Effective Immediately, Jensen Huang has resigned from Nvidia
Nvidia confirms CEO transition as Jensen Huang resigns from the company
Nvidia’s Board of Directors has announced that Jensen Huang has resigned as the company’s President, Chief Executive Officer, and a member of the Board, effective immediately. This comes amid the revelation of several scandals, which include two extramarital affairs, one of which was with an alleged Chinese spy.
Jensen Huang is one of Nvidia’s co-founders and has led the company since its inception. Without Jensen Huang, there would be no Nvidia. While he has turned Nvidia into a computational giant, his career has ended amid scandal. Huang is due to appear before national security and foreign affairs officials in the U.S. Congress next week, where more details of his deals with Alice Huang, the alleged Chinese spy, may come to light.
Jensen Huang has also reportedly had an extramarital affair with Kimberly Powell, Nvidia’s vice president of health care. This company director reported directly to Jensen. While this affair damages Jensen Huang’s reputation, it is his affair with Alice Huang, and its potential implications, that have done the most damage to the (now former) CEO’s reputation.
For now, Nvidia’s Colette Kress, the company’s current Executive Vice President and Chief Financial Officer, has agreed to serve as the company’s Interim Chief Executive Officer. This position will remain until Nvidia finds a suitable successor. The board has already begun searching for a new permanent CEO.
Below is Nvidia’s press release on Jensen Huang’s resignation.
NVIDIA (NASDAQ: NVDA) Board of Directors announced today that Jensen Huang has resigned as President, Chief Executive Officer, and a member of the Board, effective immediately.
Colette Kress, current Executive Vice President and Chief Financial Officer of NVIDIA, has agreed to serve as Interim Chief Executive Officer. Kress will continue to serve as Executive Vice President and Chief Financial Officer while serving as Interim Chief Executive Officer until a permanent successor has been named. The Board is initiating a search for a permanent Chief Executive Officer and will consider internal and external candidates.
Kress has served as Executive Vice President and Chief Financial Officer of NVIDIA since joining the company in September 2013. During her tenure, she has led the company’s finance organization and has played a key role in NVIDIA’s growth and evolution. Prior to joining NVIDIA, Kress spent nearly 25 years in finance roles at leading technology companies, including Cisco and Microsoft.
The Board of Directors appointed Harvey C. Jones as its first-ever Chair of the Board. Mr. Jones has been an entrepreneur, technology executive, and active venture investor for over 30 years, including serving as Chief Executive Officer and Executive Chairman of Synopsys.
“Colette has helped lead NVIDIA through a period of extraordinary growth and has a deep understanding of our business, customers, operations and financial position,” said Harvey Jones, Chair of the NVIDIA Board of Directors. “She is supported by an experienced leadership team that has been instrumental in executing NVIDIA’s strategy and advancing its technology roadmap. The Board has full confidence in Colette and the leadership team, and we expect the company’s operations, customer commitments and product roadmap to continue without interruption.”
“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,” said Colette Kress, Interim CEO and CFO, NVIDIA. “We will continue advancing the work that has made NVIDIA a leader in accelerated computing and AI, and execute on the opportunities ahead. Our focus remains on serving our customers, partners, developers and shareholders.”
Jensen’s contributions to NVIDIA are profound. NVIDIA is one of the most consequential technology companies in the world. The Board and the company thank Jensen for his immeasurable contributions to the company and the industry.
NVIDIA will report its third-quarter fiscal 2027 financial results on Tuesday, November 17, at approximately 1:20 p.m. PT, as previously scheduled, followed by its earnings call at 2 p.m. PT.
– Nvidia
So far, Jensen Huang has not released a statement about his resignation. It is unclear how this resignation will affect the “AI bubble” or Nvidia going forward. Could his resignation “pop” the AI bubble, or will AI investment continue as normal?
While Huang led Nvidia to greatness, he leaves the company amid a series of scandals. With many stories about Huang still developing, it remains unclear what his legacy will be. Yes, he turned Nvidia into a gaming giant (and then an AI colossus), but his departure has not left the company in good standing.
One thing’s for certain: more will come to light in time. Two extramarital affairs wouldn’t be enough to take down a CEO as successful and vital as Jensen Huang. Are more scandals to come? Probably. We will likely learn a lot more over the next few days or weeks.
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