NVIDIA announced a major CEO transition today. The company’s Board of Directors confirmed that Jensen Huang has resigned as President, Chief Executive Officer, and a member of the Board. The resignation takes effect immediately. As a result, NVIDIA now enters a new leadership phase.
Colette Kress Takes Over as Interim CEO
Colette Kress, the company’s Executive Vice President and Chief Financial Officer, has agreed to serve as Interim Chief Executive Officer. She will hold both roles until the Board names a permanent successor. Meanwhile, the Board has started its search for a permanent Chief Executive Officer. The search will cover both internal and external candidates.
Kress has served as Executive Vice President and Chief Financial Officer since she joined NVIDIA in September 2013. During her tenure, she has led the finance organization. She has also played a key role in the company’s growth and evolution. Before joining NVIDIA, Kress spent nearly 25 years in finance roles at leading technology companies. These include Cisco and Microsoft.
Harvey C. Jones Named First-Ever Board Chair
In addition, the Board of Directors has appointed Harvey C. Jones as its first-ever Chair of the Board. Mr. Jones has worked as an entrepreneur, technology executive, and active venture investor for over 30 years. Notably, he served as Chief Executive Officer and Executive Chairman of Synopsys.
“Colette has helped lead NVIDIA through a period of extraordinary growth and has a deep understanding of our business, customers, operations and financial position,” said Harvey Jones, Chair of the NVIDIA Board of Directors. “She is supported by an experienced leadership team that has been instrumental in executing NVIDIA’s strategy and advancing its technology roadmap. 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.”
Likewise, Kress addressed the leadership change. “NVIDIA’s strength has always come from its people, and together with our leadership team, I am committed to building on the extraordinary foundation Jensen created over the last 33 years,” said Colette Kress, Interim CEO and CFO, NVIDIA. “We will continue advancing the work that has made NVIDIA a leader in accelerated computing and AI, and execute on the opportunities ahead. Our focus remains on serving our customers, partners, developers and shareholders.”
Furthermore, the Board and the company thanked Jensen Huang for his immeasurable contributions to the company and the industry. His impact on NVIDIA is profound. The company remains one of the most consequential technology firms in the world.
Meanwhile, the earnings schedule stays unchanged. NVIDIA will report its third-quarter fiscal 2027 financial results on Tuesday, November 17, at approximately 1:20 p.m. PT, as previously scheduled. The earnings call will follow at 2 p.m. PT. Therefore, investors can expect the update on time, despite the CEO transition.
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News Source: Nvidianews.com
