Jensen Huang, who has led Nvidia since founding it 33 years ago, has resigned as president, chief executive officer and member of the board, effective immediately.
According to the announcement Oyun Günlüğü obtained from Nvidia Newsroom, chief financial officer Colette Kress has been appointed interim CEO. She will keep her CFO role while serving as interim CEO until a permanent successor is named. The board said it will consider both internal and external candidates. Kress joined Nvidia in September 2013 and previously spent nearly 25 years in finance roles at technology companies including Cisco and Microsoft.
The board also appointed Harvey C. Jones as its first-ever chair. Jones has worked as an entrepreneur, technology executive and venture investor for more than 30 years, including serving as CEO and executive chairman of Synopsys.
What led to the resignation
On November 8, Nvidia’s board launched an independent investigation following reports that Huang had been the target of a foreign intelligence effort. The board said it had no reason to believe national security or Nvidia secrets were compromised. The same day, Huang sent an email to employees admitting he had been unfaithful to his wife, apologizing and pledging full cooperation with the investigation. On November 10, the board retained Joon H. Kim, former acting U.S. Attorney for the Southern District of New York, and his firm Wachtell, Lipton, Rosen & Katz to lead the inquiry.
According to a source who spoke to CNBC, the board decided on Huang’s departure at a meeting on the night of November 11.
What about the GeForce roadmap
Nvidia has not announced any change to GeForce graphics cards, driver support or its product roadmap as part of the leadership transition. Board chair Jones said the company expects its operations, customer commitments and product roadmap to continue without interruption, adding that Kress helped lead Nvidia through a period of extraordinary growth. Kress said the company will build on the foundation Huang created over the past 33 years.
Analysts do not expect major short-term disruption. Cantor Fitzgerald analyst C.J. Muse told CNBC that the firm sees Nvidia’s product roadmap as solidified through 2028. According to Reuters, Nvidia’s Asian suppliers are watching whether a new CEO will make manufacturing commitments as aggressive as Huang’s, while Minotaur Capital’s Armina Rosenberg noted that chips due over the next year or two are already designed and in production.
Nvidia will report its fiscal 2027 third-quarter results on November 17 as previously scheduled, at approximately 1:20 p.m. PT, followed by its earnings call at 2 p.m. PT.
