[DiaryPoint | Reporter Kim Jung-hoon] Nvidia’s board announced on November 12 (local time) that Jensen Huang had resigned and appointed CFO Colette Kress interim CEO. Kress will retain her roles as CFO and executive vice president, while the board searches for a permanent CEO both inside and outside the company.
Huang co-founded Nvidia in 1993 and led the company for 33 years. The board said his resignation took effect immediately and appointed director Harvey Jones as the company’s first board chair.
Kress joined Nvidia in September 2013 and has led its finance organization. Before that, she spent 13 years in finance roles at Microsoft and three years at Cisco, and also worked at Texas Instruments.
The company says its product schedule and AI strategy will not change immediately. Chair Jones said he expects “the company’s operations, customer commitments and product roadmap to continue without interruption,” while Kress said she would “continue to build on Nvidia’s leadership in accelerated computing and AI.”
Kress and the existing leadership team will run the company while the board searches for a permanent successor. Kress said she would “carry forward the 33-year foundation Jensen built” and focus on serving customers, partners, developers and shareholders.
The company’s upcoming schedule is also expected to proceed as planned. Nvidia plans to report its fiscal 2027 third-quarter results at 1:20 p.m. Pacific Time on November 17, followed by an earnings call at 2 p.m.