Nvidia names Colette Kress interim CEO as Huang resigns

Nvidia said Jensen Huang has resigned as president, chief executive and director with immediate effect, and named Chief Financial Officer Colette Kress interim CEO. The board will consider internal and external candidates for a permanent successor. The leadership change comes as lawmakers seek testimony from Huang about his reported relationship with Alice Huang, whom U.S. intelligence officials are reported to suspect of gathering information for Beijing. Those suspicions have not been independently established in the reports.

Rep. Brian Mast, chairman of the House Foreign Affairs Committee, said Huang had agreed to testify before Congress. Mast said the date remained under negotiation. The proposed appearance is expected to be a closed-door hearing involving the Foreign Affairs Committee, the Select Committee on China and the House Permanent Select Committee on Intelligence. Their chairs said they want to assess whether U.S. national security was put at risk. The hearing date and final arrangements have not been set.

Nvidia’s board said it had no reason to believe national security or company information had been compromised. That is the board’s assessment; the reporting does...