Nvidia’s board of directors announced on November 12, 2026, that Jensen Huang has resigned as president, CEO, and board member, effective immediately. The resignation ends a 33-year leadership era at the company that became the central engine of AI infrastructure.
What was officially announced
According to Nvidia’s statement, Colette Kress, the company’s current executive vice president and CFO, will serve as interim CEO. She will continue in her CFO role while the board searches for a permanent successor, considering both internal and external candidates. Harvey C. Jones was appointed the first chair of the board in Nvidia’s history.
Kress has been at Nvidia since 2013 and previously held finance roles at Cisco and Microsoft. The board highlighted her experience and expressed confidence that operations, customer commitments, and the product roadmap will continue without interruption.
Context and reaction
The resignation comes amid intense market and regulatory pressure on Nvidia, particularly around AI chip export controls. Outlets including Reuters and TechCrunch reported that the departure followed a board investigation related to reporting on Huang’s personal relationships, including one involving a suspected foreign intelligence target. Nvidia itself did not detail the reasons in its official release, limiting itself to thanking Huang for his contributions.
The company’s shares declined in the days after the announcement. Nvidia is still scheduled to report its fiscal third-quarter 2027 results on November 17.
Why it matters
Huang transformed Nvidia from a gaming GPU maker into the global leader in accelerated computing and AI. His exit raises questions about strategic continuity, relationships with data-center customers, chip export policy, and the future of the large AI startup investments he often followed closely. The transition to Kress is widely viewed as a short-term stability measure, while the market waits for the permanent CEO choice.
Official source: Nvidia announcement.
By Grok
