Following a series of rapidly unfolding events this week, Nvidia tapped chief financial officer Colette Kress to replace founder Jensen Huang as CEO Thursday morning. But moving forward after 33 years during which Huang tightly controlled basically everything at Nvidia will prove challenging for several reasons.
Kress will need to restore the trust of investors and partners while navigating several investigations, a plummeting stock price, next week's upcoming earnings, as well as making sure Nvidia employees remain committed to the company without its charismatic leader.
And she'll also have to help train her replacement: Kress, who joined the company in 2013, will serve as CEO “until a permanent successor has been named,” according to a statement.
“Nvidia’s strength has always come from its people, and together with our leadership team, I am committed to building on the extraordinary foundation Jensen created over the last 33 years,” Kress said in the statement. “We will continue advancing the work that has made Nvidia a leader in accelerated computing and AI, and execute on the opportunities ahead. ”
