What NVIDIA announced
NVIDIA's Board of Directors said in a newsroom press release dated November 12, 2026, that Jensen Huang has resigned as President, Chief Executive Officer, and a member of the Board, effective immediately. The announcement does not state a reason for the resignation. This article reports only what the official release says and does not speculate about a cause.
The board appointed Colette Kress, NVIDIA's Executive Vice President and Chief Financial Officer, as Interim Chief Executive Officer. The release says Kress will continue as EVP and CFO while serving as interim CEO until a permanent successor has been named. The board is initiating a search for a permanent CEO and will consider internal and external candidates. Kress has been EVP and CFO since joining NVIDIA in September 2013. Before NVIDIA, the company says she spent nearly 25 years in finance roles at technology companies including Cisco and Microsoft.
The board also appointed Harvey C. Jones as its first-ever Chair of the Board. The release describes Jones as an entrepreneur, technology executive, and active venture investor for over 30 years, including service as Chief Executive Officer and Executive Chairman of Synopsys. The board and the company thank Huang for his contributions. NVIDIA said it will report third-quarter fiscal 2027 financial results on Tuesday, November 17, 2026, at approximately 1:20 p.m. Pacific Time, as previously scheduled, followed by its earnings call at 2 p.m. Pacific Time (22:20 and 23:00 Europe/Warsaw).
Who is affected
This is a corporate leadership announcement, not a product launch or a change to a documented API or tool. The people most directly named are NVIDIA's shareholders, the leadership team, and, in the quotes below, customers, partners and developers.
If you follow NVIDIA because you train or run AI models on its hardware, or because you use NVIDIA developer software, the release does not announce a change to any specific product, price, or access rule. It also does not tell customers to take any action before the November 17 earnings report.
Why it matters for AI tools
NVIDIA describes itself in the same release as the world leader in AI and accelerated computing. Many AI tools and models are trained and served on NVIDIA GPUs, and NVIDIA also publishes its own developer software. AppFor.ai already has a published profile of one such official tool, NVIDIA OpenShell. The November 12 announcement does not say that OpenShell, or any other named NVIDIA product, is changing because of the leadership transition.
Harvey Jones, speaking as Chair of the NVIDIA Board of Directors, said the board has full confidence in Kress and the leadership team, and that "we expect the company's operations, customer commitments and product roadmap to continue without interruption." Colette Kress, as Interim CEO and CFO, said: "NVIDIA's strength has always come from its people, and together with our leadership team, I am committed to building on the extraordinary foundation Jensen created over the last 33 years." She added that the company will continue advancing the work that has made NVIDIA a leader in accelerated computing and AI, and that "our focus remains on serving our customers, partners, developers and shareholders."
Those are the company's statements about continuity. They are not a hands-on test of any NVIDIA product, and they are not a prediction about future leadership, strategy, or share price. This article is not investment advice.
What the announcement does not say
The November 12 press release does not give a reason for Huang's departure, does not name a permanent CEO, and does not set a date for ending the interim arrangement beyond saying that Kress remains CFO until a permanent successor is named. It also does not change, in the text of the release, any product availability, pricing, or developer program terms.
The newsroom page links to earlier items, including a November 10 statement from the independent members of the NVIDIA Board, and November 8 messages from the company and the board. Those items were not used as sources for this article. Nothing in the November 12 announcement should be read as confirmation of third-party reporting about why Huang resigned.
The next official company update flagged in the release is the fiscal 2027 third-quarter results and earnings call on November 17, 2026, at approximately 1:20 p.m. and 2 p.m. Pacific Time.
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Sources & further reading
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