The Chief Executive Officer of Nvidia, Jensen Huang, has stepped down from his position amid an extramarital affair scandal.
Huang has made headlines in recent days and has also come under intense scrutiny over alleged extramarital affairs with a suspected Chinese spy and a company employee.
The company announced Huang resignation on Thursday, according to The Wall Street Journal.
The firm said its Chief Financial Officer, Colette Kress, would serve as interim CEO until a permanent successor is appointed. The board has commenced the search for the company’s next CEO and will consider both internal and external candidates.
Huang had on Sunday admitted to having a relationship with a woman from another company, who was also reportedly suspected of being a Chinese spy. Photos of Huang and the Chinese paramour together in public places have since been widely shared on social media.
Some reports are now claiming the lady in question is a Chinese citizen but does not have any links to the Chinese intelligence service or government and that whatever she did was done to advance her own interests and those of her company. The reports claimed the intense publicity given to Huang extramarital affairs, particularly his involvement with alleged Chinese spy, was part of a well-orchestrated plot to push out Huang and take over his company.
The incident reportedly negatively impacted and tanked the firm’s fortunes, with Nvidia’s stock crashing.
The company’s board launched an investigation into the allegations against Huang.
The Chinese government had urged the United States not to use Huang’s situation as a justification for imposing technology restrictions on the country
