IT News from November 12th: This evening, NVIDIA's CEO Colette Kress issued an internal memo to all employees. Reuters obtained a copy of the memo, which reads as follows:
To all NVIDIA colleagues: I am full of confidence in the company and its future. More importantly, I believe in every one of us present here, in our customers and partners, and I believe that we play an indispensable role in the global economy every day.
The board of directors, the senior management team, and I are all well aware that the past period has been extremely difficult for everyone. I would like to thank each of you for demonstrating resilience, professional competence, and a consistent dedication to your work during these challenging times.
The company's achievements today are due to the daily efforts of every employee. You are the most valuable asset of the company.
In the coming days, management will further introduce the company's future development to everyone. We will also hold a meeting for all employees on November 18th at 9 a.m. Pacific Time in the United States.
We bear the important mission of developing the core technologies of the AI revolution, and there is still much important work to be done ahead. Let's continue to move forward side by side, maintaining our steadfast beliefs and professional dedication as always.
Thank you all for your contributions.
"Colette"
Reuters also quoted an English memorandum which stated: “Dear NVIDIANs, I believe deeply in this company and in its future. More than anything, I believe in each of you, in our customers and partners and in the vital role we play every day in the global economy. The Board, Estaff (executive staff) and I recognize that this has been an extraordinarily difficult period and I want you to know how grateful we are for your resilience, professionalism and continued dedication. Thank you. This company has achieved so much because of the work that all of you bring to it every single day. You are our greatest strength.”You will hear more from leadership in the coming days about our future together , and we will host a company meeting on November 18 at 9 a.m . PT . We play a vital role in building the technology that is powering the AI revolution , and we have important work ahead of us . So let 's move forward together , with the same determination and commitment that have always defined this company . Thank you for all you do , Colette ”
After Jensen Huang resigned from his positions as President, Chief Executive Officer, and Board Member, NVIDIA appointed Colette Kress ( Colette Kress ), Executive Vice President and Chief Financial Officer, as the interim Chief Executive Officer.
Until a formal successor is determined, Kres will continue to serve as both Executive Vice President and Chief Financial Officer while acting as the CEO. The board of directors has already commenced the process of selecting a formal CEO and will consider both internal and external candidates.
IT Note: Kres holds a Bachelor of Science degree in Finance from the University of Arizona and a Master of Business Administration ( MBA ) degree from Southern Methodist University. Since joining NVIDIA in September 2013, Kres has served as Executive Vice President and Chief Financial Officer.
NVIDIA stated that during her tenure, she led the company's finance department comprehensively and played a key role in the business growth and development of NVIDIA.
Cres has served as a Senior Vice President and Chief Financial Officer for three years in Cisco's Business Technology and Operations Finance department, responsible for the financial strategy formulation, planning, reporting, and business development of all business units, engineering departments, and operations departments.
Previously, Kres worked at Microsoft for 13 years, including 4 years as the Chief Financial Officer in the Server and Tools division, and also held senior positions in the areas of corporate planning and finance. Before that, Kres held several financial positions at Texas Instruments as well.
