NVIDIA has just ended its partnership with CEO Jensen Huang. The figure who transformed NVIDIA into a globally dominant chip manufacturer has departed due to an extramarital scandal.

NVIDIA's Senior Chief Financial Officer Colette Kress will serve as interim CEO. She will temporarily oversee NVIDIA while the search for Jensen Huang's successor is underway.

The company has also appointed its first-ever chairperson, with board member Harvey Jones taking on the role. The 73-year-old Jones previously led chip design software manufacturer Synopsys Inc.

Below is the internal memo sent by Jones and Kress to employees explaining this personnel change.

Harvey Jones

To all NVIDIA employees:

I am writing to inform everyone of an important announcement.

Jensen Huang has resigned as CEO and member of the board. The board has requested our Chief Financial Officer Colette Kress to serve as interim CEO while initiating a formal search for a successor, considering both internal and external candidates. I will serve as the first chairperson of the board in the company's history.

During her more than 13 years as Chief Financial Officer, Colette has been a key architect of NVIDIA’s growth and capital strategy. She has a deep understanding of the company's business and the market we are in.

The board has full confidence in Colette and believes she can deliver on our commitments to shareholders, customers, partners, and every employee.

Jensen Huang's contributions to NVIDIA are profound.

NVIDIA is one of the most influential technology companies in the world. We pioneered accelerated computing, defined modern GPUs, and built platforms that drive artificial intelligence development.

The board takes its responsibility as stewards of this great company very seriously. The strength of this company comes from our employees, leadership team, technical prowess, and partner ecosystem.

I believe that under Colette's leadership, and with the full support of the board, we will continue to grow the business and lead the industry forward.

Thank you all for your focus, professionalism, and continued commitment to NVIDIA.

Harvey Jones

Chairperson of the NVIDIA Board

Colette Kress

To all NVIDIA employees:

I have unwavering confidence in this company and its future. Most importantly, I believe in each one of you, in our customers and partners, and in the vital role we play in the global economy every day.

The board, the executive management team, and I are well aware that the past period has been exceptionally challenging. I want you to know how grateful we are for the resilience, professionalism, and commitment you have all shown.

Thank you all.

The achievements the company has made are a result of the efforts you put in every day. You are our most valuable asset.

In the coming days, management will further introduce our shared future. We will also hold an all-hands meeting on November 18 at 9 AM Pacific Time.

We play a crucial role in building the technology that drives the AI revolution, and there is much important work ahead of us.

So, let us move forward together with the same determination and commitment. These qualities have always been core characteristics of this company.

Thank you for everything you do.

Colette

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