Nvidia has announced that Jensen Huang has resigned from his roles as CEO and board member. In response to the departure, the company’s board of directors has appointed Chief Financial Officer Colette Kress to serve as interim CEO while a search for a permanent replacement is conducted.
Leadership Transition
The announcement was shared with employees in a letter from Harvey Jones, who has been named the first-ever Chair of the Board for the company. Jones stated that the search for a permanent successor will evaluate both internal and external candidates to lead the organization.
Kress brings extensive experience to the interim role, having served as Nvidia’s CFO for more than 13 years. Jones described her as a central figure in the company’s capital strategy and growth, noting that she holds a comprehensive understanding of the business and its global markets. The board expressed full confidence in her ability to manage commitments to partners, customers, and shareholders during this transition.
Reflecting on Company Legacy
In the letter, Jones acknowledged the significant impact of Huang’s tenure, stating that his contributions to the company were profound. He highlighted Nvidia’s role as a major force in the technology sector, specifically noting its work in pioneering accelerated computing, developing the modern GPU, and establishing the foundational platform for artificial intelligence.
Jones emphasized that the board remains dedicated to its responsibilities as stewards of the company. He credited the organization’s ongoing success to its technical capabilities, leadership team, and partner ecosystem.
Looking ahead, Jones expressed confidence that the company will continue to expand its business and maintain its industry leadership under Kress’s guidance. He concluded the message by thanking employees for their continued professionalism and commitment to the company.
