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BackColleen Criss...a woman facing Jensen Huang's legacy!
Colleen Criss...a woman facing Jensen Huang's legacy!
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دويتشه فيله8 minutes agoBusiness3 min readArgentinaView original

Colleen Criss...a woman facing Jensen Huang's legacy!

The repercussions of the resignation of the founder of NVIDIA against the backdrop of personal allegations and political interference

Quick Look

  • NVIDIA announced the appointment of Colette Kress as interim CEO after founder Jensen Huang resigned following allegations of personal relationships.
  • The news sent the company's shares down 10% amid uncertainty over the future of the chip and artificial intelligence giant's leadership.

AI-generated summary

Why It Matters

Jensen Huang is the co-founder of NVIDIA and has led its transformation into a $4 trillion AI giant.

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After an eventful week, the American company "Nvidia" announced the appointment of Colette Kress as interim CEO, after co-founder and CEO Jensen Huang resigned from his position, against the backdrop of allegations related to extramarital affairs, one of them with a woman alleged to be a Chinese spy, according to what the British newspaper "The Guardian" reported.

Who is Colette Chris?

Colette Chris (59 years old) has a long career path, as she assumed the position of CFO of the servers and tools sector in 2006 at the giant Microsoft company. She then worked as the sector's strategy, planning and reporting officer, according to CNBC.

In 2010, Colette Cress served as Senior Vice President and CFO of Cisco's Business Technology Finance and Operations segment. But Colette did not last long at the company, and left in 2013.

Since 2013, Colette Kress has been CFO and Executive Vice President at NVIDIA. CNN believes that Colette Kress plays an influential role within the giant chip company, where she leads the communication process with investors and speaks at conferences. Colette is very focused on how to drive innovation at NVIDIA.

Chris Collette holds a university degree in finance, in addition to a master's degree in business administration, and in recent years her name has been included on the lists of the 50 most powerful women in the business world, according to Forbes magazine.

Special style!

Chris regularly participates in the company's quarterly financial results announcement calls, and has also overseen NVIDIA's transformation from a company relatively specialized in video game chips into a giant in the field of artificial intelligence, worth trillions of dollars.

People who know her described her as having a calm and measured style, in contrast to Huang's style, which is sometimes confrontational and harsh, according to what the Guardian newspaper reported.

Although Colette Chris "does not have a strong technical background like Jensen Huang and other executives at the company." However, she was a prominent candidate to assume the position of CEO permanently, according to CNN.

Frosty relationship with Huang?

It seems that the relationship between Colette Chris and Jensen Huang was not always the same. Last summer, Jensen Huang described his colleague Colette Chris as "like a deer facing car lights." He also interrupted a presentation to her, according to the Wall Street Journal.

Jensen Huang also previously hinted that Colette Chris is "not the person who can help him make decisions." On the other hand, Chris praised Huang in his recent memo to the company’s employees, saying in this regard that it would continue to “build on the exceptional foundation that Jensen has laid over the past 33 years,” according to The Guardian.

It is noteworthy that Colette Kress is not the only candidate to assume the position of CEO of NVIDIA, as the Board of Directors announced the start of the search for a new CEO, indicating that it is studying candidates from inside and outside the company.

The American President also entered the line, expressing his desire for Tim Cook, the former CEO of the giant Apple, to assume the position of CEO of NVIDIA. Trump said on his personal account on the “Social Truth” application: “Jensen Huang, CEO of NVIDIA, who has done a wonderful job, has resigned. There is only one person who can replace him, and that is Tim Cook, the (former) president of Apple. A legend replaces a legend.”

A huge blow to the company!

Jensen Huang (63 years old) is considered the most prominent pioneer in the artificial intelligence sector, as it is believed that his departure from the giant electronic chip company will cause doubt in the company, which he helped found and which has turned into a difficult figure in the sector, with a value of about four trillion dollars.

Nvidia shares fell by 10 percent during trading that preceded the opening of the markets on Thursday. “The risk is not that Nvidia suddenly loses its technology roadmap,” said Michael Feldman, a portfolio manager at Clearbridge Investments. “The risk is in the execution. Jensen was the key leader of a very complex system.” He added: "In a world full of challenges, this coordination constitutes a competitive advantage in itself."

On the other hand, the details of the romantic relationship between Jensen and Alice Huang, a former executive at Megaspeed, are still unclear.

What to Watch

AI outlook — possibilities, not facts

  • The Board of Directors begins a formal search for a new CEO.

    Very likely · Within weeks

Open Questions

  • Who will be the permanent CEO of the company?
  • What are the precise details of the allegations against Huang?

Related Topics

This article was originally published by دويتشه فيله.

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