Nvidia CEO Jensen Huang resigns

What the report says

Nvidia said Jensen Huang has resigned as president, chief executive and a member of the company’s board, effective immediately. According to the report published by The Independent Uganda, the announcement was issued on Thursday and the company did not provide a reason for the departure. Colette Kress, Nvidia’s executive vice-president and chief financial officer, was named interim chief executive while the board begins a search for a permanent successor.

The board said it will consider both internal and external candidates for the role. It also appointed technology executive and investor Harvey C. Jones as Nvidia’s first board chair. Nvidia said it expects day-to-day operations, customer commitments and its product roadmap to continue without interruption.

The company also said it would release its fiscal third-quarter results on Nov. 17 as planned. The article noted that Huang founded Nvidia in 1993 and had led the company since its inception. Nvidia has become one of the central players in accelerated computing and artificial intelligence, so a leadership change of this scale is significant for investors, customers and the broader tech industry.

Additional coverage from other outlets has suggested possible personal reasons behind the resignation, but those claims were not included in the publisher’s report and remain unconfirmed in the supplied source evidence.