NVIDIA Announces CEO Transition as Jensen Huang Resigns

NVIDIA's board of directors announced that Jensen Huang has resigned as president, chief executive officer and board member, effective immediately. Colette Kress, executive vice president and chief financial officer, was appointed interim chief executive officer, and Harvey C. Jones was named the company's first chair of the board. NVIDIA said it will report third-quarter fiscal 2027 results on November 17 as scheduled.

NBC News reported that the resignation followed accounts of multiple extramarital relationships by Huang, including one with a suspected agent of China and another with an executive who reported to him. NVIDIA's statement did not give a reason for the resignation.

Leadership Change

The board is initiating a search for a permanent chief executive officer and will consider internal and external candidates. Kress will continue as executive vice president and chief financial officer while serving as interim chief executive officer until a permanent successor is named. She joined NVIDIA in September 2013 and has led the company's finance organization.

Background of New Leaders

Before joining NVIDIA, Kress spent nearly 25 years in finance roles at leading technology companies, including Cisco and Microsoft. Jones has been an entrepreneur, technology executive and active venture investor for more than 30 years, including serving as chief executive officer and executive chairman of Synopsys. The board appointed him as its first-ever chair.

Operations and Earnings

Harvey Jones, chair of the board, said Kress has helped lead NVIDIA through extraordinary growth and has a deep understanding of the business, customers, operations and financial position. Kress said she is committed to building on the foundation Huang created over the last 33 years. NVIDIA's third-quarter fiscal 2027 results are scheduled for Tuesday, November 17, at about 1:20 p.m. PT, followed by an earnings call at 2 p.m. PT.

Sources: nvidianews.nvidia.com · NBC News · AP