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Jensen Huang has resigned as Nvidia's president, chief executive officer and board member, effective immediately. The board named executive vice president and chief financial officer Colette Kress interim CEO.
Kress will continue as EVP and CFO while the board conducts a formal search for a permanent CEO, considering both internal and external candidates. The board also appointed Harvey C. Jones, the former Synopsys CEO and executive chairman, as Nvidia's first chair.
Why it matters
The immediate departure puts Nvidia's leadership transition in focus at a company central to the market for AI chips. Kress will lead the company while retaining responsibility for its finances during the search.
Market impact
For investors in Nvidia, the search and the choice of a permanent CEO are the next leadership milestones. No share-price move was provided in the announcement.
Source: [NVIDIA Announces CEO Transition — NVIDIA Newsroom](https://nvidianews.nvidia.com/news/nvidia-announces-ceo-transition)
Frequently asked questions
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Who will lead Nvidia during the CEO search?
Colette Kress will serve as interim CEO while continuing as executive vice president and CFO.
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When does Jensen Huang's resignation take effect?
Nvidia said Huang's resignation as president, CEO and board member is effective immediately.
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Who is eligible for Nvidia's permanent CEO role?
The board is conducting a formal search that will consider both internal and external candidates.
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Who is Nvidia's new board chair?
Harvey C. Jones, a former Synopsys CEO and executive chairman, has been appointed Nvidia's first board chair.
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Why does the leadership transition matter to AI chip investors?
Nvidia is central to the AI chip market, putting its leadership transition and choice of a permanent CEO in focus for investors.
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