Nvidia CFO David White Calls It Quits

rated by 0 users
This post has 3 Replies | 0 Followers

Top 10 Contributor
Posts 26,504
Points 1,196,985
Joined: Sep 2007
ForumsAdministrator
News Posted: Wed, Mar 16 2011 12:07 PM
David White, Nvidia's Chief Financial Officer, will have all the time in the world to sunbathe at the beach and sip on piña coladas this summer. Or at least that's what we would do if we handed in our resignation papers, as White recently did. White, who is leaving the GPU maker "for personal reasons," will remain with Nvidia until the end of the month. After that, where the 55-year-old goes is anyone's guess.

"I want to thank David for his many great contributions to Nvidia," said Jen-Hsun Huang, Nvidia President and CEO. "I'm grateful for the counsel and leadership he has provided."


Image Credit: Nvidia

White, 55, was hired by Nvidia in February 2009. He will be replaced by interim CFO Karen Burns, 43, corporate controller and vice president of tax.

"Karen is a broadly respected veteran of Nvidia and knows her business well," Huang added. "Her experience, her understanding of our business, and her leadership will be a tremendous asset to us during this transition."

Despite Nvidia's optimism in Burns as an interim replacement, the company's stock dropped by as much as 6.5 percent in extended trading following the announcement, Bloomberg reports.
  • | Post Points: 50
Top 10 Contributor
Posts 6,374
Points 80,315
Joined: Nov 2004
Location: United States, Arizona
Moderator

Darn I guess this is one more job I wont be getting a call back about... 

"Never trust a computer you can't throw out a window."

2700K

Z77 GIGABYTE G1.SNIPER

GIGABYTE GTX670

G.Skill Ripjaws X 16gb PC2133

Antec P280

Corsair H100

Asus Blu-ray burner

Seasonic X650 PSU

Patriot Pyro 128gb SSD

  • | Post Points: 5
Top 200 Contributor
Posts 467
Points 3,710
Joined: Feb 2011

Maybe he knows something. Wait and see if the other shoe drops.

  • | Post Points: 5
Top 10 Contributor
Posts 4,839
Points 45,835
Joined: Feb 2008
Location: Kennesaw
rapid1 replied on Thu, Mar 17 2011 1:59 AM

Yeah; I agree on that Thunderbird, a CFO leaving after what a year and a half almost. That seems suspicious to me either way. We will see what comes of it when CEO's, directors, board members etc leave it is one thing, but when the head finance officer leaves it is often another, and not for good reasons for a companies outlook in the near future.

ASUS Z87C
i7-4770K
Xonar DGX
Intel Gigabit CT
Geforce GTX 770 4GB
G.Skill X1600/1754 2x8GB 7/8/8/24
  • | Post Points: 5
Page 1 of 1 (4 items) | RSS