Nvidia co-founder Jensen Huang resigned as president and CEO and stepped down from the board on Thursday, effective immediately. The board named Chief Financial Officer Colette Kress interim CEO.
Kress will retain her role as CFO while Nvidia’s board considers internal and external candidates for a permanent CEO. The board also appointed Harvey C. Jones its first chair and said it expects Nvidia’s operations to proceed without interruption.
Nvidia shares fell more than 13% at the US market open on Thursday, trading at $151.00 as of 13:31 UTC, according to Yahoo Finance.
Kress has served as Nvidia’s CFO since September 2013 and previously held finance positions at Cisco and Microsoft. In Thursday’s announcement, newly appointed board chair Jones said the company expects its operations and product roadmap to continue without interruption.
Nvidia is scheduled to report its fiscal 2027 third-quarter financial results on Nov. 17.
This is a developing story.
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