Nvidia shares fall over 10% in premarket trade after CEO exit
Colette Kress will serve as interim chief executive while Nvidia searches for a permanent successor, and former Synopsys CEO Harvey Jones becomes the chipmaker's first board chairman.
Nvidia CEO Jensen Huang is stepping down and will also leave the company's board.
CFO Colette Kress will be interim CEO while Nvidia looks for a permanent successor.
Harvey Jones, a former Synopsys CEO and board member, was named Nvidia's first-ever board chairman.
Nvidia shares fell more than 10% in premarket trading after the announcement.
Reports of Huang's personal relationships drew scrutiny, but these claims have not been confirmed by an official finding.