Who is NVIDIA’s new CEO Colette Kress?

What happened

On Thursday, November 12, 2026, NVIDIA announced the appointment of longtime Chief Financial Officer Colette Kress, 59, who has spent more than 13 years at the company, as interim CEO following the shock resignation of Jensen Huang, who led the chipmaker for 33 years. Kress joined NVIDIA in September 2013 after nearly 25 years in finance roles at major technology companies including Cisco, Microsoft and Texas Instruments. Her appointment is interim, with the board considering both internal and external candidates for the permanent CEO position, and Kress will retain her CFO responsibilities during the transition. According to the source, the cause was mounting controversy surrounding Huang's reported extramarital affairs, including one involving a Chinese businesswoman suspected by U.S. authorities of having intelligence ties to Beijing; the allegations prompted an independent board investigation and ultimately preceded Huang's departure. On the price side, NVIDIA shares plunged more than 12% in early Thursday trading as investors assessed the implications of losing the executive most closely associated with the AI boom. Kress faces her first major test almost immediately, with NVIDIA scheduled to report quarterly earnings on November 17.

Impact and signal

Affected components and suppliers

Source and time

Source: Yahoo Finance — TXN · 11/12/2026 · View original source