The company's founder has also stepped down as president. Chief Financial Officer Colette Kress has been appointed interim CEO, and shares have fallen by more than 11%.

Jensen Huang has stepped down as CEO of Nvidia and left its board of directors, the company announced. He also vacated the position of president. Huang founded Nvidia in 1993 and had led the company since its inception.

Colette Kress, the company’s executive vice president and chief financial officer, has become interim CEO. She will hold both roles concurrently. The board of directors has begun the search for a permanent successor and will consider both internal and external candidates.

Furthermore, for the first time in Nvidia’s history, the board has elected a chairman. The position has been filled by Harvey Jones, who has served on the board of directors since 1993.

The market reacted to the news of the leadership change with a decline: in pre-market trading, Nvidia shares fell by 11,3% to 154,20 USD apiece.

The Wall Street Journal previously reported that the board of directors was preparing for Huang’s ouster, following revelations about two extramarital affairs. In early November 2026, the board launched an investigation after the founder admitted to a relationship with Alice Huang—a Chinese national and former senior executive at the Singaporean firm Megaspeed International—who is suspected of espionage. At the time, Huang publicly apologized to his wife but had no intention of stepping down from his position.

A few days later, The New York Times reported that he had also been in a relationship with a subordinate. The publication noted that Nvidia’s code of ethics requires employees to avoid conflicts of interest, including those arising from “personal relationships.”