Nvidia says Jensen Huang has resigned as CEO; CFO Colette Kress named interim

Note

Nvidia's board announced Thursday, Nov 12, that Jensen Huang has resigned as president, chief executive officer, and a member of the board, effective immediately, according to a company newsroom release. Colette Kress, Nvidia's executive vice president and chief financial officer, has agreed to serve as interim chief executive officer and will continue as CFO until a permanent successor is named. The board said it is starting a search for a permanent CEO and will consider internal and external candidates.

The board appointed Harvey C. Jones as its first-ever chair of the board. The release said Jones has been an entrepreneur, technology executive, and venture investor for more than 30 years, including service as chief executive officer and executive chairman of Synopsys. In a statement in the release, Jones said the board has full confidence in Kress and the leadership team and expects the company's operations, customer commitments, and product roadmap to continue without interruption. Nvidia will still report third-quarter fiscal 2027 financial results on Tuesday, Nov 17, as previously scheduled, followed by its earnings call.

The Thursday release does not state a reason for the resignation. In a Nov 8 message posted on Nvidia's newsroom, Huang said he had been unfaithful to his wife and that the board had started an independent investigation into "national security concerns raised in news reports." In a separate Nov 8 board statement, Nvidia said it was investigating "recent reporting that founder and CEO Jensen Huang has been the target of a foreign intelligence effort," and that the board had "no reason to believe that either national security or NVIDIA secrets were compromised."