'Profound' contributions, and not a word about why: What Nvidia's resignation statement leaves out

Nvidia's Jensen Huang resigned from his positions as president, chief executive officer and board member of the company with immediate effect on Thursday. It was announced that Nvidia's Executive Vice President and Chief Financial Officer, Colette Kress, has been appointed interim CEO. She will lead the company until a permanent successor is named. She will also continue to hold the CFO position. Earlier, Jensen Huang had claimed that he was unfaithful to his wife. He reportedly had a close relationship with alleged Chinese spy Alice Huang. It was reported that Alice had been under surveillance by US intelligence agencies. According to reports, US intelligence assessments concluded that Alice had been recruited by China's Ministry of State Security (MSS). She was allegedly given the role of developing a close relationship with Jensen, and gathering information about Nvidia. It was reported that China wanted information about Nvidia's advanced AI chips and business strategy. Notably, it was revealed that Jensen engaged in two extramarital affairs. One with an alleged Chinese intelligence operative and another with a subordinate executive, according to The Wall Street Journal. This came after The New York Times reported that Huang had maintained an undisclosed relationship with Kimberly Powell, Nvidia's vice president of health care.

What did Nvidia officially announce?

The company published a press release titled 'NVIDIA Announces CEO Transition,' on November 12, 2026. The company's board announced that Jensen Huang had resigned from three positions. It included the President of Nvidia, Chief Executive Officer, and a member of the Board. The resignation took effect immediately.

It was stated that Colette Kress, current Executive Vice President and Chief Financial Officer of NVIDIA, has agreed to serve as Interim Chief Executive Officer.


ALSO READ: Jensen Huang resigns from Nvidia after 33 years: Board names Colette Kress interim CEO amid affair reports and China probe allegations

Meanwhile, the board was initiating a search for a permanent Chief Executive Officer and will consider internal and external candidates.

Interestingly, it was announced that the Board of Directors appointed Harvey C Jones as its first-ever Chair of the Board. Jones had been an entrepreneur, technology executive, and active venture investor for over 30 years. Jones also served as Chief Executive Officer and Executive Chairman of Synopsys.

What did Harvey Jones say?

"Colette has helped lead NVIDIA through a period of extraordinary growth and has a deep understanding of our business, customers, operations and financial position," said Harvey Jones. He added, "She is supported by an experienced leadership team that has been instrumental in executing NVIDIA's strategy and advancing its technology roadmap. The Board has full confidence in Colette and the leadership team, and we expect the company’s operations, customer commitments and product roadmap to continue without interruption."

Meanwhile, in the press release, it was mentioned that Jensen’s contributions to NVIDIA are profound. The Board and the company thanked Jensen for his immeasurable contributions to the company and the industry.

Notably, the company announced the leadership transition. However, further details are awaited on Huang's resignation.