Nvidia CEO Jensen Huang resigns amid spy scandal, appoints Colette Kress as interim chief

Mangalore Today News Network

US, Nov 13, 2026: Nvidia CEO Jensen Huang has resigned with immediate effect, bringing an end to his 33-year tenure at the world’s leading artificial intelligence chipmaker. The company’s chief financial officer, Colette Kress, has been appointed interim CEO.

Kress, who joined Nvidia in 2013, has served as its executive vice-president and CFO for more than a decade. Before joining Nvidia, she held senior finance positions at Microsoft and Cisco.

Kress will keep her finance role until a permanent CEO is named. The board will consider both internal and external candidates, the company said in a statement.

Huang’s resignation on Thursday follows a deepening controversy involving reports of two alleged extramarital relationships, one of which reportedly involved a Chinese businesswoman suspected by US intelligence officials of having links to Chinese intelligence agencies.

The company’s board had initiated an independent investigation into reports that Huang was the target of a foreign intelligence effort.

Nvidia shares fell 10 per cent in US premarket trading after the announcement, adding to a decline that has wiped out about $600 billion in market value this week, reported Reuters.

The company also named Harvey C Jones, former CEO and executive chairman of Synopsys, as the first-ever chair of its board.

"Colette has helped lead NVIDIA through a period of extraordinary growth and has a deep understanding of our business, customers, operations and financial position," Jones said.