Abstract:
Before the U.S. stock market opened on November 12, local time, Nvidia’s board of directors announced that Huang Renxun had resigned as president, CEO and director, effective immediately. Colette Kress, Nvidia's current executive vice president and chief financial officer, has agreed to serve as interim CEO. Kress will continue to serve as executive vice president and chief financial officer while serving as interim CEO until a formal successor is named. The Board of Directors is initiating the search for a formal CEO and will consider both internal and external candidates.
Kress has served as executive vice president and chief financial officer since joining Nvidia in September 2013. During her tenure, she led the company's finance organization and played a key role in NVIDIA's growth and development. Before joining NVIDIA, Kress worked in finance at leading technology companies such as Cisco and Microsoft.
The board of directors appointed Harvey C. Jones as the company's first chairman of the board of directors. Jones has more than 30 years of experience in entrepreneurship, technology business management and venture capital, and served as CEO and executive chairman of Synopsys.
Nvidia Chairman Harvey Jones said, "Colette has led NVIDIA through a period of extraordinary growth and has a deep understanding of our business, customers, operations and financial conditions. She is supported by an experienced leadership team, which has played a key role in executing NVIDIA's strategy and advancing the technology roadmap. The board has full confidence in Colette and the leadership team, and we expect that the company's operations, fulfillment of customer commitments and advancement of the product roadmap will continue without interruption."
Colette Kress, NVIDIA's interim CEO and CFO, said: "NVIDIA's power has always been its people. Together with the leadership team, I will be committed to building on the extraordinary foundation Jensen Huang has laid over the past 33 years. We will continue to advance the work that has made NVIDIA a leader in accelerated computing and artificial intelligence and seize future opportunities. Our focus remains on serving customers, partners, developers and shareholders."
Huang Renxun’s contribution to NVIDIA is far-reaching and outstanding. NVIDIA is one of the most influential technology companies in the world. The board of directors and the company would like to thank Jen-Hsun Huang for his immeasurable contributions to the company and the entire industry.
Nvidia will announce its third quarter financial results for fiscal year 2027 at approximately 1:20 pm Pacific time on Tuesday, November 17, as originally planned, followed by an earnings conference call at 2 pm Pacific time.
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