Nvidia co-founder Jensen Huang has resigned effective immediately. CFO Colette Kress will lead Nvidia while the board searches.
Nvidia announced Thursday that Jensen Huang has resigned as president, chief executive and board member, effective immediately. The move ends his 33-year tenure as the chipmaker’s chief executive.
Chief Financial Officer Colette Kress, who joined the company in 2013, will serve as interim CEO while keeping her finance role until a permanent successor is named. The board said it will consider internal and external candidates. It also named venture investor Harvey C. Jones as its first-ever board chair.
The departure followed days of scrutiny over reports of extramarital relationships, including one with a company executive. Huang was also reported to have had an affair with a suspected Chinese spy. Huang acknowledged on Sunday that he had been unfaithful to his wife and apologized to his family and employees. Nvidia’s announcement did not address either relationship.
Nvidia shares fell about 4 percent Thursday. The company’s market value dipped below $4 trillion for the first time since July 2025, and it also faces a shareholder class-action lawsuit. The board had previously said it saw no reason to believe national security or company secrets were compromised.
President Donald Trump said Huang had done a fantastic job. Nvidia is scheduled to report third-quarter results on Nov. 17.
This report draws on Nvidia’s SEC filing, The Washington Post, PBS NewsHour, Al Jazeera and Variety.