# Nvidia CEO Jensen Huang Resigns as Shares Fall 10.29% at Open

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/55717
Published: 2026-11-12T17:52:36.000Z
Updated: 2026-11-12T17:52:36.000Z
Section: Business

> CFO Colette Kress will serve as interim CEO while the board searches for a permanent successor. Harvey C. Jones was named the company's first chairman.

Nvidia said on Nov. 12 that its board accepted CEO Jensen Huang's resignation as president, chief executive and director, effective immediately. Chief Financial Officer Colette Kress was named interim CEO and will keep her finance role while directors search for a permanent successor inside or outside the company.

The board also named Harvey C. Jones as Nvidia's first chairman. Jones has served on the board since 1993. He said directors expect Nvidia's operations, customer commitments and product roadmap to continue without interruption.

Nvidia shares opened at $155.86 on Nov. 12, down 10.29% from the previous close of $173.73. The stock's premarket decline had reached 10.56%. The opening price showed the drop at the start of regular U.S. trading.

Huang co-founded Nvidia in 1993 and helped build it from a gaming graphics card company into a major supplier of AI chips. The board gave no reason for Huang's departure. Nvidia's third-quarter results remain scheduled for Nov. 17, with a conference call at 5 p.m. ET (22:00 UTC).