Nvidia CEO Jensen Huang Steps Down, CFO Colette Kress Appointed Interim Chief

Nvidia announced a major leadership shakeup on Tuesday as the company revealed that Jensen Huang has stepped down from his roles as President, Chief Executive Officer, and member of the Board of Directors, effective immediately. The board has appointed Colette Kress, who has served as Executive Vice President and Chief Financial Officer since 2013, to act as interim CEO while a search for a permanent successor is conducted.

Kress brings nearly 25 years of prior tech industry finance experience at major firms including Microsoft and Cisco. In addition to the executive transition, the board named Harvey C. Jones as its inaugural Chair of the Board. Jones brings decades of tech executive and venture investing background, including previous leadership at Synopsys.

Board leadership expressed full confidence in Kress and the existing executive team, emphasizing that ongoing customer commitments, operations, and the core product roadmap will proceed without interruption. Kress acknowledged Huang's foundational 33-year legacy in building the chipmaker into an accelerated computing and artificial intelligence titan, noting her commitment to maintaining strategic momentum alongside the broader leadership team.

The semiconductor giant confirmed that its scheduled third-quarter fiscal 2027 financial results and subsequent earnings call will proceed as planned on Tuesday, November 17.

What to watch next: Monitor the board's timeline for finding a permanent CEO and listen for any strategic updates during the upcoming November 17 earnings call.