Nvidia CEO Jensen Huang Resignation: There has been a sudden major change in leadership in Nvidia, one of the world's largest AI chip companies. Jensen Huang, co-founder of the company and who has been holding the responsibility of CEO for a long time, has resigned from his post. His decision has created a stir in the technology world. Now the command of the company will be in the hands of the officer who has been handling Nvidia's financial matters for more than a decade. The company has appointed CEO Colette Cress as interim CEO.
Who is Nvidia's new interim CEO, Colette Cress?
According to Nvidia's official announcement, Colette Cress will serve as interim CEO for now. She will also continue to work as the Chief Financial Officer (CFO) and Executive Vice President of the company. This arrangement will remain in place until the company appoints a permanent CEO.
Colette Cress joined Nvidia in September 2013. Prior to this, he held financial and management roles in large tech companies such as Microsoft and Cisco. At Nvidia, he led the company's finance department and played a key role in the company's rapid expansion.
The company's revenue increased from $4 billion to $215 billion.
Nvidia's business has grown tremendously during Colette Cress's tenure. At the time of his joining, Nvidia's revenue for fiscal year 2013 was approximately $4.13 billion. By fiscal year 2026, this revenue is estimated to reach $215.9 billion. Kress has also frequently appeared with Jensen Huang during the company's earnings calls. During these meetings, he answered questions about Nvidia's financial results, earnings, and future business prospects.
Company will start search for permanent CEO
Jensen Huang has resigned from the post of CEO, President and board member of Nvidia. The company's board has announced to start the search for a permanent successor. In this process, candidates from both inside and outside the company will be considered.
Nvidia's processors are widely used in artificial intelligence, advanced computing and data centers around the world. Therefore, this change in the top leadership of the company is considered important not only for Nvidia but for the entire tech industry.
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