Nvidia CEO Jensen Huang resigns as Colette Kress takes interim charge
The company is searching for a permanent successor after reports of alleged affairs involving the co-founder.
Nvidia co-founder Jensen Huang resigned from his positions as president, chief executive officer, and board member on Thursday, according to reports by the Times of India and Hindustan Times. The company announced that executive vice president and chief financial officer Colette Kress will serve as interim CEO while a search for a permanent replacement is conducted.
The resignation follows reports of two alleged affairs. One report involved an extramarital affair with a senior company executive who reported to Huang, while another involved a Chinese businesswoman suspected by US authorities of spying for Beijing. In a memo to employees on Sunday, Huang acknowledged being unfaithful to his wife and said he took full responsibility.
Nvidia stated that Huang's contributions to the company and the industry were profound. The board of directors met on Wednesday to consider his removal, according to a person familiar with the matter.
Harvey C Jones has been appointed as the first-ever chair of the board. Jones, a technology executive and venture investor, said the board has full confidence in Kress and the leadership team to ensure operations and product roadmaps continue without interruption.
Kress has been with Nvidia since September 2013 and will continue her role as CFO while serving as interim chief executive. The company will consider both internal and external candidates for the permanent role.
Nvidia is scheduled to report its third-quarter fiscal 2027 financial results on Tuesday, November 17.