Nvidia CEO Jensen Huang resigns following reports of extramarital affairs
Chief financial officer Colette Kress will serve as interim chief executive while the board searches for a permanent successor.
Nvidia CEO Jensen Huang resigned as president, chief executive officer, and board member on Thursday, November 12, 2026, according to reports from The Hindu and Times of India. The resignation follows allegations of two extramarital affairs, including one involving a businesswoman suspected by US authorities of spying for Beijing.
The company's board of directors announced that Colette Kress, the current executive vice president and chief financial officer, will serve as interim CEO. Kress will continue her finance role while the board initiates a search for a permanent successor, considering both internal and external candidates.
Huang, who co-founded the company and holds a 3.61 per cent stake, will also step down from the board. The resignation comes after reports that Huang was involved in an affair with a senior company executive who reported directly to him.
The Hindu reported that one alleged affair involved Alice Huang, a tech executive suspected of spying for China. Megaspeed, a company linked to Alice Huang, stated on November 12 that it takes its obligation to comply with US export control laws extremely seriously.
Nvidia shares plunged 10 per cent in premarket trading on Thursday following the news. The company is scheduled to report its third-quarter fiscal 2027 financial results on Tuesday, November 17, at approximately 1:20 pm.