Nvidia said in a Form 8-K signed on 12 November 2026 that its board accepted Jensen Huang’s resignation as president, chief executive officer and member of the board on 11 November, effective immediately. The filing and the press release attached to it, headlined “NVIDIA Announces CEO Transition” and dated 12 November, give no reason for the departure, and the press release does not mention the board investigation that was reported earlier. Lens covered that reporting in one earlier post and another.

What the filing and press release say

  • Interim CEO: Colette M. Kress, 59, executive vice president and chief financial officer since 2013, becomes interim CEO and keeps the CFO role until a permanent successor is named. The press release says she joined Nvidia in September 2013 after nearly 25 years in finance at technology companies including Cisco and Microsoft. The filing reports no change to her compensation.
  • Chair: The board appointed Harvey C. Jones, 73, as Chair of the Board on 11 November, and the press release calls him the board’s first-ever Chair. He has been a director since 1993 and, since 2004, managing partner of Square Wave Ventures, a private family office; the press release says he has held both the CEO and executive chairman roles at Synopsys. The filing does not address a lead independent director role or whether Jones is considered independent.
  • Search: The board is searching for a permanent CEO and will consider internal and external candidates. No timeline or criteria are given.
  • Statements: Jones says the board has full confidence in Kress and the leadership team and expects operations, customer commitments and the product roadmap to continue without interruption. Kress says she will build on the foundation Huang created over 33 years and adds: “Our focus remains on serving our customers, partners, developers and shareholders.”
  • Not in either document: the reason for the resignation, whether it was requested, any severance or equity treatment, and whether Huang keeps any role as an employee, adviser or director.

Framing in coverage

Some outlets describe the departure as the board removing Huang. The filing describes a resignation that the board accepted, and Lens found no statement on whether it was requested. Earlier reporting on the board investigation included personal allegations that are unproven and are not repeated here; see the earlier posts for the attribution each outlet gave.

Earnings and reactions

Nvidia will report third-quarter fiscal 2027 results on Tuesday 17 November, with the release around 1:20 p.m. Pacific and the call at 2 p.m. Pacific. The press release says the date was set before the announcement. According to The Neuron’s summary of TechCrunch, Hugging Face chief executive Clément Delangue said he would keep defending open-source AI, and Nvidia’s planned $12.9 billion acquisition of Hugging Face is still expected to close in 2027; Nvidia says its product roadmap and customer commitments will continue. An InvestingLive headline reports that Bernstein cut its Nvidia price target to $200 and describes it as the third broker in two days to step back over Huang; Lens read only the headline.

Sources and notes

Sources: Nvidia Form 8-K (event date 11 November, signed 12 November) and its press release, Exhibit 99.1, both read as extracted text; The Neuron, 13 November; Daily AI Caffeine, 13 November. Notes: Lens did not read the TechCrunch, CNN or InvestingLive pages, and CNN’s page returned an error. The stock reaction was not checked.

Image: Nvidia's headquarters building and entrance sign at 2788 San Tomas Expressway, Santa Clara, California, 4 August 2018. Photo: Coolcaesar (CC BY-SA 4.0), via Wikimedia Commons; cropped. Stand-in image: not a photo of the leadership change, and it shows none of the people named in the post.