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Nvidia’s board of directors announced on 12 November that Jensen Huang has resigned as president, chief executive officer and board member, ending his tenure at the company he built into the world’s most valuable chipmaker. The board said it had accepted his departure and expressed gratitude for his contributions to Nvidia and the broader technology industry.
Colette Kress, Nvidia’s executive vice president and chief financial officer, will serve as interim chief executive while the board searches for a permanent successor. The board said candidates from inside and outside the company are under consideration. Kress will continue to hold her existing roles as executive vice president and CFO alongside the interim CEO title.
Kress joined Nvidia in September 2013 and has led the company’s financial operations throughout its rise to dominance in artificial-intelligence hardware. Before Nvidia, she spent nearly 25 years in senior finance roles at Cisco and Microsoft.
In a separate appointment, the board named Harvey C. Jones as its first-ever independent chair — a newly created position in Nvidia’s governance structure. Jones has more than 30 years of experience as an entrepreneur, technology executive and venture investor, including stints as chief executive and executive chairman of Synopsys.
News of Huang’s departure sent Nvidia shares down 13%, erasing enough market value to push the company’s capitalisation below $4 trillion for the first time since July 2025. Nvidia had held the title of the world’s most valuable publicly traded company.
Huang’s exit follows weeks of scrutiny over his personal conduct. Earlier reporting had raised questions about his position at the company, and the Uzbek-language outlet Xabar.uz noted that a prior article had flagged that his tenure was under pressure before the formal announcement.