SANTA CLARA, California — Nvidia has announced a major leadership change after co-founder Jensen Huang resigned as president and chief executive officer, ending his 33-year leadership of the semiconductor company.
In an announcement published on November 12, 2026, Nvidia confirmed that its board had accepted Huang's resignation, effective immediately. The company appointed its executive vice president and chief financial officer, Colette Kress, as interim CEO while it searches for a permanent successor.
The development marks a significant moment for Nvidia, one of the world's most influential technology companies and a central supplier of processors used in artificial intelligence systems.
Colette Kress appointed interim CEO
Kress will continue serving as Nvidia's executive vice president and CFO while taking on the interim chief executive role. She joined the company in September 2013 and has led its finance organisation during a period of substantial growth.
According to Nvidia, the board has begun a search for a permanent CEO and will consider both internal and external candidates.
The board also appointed Harvey C. Jones as its first-ever chair. Jones has served on Nvidia's board since 1993 and brings decades of experience in technology management and investment.
A major change for the AI industry
Huang co-founded Nvidia in 1993 and played a central role in transforming the company from a graphics-chip manufacturer into a major provider of accelerated computing and artificial intelligence technology.
Nvidia's graphics processing units and computing platforms are widely used by technology companies, cloud providers and developers building AI systems. Its products have become an important part of the infrastructure supporting the global expansion of artificial intelligence.
His departure therefore raises questions about the company's future leadership, strategic direction and ability to maintain its position in a highly competitive technology market.
What happens to Nvidia's business operations?
Nvidia's board has expressed confidence in Kress and the company's existing leadership team. The company said it expects operations, customer commitments and its product roadmap to continue without interruption during the transition.
Nvidia also confirmed that its third-quarter fiscal 2027 financial results announcement would remain scheduled for November 17, 2026.
Investors and industry observers will be watching the company's upcoming financial results and leadership search for indications of how Nvidia plans to maintain its growth and competitive position.
What to watch next
The board's search for a permanent chief executive will be a key development for Nvidia. Kress's interim leadership will also be closely watched as the company continues to navigate demand for AI computing, competition in the semiconductor sector and changing technology markets.
For the wider AI industry, the leadership transition represents a significant change at a company whose technology has helped shape the current generation of artificial intelligence infrastructure.
Sources and further reporting
