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Nvidia CEO Jensen Huang Resigns After 33 Years — CFO Colette Kress Takes OverTechnology
Nvidia co-founder Jensen Huang has resigned as chief executive after 33 years, with chief financial officer Colette Kress stepping in as interim CEO while the board searches for a permanent successor.
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The board of directors announced the decision on Thursday, saying it had accepted Huang’s resignation the previous night. Chief financial officer Colette Kress, 59, has been named interim chief executive and will keep her finance role while the board searches for a permanent successor, considering both internal and external candidates.
The company also named director Harvey C. Jones as its first-ever chairman of the board. Jones, a former Synopsys chief executive, has served on Nvidia’s board since 1993.
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Kress has been Nvidia’s chief financial officer and executive vice president since joining the company in September 2013. She will lead the chipmaker through a turbulent period, with the company due to report its third-quarter fiscal 2027 results on Tuesday, 17 November, as previously scheduled.
Nvidia shares fell more than 10 percent in pre-market trading on Thursday after the announcement, reflecting investor anxiety about the sudden leadership change at the company that has powered the global artificial intelligence boom.
The resignation follows days of turmoil. On 8 November, Nvidia’s board announced an independent investigation into reports that Huang had been the target of a foreign intelligence effort. Days later, the New York Times reported that the chief executive had also had an affair with an executive who reports to him. On Sunday, Huang admitted to having an extramarital affair, without naming the other party, and apologised to his family and colleagues.
The company’s announcement gave no reason for Huang’s departure, and a regulatory filing recording the resignation disclosed no severance or separation arrangements. The board said it expected Nvidia’s operations, customer commitments and product roadmap to continue without interruption.
Huang co-founded Nvidia in 1993 and built it from a graphics-chip start-up into the central supplier of the processors behind modern AI systems. His exit marks a sharp fall from grace for the executive widely credited with kicking off the AI boom, and leaves Kress with the task of steadying investors and staff while the board chooses the company’s next leader.
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