India, Nov. 12 -- Colette Kress, Nvidia's longtime finance chief, has been named interim CEO after Jensen Huang stepped down with immediate effect, bringing his 33-year tenure at the company to an end amid a widening scandal. Huang stepped down as president, CEO and board member following revelations that he had two extramarital affairs, one of which involved a woman accused of spying for China.

Kress's appointment was announced on Thursday, following Huang's resignation. The company's board said it has initiated a search for a permanent CEO and will consider both internal and external candidates.

"Colette has helped lead NVIDIA through a period of extraordinary growth and has a deep understanding of our business, customers, operations ...