Nvidia founder Jensen Huang resigned as president, CEO and a board member, putting Chief Financial Officer Colette Kress in charge as the chipmaker searches for a permanent leader.
Nvidia announced the transition Nov. 12. A filing with the Securities and Exchange Commission records that the board accepted Huang’s resignation on Nov. 11, effective immediately. The company did not state why he left.
Kress will serve as interim CEO and keep her CFO role, which she has held since September 2013, Nvidia said. The board will consider candidates from inside and outside the company. Nvidia also appointed Harvey C. Jones as its first board chair.
Huang told employees Nov. 8, “I was unfaithful to my wife,” and said he would cooperate with an independent board investigation. The board opened the inquiry after reports that a foreign intelligence effort had targeted Huang. The board said it had no reason to believe national security or Nvidia secrets had been compromised. Nvidia did not link the investigation or Huang’s message to his resignation. The board inquiry was announced Nov. 8.
Huang co-founded Nvidia in 1993 and has led it as CEO since its founding, according to the company’s annual report. CBS News reported Nvidia shares closed down 4.3% at $166.19 on Nov. 12.
Nvidia scheduled its fiscal 2027 third-quarter results for Tuesday, Nov. 17, at 4:20 p.m. ET (21:20 UTC), followed by an earnings call at 5 p.m. ET (22:00 UTC).
