Nvidia CEO Jensen Huang Resigns, CFO Colette Kress Takes Interim Role
Nvidia announced that Jensen Huang has resigned as CEO and left the board with immediate effect, ending more than 33 years at the helm. CFO Colette Kress becomes interim CEO while retaining her finance role, and director Harvey Jones becomes the company's first board chair. The exit came three days after the board opened an outside probe into reports that Huang was a foreign intelligence target; shares fell about 10% pre-market, extending two-week losses to roughly $1.4 trillion. The next CEO will oversee over $100 billion in investments, including a planned $10 billion purchase of Anthropic shares at its IPO.
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Rohan Paul (@rohanpaul_ai) · 2026-11-12 14
WSJ: Nvidia named finance chief Colette Kress interim CEO after Jensen Huang resigned with immediate effect.
Kress, 59, keeps her CFO role while the board weighs internal and external successors. Before Nvidia, she held finance roles at Cisco, Microsoft and Texas Instruments
Recently, Kress has defended Nvidia’s customer backstops against charges of circular financing.
↳ 引用 @rohanpaul_ai (Rohan Paul): Jensen Huang resigned as Nvidia’s CEO and left its board, ending more than 33 years running the company.
Finance chief Colette Kress becomes interim CEO, and director Harvey Jones becomes Nvidia’s first-ever board chair.
The exit came 3 days after the board opened an outside probe into reports that Huang was a foreign intelligence target.
US officials suspect Alice Huang, with whom he had an affair, of spying for China while working at a firm that moved restricted Nvidia chips there.
Further, yesterday, The New York Times reported a second affair, with an executive who reported directly to him.
Shares fell about 10% before the open, which would lift 2 weeks of losses to roughly $1.4T.
Huang had resisted succession planning, so he leaves dozens of direct reports, no clear No. 2 and an earnings call next week.
Nvidia’s next CEO will oversee its $100B of investments in other companies, including a planned $10B purchase of Anthropic shares when it goes public next week.
