Nvidia has removed Jensen Huang from his post as CEO, and he has also left the company’s board of directors. Interim management of the company has passed to CFO Colette Kress. The Board of Directors has already begun the search for a permanent successor and intends to consider both internal and external candidates. The reason for his resignation was scandals surrounding Huang’s personal life and an investigation into threats to US national security.
Image source: Nvidia
Nvidia announced personnel changes on November 12. Kress will retain the position of executive vice president and chief financial officer, combining it with the responsibilities of interim CEO until a permanent leader is appointed. She has been with Nvidia since September 2013 and previously spent nearly 25 years in finance roles at major technology companies, including Cisco and Microsoft.
Harvey C. Jones has been appointed Chairman of the Board of Directors of Nvidia for the first time in the company’s history. He has over 30 years of experience in entrepreneurship, technology management and venture capital investing. Jones previously served as CEO and executive chairman of Synopsys.
Nvidia emphasized that it expects the company to operate uninterruptedly, fulfill its obligations to customers and adhere to its product release schedule. Jones said the board has full confidence in Kress and the current management team. The temporarily appointed head of the company herself promised to continue implementing Nvidia’s strategy in the field of accelerated computing and artificial intelligence.
Huang founded Nvidia in 1993 and led the company for 33 years. The board of directors thanked him for his contribution to the development of the company and the entire technology industry.
Nvidia also confirmed that it will report financial results for the third quarter of fiscal 2027 on November 17, as previously planned.
Recall that the scandal surrounding Huang erupted earlier this month after publications about his relationship with Alice Huang, the former head of the Singaporean company Megaspeed. American authorities suspect her of connections with Chinese intelligence. Jensen Huang admitted to adultery. In addition, yesterday five former Nvidia employees told reporters about a possible romantic relationship between the head of the company and Kimberly Powell, Nvidia’s vice president of healthcare.
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