Nvidia lauds Jensen Huang’s ‘profound’ contributions; says search for permanent CEO underway

Nvidia has thanked Jensen Huang for his “profound” contributions to the company following his resignation as the chief executive officer on Thursday, assuring that its operations, customer commitments and product roadmap will continue without interruption.

“Board of directors announced today that Jensen Huang has resigned as president, chief executive officer, and a member of the board, effective immediately. Colette Kress, current executive vice president and chief financial officer of Nvidia, has agreed to serve as interim chief executive officer,” the statement said.

Also Read | Nvidia shares plunge nearly 10% after Jensen Huang’s exit as CEO Huang's resignation came after reports of his alleged extramarital affairs, including one involving a woman suspected of being a Chinese spy. In a memo to Nvidia employees on Sunday, acknowledged being unfaithful to his wife and “took full responsibility.” “Jensen's contributions to Nvidia are profound.

Nvidia is one of the most consequential technology companies in the world. The board and the company thank Jensen for his immeasurable contributions to the company and the industry,” the company said in the statement. Nvidia said it will report its third-quarter fiscal 2027 financial results on Tuesday, November 17, at approximately 1.20 pm PT, as previously scheduled, followed by its earnings call at at 2 pm, PT.

Colette Kress, who has served as the executive vice president and chief financial officer since joining Nvidia in September 2013, will take charge as the interim CEO. During her tenure, she has led the company's finance organiaation and has played a key role in Nvidia's growth and evolution, the company statement said.

Prior to joining Nvidia, Kress spent nearly 25 years in finance roles at leading technology companies, including Cisco and Microsoft. The board of directors also appointed Harvey C Jones as its first-ever chair. Also Read | Nvidia board working with outside firm to identify CEO Jensen Huang's replacement after reports of multiple affairs: Report On the leadership transition, Kress said, “Nvidia's strength has always come from its people, and together with our leadership team, I am committed to building on the extraordinary foundation Jensen created over the last 33 years.” She said the leadership would continue “advancing the work that has made Nvidia a leader in accelerated computing and Al, and execute on the opportunities ahead.” Kress said their focus would remain on serving customers, partners, developers and shareholders.

Jones said Kress had taken Nvidia through “a period of extraordinary growth”, while highlighting her understanding of the company's business, customers, operations and financial position. “She is supported by an experienced leadership team that has been instrumental in executing Nvidia's strategy and advancing its technology roadmap,” Jones said, while expressing confidence in Kress's leadership.

The chair of the board of directors assured that the company's operations, customer commitments and product roadmap would “continue without interruption.” Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times.

Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs.

The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals.

The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources.

Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.Read More