NVIDIA announced today that Jensen Huang has resigned as president, CEO, and board member, effective immediately.

Colette Kress, NVIDIA’s current executive vice-president and chief financial officer, has agreed to serve as interim CEO. 

Ms Kress will continue to serve as executive vice-president and CFO while serving as Interim CEO until a permanent successor has been named, the tech company said on Thursday. 

The board of directors is initiating a search for a permanent CEO and will consider internal and external candidates.

Ms Kress has served as executive vice-president and CFO of NVIDIA since joining the company in September 2013. 

During her tenure, she has led the company’s finance organisation and has played a key role in NVIDIA’s growth and evolution. Before joining NVIDIA, Kress spent nearly 25 years in finance roles at leading technology companies, including Cisco and Microsoft.

The board appointed Harvey Jones as its first-ever chair of the board.  

Mr Jones has been an entrepreneur, technology executive, and active venture investor for over 30 years, including serving as Chief Executive Officer and Executive Chairman of Synopsys.

“Colette has helped lead NVIDIA through a period of extraordinary growth and has a deep understanding of our business, customers, operations and financial position,” said Mr Jones, chair of the NVIDIA board of directors. “She is supported by an experienced leadership team that has been instrumental in executing NVIDIA’s strategy and advancing its technology roadmap. The Board has full confidence in Colette and the leadership team, and we expect the company’s operations, customer commitments and product roadmap to continue without interruption.”  

“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,” said Ms Kress. “We will continue advancing the work that has made NVIDIA a leader in accelerated computing and AI, and execute on the opportunities ahead. Our focus remains on serving our customers, partners, developers and shareholders.” 

Mr Huang’s contributions to NVIDIA are profound, according to the statement, noting that NVIDIA is one of the most consequential technology companies in the world. 

NVIDIA will report its third-quarter fiscal 2027 financial results on Tuesday.