Franklin AI News Brief

NVIDIA names Colette Kress interim CEO

Key Takeaways

  • NVIDIA says Jensen Huang resigned immediately.
  • Colette Kress will lead the company while keeping her CFO role as the board looks for a permanent CEO.
  • Jensen Huang resigned as NVIDIA president, CEO and director on November 12.
  • Colette Kress will serve as interim CEO and retain her CFO and executive vice president roles.

NVIDIA's board announced on November 12, 2026, that Jensen Huang had resigned as president, chief executive and a director, effective immediately. Colette Kress will lead the chipmaker as interim CEO while continuing to run its finance organization.

Who takes over at NVIDIA

In the transition announcement, the board said Kress will keep her roles as executive vice president and chief financial officer until a permanent chief executive is named. She joined NVIDIA in September 2013 in those two roles. The announcement identifies Cisco and Microsoft among the companies where she previously held finance roles. The board is considering internal and external candidates for the permanent position.

How the board is changing

The board named Harvey C. Jones its first chair. The company describes Jones as a technology executive and investor who previously served as chief executive and executive chair of Synopsys. The change puts the interim chief executive and board chair in separate hands. NVIDIA's announcement did not give a timeline for choosing the permanent CEO.

What NVIDIA says about customer commitments

Jones said the board expects the company's operations, commitments to customers and product roadmap to continue without interruption. Kress said her focus includes customers, partners and developers. Those statements describe the leadership team's intent. The announcement did not include new delivery dates or revise the company's product roadmap.

NVIDIA kept its fiscal third-quarter results announcement and earnings call on the previously scheduled date of November 17. That call is the next dated event named in the announcement. For customers planning around hardware deliveries or deployment milestones, the practical question is whether the company gives any more detail about the commitments relevant to their projects.

Our read

Franklin AI Take

For teams with a deployment tied to NVIDIA hardware, the board's statement gives an expectation of continuity. It does not give new delivery dates or customer-specific commitments. Keep the milestones already confirmed with your supplier and use the November 17 earnings call to look for any change that affects those milestones.