A University of Arizona alum will take over as interim CEO of Nvidia, the embattled American tech company announced Thursday.
Colette Kress graduated from the UA with a bachelor’s degree in finance in 1989, according to the school, before pursuing an MBA from Southern Methodist University.
Kress joined Nvidia in 2013 as the company’s Chief Financial Officer, after holding finance roles at Cisco, Microsoft and Texas Instruments, the Wall Street Journal reported.
Nvidia’s Board of Directors said Thursday that Jensen Huang had resigned as the company’s president, CEO and member of the board “effective immediately.”
Huang’s ousting follows news reports that he had an extramarital affair with a client who U.S. intelligence officials determined had been recruited by China’s top spy agency.
Huang had affairs with two other employees, including an Nvidia executive who reported to him, according to reports from the New York Times and Reuters.
Kress will serve as interim CEO until a permanent successor is selected.
Share prices have experienced volatility following reports that the company’s board was preparing to oust Huang.
According to news reports, Nvidia’s share price dropped sharply in after-hours trading Wednesday.
