Reading: Billionaires watch as NVIDIA names Colette Kress interim CEO after Huang exit

Billionaires watch as NVIDIA names Colette Kress interim CEO after Huang exit

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NVIDIA said Jensen Huang has resigned immediately as President, Chief Executive Officer and a member of the Board, and named Colette Kress as Interim Chief Executive Officer while the company searches for a permanent successor. Kress will keep serving as Executive Vice President and Chief Financial Officer while she takes on the top job on a temporary basis.

The change lands just before NVIDIA is due to report third-quarter fiscal 2027 results on Tuesday, November 17, a schedule that will put the company’s leadership shift under fresh scrutiny. For readers tracking billionaires and the companies that shape the AI market, the question is less whether NVIDIA can keep moving than who will steer it next.

The board said it is starting a search for a permanent Chief Executive Officer and will consider both internal and external candidates. Kress has been NVIDIA’s Executive Vice President and Chief Financial Officer since September 2013, giving her a long operating role inside a company that describes itself as the world leader in AI and accelerated computing. Harvey C. Jones was also appointed as the first-ever Chair of the Board.

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That continuity is the point NVIDIA is trying to make, even as Huang’s departure takes effect immediately. Harvey Jones said Kress has helped lead the company through extraordinary growth and understands its business, customers, operations and financial position, while adding that the board expects operations, customer commitments and the product roadmap to continue without interruption. Kress said NVIDIA’s strength comes from its people and that she is committed to building on the foundation Huang created over the last 33 years.

What the company has not explained is why Huang stepped away at once. Until the board names a permanent chief executive, the real test is whether the interim structure holds through the November results call at 2 p.m. PT and whether NVIDIA can keep its pace without the man who led it for nearly 25 years.

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