Jensen Huang resigns as Nvidia names interim CEO

Nvidia co-founder Jensen Huang has resigned as president, chief executive officer and board member, effective immediately, according to the company’s announcement. His departure ends his tenure in the leadership role he has held since 1993.

The resignation follows Nvidia’s announcement on Sunday of an independent board investigation into reports alleging Huang had a relationship with a woman believed by the U.S. intelligence community to be an agent of the Chinese state. A separate allegation claims he had an inappropriate relationship with a direct report. These remain allegations, with no investigation findings disclosed.

The board has appointed vice president and chief financial officer Colette Kress as interim CEO while it searches for a permanent replacement. Nvidia is considering both internal and external candidates. Kress will manage the company during the transition, and no permanent successor has been named.