Colette Kress will remain Nvidia’s chief financial officer while serving as interim CEO as the board searches for a permanent successor.

Nvidia co-founder Jensen Huang resigned as president, CEO and a board member effective immediately on Thursday, and the company named Chief Financial Officer Colette Kress interim CEO.

Kress will retain her role as CFO while Nvidia’s board considers internal and external candidates for a permanent successor. The board also named Harvey C. Jones its first chair.

This is a developing story.

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