Nvidia CEO Jensen Huang resigns

In the statement made by Nvidia, it was stated that Huang resigned from his duties as president, senior manager and board member with immediate effect.

The statement stated that Nvidia's vice president and chief financial officer, Colette Kress, has agreed to serve as interim CEO.

It was stated in the statement that Kress, who has been working at the company since September 2013, will continue his duties as interim CEO as well as vice president and finance director until a permanent successor is determined, and that the Board of Directors has initiated a search process to determine a permanent CEO and will evaluate candidates from within and outside the company.

The statement also reported that Harvey Jones, a member of the company's board of directors, was appointed as the company's first chairman of the board.

In the company's statement, "Jensen's contributions to Nvidia are enormous. Nvidia is one of the most important technology companies in the world. The Board of Directors and the company thank Jensen for his invaluable contributions to the company and the industry." The expression was used.

Nvidia shares fell more than 12 percent in premarket trading following the announcement of Huang's resignation.

Process leading to resignation

Nvidia Board of Directors announced in a statement on November 8 that an independent investigation was launched following the news that Huang was the target of foreign intelligence activity.

The investigation was launched after reports that Huang had a close relationship with a Chinese businessman who allegedly passed information to the Beijing administration.

In the news published in The New York Times, it was claimed that Alice Huang, the former manager of Megaspeed, who was stated to have a close relationship with Huang, was operating on behalf of Chinese intelligence and passing information to the Beijing administration.

Nvidia CEO Jensen Huang stated in his message to his employees that he was not faithful to his wife and that he supported the independent investigation initiated by the company's Board of Directors and would fully cooperate. "I am committed to protecting Nvidia and supporting the national security of the United States," Huang said. He used the expression.

On the other hand, in another report published in The New York Times, it was claimed that Huang had an extramarital affair with a manager reporting to him at the company.