Nvidia Announces Jensen Huang Resignation as CEO; CFO Colette Kress Named Interim Chief

• Dispatched: Nov 12, 2026 · 09:08 ET (14:08 UTC)

One-sentence summary: Nvidia's board announced on November 12 ET that Jensen Huang has resigned as president, chief executive officer and a member of the board, effective immediately, ending 33 years at the helm; Chief Financial Officer Colette Kress will serve as interim CEO, Harvey C. Jones has been appointed the company's first-ever board chair, and the board has begun a search for a permanent successor.

Verification status: ✓ Official first-hand disclosure (Nvidia press release via GlobeNewswire; cross-confirmed by Reuters and other major outlets)

Core Facts & Consensus Delta:

• Announced 2026-11-12 08:48 ET / 13:48 UTC. Huang resigned as president, CEO and board member, effective immediately; the release gave no reason for the departure and thanked him for 33 years of contributions.
• Colette Kress will serve as interim CEO while retaining her roles as executive vice president and CFO; the board said it has "full confidence in Colette and the leadership team" and that operations, customer commitments and the product roadmap will continue without interruption.
• Harvey C. Jones, former Synopsys CEO and a current director, was appointed the company's first-ever chair of the board; the board has initiated a search for a permanent CEO and will consider internal and external candidates.
• Market context: the stock closed at $173.73 on November 11 and fell about 8% after hours to roughly $159.6; Reuters reported shares fell more than 10% in premarket trading after the announcement on November 12, and the company has shed roughly $600 billion in market value this week.

Supply-Chain & Market Read-Through:

• Leadership continuity is the first variable: about 60 executives reported directly to Huang and he had never publicly named a successor, so decision-making pace and continuity in customer communication during the transition will be closely watched. Kress is a long-serving CFO who knows the company's finances and operations, and Jones's appointment as chair strengthens board governance.
• For HBM and memory makers, Nvidia is the largest demand anchor for SK hynix (KRX: 000660), Samsung Electronics (KRX: 005930), Micron (MU) and other suppliers. A CEO change by itself does not alter locked-in HBM orders or capacity allocations, but continuity in the next-generation platform roadmap and customer commitments will be a focus for verification.
• The regulatory track continues: no House subpoena has been issued and the closed-door briefing on November 18 remains on the calendar; a shareholder class action was filed on November 9, and the board's independent investigation has not yet reported its findings.

Next Catalysts & Watchpoints:

1. Nvidia's fiscal Q3 results and earnings call after the close on November 17 (release around 16:20 ET / 21:20 UTC, call at 17:00 ET / 22:00 UTC), Kress's first appearance before the market as interim CEO.
2. The November 18 closed-door House briefing and subpoena developments, plus the board's permanent-successor search and the independent investigation's conclusions.

Sources:

• NVIDIA Announces CEO Transition (Published: 2026-11-12 08:48 ET / 13:48 UTC)
• Nvidia CEO Jensen Huang to step down in big blow to AI boom (Reuters)

Information only, not investment advice.