NVIDIA at a glance
NVIDIA announced a CEO transition on November 12, 2026: founder Jensen Huang resigned as president, CEO and board member, effective immediately. CFO Colette Kress serves as interim CEO, Harvey C. Jones becomes the board's first chair, and a search for a permanent CEO is under way.
What changed with NVIDIA
NVIDIA announced a CEO transition on November 12, 2026: Jensen Huang has resigned as President, Chief Executive Officer and a member of the Board, effective immediately. Colette Kress, NVIDIA's Executive Vice President and Chief Financial Officer, has agreed to serve as Interim Chief Executive Officer while continuing as CFO until a permanent successor is named, and the Board is starting a search that will consider internal and external candidates. The release gives no reason for Huang's resignation.
Kress has been NVIDIA's CFO since joining the company in September 2013, after nearly 25 years in finance roles at technology companies including Cisco and Microsoft. The Board also appointed Harvey C. Jones as its first-ever Chair; 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. Kress said she is committed to building on the foundation Jensen created over the last 33 years. NVIDIA will report its third-quarter fiscal 2027 results on Tuesday, November 17, at approximately 1:20 p.m. PT, as previously scheduled.
Why NVIDIA matters for businesses
Why it matters: NVIDIA is the company the AI build-out runs on, and its founder-CEO stepping down with no reason given, five days before an earnings report, is the kind of leadership break that moves NVIDIA stock and ripples through every AI plan priced on its hardware. For agencies and businesses, nothing changes today — supply, roadmap and customer commitments are stated to continue — but the November 17 earnings call is now the first test: watch for what the Board says about the permanent search and whether guidance holds.
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Sources for this story
- NVIDIA Announces CEO Transition (opens in a new tab)Official
NVIDIA (GlobeNewswire) · globenewswire.com
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