Jensen Huang resigns as Nvidia CEO
Nov 12, 2026
NVIDIA Corporation (Nasdaq: NVDA) announced on Thursday, November 12, 2026, that Jensen Huang has resigned as President, Chief Executive Officer and member of the Board of Directors, effective immediately. Huang co-founded Nvidia in 1993 and had led the company as CEO since then.
The announcement
According to Nvidia's press release and a related regulatory filing:
- Jensen Huang has resigned as President, CEO and director, effective immediately
- Colette Kress, Executive Vice President and Chief Financial Officer, has agreed to serve as interim CEO
- Kress will also remain CFO until a permanent CEO is appointed
- the Board is searching for a permanent CEO and will consider internal and external candidates
- Harvey C. Jones has been appointed Nvidia's first-ever Chair of the Board
- Nvidia will report its third-quarter fiscal 2027 results on Tuesday, November 17, 2026, as previously scheduled
The press release does not state a reason for the resignation.
Who Colette Kress is
Colette Kress joined Nvidia in September 2013 and has led the company's finance organisation since then. Before Nvidia, she spent nearly 25 years in finance roles at Cisco and Microsoft, according to the company. In her statement, Kress said she is committed to building on the foundation created over the past 33 years and to serving Nvidia's customers, partners, developers and shareholders.
A new Chair of the Board
Until now, Nvidia did not have a separate Chair of the Board. Harvey C. Jones has more than 30 years of experience as an entrepreneur, technology executive and venture investor, including as CEO and Executive Chairman of Synopsys, a chip design software company. In the release, Jones said the Board has full confidence in Kress and the leadership team and expects operations, customer commitments and the product roadmap to continue without interruption. The Board also thanked Huang for his contributions to the company and the industry.
What an interim CEO does
When a chief executive leaves without a successor in place, a company's board usually appoints an interim CEO to run the business while it searches for a permanent replacement. The search can include current executives as well as candidates from outside the company. In Nvidia's case, the interim CEO will also continue as CFO, so one person will hold both roles for now.
Results on November 17
Nvidia's third quarter of fiscal 2027 ended on October 25, 2026. The company plans to publish its results on November 17 at around 1:20 p.m. Pacific Time, followed by a conference call at 2:00 p.m. Pacific Time. The release and call will be the first under the new leadership.
What Nvidia does
Nvidia designs graphics processing units (GPUs), full computing systems, networking equipment and software used to train and run artificial intelligence (AI) models. Its customers include cloud computing providers, large internet companies, carmakers and PC makers. The company does not manufacture its own chips and relies on contract manufacturers. You can read more in our profile What does Nvidia do?.
What to watch
Key items include the third-quarter results and outlook on November 17, any further details the company shares about the CEO search, updates on the timing of a permanent appointment and any further changes to the Board or senior management.
Risks and uncertainties
Leadership changes can bring uncertainty about a company's strategy, management and relationships with customers and partners. The timing and outcome of the CEO search are not known. Nvidia also faces risks from competition, customer concentration, supply chains and export rules, and semiconductor shares can be volatile.
What this means for investors
For Investing.one users following Nvidia, the leadership change and the upcoming quarterly results may be relevant. The information above is based on Nvidia's press release and related filing.
Sources
- NVIDIA: NVIDIA Announces CEO Transition (GlobeNewswire via Yahoo Finance), Nov 12, 2026
- NVIDIA Form 8-K summary (Quantisnow), Nov 12, 2026
- NVIDIA: Conference call for third-quarter financial results
- NVIDIA: Corporate timeline
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