Jensen Huang Steps Down as Nvidia CEO After 33 Years

Jensen Huang has resigned as president and chief executive officer of Nvidia, effective November 12, ending his 33-year leadership of the semiconductor company he co-founded. Alongside his resignation, Huang stepped down from Nvidia's board of directors.

Colette Kress, the Chief Financial Officer since September 2013, has been appointed interim CEO while the board searches for a permanent successor. Harvey C. Jones has been named the first board chairman.

Huang's resignation follows reports of extramarital relationships and an independent investigation into whether he was targeted by foreign intelligence. Nvidia's announcement did not confirm any wrongdoing by Huang.

The leadership change occurs as Nvidia's processors are crucial in the global AI industry. Kress has committed to maintaining Nvidia's technology development and customer relationships during this transition.

The board expressed confidence in Kress and the leadership team, although the duration of the search for a permanent CEO remains undisclosed.