What happened

Nvidia's board announced Thursday that CEO Jensen Huang has left the company, following a board meeting late Wednesday night. Huang resigned as CEO, president and board member, effective immediately.

According to the announcement, his departure came after reports of two extramarital affairs—one with an alleged Chinese spy and one with an Nvidia executive who reported to Huang.

Management changes

In Huang's absence, the company is also changing its corporate structure. Current CFO Colette Kress has been appointed interim CEO. Additionally, former Synopsys CEO Harvey C. Jones was named the first board chair in Nvidia's history.

The press release did not include a quote from Huang, marking an abrupt break from the company's founder-leader.