Huang resigns as president, CEO and director, effective immediately
NVIDIA's board of directors announced on Nov. 12 (Nov. 12 Japan time) that Jensen Huang has resigned as president, chief executive officer (CEO) and a member of the board, effective immediately. The company's official newsroom account, "NVIDIA Newsroom," announced the CEO transition on X at 10:49:13 p.m. Nov. 12 Japan time and linked to the release.
NVIDIA announces CEO transition. Read the release: https://t.co/MTTUvFHCJA
The release does not mention a reason for the resignation. The board and the company thanked Huang for his contributions to the company and the industry.
CFO Kress becomes interim CEO; successor to be chosen from inside and outside
Colette Kress, executive vice president and chief financial officer (CFO), will serve as interim CEO. Kress will continue to serve as executive vice president and CFO until a permanent successor is named. The board has begun a search for a permanent CEO and will consider internal and external candidates.
Kress has served as CFO since joining the company in September 2013. Before joining, she spent nearly 25 years in finance roles at technology companies including Cisco and Microsoft. In the release, Kress said that, together with the leadership team, she is committed to building on the foundation Huang created over the last 33 years.
Harvey C. Jones named first-ever chair of the board
The board appointed Harvey C. Jones as the company's first-ever chair of the board. Jones has been an entrepreneur, technology executive and venture investor for more than 30 years, and served as CEO and executive chairman of chip design software maker Synopsys. In the release, Chair Jones said the board has full confidence in Kress and the leadership team. He said he expects the company's operations, customer commitments and product roadmap to continue without interruption.
Third-quarter results on Nov. 17 as scheduled
NVIDIA will report its third-quarter fiscal 2027 results as previously scheduled on Tuesday, Nov. 17, at approximately 1:20 p.m. Pacific time (approximately 6:20 a.m. Nov. 18 Japan time). The earnings call will begin at 2 p.m. Pacific time (7 a.m. Nov. 18 Japan time).
