Jensen Huang has stepped down as president, chief executive and a member of the board of Nvidia, the chipmaker he co-founded and led for 33 years. The board announced the change on Thursday, 12 November 2026, saying it took effect immediately. Nvidia's chief financial officer, Colette Kress, will serve as interim chief executive while the board looks for a permanent successor.
The change follows reports that Huang had two extramarital relationships. One reportedly involved a business executive at a Singapore-based data company, whom US intelligence officials are said to suspect of links to Chinese intelligence services. The other involved a senior Nvidia employee who reported to him. Nvidia's announcement did not give a reason for the departure, and the relationship details come from reports rather than from the company.
Board announces leadership change
Reports differ on how the departure happened. One account says Huang resigned, while another says the company's executive board let him go. Either way, the board confirmed that he has also left Nvidia's board, effective immediately.
Jensen Huang had been central to the company for 33 years, and reports say he had never set out a succession plan, which made the move unexpected for many observers. Nvidia designs the chips that power the AI boom, which is the use of artificial intelligence across industries. One report puts the company's value at about $3.8 trillion, making it one of the most valuable companies in the world.
Who is Colette Kress
Kress is Nvidia's chief financial officer and an executive vice president, and she will keep her finance responsibilities while leading the company on an interim basis. According to Nvidia's website, she has worked at the company since September 2013. Before that, she spent three years as senior vice president and chief financial officer of the business technology operations finance group at Cisco.
Her earlier career also includes a period at Microsoft. Nvidia has not yet named a permanent chief executive, and the search for one is continuing.
Timeline: what has happened so far
- 12 November 2026: Nvidia's board announces that Huang has resigned as president, chief executive and board member, effective immediately.
- 12 November 2026: Colette Kress is named interim chief executive and keeps her role as chief financial officer.
- 12 November 2026: The board begins a more thorough search for a permanent successor, which is still under way.
Aasan alfaaz mein
Nvidia ke CEO Jensen Huang ne company ki sadarat, CEO ke ohde aur board ki membership chhod di hai, aur is waqt Colette Kress interim CEO hain. Kuch reports mein Huang ke do affairs ka zikr hai, lekin company ne wajah nahi batayi. Pakistan mein aam logon ke bills ya petrol ki qeemat par is ka seedha asar abhi nazar nahi aata. Phir bhi Nvidia ke chips AI tools ko chalate hain, is liye aage ki leadership par nazar rakhna ahem hai.
