Tech · Market move
Jensen Huang Is Out at Nvidia After 33 Years
CFO Colette Kress becomes interim CEO, and Nvidia names the first chair of its board as the hunt for a successor begins.
Kunkafa News · Published · 2 min read
By Kareem FaridDiscuss with the author on X
Key points
- Jensen Huang resigned as president, CEO and board member, effective immediately.
- Chief financial officer Colette Kress is interim CEO and keeps her CFO role.
- Harvey C. Jones becomes the first chair of Nvidia’s board.
The board announced the change on Thursday, Nvidia said in a statement. It has started a search for a permanent chief executive and is considering internal and external candidates. Nvidia gave no reason for the resignation.
The move came a day after reports that the board was preparing to remove him, which had already knocked the shares lower, according to CNN.
Huang co-founded Nvidia and led it from a graphics-chip maker to the main supplier of the chips behind the AI boom.
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