Nvidia said Thursday its Board of Directors announced Jensen Huang resigned as president, chief executive officer and a director, effective immediately.
The board appointed Colette Kress, executive vice president and chief financial officer, as interim chief executive. Kress will also continue as CFO while serving as interim CEO until a permanent successor is named, according to the company. The board said it has started a search for a permanent CEO and will consider internal and external candidates.
Nvidia said Kress has served as executive vice president and CFO since September 2013. The company said she has led the finance organization and played a key role in Nvidia’s growth and evolution. Before joining Nvidia, Kress spent nearly 25 years in finance roles at technology companies, including Cisco and Microsoft, the company said.
The Board of Directors also appointed Harvey C. Jones as its first chair of the board. Nvidia said Jones has been an entrepreneur, technology executive and venture investor for over 30 years, including serving as chief executive officer and executive chairman of Synopsys.
“Colette has helped lead Nvidia through a period of extraordinary growth and has a deep understanding of our business, customers, operations and financial position,” said Harvey Jones, chair of the Nvidia Board of Directors. He said the board expects no disruption to operations, customer commitments or the product roadmap.
“Nvidia’s strength has always come from its people, and together with our leadership team, I am committed to building on the extraordinary foundation Jensen created over the last 33 years,” said Colette Kress, interim CEO and CFO.
The company thanked Huang for his contributions. Nvidia did not state a reason for his resignation.
Nvidia said it will report third-quarter fiscal 2027 financial results on Tuesday, Nov. 17, at approximately 1:20 p.m. PT, followed by its earnings call at 2 p.m. PT.