Thursday, November 12, 2026

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Nvidia CEO Jensen Huang steps down amid spy scandal and market loss

Chief Financial Officer Colette Kress will lead the chipmaker on an interim basis as it searches for a permanent successor.

TAS News Service

info@thearabianstories.com

Thursday, November 12, 2026

Santa Clara: Nvidia said on Thursday that co-founder Jensen Huang would step down as chief executive and leave its board, a day after media reports alleged he had a second extramarital affair, this time with a senior executive who reported to him.

Kress, who has served as executive vice president and chief financial officer since 2013, agreed to take over as interim CEO. The board elected longtime director Harvey Jones as its first chair.

“Colette has helped lead Nvidia through a period of extraordinary growth and has a deep understanding of our business, customers, operations and financial position,” Jones said in a statement.

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