World · World News Bureau
Nvidia CEO Jensen Huang steps down; CFO assumes interim leadership
Nvidia announced a leadership transition Wednesday as CEO Jensen Huang resigned from his position. Chief Financial Officer Colette Kress will serve as interim leader while the company searches for a permanent successor.
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The artificial intelligence chipmaker disclosed the unexpected change at its helm, marking a significant shift for one of the technology sector's most influential executives. Huang, who founded Nvidia in 1993 and led it through its emergence as a dominant player in GPU manufacturing and AI infrastructure, has stepped down effective immediately.
Kress, who has served as CFO since 2013, brings extensive financial and operational experience to the interim role. The company said it has initiated a formal search process to identify a permanent chief executive, with Kress remaining in the position until a successor is named.
The transition comes as Nvidia continues to capitalize on surging demand for its processors, which power generative artificial intelligence applications and data center operations globally. The company has experienced remarkable growth in recent years, becoming one of the world's most valuable corporations.
No specific reasons were provided for Huang's departure. The company indicated it would provide further details regarding the leadership search and transition timeline in coming weeks.