Read Nvidia’s internal emails about the ‘extraordinarily difficult period’ ahead
NVIDIA Board Chair Harvey Jones announces leadership transition and search for permanent successor.
Quick Look
- NVIDIA CEO Jensen Huang has resigned from his position and the Board of Directors.
- CFO Colette Kress has been appointed interim CEO while the Board conducts a search for a permanent successor.
- Board Chair Harvey Jones will oversee the transition.
AI-generated summary
Why It Matters
Jensen Huang served as the long-time CEO of NVIDIA, a company central to the global AI hardware market. Colette Kress has served as NVIDIA's CFO for over 13 years.
Dear NVIDIA Employees,
I am writing to share an important update. Jensen has resigned as CEO and Board Member, and the Board has asked our Chief Financial Officer Colette Kress to serve as interim CEO while it conducts a search for a permanent successor looking at both internal and external candidates. I will serve as the first-ever Chair of the Board.
As CFO for over 13 years, Colette has been a key architect of NVIDIA’s growth and capital strategy. She possesses a deep understanding of this business and the markets in which we operate. The Board has full confidence in Colette to deliver on our commitments to shareholders, customers, partners, and to each of you.
Jensen’s contributions to NVIDIA are profound. NVIDIA is one of the most consequential technology companies in the world. We pioneered accelerated computing, defined the modern GPU, and built the platform that powered artificial intelligence.
The Board takes seriously our duty as stewards of this great company.
The strength of this company resides in our employees, leadership team, technical strength and partner ecosystem. I am confident that under Colette’s leadership, with the full support of the Board, we will continue to grow our business, and lead the industry forward. Thank you for your focus, your professionalism, and your commitment to NVIDIA.
Harvey Jones
Dear NVIDIAns,
I believe deeply in this company and in its future. More than anything, I believe in each of you, in our customers and partners and in the vital role we play every day in the global economy.
The Board, Estaff and I recognize that this has been an extraordinarily difficult period and I want you to know how grateful we are for your resilience, professionalism and continued dedication. Thank you.
This company has achieved so much because of the work that all of you bring to it every single day. You are our greatest strength. You will hear more from leadership in the coming days about our future together, and we will host a company meeting on November 18 at 9am PT.
We play a vital role in building the technology that is powering the AI revolution, and we have important work ahead of us. So let’s move forward together, with the same determination and commitment that have always defined this company.
Thank you for all you do,
Colette
What to Watch
AI outlook — possibilities, not facts
Company meeting scheduled for November 18.
Very likely · Within days
Open Questions
- Who will be the permanent CEO successor?
- What prompted the sudden resignation of Jensen Huang?
