Jensen Huang has resigned as President and CEO of Nvidia, the company he co-founded in 1993, with Chief Financial Officer Colette Kress stepping in as interim CEO.
According to the announcement on Nvidia's newsroom, published on November 12th, Huang has also left the company's Board of Directors, effective immediately. Kress will keep her role as Executive Vice President and CFO while she leads the company. The board said it has started a search for a permanent CEO and will look at both internal and external candidates.
The board also appointed Harvey C. Jones as its first-ever Chair. Jones, a long-time technology executive and venture investor, was previously CEO and Executive Chairman of chip design software firm Synopsys.
"The Board has full confidence in Colette and the leadership team, and we expect the company's operations, customer commitments and product roadmap to continue without interruption," Jones said. The statement thanked Huang for his "immeasurable contributions to the company and the industry" but did not give a reason for his departure.
How Huang's exit came about
The resignation ends days of pressure on the Nvidia founder. Earlier this month, the board opened an investigation after Huang admitted to an affair with a woman whom US intelligence suspects of spying for China. On November 11th, The Wall Street Journal reported that the board was preparing to remove him, and The New York Times reported a second affair, this time with an Nvidia employee.
Bloomberg reported on X (formerly Twitter) that Huang was ousted following the reports of the two affairs. Huang has not commented publicly on his resignation.
What's next for Nvidia
Kress joined Nvidia as CFO in September 2013 after nearly 25 years in finance roles at companies including Cisco and Microsoft. "I am committed to building on the extraordinary foundation Jensen created over the last 33 years," she said in the release.
Nvidia, best known to gamers for its GeForce graphics cards, said it will still report its third-quarter results for fiscal 2027 on Tuesday, November 17th at approximately 1:20 PM PT, followed by an earnings call at 2 PM PT.
