Jensen Huang resigns as Nvidia CEO; Colette Kress takes over temporarily

Nvidia announced on 12 November 2026 that Jensen Huang had resigned as president, chief executive and a board member. A filing with the U.S. Securities and Exchange Commission says the board accepted his resignation on 11 November, with immediate effect. Finance chief Colette Kress will lead the company temporarily while continuing to serve as CFO.

Kress has held Nvidia’s top finance role since 2013. The board will consider internal and external candidates for a permanent successor. It also appointed Harvey C. Jones as the company’s first board chair. The changes put responsibility for day-to-day leadership and board oversight in separate hands during the search.

The announcement follows Nvidia’s decision on 8 November to open an independent investigation into reports that Huang had been targeted by a foreign intelligence effort. That inquiry was already public. The new development is his departure and the appointment of interim leadership. The resignation announcement provides no findings from the investigation.

The transition matters beyond Nvidia’s shareholders because its computing systems underpin the training and operation of AI models. Cloud providers, model developers and businesses planning AI deployments depend on equipment suppliers’ delivery schedules and technical support. For those customers, the practical question is how the new leadership maintains commitments while a permanent chief executive is selected.

The Associated Press reported that Nvidia shares closed about 4% lower on Thursday, after a sharper initial fall. The board said it expects operations, customer commitments and the product roadmap to continue without interruption. That statement sets out management’s intended continuity; it does not establish how the transition will affect future commercial decisions or demand.

Nvidia says its next quarterly results remain scheduled for 17 November. Those results and subsequent company updates will give customers and investors a clearer basis for assessing the transition. The immediate change is in who leads a central supplier to the AI industry. Any wider effects on computing capacity, partnerships or investment will depend on decisions that follow, rather than the leadership announcement alone.