Jensen Huang has resigned as President and Chief Executive Officer of Nvidia. His departure ends a 33-year leadership period at the artificial intelligence chipmaker.

The company announced the leadership change on Thursday. Nvidia Chief Financial Officer Colette Kress has been appointed as interim CEO.

Kress will continue managing her finance responsibilities during the transition. Meanwhile, Nvidia’s board will search for a permanent replacement.

Huang has also stepped down from Nvidia’s board with immediate effect. His resignation follows reports about two extramarital relationships involving the 63-year-old executive. AP News+1

Reports About Two Relationships

The leadership change comes after reports raised questions about Huang’s personal relationships. One reportedly involved Alice Huang, a business executive at Singapore-based data company Megaspeed.

US intelligence officials reportedly suspect Alice Huang of having connections with Chinese intelligence services. However, these allegations have not been independently verified by the Associated Press.

The second reported relationship involved a senior Nvidia employee. The employee reportedly worked under Huang within the company.

The New York Times identified the employee as Kimberly Powell. She serves as Nvidia’s healthcare business chief, according to the report.

These revelations increased scrutiny of Huang’s position at the company. They also raised concerns about possible national security implications. AP News+1

Nvidia Appoints Colette Kress as Interim CEO

Colette Kress will temporarily take charge of Nvidia following Huang’s resignation. She currently serves as the company’s Chief Financial Officer.

Kress will retain her existing financial responsibilities while managing the company’s leadership transition. Nvidia’s board will oversee the process of selecting a permanent chief executive.

The company now faces an important leadership change. Huang had led Nvidia since its early development and played a central role in its growth.

Jensen Huang’s 33-Year Leadership Comes to an End

Jensen Huang co-founded Nvidia in 1993. Under his leadership, the company became a major supplier of chips used in artificial intelligence systems.

Nvidia’s processors are widely used in data centres and advanced computing infrastructure. The company has also become an important player in the global AI industry.

His departure marks a significant change for the technology company. Investors and industry observers will now watch how Nvidia manages the transition.

The board’s selection of a permanent CEO will be an important next step. The company must also address concerns raised by recent reports and investigations.

In other related news also read Nvidia Breaks Sales Record Amid Surging AI Demand

Nvidia’s leadership transition comes during a period of major growth in artificial intelligence. The company’s future direction will remain closely watched across the technology industry.