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Business·2 min read

Colette Kress, Nvidia's new interim CEO, is a CFO, not an engineer

Nvidia's board picked its finance chief Colette Kress as interim CEO after Jensen Huang resigned. She knows the numbers better than almost anyone, but she isn't an engineer.

Colette Kress, Nvidia's chief financial officer, who has been named interim CEO of the chipmaker.
Image: WIRED

Nvidia now has a CFO running the company. Colette Kress, who has handled the chipmaker's finances since 2013, was named interim CEO on Thursday after Jensen Huang resigned.

Huang stepped down amid a scandal over his extramarital affair with a Chinese businesswoman, Alice Huang, whom US officials suspected of being an asset of China's Ministry of State Security. Nvidia's board announced an independent investigation into his activities on Sunday, after a New York Times report. Harvey Jones, the newly appointed board chair, said Kress "has helped lead Nvidia through a period of extraordinary growth" and that the board has "full confidence" in her.

Who is Colette Kress?

Before Nvidia, Kress spent more than two decades in finance roles at Microsoft, Cisco and Texas Instruments. Huang recruited her personally in 2013, when Nvidia was still mostly known for gaming graphics cards. He sketched his plan on a whiteboard: Nvidia could become a major supplier of computing infrastructure for AI.

Since then she has been the company's voice on Wall Street. On earnings calls she walks through financial results, customer demand and supply constraints. Analyst Patrick Moorhead calls her "the logical choice" because she "answers hard questions directly". He adds that she goes deep on the product road map too, from rack-scale systems to networking and software.

Why her, and not an engineer?

Nvidia has an unusual structure. Dozens of executives reported straight to Huang, there is no traditional chief operating officer, and even executive vice presidents don't necessarily control budgets, sources told WIRED. Few people understand the company's finances as well as Kress does.

Other names were floated, including Ian Buck, who created the CUDA software platform, and Jeff Fisher, a veteran of the GeForce unit.

A former Nvidia executive, speaking anonymously, described Kress as strong-willed and "whip-smart", someone who can step into the role immediately. But she lacks Huang's engineering and technical background, and she has avoided being at the center of public attention. After weeks of scrutiny around Huang, a quieter style may suit Nvidia for now.

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