(KRON) -- As the old saying goes, the show must go on. In the wake of CEO Jensen Huang's resignation Thursday following bombshell reports about two affairs -- including one with an alleged Chinese spy -- Nvidia has appointed a new chairman of the board.
Harvey C. Jones, a veteran chip and technology investor and executive, is the chipmaker's first-ever chairman of the board. Jones, 73, is a longtime member of Nvidia's board, having served on it since the company was founded in 1993.
Millions of dollars worth of Nvidia chips reportedly stolen in Oakland
According to Nvidia's About Us page, Jones has been the Managing Partner of Square Wave Ventures, a private investment firm, since 2004. He also co-founded Daisy Systems Corp., a computer engineering company in 1981, and led Synopsis, Inc. for 12 years, between 1987 and 1998.
His Forbes profile ranks Jones at number 2,454 in the world today in terms of wealth, with a real time net worth of around $1.6 billion. Jones, Forbes reports, "is a billionaire almost entirely due to his Nvidia director's compensation." He has a 0.03% ownership stake in the company, Forbes said.
Reuters reports that Jones holds a bachelor's degree in mathematics and computer science from Georgetown University and a master's degree in management from the Massachusetts Institute of Technology.
In addition to appointing Jones as board chairman, Nvidia has also appointed the company's CFO Colette Kress as interim CEO. The news broke last weekend that Huang had engaged in an extramarital affair with Alice Huang (no relation), a Chinese businesswoman believed to be a spy by U.S. intelligence.
Jensen Huang, president and CEO of Nvidia, listens during an interview before a groundbreaking ceremony for an expansion of Coherent's manufacturing facility on Tuesday, June 16, 2026, in Sherman, Texas. (AP Photo/Jeffrey McWhorter)
On Wednesday, news of a second affair broke with the New York Times reporting that Huang had also carried on an extramarital affair with one of his direct reports -- Nvidia VP of health care Kimberly Powell. In the wake of that story, rumors swirled that the Nvidia board was convening to discuss firing Huang.
On Thursday morning, Huang resigned as the company's president, CEO, and member of the board, "effective immediately," according to a statement from Nvidia.
