Jensen Huang resigns as Nvidia CEO
Jensen Huang has resigned as Nvidia's chief executive with immediate effect, and CFO Colette Kress will serve as interim CEO, ending his 33 years running the world's most important AI chip supplier.
Nvidia's board announced that Jensen Huang has resigned as president, chief executive officer and board member, effective immediately. The company did not give a reason for his departure. Our rumour desk had flagged earlier a report that the board was preparing to remove him.
Colette Kress, Nvidia's executive vice president and CFO since September 2013, becomes interim CEO and will also remain CFO until a permanent successor is named. Before Nvidia, she spent nearly 25 years in finance roles at companies including Cisco and Microsoft. The board says it will consider both internal and external candidates for the permanent role.
The board also created a new position, naming Harvey C. Jones as its first-ever chair. Jones is a former CEO and executive chairman of Synopsys and has spent more than 30 years as an entrepreneur, executive and venture investor.
"We expect the company's operations, customer commitments and product roadmap to continue without interruption," Jones said. Kress said she would build on "the extraordinary foundation Jensen created over the last 33 years."
The statement thanks Huang for his "immeasurable contributions" but says nothing about the circumstances of his exit or any ongoing role for him.
Nvidia says it will still report third-quarter fiscal 2027 results on Tuesday, November 17, at about 1:20 p.m. PT, with the earnings call at 2 p.m. PT.