NVIDIA has officially announced the resignation of Jensen Huang from his positions as president, CEO, and member of the board of directors. This was stated in a press release published on the company's website. The announcement of the personnel changes coincided with increasing public pressure on the 63-year-old executive, who, according to several publications, has become the center of a scandal involving personal relationships and allegations of ties to a person US intelligence services consider a Chinese intelligence agent.
Who will lead the company temporarily
Colette Kress, who has served as executive vice president and chief financial officer (CFO) of NVIDIA since 2013, has been appointed interim CEO. According to the company's statement, she will continue to perform her financial duties in parallel with managing the business until the board of directors determines a permanent successor. NVIDIA emphasized that both internal and external candidates are being considered for this role.
First ever Chairman of the Board
The board of directors has also introduced a new position within the company — Chairman of the Board — which Harvey Jones has taken for the first time in NVIDIA's history. According to sources, he has over 30 years of experience as an entrepreneur and technology investor and previously led Synopsys as CEO and executive chairman. Jones stated that the company has "full confidence in Colette Kress and the experienced management team," and that operational activities, commitments to customers, and the technology roadmap will "continue without interruption."
Context: scandal and market reaction
The personnel changes took place against the backdrop of a public scandal. Major media outlets previously reported on the "romantic entanglements" of the NVIDIA chief with a woman who, according to US intelligence, is considered a Chinese intelligence agent. Jensen Huang subsequently admitted to marital infidelity and apologized to his family and the company's employees. In pre-market trading, NVIDIA shares reportedly lost more than 10%, putting pressure on the entire market. Huang is one of the company's co-founders and its fourth-largest shareholder with a stake of approximately 3.61%.
What's next: report and search for a successor
Colette Kress noted the importance of preserving the legacy that Huang built over the last 33 years and expressed her intention to "continue to develop the company's leadership in the field of AI and accelerated computing." Amid the personnel reshuffle, NVIDIA confirmed that it will report its financial results for the third quarter of fiscal year 2027 as planned next Tuesday, November 17. The board of directors has already begun the process of searching for a permanent leader to ensure strategic continuity at a time when the artificial intelligence industry is losing one of its key public figures.
