March 15, 2011 16:20 ET
NVIDIA Announces Resignation of Chief Financial Officer David White
NVIDIA Veteran Karen Burns to Serve as Interim CFO Until Successor Is Hired
SANTA CLARA, CA--(Marketwire - March 15, 2011) - NVIDIA announced today that David White, chief financial officer (CFO), has resigned from the company for personal reasons. He will remain an employee through May 31, 2011.
Karen Burns, 43, who currently serves as corporate controller and vice president of tax, will serve as interim CFO. Previously, she served for 10 years as head of NVIDIA's tax department, holding a variety of titles.
"I want to thank David for his many contributions to NVIDIA," said Jen-Hsun Huang, NVIDIA president and chief executive officer. "I'm grateful for the counsel and leadership he has provided. Karen is a broadly respected veteran of NVIDIA and knows our business well. Her experience, her understanding of our business and her leadership will be a tremendous asset to us during this transition."
Prior to NVIDIA, Burns served nine years in tax and audit roles with KPMG, a global public accounting firm, in its Atlanta, London and Silicon Valley practices. She holds bachelor's and master's of accounting degrees from Florida State University.
NVIDIA (NASDAQ: NVDA) awakened the world to the power of computer graphics when it invented the GPU in 1999. Since then, it has consistently set new standards in visual computing with breathtaking, interactive graphics available on devices ranging from tablets and portable media players to notebooks and workstations. NVIDIA's expertise in programmable GPUs has led to breakthroughs in parallel processing which make supercomputing inexpensive and widely accessible. The Company holds more than 1,800 patents worldwide, including ones covering designs and insights that are essential to modern computing. For more information, see www.nvidia.com.
Certain statements in this press release including, but not limited to statements as to: the effects of the company's patents on modern computing are forward-looking statements that are subject to risks and uncertainties that could cause results to be materially different than expectations. Important factors that could cause actual results to differ materially include: global economic conditions; our reliance on third parties to manufacture, assemble, package and test our products; the impact of technological development and competition; development of faster or more efficient technology; design, manufacturing or software defects; changes in consumer preferences or demands; changes in industry standards and interfaces; unexpected loss of performance of our products or technologies when integrated into systems; as well as other factors detailed from time to time in the reports NVIDIA files with the Securities and Exchange Commission, or SEC, including its Form 10-Q for the fiscal period ended October 31, 2010. Copies of reports filed with the SEC are posted on the company's website and are available from NVIDIA without charge. These forward-looking statements are not guarantees of future performance and speak only as of the date hereof, and, except as required by law, NVIDIA disclaims any obligation to update these forward-looking statements to reflect future events or circumstances.
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