Jensen Huang resigns as Nvidia chief executive

Company accepted resignation yesterday, it reveals in filing

Nvidia's Jensen Huang has resigned as CEO of the company, following the revelation of his affair with a woman suspected of being a Chinese spy and reports of a relationhip another woman who was a company employee.

In a Form 8-K [PDF] filed with the US Securities and Exchange Commission (SEC), the GPU maker disclosed that it accepted the resignation of Huang, whom it identified as Jen-Hsun Huang, on November 11, effective immediately.

He is being replaced by chief financial officer Colette Kress, who will serve as interim leader while the board conducts a search for a new CEO.

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Huang, who founded Nvidia in 1993 and served as president, CEO, and a member of the board of directors ever since, led the GPU maker to become one of the most valuable companies in the world, hitting a hit peak of over $5.5 trillion earlier this year.

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His position became untenable following an investigation by the company's board after he admitted to an affair, amid allegations he had a romantic relationship with a woman the US authorities suspected as a Chinese spy.

Reports later surfaced this week of a second alleged affair with an employee of the company itself, reported by the New York Times as being with Kimberly Powell, Nvidia's vice president of health care.

This is a developing story which will be expanded as more detail emerges. ®