# Jensen Huang resigns as Nvidia CEO; CFO Colette Kress named interim chief

Canonical: https://theagenticweekly.com/news/jensen-huang-resigns-nvidia-ceo-colette-kress-interim · Evidence: Reported · First seen: 2026-11-12 13:54 UTC · Source published: 2026-11-12 13:48 UTC · Brief published: 2026-11-12 14:07 UTC · Updated: 2026-11-12 14:07 UTC · Author: Agentic Weekly

> Nvidia said on Nov 12, 2026 that Jensen Huang resigned as President, CEO and board member, effective immediately. CFO Colette Kress is interim CEO while the board searches internal and external candidates, and director Harvey C. Jones becomes Nvidia's first board chair. Nvidia gave no reason for the resignation.

## What happened

- **Confirmed.** Nvidia's 8-K says the board on Nov 11, 2026 accepted Jensen Huang's resignation as President, CEO and member of the board, effective immediately. The press release followed on Nov 12 at 8:48 a.m. ET.
- **Confirmed.** CFO Colette Kress, 59, is interim CEO and keeps the CFO job until a permanent successor is named. The board says it will consider internal and external candidates.
- **Confirmed.** Harvey C. Jones, 73, a director since 1993 and former Synopsys CEO, is Nvidia's first-ever board chair, per the 8-K and press release.
- **Confirmed.** Nvidia gave no reason for the resignation and the release carries no quote from Huang. Q3 fiscal 2027 results are still due Tuesday, Nov 17, at about 1:20 p.m. PT.
- **Reported.** The resignation follows reports that Huang had an affair with Alice Huang (no relation), a Megaspeed executive US officials reportedly believe passed information to China, and, per The New York Times, a second affair with Nvidia VP of health care Kimberly Powell, per The Verge and CNBC.
- **Reported.** Nvidia shares fell after the announcement; CNBC's live coverage links a story headlined "Nvidia stock falls 10% as CEO Jensen Huang announces resignation." CNBC also reports the stock is headed for a sixth straight weekly drop, its longest slump since 2012.

## Confirmed vs reported: who says what

Confirmed means Nvidia said it on the record (press release or SEC filing we opened). Reported means a news outlet says it, often citing unnamed people; we name the outlet and do not treat it as proven.

Each claim, its label and who says so (sources read Nov 12, 2026)

| Claim | Label | Who says so |
| --- | --- | --- |
| Huang resigned as CEO, President and director, effective immediately | Confirmed | [Nvidia press release](https://nvidianews.nvidia.com/news/nvidia-announces-ceo-transition) and [Form 8-K](https://www.sec.gov/Archives/edgar/data/1045810/000104581026000082/nvda-20261111.htm) |
| The board accepted the resignation on Nov 11 | Confirmed | [Form 8-K, Item 5.02](https://www.sec.gov/Archives/edgar/data/1045810/000104581026000082/nvda-20261111.htm) |
| Colette Kress is interim CEO and stays CFO | Confirmed | [Nvidia press release](https://nvidianews.nvidia.com/news/nvidia-announces-ceo-transition) |
| Harvey C. Jones is the first-ever board chair | Confirmed | [Nvidia press release](https://nvidianews.nvidia.com/news/nvidia-announces-ceo-transition); [8-K](https://www.sec.gov/Archives/edgar/data/1045810/000104581026000082/nvda-20261111.htm) says he has been a director since 1993 |
| Why Huang resigned | Not stated by Nvidia | The release and 8-K give no reason |
| Huang had an affair with an Nvidia VP who reported to him | Reported | The New York Times, citing five people who worked at Nvidia, per [The Verge]({VG}) |
| Alice Huang passed information to China's Ministry of State Security | Reported | NYT per [The Verge](https://www.theverge.com/ai-artificial-intelligence/1031689/jensen-huang-fired-nvidia) and [CNBC](https://www.cnbc.com/2026/11/12/nvidia-jensen-huang-ceo-live-updates.html); no charges; China has called the claim groundless (see our [earlier brief](https://theagenticweekly.com/news/nvidia-key-man-risk-board-probe-jensen-huang)) |
| Apple's Johny Srouji is a leading successor candidate | Reported (speculation) | Unnamed reports cited by [The Verge](https://www.theverge.com/ai-artificial-intelligence/1031689/jensen-huang-fired-nvidia); Nvidia has named no candidates |

## What actually changes at Nvidia, and what does not

Nvidia now has one person holding both the CEO and CFO jobs, and a separate board chair for the first time in its history. Splitting the chair role from the CEO is a governance change that outlasts the interim period: whoever is hired next will report to a board led by an independent chair rather than sitting atop it as a founder.

The board's line is continuity. Jones says the company expects "operations, customer commitments and product roadmap to continue without interruption," and the earnings date is unchanged. For builders and buyers of Nvidia hardware and software, nothing in the filing changes a product, price, or roadmap today. The open risk is slower decisions on big deals, investments and policy positions that Huang personally drove.

Our reading: a combined interim CEO/CFO signals the board wanted an insider who already owns the numbers going into the Nov 17 earnings call, not a long-term pick. Expect the CEO search, the Wachtell investigation and the Nov 17 call to set the next news cycle.

## Hard questions Nvidia has not answered

- Did Huang resign voluntarily or at the board's request, and was it tied to the independent investigation the board opened on Nov 8?
- Has the Wachtell, Lipton investigation led by former acting SDNY US Attorney Joon H. Kim reached any finding, and will it be published?
- What severance, equity treatment or advisory role, if any, does Huang keep? The 8-K discloses no separation agreement.
- Does Huang keep his Nvidia shares and any voting influence, and will he sell?
- Will Kimberly Powell's role change, and what did Nvidia's policies require about disclosing a relationship with a direct report?
- Will Huang or Nvidia still appear before the House committees that asked for a Nov 18 briefing?

## Timeline

- Nov 8: Nvidia's board opens an independent investigation; Huang's staff email admits he was "unfaithful" ([our brief](https://theagenticweekly.com/news/nvidia-key-man-risk-board-probe-jensen-huang)).
- Nov 10: Independent directors retain Joon H. Kim and Wachtell, Lipton, Rosen & Katz ([Nvidia](https://nvidianews.nvidia.com/news/statement-from-the-independent-members-of-the-nvidia-board)).
- Nov 11: The New York Times reports a second affair; the board meets that evening, per The Verge, and accepts Huang's resignation, per the 8-K.
- Nov 12, 8:48 a.m. ET: Nvidia announces the CEO transition and files an 8-K.
- Nov 17: Q3 fiscal 2027 earnings, as previously scheduled.

## In the source's words

> "Jensen Huang has resigned as President, Chief Executive Officer, and a member of the Board, effective immediately."
> (Nvidia press release, Nov 12, 2026, https://nvidianews.nvidia.com/news/nvidia-announces-ceo-transition)

> "The Board is initiating a search for a permanent Chief Executive Officer and will consider internal and external candidates."
> (Nvidia press release, Nov 12, 2026, https://nvidianews.nvidia.com/news/nvidia-announces-ceo-transition)

> "Jensen’s contributions to NVIDIA are profound. NVIDIA is one of the most consequential technology companies in the world."
> (Nvidia press release, Nov 12, 2026, https://nvidianews.nvidia.com/news/nvidia-announces-ceo-transition)

## What we have not verified

- Nvidia did not say why Huang resigned. Any link to the investigation or to the reported affairs is reporting, not a company statement.
- We have not seen evidence that Alice Huang is an intelligence operative; that rests on NYT and FT reporting citing unnamed officials, and no one has been charged.
- The reported relationship with Kimberly Powell rests on NYT sourcing as relayed by The Verge and CNBC; we did not reach Powell or Nvidia.
- The 10% stock drop is CNBC's intraday figure and was still moving when we published; we did not record a closing price.
- We found no separation agreement or severance terms in the 8-K; none may exist yet, or they may be filed later.

## Timeline

- Source published: 2026-11-12 13:48 UTC
- First seen by our watcher: 2026-11-12 13:54 UTC (via Watcher: The Verge AI feed (item bc7b5cea273c); written from Nvidia's own press release and Form 8-K)
- Brief published: 2026-11-12 14:07 UTC

## Sources

- [Nvidia: NVIDIA Announces CEO Transition (Nov 12, 2026)](https://nvidianews.nvidia.com/news/nvidia-announces-ceo-transition) (primary source) (fetched 2026-11-12)
- [Nvidia Form 8-K, Item 5.02 (filed Nov 12, 2026)](https://www.sec.gov/Archives/edgar/data/1045810/000104581026000082/nvda-20261111.htm) (primary source) (fetched 2026-11-12)
- [Nvidia: Statement From the Independent Members of the NVIDIA Board (Nov 10, 2026)](https://nvidianews.nvidia.com/news/statement-from-the-independent-members-of-the-nvidia-board) (primary source) (fetched 2026-11-12)
- [The Verge: Nvidia CEO Jensen Huang resigns amid spy, affair scandals](https://www.theverge.com/ai-artificial-intelligence/1031689/jensen-huang-fired-nvidia) (fetched 2026-11-12)
- [CNBC: Nvidia CEO Jensen Huang resigns, live updates](https://www.cnbc.com/2026/11/12/nvidia-jensen-huang-ceo-live-updates.html) (fetched 2026-11-12)

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## How to cite

Agentic Weekly, "Jensen Huang resigns as Nvidia CEO; CFO Colette Kress named interim chief", published 2026-11-12 14:07 UTC, https://theagenticweekly.com/news/jensen-huang-resigns-nvidia-ceo-colette-kress-interim