NVIDIA announced on November 12 that co-founder Jensen Huang had resigned as president, CEO and a director. The company told the U.S. Securities and Exchange Commission that the board accepted his resignation on November 11, effective immediately.
Interim CEO Colette Kress will continue as executive vice president and chief financial officer, positions she has held since joining NVIDIA in 2013. The board will consider internal and external candidates for the permanent position. It named longtime director Harvey C. Jones as its first chair.
Board chair Jones said he expects operations, customer commitments and the product roadmap to continue without interruption. NVIDIA kept its November 17 schedule for reporting fiscal third-quarter results.
The company did not give a reason for Huang’s departure in its transition announcement. On November 10, NVIDIA’s independent directors said they had hired outside counsel for the investigation they announced two days earlier.