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Jensen Huang resigns; Colette Kress is NVIDIA's interim CEO

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Jensen Huang has resigned as NVIDIA's president, CEO and board member after 33 years. CFO Colette Kress is interim CEO, and the board named its first-ever chair, Harvey C. Jones.

· 2 min read

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Image: NVIDIA · Press kit · Source

What happened

NVIDIA's board accepted Huang's resignation, effective immediately, on November 11, and the company announced it on November 12 (NVIDIA; SEC 8-K).

  • Colette Kress, 59, has been CFO since 2013 and keeps that role. She previously spent nearly 25 years in finance roles at companies including Cisco and Microsoft.
  • Harvey C. Jones, 73, has been on the board since 1993 and is a former CEO of Synopsys. He is NVIDIA's first board chair.
  • The board will consider internal and external candidates for a permanent CEO.
  • TechCrunch reported the stock fell more than 4% on the news.

TechCrunch reports the resignation came days after Huang admitted to a relationship that raised U.S. national security concerns (TechCrunch). Details so far come from press reports; NVIDIA's announcement does not address them.

What the company says

Jones said the board has full confidence in Kress and the leadership team and expects operations, customer commitments and the product roadmap to continue without interruption. That is management's expectation, not a guarantee. According to TechCrunch, Huang is the largest individual shareholder but owns only about 3.5% and holds no supervoting rights.

What to watch

  • NVIDIA is still scheduled to report fiscal 2027 third-quarter results on November 17 at about 1:20 p.m. PT, with the call at 2 p.m. PT.
  • Kress's staff email says an internal company meeting will take place on November 18.
  • Large ongoing programs, such as the South Korea sovereign AI partnership, will be early tests of roadmap continuity.

For developers, nothing changes in the short term: CUDA, the Vera Rubin generation and the open model roadmap do not hinge on one person. The bigger question is strategic direction, since Huang personally shaped the company's bets for 33 years (NVIDIA and South Korea expand sovereign AI push).

    By Mikola Máté Patrik

    Produced with the help of AI, reviewed by an editor. How we make our articles

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