Nvidia announced on November 12, 2026, that co-founder and longtime CEO Jensen Huang has resigned as President, Chief Executive Officer, and a member of the Board, effective immediately.
The board appointed Colette Kress, Executive Vice President and Chief Financial Officer, as interim CEO. Kress, who joined Nvidia in September 2013, will continue in her CFO role while serving as interim chief until a permanent successor is named. The company is initiating a search that will consider both internal and external candidates.
Harvey C. Jones, a longtime board member and former CEO and executive chairman of Synopsys, was appointed as Nvidia’s first-ever Chair of the Board.
In the official announcement, board chair Harvey Jones expressed full confidence in Kress and the leadership team, stating that operations, customer commitments, and the product roadmap are expected to continue without interruption. Kress said she is committed to building on the foundation Huang created over 33 years, with a focus on customers, partners, developers, and shareholders. The board thanked Huang for his “profound” and “immeasurable” contributions to Nvidia and the industry.
The resignation follows recent reports of extramarital affairs involving Huang. He had admitted to being unfaithful after reports of a relationship with Alice Huang (no relation), a businesswoman U.S. authorities have alleged is a Chinese intelligence asset. Additional reporting described a relationship with Kimberly Powell, Nvidia’s vice president of healthcare and a direct report. Nvidia’s board had opened an investigation earlier in the month and met amid the developments.
Huang, 63, co-founded Nvidia in 1993 and led it through its transformation from a graphics-chip company into a roughly $4 trillion centerpiece of the artificial intelligence boom. Shares fell sharply on the news—reports cited drops of roughly 10% or more in early trading—extending significant market-value losses in recent weeks as the scandal unfolded. Nvidia is scheduled to report third-quarter fiscal 2027 results on November 17 as previously planned.
The company emphasized continuity, but the sudden exit of the executive long synonymous with Nvidia’s rise introduces uncertainty around leadership, strategy, and investor confidence at a pivotal moment for AI infrastructure.
SOURCES:
Jensen Huang Resigns as Nvidia CEO After Affairs: Live Updates – The New York Times
Nvidia CEO Jensen Huang resigns over scandal and is replaced by CFO Colette Kress on interim basis – follow live
Jensen Huang Said to Have Had Relationship With Nvidia Executive Who Reports to Him – The New York Times
Congressional Stock-Trading Ban Advocate Ro Khanna, Spouse Sold Nvidia Shares At Peak Before Spy Scandal Emerged
NVIDIA Announces CEO Transition | NVIDIA Newsroom
