Nvidia has announced a major leadership change as co-founder and CEO Jensen Huang resigned from his positions as president, chief executive officer, and board member with immediate effect on November 12.
The development comes amid growing controversy surrounding reports of Huang’s alleged relationships with two women, including one reportedly suspected of having links to Chinese intelligence. The allegations had triggered intense scrutiny of the company’s leadership and governance.
Nvidia’s board has appointed Colette Kress, the company’s Executive Vice President and Chief Financial Officer, as interim CEO. She will continue managing the finance division while leading the company until a permanent successor is appointed.
Kress joined Nvidia in September 2013 and previously held senior financial positions at Microsoft and Cisco. She has played a significant role in the company’s expansion during the artificial intelligence boom.
The board has also appointed Harvey C. Jones as Nvidia’s first-ever chairman and initiated a search for a permanent CEO.
Despite the leadership shake-up, Nvidia has said its business operations, customer commitments and product roadmap will continue without interruption.
The company is scheduled to announce its third-quarter fiscal 2027 results on November 17.