$NVDA · NVIDIA CORP
NVIDIA's Board accepted the immediate resignation of founder-CEO Jen-Hsun Huang as President, CEO and Board member on November 11, 2026. CFO Colette M. Kress, 59, was appointed interim CEO while continuing as CFO, and the Board is searching for a permanent successor considering internal and external candidates. Harvey C. Jones, 73, a director since 1993, was named the company's first-ever Chair of the Board.
- Jensen Huang resigned as President, CEO and Board member effective immediately.
- Colette Kress, CFO since 2013, named interim CEO while retaining the CFO role.
- Harvey C. Jones, a director since 1993, appointed NVIDIA's first-ever Board Chair.
- Board will consider internal and external candidates for permanent CEO.
- Q3 fiscal 2027 results scheduled for November 17, 2026, as previously planned.
Shares rose 2.87% to $173.73 in regular trading, suggesting investors view the orderly transition and Kress's continuity as reassuring despite the abrupt founder departure.
The founder-CEO of the world's most valuable chipmaker stepping down with no permanent successor is a defining governance moment for the AI sector.
A founder-CEO exit at a $4.19T AI leader is a rare governance event; the market's muted positive reaction reflects confidence in the deep bench and product roadmap continuity.
The abrupt, immediate nature of Huang's resignation and the absence of a permanent successor create execution and strategic uncertainty during a pivotal AI growth period.