Jensen Huang resigns as Nvidia CEO; CFO Colette Kress named interim chief
Nvidia said Huang stepped down as president, CEO and director, effective immediately, and gave no reason. CFO Colette Kress is interim CEO.
By KreatorFlow News
Updated 1 min3 sources
Nvidia said Jensen Huang has resigned as president, chief executive and board director, effective immediately, 33 years after he co-founded the company. Chief financial officer Colette Kress is interim CEO.
What happened
Kress keeps her roles as executive vice president and CFO until a permanent successor is named.
Harvey C. Jones, a director since 1993 and a former CEO of Synopsys, was named Nvidia's first board chair. "The Board has full confidence in Colette and the leadership team," Jones said.
The board is searching for a permanent CEO and will consider internal and external candidates.
The company's release did not give a reason for the resignation.
Results and shares
Nvidia still plans to report fiscal third-quarter results on November 17. CNBC's live blog reported that the shares fell about 10% on the news.
Why it matters for creators
Nvidia GPUs power nearly every AI video and image model, so a leadership change at the company is watched closely for any effect on compute supply and pricing.
Nvidia has not announced any change to its products or plans. The next scheduled update is the November 17 results.
Sources
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