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IT Home reported on November 12 that Nvidia’s board of directors announced today that Jensen Huang has resigned as president, chief executive officer and a member of the board, effective immediately.
Nvidia Executive Vice President and CFO Colette Kress has agreed to serve as interim CEO until the board selects a permanent successor, while continuing in her roles as executive vice president and CFO.
The board will begin its search for a new CEO, considering candidates from among the company’s executives and from outside the company. Kress has served as executive vice president and CFO, leading the finance department, since joining Nvidia in September 2013. Before that, she spent nearly 25 years in finance roles at major technology companies including Cisco and Microsoft.
The board also appointed Harvey C. Jones as Nvidia’s first chairman. Jones has more than 30 years of experience in entrepreneurship, technology company management and venture capital, and previously served as CEO and executive chairman of Synopsys.
Nvidia Chairman Harvey Jones said:
Colette helped lead Nvidia through extraordinary rapid growth and has a deep understanding of the company’s business, customers, operations and financial position. She is supported by an experienced management team that has played an important role in executing Nvidia’s strategy and advancing its technology roadmap.
The board has full confidence in Colette and the management team and believes the company’s day-to-day operations, commitments to customers and product development plans will continue without interruption.
Nvidia interim CEO and CFO Colette Kress said:
Our employees have always been Nvidia’s source of strength. I will work with the management team to continue building on the exceptional foundation Jensen Huang has laid for the company over the past 33 years. We will continue advancing Nvidia’s development in accelerated computing and AI and seize the opportunities ahead.
Serving our customers, partners, developers and shareholders remains our focus.
The official press release said Huang’s contributions to Nvidia have been profound, and that the board and the company thank him for his immeasurable contributions to the company and the industry.
According to IT Home, Nvidia still plans to release its financial results for the third quarter of fiscal 2027 on November 17 (Tuesday) at approximately 1:20 p.m. Pacific Time, followed by an earnings conference call at 2:00 p.m. Pacific Time.