New CEO Leader at Nvidia!
New York, US, Nov 12 (EFE).-
Nvidia co-founder Jensen Huang resigned Thursday as chairman, CEO, and member of the board of directors, effective immediately.
The company named its former executive vice president and chief financial officer, Colette Kress, as interim CEO and appointed Harvey C. Jones, former CEO and executive chairman of Synopsys, as chairman of the board, a position that had not previously existed at the company.
Kress has nearly 25 years of experience at Cisco and Microsoft and will retain her current financial responsibilities while serving as interim leader.
In an official statement released Thursday, the company’s board of directors said it will immediately begin searching for a permanent CEO and thanked Huang for his “immeasurable contributions” over the 33 years since he co-founded the company.
“Kress has served as Executive Vice President and Chief Financial Officer of NVIDIA since joining the company in September 2013. During her tenure, she has led the company’s finance organization and has played a key role in NVIDIA’s growth and evolution,” Jones said in the statement.
Huang’s resignation comes amid a serious reputational crisis after an extramarital affair between him and businesswoman Alice Huang, whom the US intelligence community suspects to be a Chinese spy, came to light.
Nvidia has also confirmed the third-quarter financial results release, scheduled for Nov. 17, after the close of Wall Street.
On Sunday, Huang publicly apologized, and the board hired the law firm Wachtell Lipton to investigate.
Shares of tech company Nvidia fell 7.45% in early trading on Wall Street on Thursday, after the company announced Huang’s immediate departure.
The plunge adds to this week’s losses, during which Nvidia’s stock price fell from a close of 206.69 dollars on Nov. 3 to 173.73 on Wednesday, a 15.9% decline. With Thursday’s drop, the company has fallen nearly 22%.
The technology giant, one of the world’s most valuable companies, has been one of the main beneficiaries of the artificial intelligence boom due to processor demand from major tech companies and data centers.
Nvidia surpassed three trillion dollars in market capitalization in 2024 and exceeded five trillion in October 2025, driven by major tech companies investing to develop and train artificial intelligence models.
Huang’s resignation adds uncertainty to the company’s strategy, which has been closely tied to its co-founder for more than three decades. EFE
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