Nvidia said in a Form 8-K filed November 12 that Jensen Huang has stepped down as president, chief executive and board member, effective immediately. CFO Colette Kress has agreed to serve as interim CEO while keeping her finance role.
The board has begun a search for a permanent chief executive and will consider internal and external candidates. It also named Harvey C. Jones chair of the board on November 11.
The change comes days before Nvidia is due to report fiscal third-quarter results on November 17, which the company has said remain on schedule. It marks the first leadership change at the top of the AI chip maker since Huang co-founded it.