NVIDIA News | Jensen Huang Steps Down As Nvidia CEO Amid 'China Spy' Affair Scandal

Nvidia CEO Jensen Huang stepped down from his position on Thursday amid the spy affair scandal and the Chief Financial Officer of the company Colette Kress will be taking over as the interim CEO. The company will look for a permanent successor and Huang will not remain on the board, it said in a statement. "The Board is initiating a search for a permanent Chief Executive Officer and will consider internal and external candidates," the statement read. The pressure was mounting on Huang, the 63-year-old co-founder and fourth-largest investor of Nvidia, after reports earlier in the day that he also had an extramarital affair with a subordinate who reported to him. After reports of Huang's second affair surfaced, Nvidia's board met on Wednesday to consider his ouster.