Nvidia Names Colette Kress Interim CEO After Jensen Huang Resigns

Nvidia’s board named CFO Colette Kress interim CEO after accepting Jensen Huang’s resignation as president, CEO and a board member. The leadership change affects a company central to the artificial intelligence industry and equity markets.

The board action took effect immediately on Nov. 11. Kress will continue as Nvidia’s executive vice president and chief financial officer while serving as interim CEO. She has held the finance post since 2013.

The board will consider both internal and external candidates for a permanent CEO. Nvidia gave no reason for Huang’s resignation in its announcement.

Kress said: “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.”

Nvidia announced the transition on Nov. 12, a day after the board acted. Kress will lead the company while the board searches for a permanent chief executive and will retain responsibility for its finances during that period.