NVIDIA founder and CEO Jensen Huang announced his resignation on November 12, stepping down immediately from his roles as president, CEO, and board member. The company’s CFO, Colette Kress, has been promoted to interim CEO and will retain her position as CFO while the search for a permanent successor is underway.
Leadership Transition Arrangements
The board of directors also appointed Harvey C. Jones as the company’s first chairman. Kress will retain his position as chief financial officer while serving as interim CEO, and the board is considering both internal and external candidates for the permanent CEO position.
Impact on Company Operations
This move comes at a critical time for Nvidia, a global leader in the chip industry. During the leadership transition, Kress will oversee the company’s day-to-day operations while fulfilling his financial responsibilities, and the board has launched a formal search process to find a permanent CEO.
Further Reading
- AI and Tech Stocks Fall Across the Board; Nvidia CEO's Outlook Draws Attention
- Nvidia's Stock Plummets; CEO Huang Reportedly Ousted by the Board
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