Nvidia appointed Chief Financial Officer Colette Kress interim CEO after Nvidia CEO Jensen Huang resigned, putting the leadership of a key AI chip supplier in transition as its board searches for a permanent successor.
Huang’s departure from Nvidia’s president, CEO and board roles took effect immediately Thursday, Nov. 12, the company said. Kress will keep her CFO post while leading the company on an interim basis. Nvidia said directors would weigh current company leaders alongside outside prospects for the permanent role.
Nvidia also named Harvey C. Jones as its first-ever board chair. The company’s announcement did not give a reason for Huang’s departure.
U.S. President Donald Trump used a Truth Social post to urge Nvidia to choose Apple Executive Chairman Tim Cook, calling him a “legend.” Cook is now Apple’s executive chairman, and John Ternus became CEO Sept. 1 under a succession plan Apple announced in April. EconoTimes previously covered Apple’s leadership change.
eMarketer Senior Analyst Asa Hiken told The Associated Press that the leadership shift could affect companies beyond Nvidia because businesses across the AI industry depend on its chips.
Nvidia is scheduled to report fiscal third-quarter 2027 results Tuesday, Nov. 17, at about 4:20 p.m. ET (1:20 p.m. PT), followed by an earnings call at 5 p.m. ET (2 p.m. PT).
