The chipmaker’s co-founder is leaving the board as well. Its finance chief will lead during a search for a permanent successor.
Read the storyNovember 12, 2026, 9:48 a.m. Central time.
Nvidia co-founder Jensen Huang has resigned as president, chief executive and a member of the board, effective immediately, the company announced Thursday.
Chief financial officer Colette Kress will serve as interim CEO while retaining her finance role, Nvidia said. The board will consider internal and outside candidates for a permanent successor.
Kress joined Nvidia as chief financial officer in 2013, following finance roles at Cisco and Microsoft. The company also appointed director Harvey C. Jones as its first chair of the board.
The board said it expects the company’s operations, customer commitments and product plans to continue. Nvidia said its quarterly earnings announcement remains scheduled for November 17.
The resignation follows reports about Huang’s relationship with a businesswoman U.S. officials suspect of acting for Chinese intelligence, and separate reporting about another relationship, according to the Associated Press. Huang has acknowledged being unfaithful to his wife.
Nvidia previously said it had no reason to believe national security or its confidential information had been compromised. Its independent directors retained outside counsel to investigate; an allegation or investigation is not proof that information was improperly disclosed. The transition announcement did not explain the precise reason for Huang’s departure.
Earlier Newstro coverage described the board’s investigation; this article reports the subsequent leadership change.
Huang co-founded Nvidia in 1993 and led it as demand for its chips expanded with the growth of artificial intelligence. Kress’s appointment is temporary, and the company has not named a permanent replacement.
The Associated Press reported that Nvidia shares fell sharply at Thursday’s opening bell. Prices can change throughout the trading day.
1993: Nvidia was founded. 2013: Kress joined as chief financial officer. November 8, 2026: Nvidia announced an independent investigation. November 10: Independent directors named outside counsel. November 12: Nvidia announced Huang’s resignation and Kress’s interim appointment. Dates are U.S. local dates.
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