Jensen Huang resigns as NVIDIA’s CEO.
Nvidia CFO Colette Kress takes over as interim CEO after Jensen Huang resigns, effective immediately.
Nvidia’s official release, “NVIDIA Announces CEO Transition,” formally confirms Jensen Huang’s immediate resignation as President, Chief Executive Officer, and member of the Board of Directors after 33 years at the helm, while establishing an interim governance structure designed to reassure investors and customers ahead of upcoming quarterly results.
Core Structural Announcements.
* Immediate Resignation: Jensen Huang stepped down from all executive and board roles effective immediately, concluding his tenure leading the company he co-founded in 1993.
* Interim Leadership: Executive Vice President and Chief Financial Officer Colette Kress has been appointed Interim CEO while continuing to serve as CFO. She has been a central architect of Nvidia’s financial and operational scaling since joining in September 2013.
* Board Restructuring & Search: Longtime director and former Synopsys CEO Harvey C. Jones has been named Nvidia’s first-ever Chair of the Board. The board has initiated a formal search process—evaluating both internal executives and external candidates—to identify a permanent successor.
* Operational & Earnings Continuity: Nvidia explicitly affirmed that its product roadmap, data center customer commitments, and supply chain operations remain unchanged, and confirmed that its Q3 fiscal 2027 earnings release and investor call will proceed as scheduled on Tuesday, November 17, 2026.
Key Official Quotes.
Harvey C. Jones, newly appointed Chair of the Board:
“For more than three decades, Jensen’s vision and engineering leadership transformed NVIDIA from a graphics pioneer into the foundational engine of modern accelerated computing and artificial intelligence. As the Board conducts a comprehensive search for our next permanent CEO, Colette’s deep operational command, financial discipline, and trusted relationships across our ecosystem ensure seamless continuity for our employees, customers, and partners.”
Colette kress, interim CEO and CFO:
“NVIDIA’s momentum is driven by the extraordinary depth of our engineering teams, our full-stack platform, and the enduring partnerships we have built across the global technology ecosystem. Our priorities remain unchanged: executing on our product roadmap, supporting our customers at scale, and delivering long-term value for our shareholders.”
Jensen Huang, outgoing Co-founder, President, and CEO:
“Co-founding and leading NVIDIA over the past 33 years has been the privilege of a lifetime. Stepping aside now is the right decision for the company and its stakeholders so that the leadership team can remain singularly focused on the next era of AI and accelerated computing.”
Strategic Takeaways from the Release.
* Creating a Formal Chair Role: Historically, Huang held the combined CEO/President role without an independent Board Chair (relying instead on a Lead Independent Director). Elevating Harvey C. Jones to Chair signals a clear effort to reinforce independent board oversight following recent governance scrutiny.
* Omission of Investigation Details: True to corporate crisis-communications convention, the release does not mention the Wachtell Lipton internal review or recent media reports, framing the departure strictly around leadership continuity and organizational focus.
https://nvidianews.nvidia.com/news/a-message-to-our-company.
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NVIDIA (NASDAQ: NVDA) Board of Directors announced today that Jensen Huang has resigned as President, Chief Executive Officer, and a member of the Board, effective immediately.
Colette Kress, current Executive Vice President and Chief Financial Officer of NVIDIA, has agreed to serve as Interim Chief Executive Officer. Kress will continue to serve as Executive Vice President and Chief Financial Officer while serving as Interim Chief Executive Officer until a permanent successor has been named. The Board is initiating a search for a permanent Chief Executive Officer and will consider internal and external candidates.
Kress has served as Executive Vice President and Chief Financial Officer of NVIDIA since joining the company in September 2013. During her tenure, she has led the company’s finance organization and has played a key role in NVIDIA’s growth and evolution. Prior to joining NVIDIA, Kress spent nearly 25 years in finance roles at leading technology companies, including Cisco and Microsoft.