Jensen Huang, co-founder and CEO of graphics card and AI chip giant Nvidia, has resigned from the company he has led since 1993. The company’s board of directors announced the resignation on Thursday, November 12.
According to information Oyun Günlüğü obtained from Nvidia’s official statement, Huang has stepped down as president, CEO and member of the board, effective immediately. Executive vice president and chief financial officer Colette Kress will serve as interim CEO until a permanent successor is appointed, while retaining her CFO responsibilities. Former Synopsys CEO Harvey C. Jones has been appointed as the company’s first-ever chair of the board.
Allegations behind the resignation
Nvidia’s statement did not give a reason for the resignation. However, Huang had been the subject of US media reports in recent weeks. According to these reports, Huang allegedly had a relationship with a woman US intelligence agencies suspect of spying for China. The New York Times also reported that Nvidia employees alleged Huang was romantically involved with an executive who reported to him. A day before the resignation, The Wall Street Journal reported that the board was weighing whether to oust Huang.
Days before his resignation, Huang acknowledged in a message to employees, partners and shareholders that he had fallen short of his responsibility and said he would work to earn back their confidence. A company spokesperson said Huang will not work with Nvidia in any capacity going forward. During the saga, the company’s stock fell to eight-month lows over national security concerns.
Company says operations will continue uninterrupted
Board chair Harvey Jones expressed full confidence in Kress and the leadership team, stressing that the company’s operations, customer commitments and product roadmap will continue without interruption. Kress joined Nvidia in September 2013 after nearly 25 years in finance roles at companies including Cisco and Microsoft. Nvidia will report its third-quarter fiscal 2027 results on Tuesday, November 17.
