Nvidia CEO Jensen Huang resigns; Colette Kress to lead company for now
CNBC-TV18 5 hrs ago·12 Nov 2026, 2:42 pm
Nvidia has announced a significant leadership change as founder Jensen Huang steps down from his roles as president, CEO, and board member. He will be succeeded by Colette Kress, the company's CFO, who will serve as interim chief executive. This transition comes with immediate effect as the board begins a search for a permanent replacement.
This news is important for investors as it signals a shift in the company's top management. Huang has been a central figure in Nvidia's rise, and his departure raises questions about the continuity of the company's strategic vision. Investors will closely watch how the board selects a successor and whether Kress can maintain the company's momentum during this interim period.
Looking ahead, the market will focus on Nvidia's quarterly earnings and guidance to gauge the impact of this leadership change. Investors should also monitor the board's timeline for appointing a new CEO to ensure stability and confidence in the company's future direction.
Excerpt from CNBC-TV18
Published On Nov 12, 2026 | 19:26 IST Last Updated On Nov 12, 2026 | 20:12 IST NVIDIA says Huang has stepped down as president, CEO and board member with immediate effect. CFO Colette Kress will take over as interim chief while the board searches for a permanent successor. Nvidia CEO Jensen Huang has resigned as…Read the original at CNBC-TV18
Key takeaways
- Category: Company.
- AI reads the tone as negative (potentially bearish) for the stock.
- Flagged as a high-impact, market-moving story.
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