Jensen Huang reportedly disparaged Collette Kress during a summer meeting about Nvidia’s plans to guarantee billions of dollars in financing for data center operators. The Wall Street Journal, citing an anonymous source, said Huang also questioned Kress’s ability to help guide the company’s strategy and decisions.
The meeting focused on guarantees for operators unable to pay for Nvidia chips upfront, according to the Journal. Huang described Kress, the company’s CFO who has since become interim CEO, as “a deer in the headlights,” the report said.
Kress has been at Nvidia for more than 13 years. Before joining, she was senior vice president and CFO of Cisco’s Business Technology Operations Finance. The Journal reported that she raised questions about Nvidia’s program-focused, credit-based deals involving Huang’s son-in-law, Nico Caprez. She wanted to know how the company would assess which deals made sense, value the guarantees and calculate returns.
Earlier this year, Kress scaled back Nvidia’s commitment to an ambitious OpenAI data center project in Ohio. Nvidia had discussed providing OpenAI with $250 billion in credit, but ultimately committed $105 billion.
Huang resigned on Thursday after reports of two extramarital affairs, including one with Nvidia healthcare vice president Kimberly Powell. The company is also investigating a possible Chinese espionage plot. Reuters later reported a third alleged affair involving another employee. Nvidia is searching for a permanent CEO; Huang had held the top job for more than 33 years.
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