The 33-year Jensen Huang era at Nvidia is over
Nvidia founder Jensen Huang resigned, and chief financial officer Colette Kress was appointed as interim CEO.
Quick Look
- Nvidia's founder and CEO Jensen Huang resigned from his duties after 33 years.
- The company's chief financial officer, Colette Kress, was appointed interim CEO, while Harvey C.
- Jones became chairman of the board.
AI-generated summary
Why It Matters
Jensen Huang was the head of Nvidia for 33 years. Before his resignation, allegations of extramarital affairs appeared in the press.
Jensen Huang, who founded Nvidia 33 years ago and turned the company into one of the world's most valuable technology companies, is no longer at the helm of the company. Nvidia's Board of Directors officially announced that Huang has resigned as CEO, president and board member, effective immediately.
Colette Kress, the company's chief financial officer, was appointed as interim CEO. Kress will also continue as chief financial officer until a permanent CEO is found. The board will consider internal and external candidates for the permanent CEO.
Who is Colette Kress?
Kress has been Nvidia's chief financial officer and executive vice president since September 2013. Kress, who manages the company's finance organization, worked in finance for approximately 25 years at technology companies such as Cisco and Microsoft before joining Nvidia.
"I am committed to building on the extraordinary foundation Jensen has established over the last 33 years. We will continue the work that has made Nvidia a leader in accelerated computing and artificial intelligence," Kress said in the statement.
The first chairman was appointed to the board of directors
The board of directors appointed Synopsys' former CEO and executive chairman, Harvey C. Jones, as chairman of the board of directors for the first time in the company's history. Jones said that they expect the company's operations, customer commitments and product roadmap to continue uninterrupted.
The reason for the resignation was not included in Nvidia's statement. Huang has been on the agenda with allegations of extramarital affairs reported in the press in recent weeks, and it was reported that the board of directors will meet to discuss this issue. The uncertainty was also reflected in the company's shares; We reported the details in our news about the critical meeting of the board of directors.
All eyes are on the balance sheet on November 17
The company will announce its fiscal 2027 third quarter results on Tuesday, November 17, as previously planned. Kress's first big test as interim CEO will be this balance sheet and the subsequent investor meeting.
What to Watch
AI outlook — possibilities, not facts
The 2027 fiscal year 3rd quarter results will be announced on November 17.
Very likely · Within days
Open Questions
- What is the real reason for resignation?
- Who will be the permanent CEO?
