Nvidia announces immediate CEO transition as Jensen Huang resigns, Colette Kress named interim CEO

Nvidia's board of directors announced that Jensen Huang has resigned as President, Chief Executive Officer, and board member, effective immediately. Colette Kress, the company's Executive Vice President and Chief Financial Officer since 2013, has been appointed Interim Chief Executive Officer.

Board Actions and Continuity Measures

The board also named Harvey C. Jones as its first-ever Chair of the Board. Jones, a longtime director since 1993 and former Synopsys CEO, will lead the search for a permanent CEO, considering both internal and external candidates. Kress will continue in her CFO role during the transition.

In a statement, Jones emphasized Kress's deep understanding of the business and the leadership team's ability to execute the strategy without interruption. Kress noted the company's commitment to advancing accelerated computing and AI work while serving customers and shareholders.

Operational Continuity

Nvidia stated that operations, customer commitments, and the product roadmap will continue without interruption. The company will report its third-quarter fiscal 2027 financial results on November 17 as previously scheduled.

This transition ends Huang's 33-year tenure as CEO and co-founder. The official announcement provides no further details on the circumstances of the resignation.

Market and Industry Implications

The change occurs at a pivotal time for the AI hardware sector, where Nvidia holds a leading position in accelerated computing platforms. Industry observers will watch the permanent successor search and any shifts in strategic direction closely, though the board has signaled strong confidence in the existing team and roadmap execution.

Sources

• nvidianews.nvidia.com
• www.reuters.com

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