Jensen Huang Resigns as NVIDIA CEO, Colette Kress Named Interim Chief - Blockonomi
by Brenda Mary · BlockonomiTLDR:
Table of Contents
- Jensen Huang resigned as NVIDIA President, CEO, and Board member, effective immediately on November 12.
- CFO Colette Kress will serve as Interim CEO while continuing as Executive Vice President and CFO.
- Harvey C. Jones, former Synopsys CEO, was appointed the first Chair of NVIDIA’s Board of Directors.
- NVIDIA will report third-quarter fiscal 2027 results on November 17, as previously scheduled.
Jensen Huang resigns as President, Chief Executive Officer, and board member of NVIDIA (NASDAQ: NVDA), effective immediately.
The company announced the decision on November 12, 2026. Colette Kress, the company’s Chief Financial Officer, will serve as Interim CEO while continuing as Executive Vice President and CFO.
The Board has launched a formal search for a permanent successor. It also appointed Harvey C. Jones as its first-ever Chair of the Board, according to the announcement.
Kress Steps In After Jensen Huang Resigns
Kress has agreed to lead NVIDIA on an interim basis. She will hold both the CEO and CFO roles until the Board names a permanent successor. The announcement described the arrangement as temporary.
Kress joined NVIDIA in September 2013 and has led its finance organization since then. Before that, she spent nearly 25 years in finance roles at technology companies. Those include Cisco and Microsoft. The company said she played a key role in its growth and evolution.
The Board has started a formal CEO search. The process will consider both internal and external candidates. The announcement did not provide a timeline for the appointment. As a result, Kress will lead the company for an undetermined period.
In a statement, Kress said she is committed to building on the foundation Huang created over 33 years. She added that NVIDIA will keep advancing its work in accelerated computing and AI.
Her focus remains on serving customers, partners, developers, and shareholders. She also said the company will execute on the opportunities ahead.
Harvey C. Jones Becomes First Board Chair
The Board appointed Harvey C. Jones as the first Chair in NVIDIA’s history. Jones previously served as Chief Executive Officer and Executive Chairman of Synopsys. He has worked as an entrepreneur, technology executive, and venture investor for over 30 years.
Jones commented on the leadership change in the announcement. He said Kress has a deep understanding of the business, its customers, operations, and financial position. He added that an experienced leadership team supports her. The Board has full confidence in Kress and the team.
Additionally, Jones said the Board expects operations, customer commitments, and the product roadmap to continue without interruption.
The company also thanked Huang for his contributions to NVIDIA and the industry. It described NVIDIA as one of the most consequential technology companies in the world.
NVIDIA will report third-quarter fiscal 2027 results on Tuesday, November 17, at about 1:20 p.m. PT. The earnings call follows at 2 p.m. PT.
The company said the schedule is unchanged from its earlier announcement. NVIDIA first set this date before the leadership change was announced.