief Financial Officer Colette Kress as the company's interim CEO. At the same time, the chipmaker has named Harvey Jones as its first separate chairman of the board in the company's history.
According to a press release, Kress took over as Nvidia's CEO on November 12 following the resignation of company founder Jensen Huang. She will retain her responsibilities as executive vice president and chief financial officer until a permanent CEO is appointed.
The board has already begun searching for a new CEO, considering both internal and external candidates. The company aims to maintain its current strategy and ensure operational continuity during the leadership transition.
Who is Colette Kress and how will Nvidia's leadership change?
Kress joined Nvidia in September 2013 and has led its finance division ever since. During her tenure, the company became one of the world's largest providers of computing solutions for artificial intelligence.
Before joining Nvidia, she spent nearly 25 years in financial roles at technology companies, including Cisco and Microsoft.
New board chairman Harvey Jones has more than 30 years of experience in the technology industry and venture capital. He previously served as CEO and executive chairman of Synopsys.
"Colette has helped guide Nvidia through a period of extraordinary growth and has a deep understanding of our business, customers, operations and financial position," Jones said.
He emphasized that the leadership team intends to continue fulfilling commitments to customers and executing the company's technology plans without disruption.
Kress said she intends to build on the business foundation established by Huang and continue advancing accelerated computing and artificial intelligence.
Nvidia employees call for Jensen Huang's return
Despite the appointment of a new leader, some Nvidia employees have urged the board to reconsider Huang's departure.
According to WIRED, an internal message posted by one of the company's engineers received more than 1,600 comments. Most participants in the discussion supported the Nvidia founder's return.
"If you believe in our mission, bring back the BOSS," one employee wrote.
Other employees demanded greater transparency regarding the circumstances of the resignation. Some argued that Huang's longstanding contributions to Nvidia deserved a second chance despite the scandal surrounding his personal life.
Amid the leadership changes, Nvidia investors are reassessing their positions following a decline in the chipmaker's shares. CNBC host Jim Cramer urged shareholders to pay particular attention to capital preservation despite his confidence in the company's business prospects.
Cramer believes the sudden leadership change increases uncertainty for shareholders. However, he remains positive about the capabilities of Nvidia's interim management team.
Earlier, we reported that Nvidia faced pressure to expand financial guarantees for artificial intelligence projects.
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