Jensen Huang resigns as Nvidia chief, CFO Colette Kress steps in

Jensen Huang resigns as Nvidia chief, CFO Colette Kress steps in

12 November 2026: Nvidia's board says Jensen Huang has resigned as president, chief executive and director with immediate effect, ending a tenure the company puts at 33 years, and that chief financial officer Colette Kress will run the company as interim chief executive while keeping her finance role. The board has also created the post of chair for the first time and given it to Harvey C. Jones, a former chief executive and executive chairman of Synopsys.

Not yet independently verified. Nvidia's release gives no reason for the resignation. Press reports link it to other matters; we report only what the company has stated. We will update this when it can be confirmed, and remove this note.

A finance chief in the top job

Kress joined Nvidia as executive vice president and chief financial officer in September 2013. Before that she spent nearly 25 years in finance roles at technology companies including Cisco and Microsoft, according to the release. She will hold both jobs until a permanent successor is named, and the board says it will consider internal and external candidates. No timetable for the search is given.

"I am committed to building on the extraordinary foundation Jensen created over the last 33 years," Kress said in the statement, adding that the company's focus "remains on serving our customers, partners, developers and shareholders."

Why the board now has a chair

Until this announcement Nvidia had no separate chair of the board. Jones has been an entrepreneur, technology executive and venture investor for more than 30 years, the company says. His statement is aimed squarely at customers: "we expect the company's operations, customer commitments and product roadmap to continue without interruption." He added that the board "has full confidence in Colette and the leadership team."

The newsroom lists two earlier board statements, dated 8 and 10 November, and a message to staff on 8 November, which shows the board had been dealing with the matter for several days before the resignation was announced.

What stays on the calendar

Nvidia says it will report third-quarter fiscal 2027 results on Tuesday 17 November at about 1:20 p.m. Pacific time, as previously scheduled, followed by the earnings call at 2 p.m. Pacific. That call will be the first chance for analysts and customers to put questions to the interim leadership.

For companies that buy Nvidia hardware through cloud providers or system makers, the practical questions are about continuity: allocation of accelerators already on order, pricing on renewals, and whether product roadmaps announced under Huang hold. The board's statement promises no interruption to customer commitments; it does not address any specific product line.

Where Nvidia sits in our catalogue

Nvidia's chips sit underneath most of what we track in AI. Our AI model category lists 159 models and our artificial intelligence companies category holds 1,113 firms, many of which train or serve on Nvidia hardware. A change at the top of the supplier is a supply-chain question for all of them, which is why the results call on 17 November matters beyond Nvidia's own shareholders.

Sources

• Nvidia newsroom: NVIDIA Announces CEO Transition, 12 November 2026