Jensen Huang steps down from Nvidia amid corporate scandals
Nvidia CEO Jensen Huang has resigned from all positions following an internal investigation and allegations of ethical misconduct.
🏢БізнесPhoto: Інтерфакс-Україна: загальні
Key points
- Jensen Huang resignation
- Nvidia internal investigation
- Leadership transition
Jensen Huang, who has long led Nvidia Corp., has officially stepped down as CEO and president, and has also resigned from the company's board of directors. The company has announced interim leadership changes: CFO Colette Kress will serve as acting CEO, while Harvey Jones, former head of Synopsys Inc., will chair the board of directors.
The leadership shake-up follows a series of scandals. The board of directors has launched an internal investigation into Huang's ties with an entrepreneur suspected of attempting to bypass sanctions on high-tech chip exports to China. Additionally, media reports have surfaced regarding an office affair between the former executive and Nvidia Vice President Kimberly Powell.
Despite his departure, Jensen Huang remains a major stakeholder, holding approximately 3.6% of the company's shares, making him the fourth-largest shareholder.
Source Інтерфакс-Україна: загальні — interfax.com.ua/news/general/1235560.html ↗
Read next
🛒Ціни та тарифиUkraine expects energy and humanitarian assistance packages from EU soon — Zelenskyy
Following talks in Dublin with EU leaders, President Volodymyr Zelenskyy announced that Ukraine anticipates receiving winter aid packages covering energy, humanitarian ne…
🧾Податки та виплатиMinistry of Defense appoints new deputy for defense budget
The Cabinet of Ministers has appointed Oleksandr Plachynta as Deputy Minister of Defense to oversee the agency's financial resources and budget policy.
💼Ринок праціSkyUp Airlines Appoints Dmytro Popel as New CEO Amid Group Transformation
SkyUp Airlines has announced management changes, with Dmytro Popel taking over as CEO while former head Dmytro Seroukhov moves to a group-level commercial role.
🛒Ціни та тарифиUAV debris damages power line in Poltava region, leaving hundreds without electricity
Enemy drone debris damaged a power line in the Poltava region, cutting off electricity for about 450 consumers.
🏢БізнесUS Special Envoys Announce European Involvement in Upcoming Ukraine Peace Talks
Following meetings in Moscow, US envoys confirmed that European representatives will join the next round of negotiations.
🏢БізнесYelyzaveta Pushko-Tsybuliak joins supervisory boards of Centrenergo and OPZ
A former member of the Accounting Chamber has been appointed as an independent director at two major state-owned enterprises.