NVIDIA names interim CEO after Huang resigns
By Liezl GambeKey points
- NVIDIA (NASDAQ:NVDA) CEO Jensen Huang has reportedly resigned effective immediately, according to reports published November 12, 2026, following an investigation into allegations involving a suspected Chinese intelligence operation.
- Chief Financial Officer Colette Kress has reportedly been appointed interim CEO while the board considers internal and external candidates for a permanent replacement.
- The leadership developments have added uncertainty around NVIDIA's management as the company faces scrutiny over national security concerns and its exposure to China's semiconductor market.
NVIDIA (NASDAQ:NVDA) announced that co-founder Jensen Huang resigned as President, Chief Executive Officer and board member effective immediately, appointing Chief Financial Officer Colette Kress as interim CEO.
The departure followed an independent board investigation launched November 8 into reports that Huang had been targeted by a foreign intelligence operation, although the board said it had no reason to believe company secrets or national security were compromised.
"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," said Harvey C. Jones, Chair of the NVIDIA Board of Directors.
Kress will retain her CFO position during the interim appointment, while Harvey C. Jones becomes the company's first-ever board chair and directors begin searching for a permanent CEO from internal and external candidates.
Following the announcement, NVIDIA shares fell more than 10% in premarket trading.
Co-founded by Huang in 1993, NVIDIA developed into a major supplier of graphics processing units and accelerated-computing platforms used in artificial intelligence, gaming and data centers.
The leadership change comes as U.S. export controls restrict sales of advanced NVIDIA processors to China and the company prepares to report fiscal third-quarter 2027 results on November 17, 2026.
