NVIDIA Co-founder Jensen Huang has resigned as President, Chief Executive Officer (CEO), and Board member of the global technology company on Thursday, November 12.

Current Executive Vice President and Chief Financial Officer Colette Kress will serve as Interim CEO while retaining her current positions, until a permanent successor is named by the Board, which will consider candidates from among its existing personnel and those outside the tech firm.

“Colette has helped lead NVIDIA through a period of extraordinary growth and has a deep understanding of our business, customers, operations and financial position,” said NVIDIA Board of Directors Chairman Harvey Jones.

“She is supported by an experienced leadership team that has been instrumental in executing NVIDIA’s strategy and advancing its technology roadmap. The Board has full confidence in Colette and the leadership team, and we expect the company’s operations, customer commitments and product roadmap to continue without interruption,” he added.

Kress assured her commitment to further advancement in accelerated computing and artificial intelligence.

“We will continue advancing the work that has made NVIDIA a leader in accelerated computing and AI, and execute on the opportunities ahead. Our focus remains on serving our customers, partners, developers and shareholders,” she said.

Kress joined chipmaker NVIDIA in September 2013 as Executive Vice President and Chief Financial Officer, and has since played a vital role in the firm’s progress. Prior to NVIDIA, she has also worked in finance roles under Cisco and Microsoft.

Huang stepped down from his position at NVIDIA following his alleged romantic ties to a woman believed to be a Chinese spy.

The former CEO has publicly apologized for being “unfaithful to [his] wife,” although he did not provide details regarding his affair with businesswoman Alice Huang of Megaspeed, a NVIDIA client, according to US media.

Furthermore, Huang reportedly had a separate affair with Kimberly Powell, NVIDIA’s Vice President of Health Care, according to other online sources.