Nvidia Names CFO Colette Kress Interim CEO After Jensen Huang Resigns

Nvidia named chief financial officer Colette Kress interim CEO on Thursday after co-founder Jensen Huang, who led the company for 33 years, abruptly resigned. Nvidia said in a statement that Kress, 59, will keep her roles as CFO and executive vice president while the company searches for a permanent replacement. Huang's departure followed reports of extramarital relationships, one with an alleged Chinese spy and one with a company executive who reported to him. Kress joined Nvidia in September 2013 after finance jobs at Cisco and Microsoft, including four years as CFO of Microsoft's Server and Tools division. She has helped guide Nvidia from a video game-focused chipmaker into a central player in artificial intelligence. In a press release, Kress said Nvidia would keep advancing accelerated computing and AI and stay focused on customers, partners, developers and shareholders. In an email to staff, she acknowledged an extremely difficult period for the company.

NBC News, on the left, frames the story as a profile of Kress. It leads with her 13 years at Nvidia and the challenge of leading through a turbulent moment, and it features her press release, her staff email and praise from someone who worked with her at Cisco. It mentions the relationships in one sentence as revelations. The right-leaning New York Post also runs a profile but states in its first sentence that Huang resigned over an affair with an alleged Chinese spy, and it mentions no second relationship. It adds her retained roles, her sons' role in her joining, the predecessor CFO and analyst comments. Fox News makes the scandal its headline, with Kress in the second sentence of its excerpt, and describes two affairs. Both sides agree on the succession and the allegations. They differ in whether Kress's leadership or the scandal comes first. NewsNation's brief excerpt only notes Kress is taking over after Huang's resignation.