Jensen Huang steps down as Nvidia CEO; CFO Colette Kress named interim leader

Nvidia's board said on November 12, 2026 that co-founder Jensen Huang has left his posts as president, chief executive and board member, effective immediately. Finance chief Colette Kress will act as interim CEO while keeping her CFO role, and the board has begun a search for a permanent chief executive that will weigh internal and external candidates. The board also created a non-executive chair role for the first time and gave it to Harvey C. Jones, former CEO and executive chairman of Synopsys. The company said operations, customer commitments and the product roadmap should continue without interruption. Coverage tied the move to a New York Times report of a personal relationship involving a Nvidia executive and to the board's independent investigation into a separate matter involving a Megaspeed executive; the company said it has no reason to believe its secrets or national security were compromised. Nvidia still plans to report fiscal third-quarter 2027 results on November 17. Shares fell sharply in early trading on the news, according to press coverage.

1. Jensen Huang resigned as President, CEO and board member, effective immediately (company release, Nov 12, 2026).
2. Colette Kress, EVP and CFO, appointed Interim CEO and will remain CFO until a permanent successor is named.
3. The board is searching for a permanent CEO and will consider internal and external candidates.
4. Harvey C. Jones appointed the first-ever Chair of the Board.
5. The company said operations, customer commitments and product roadmap are expected to continue without interruption.
6. Nvidia will report fiscal Q3 2027 results on Tuesday, November 17, 2026, as previously scheduled.
7. Benzinga reported NVDA down about 12% at 9:46 AM ET on Nov 12, 2026 after the announcement; Forbes cited a roughly 10% drop at the open.
8. Forbes reported the resignation followed reports the board had been preparing to remove Huang amid scrutiny of his personal relationships.