SANTA CLARA, Calif. — NVIDIA (NASDAQ: NVDA) announced on Nov. 12, 2026 that Jensen Huang has resigned as President, Chief Executive Officer, and a member of the Board of Directors, effective immediately. The Board of Directors has appointed Colette Kress, the company's Executive Vice President and Chief Financial Officer, as Interim Chief Executive Officer, and named Harvey C. Jones as NVIDIA's first-ever Chair of the Board.

Kress will continue to serve as Executive Vice President and CFO while leading the company on an interim basis until a permanent successor is named. The Board said it is initiating a search for a permanent Chief Executive Officer and will consider both internal and external candidates. No timeline was given for the appointment, and the creation of a board chair role for the first time in the company's history leaves NVIDIA with a new leadership structure at the top while the search proceeds.

Kress has served as NVIDIA's Executive Vice President and CFO since joining the company in September 2013. During her tenure, she has led the company's finance organization and played a key role in NVIDIA's growth and evolution. Prior to joining NVIDIA, she spent nearly 25 years in finance roles at leading technology companies, including Cisco and Microsoft.

Jones has worked for more than 30 years as an entrepreneur, technology executive, and active venture investor, including service 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 Jones, Chair of the NVIDIA Board of Directors. "She is supported by an experienced leadership team that has been instrumental in executing NVIDIA's strategy and advancing its technology roadmap. The Board has full confidence in Colette and the leadership team, and we expect the company's operations, customer commitments and product roadmap to continue without interruption."

"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 Kress, who holds the dual roles of Interim CEO and CFO. "We will continue advancing the work that has made NVIDIA a leader in accelerated computing and AI, and execute on the opportunities ahead. Our focus remains on serving our customers, partners, developers and shareholders."

In its announcement, the Board described Huang's contributions to NVIDIA as profound and characterized the company as one of the most consequential technology companies in the world. "The Board and the company thank Jensen for his immeasurable contributions to the company and the industry," the release stated. The press release did not specify a reason for the resignation. The resignation closes a 33-year run at the company — the span Kress referenced — during which NVIDIA grew into a leader in accelerated computing and AI.

According to Investinglive, NVIDIA shares were down about 9% before the announcement and fell further afterward, trading down around 11%. The Wall Street Journal had earlier reported that the board was preparing to oust Huang, making the development not entirely unexpected. Investinglive's commentary went further, describing the move as "the mother of all hit jobs" and voicing suspicion that "China hawks orchestrated his downfall" over Huang's handling of China sales; those remarks reflect the outlet's opinion, and NVIDIA's announcement offered no explanation for the departure.

The company confirmed that its previously scheduled earnings plans remain unchanged. NVIDIA will report its 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. The report, arriving five days after the announcement, will be the company's first scheduled public update since the leadership change, with Kress presiding over the release and the call as interim CEO — the next major checkpoint for how NVIDIA's transition is unfolding under its new leadership structure.