Key highlights
- Nvidia said Jensen Huang resigned as President, chief executive officer and a board member.
- Chief financial officer Colette Kress was appointed Interim chief executive officer while a successor search begins.
- The board appointed Harvey C. Jones as Nvidia’s first-ever chair of the board.
Nvidia (NASDAQ: NVDA) said its Board of Directors accepted the resignation of Jensen Huang as president, chief executive officer and a member of the Board, effective immediately.
The company said Colette Kress, Nvidia’s executive vice president and chief financial officer, has agreed to serve as interim chief executive officer while continuing in her CFO role. The board said it is initiating a search for a permanent chief executive officer and will consider internal and external candidates.
This article is a journalistic opinion piece which has been written based on independent research. It is intended to inform investors and should not be taken as a recommendation or financial advice.
Kress has served as Executive Vice President and chief financial officer since joining Nvidia in September 2013. The company said she previously spent nearly 25 years in finance roles at technology companies including Cisco and Microsoft.
The board also appointed Harvey C. Jones as its first-ever chair of the board. Nvidia described Jones as an entrepreneur, technology executive and active venture investor for more than 30 years, including serving as chief executive officer and executive chairman of Synopsys.
“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,” said Harvey Jones, chair of the Nvidia Board of Directors.
Nvidia said it will report its third-quarter fiscal 2027 financial results on Tuesday, November 17, at approximately 1:20 p.m. PT, followed by an earnings call at 2 p.m. PT, as previously scheduled.
The original press release is available on stockhouse.com
s-13v4_h-14v4_i-15v4