Jensen Huang Resigns as Nvidia CEO, CFO Colette Kress Named Interim Chief

IT之家 November 12 news: After Jensen Huang resigned as President, Chief Executive Officer, and member of the Board of Directors of NVIDIA, Harvey Jones, who became the first Chair of NVIDIA's Board of Directors, issued an internal memorandum to NVIDIA employees.

Jones has more than 30 years of experience in entrepreneurship, technology company management, and venture capital, and previously served as CEO and Executive Chairman of Synopsys.

Reuters obtained a copy of the memorandum. IT之家's translation is as follows:

Dear NVIDIA Employees: I am writing to inform you of an important decision. Jensen Huang has resigned as Chief Executive Officer and member of the Board of Directors, and the Board has appointed Chief Financial Officer (CFO) Colette Kress as interim Chief Executive Officer; at the same time, the Board will select a permanent successor from both internal and external candidates. I will serve as the company's first-ever Chair of the Board. During her more than 13 years as Chief Financial Officer, Colette has been one of the key architects of NVIDIA's business growth and capital strategy. She has an extremely deep understanding of the company's business and the markets in which it operates. The Board has full confidence in Colette and believes she can lead the company in fulfilling its commitments to shareholders, customers, partners, and every employee. Jensen Huang made profound contributions to NVIDIA. NVIDIA is one of the most influential technology companies in the world. We pioneered accelerated computing, defined the modern GPU, and built the core platform driving the development of artificial intelligence. The Board deeply recognizes its responsibility and will diligently fulfill its duties to protect this great company. NVIDIA's source of strength lies in all of its employees, its leadership team, its technological strength, and its partner ecosystem. I firmly believe that under Colette's leadership and with the full support of the Board, the company's business will continue to grow and continue to lead the industry forward. Thank you for your focus, professionalism, and firm dedication to NVIDIA. Harvey Jones Chair, NVIDIA Board of Directors

Dear NVIDIA Employees, I am writing to share an important update. Jensen has resigned as CEO and Board Member, and the Board has asked our Chief Financial Officer Colette Kress to serve as interim CEO while it conducts a search for a permanent successor looking at both internal and external candidates. I will serve as the first-ever Chair of the Board. As CFO for over 13 years, Colette has been a key architect of NVIDIA’s growth and capital strategy. She possesses a deep understanding of this business and the markets in which we operate. The Board has full confidence in Colette to deliver on our commitments to shareholders, customers, partners, and to each of you. Jensen’s contributions to NVIDIA are profound. NVIDIA is one of the most consequential technology companies in the world. We pioneered accelerated computing, defined the modern GPU, and built the platform that powered artificial intelligence. The Board takes seriously our duty as stewards of this great company. The strength of this company resides in our employees, leadership team, technical strength and partner ecosystem. I am confident that under Colette’s leadership, with the full support of the Board, we will continue to grow our business, and lead the industry forward. Thank you for your focus, your professionalism, and your commitment to NVIDIA. Harvey Jones Chair, NVIDIA Board of Directors