33 years after he founded the company, Jensen Huang is leaving the position of CEO

Cress joined Nvidia in September 2013, and has played a central role in the company for the past decade. Before that, she gained almost 25 years of experience in finance positions in leading technology companies, including Cisco and Microsoft. Kress said in a statement that “Nvidia’s strength has always come from its people, and together with our management team, I am committed to continuing to build on the extraordinary foundations that Jensen has created over the past 33 years. We will continue to promote the work that has made Nvidia a leader in accelerated computing and artificial intelligence.”

In the company’s announcement, Huang was greatly appreciated for his tremendous contribution to the transformation of Nvidia into one of the most influential technology companies in the world. In the meantime, Nvidia clarified that the publication of the financial statements for the third quarter of the fiscal year 2027 will take place as planned on this coming Tuesday, November 17, after which the traditional investor call will be held.

At the same time, the board announced the appointment of Harvey Jones as chairman, and he will in fact serve as the first chairman of the board at Nvidia. Until now, Nvidia has not traditionally had a chairman of the board, but Huang shared with director Stephen Neal (independent director and chairman of the nominating and corporate governance committee at Nvidia) responsibilities related to oversight of the board and corporate governance. Jones, an entrepreneur, executive in the technology industry and an active venture capital investor for over 30 years, previously served as CEO and Chairman of Synopsys.

Two extramarital affairs

Jensen’s resignation comes after it was announced tonight that the company’s board of directors met to discuss his removal from the position of CEO. This is after the discovery of two relationships he had outside of marriage, with the report of the second published tonight in the New York Times.

The report revealed that Jensen Huang had a romantic relationship not only with Alice Huang, whom US intelligence calls an intelligence agent, but also with an Nvidia employee – a senior manager who was subordinate to him in her position, according to the New York Times. This time it is the VP of the company’s health products, Kimberly Powell, who is responsible for selling chips to the medical sector – including hospitals, medical imaging companies or pharmaceuticals.

The New York Times reported on the affair based on five sources who spoke with it, but it does not provide proof of this. Unlike the affair with Alice Huang — which Jensen Huang admitted to in a letter sent to employees on Sunday — Huang has not responded to the allegations. When contacted directly by the Times, the CEO replied: “I don’t think you need to talk to me directly,” and hung up. Powell herself did not respond to The New York Times’ inquiries, and neither did Nvidia.

Huang (63) and Powell (48) were recorded showing affection for each other near the Nvidia marketing event in San Jose: the two were recorded together in the vicinity of the hotel. According to the claim, one of the bystanders recorded the interaction on his phone, and when Huang’s security team noticed it, the bystander was offered to sign a nondisclosure agreement.

Powell has been employed by the company since 2008, and in 2017 was appointed vice president for health products.