Nvidia Confirms Jensen Huang's Exit as CZ Criticizes Decision

Binance co-founder and former CEO Changpeng Zhao criticized Nvidia’s decision to accept CEO Jensen Huang’s resignation, as the chipmaker moved to install an interim leader and begin a search.

Nvidia announced Thursday that Huang had resigned as president, CEO and a board member, effective immediately. The board accepted the resignation Nov. 11, and Nvidia announced the transition Nov. 12.

Chief Financial Officer Colette Kress became interim CEO while retaining her CFO role. The board will consider internal and external candidates for a permanent successor.

Nvidia also named Harvey C. Jones its first board chair. Zhao criticized the decision in an X post at 9:38 a.m. ET Thursday.

The company gave no reason for Huang’s departure in its announcement. Separately, Nvidia’s board announced an independent investigation on Nov. 8 and said it had no reason to believe national security or company secrets were compromised. The transition announcement did not connect that inquiry to Huang’s resignation.