Nvidia Announces CEO Transition

Summary:

Jensen Huang resigns
Colette Kress, EVP and CFO, appointed interim CEO
Harvey C. Jones appointed first-ever chair of the board

Nvidia board of directors announced that Jensen Huang has resigned as president, CEO, and a member of the board, effective immediately.Colette Kress, current EVP and CFO, Nvidia, has agreed to serve as interim CEO. Kress will continue to serve as EVP and CFO while serving as interim CEO until a permanent successor has been named. The board is initiating a search for a permanent CEO and will consider internal and external candidates.

Kress has served as interim CEO of Nvidia since joining the company in September 2013. During her tenure, she has led the company’s finance organization and has played a key role in Nvidia’s growth and evolution. Prior to joining Nvidia, Kress spent nearly 25 years in finance roles at leading technology companies, including Cisco and Microsoft.

The board of directors appointed Harvey C. Jones as its first-ever chair of the board. Mr. Jones has been an entrepreneur, technology executive, and active venture investor for over 30 years, including serving as CEO and executive chairman, Synopsys.

“Colette has helped lead Nvidia through a period of extraordinary growth and has a deep understanding of our business, customers, operations and financial position,” said Harvey Jones, chair, board of directors, Nvidia. “She is supported by an experienced leadership team that has been instrumental in executing Nvidia’s strategy and advancing its technology roadmap. 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.”

“Nvidia’s strength has always come from its people, and together with our leadership team, I am committed to building on the extraordinary foundation Jensen created over the last 33 years,” said Colette Kress, interim CEO and CFO, Nvidia. “We will continue advancing the work that has made Nvidia a leader in accelerated computing and AI, and execute on the opportunities ahead. Our focus remains on serving our customers, partners, developers and shareholders.”

Jensen’s contributions to Nvidia are profound. Nvidia is one of the most consequential technology companies in the world. The board and the company thank Jensen for his immeasurable contributions to the company and the industry.

Nvidia will report its third-quarter fiscal 2027 financial results on Tuesday, November 17, at approximately 1:20pm PT, as previously scheduled, followed by its earnings call at 2pm PT.

Comments

What an extraordinary development! This is not fiction or a virtual scenario, but a real story that many would never have imagined possible. It marks the latest chapter in the now-infamous scandal involving Jensen Huang, Nvidia's founder and former CEO.

As one of the most iconic figures in artificial intelligence and the driving force behind the technology empire he helped build, Huang has long embodied the extraordinary rise of the AI industry. The magnitude of this scandal has sent shockwaves across the global technology and computing sectors, extending far beyond Silicon Valley. Wall Street and the broader financial ecosystem have also reacted strongly, underscoring the potential scale of its implications.

Nvidia's product development roadmap and overall strategy are not expected to be affected.

Whether the fallout will spread to other industries remains to be seen, but this undoubtedly represents a pivotal moment, with ripple effects and potentially far-reaching consequences across multiple domains.

The company is scheduled to report its 3Q27 financial results on Tuesday, November 17, after the Nasdaq market closes.

All eyes will now turn to Chicago next week, where the SC26 Supercomputing conference will provide a major opportunity to assess industry reactions, emerging perspectives, and the potential long-term impact of these extraordinary events.