Nvidia appoints Colette Kress as interim CEO after Jensen Huang’s resignation amid growing operations in Israel
Colette Kress has been appointed as interim chief executive of Nvidia, following the resignation of Jensen Huang.
The board accepted Huang’s departure effective Nov. 11, detailing this in a Form 8-K filed with the U.S. Securities and Exchange Commission.
Kress, who will remain as executive vice president and chief financial officer, will temporarily lead the company while a search for a permanent CEO is conducted.
No reason was provided for Huang’s resignation, though Nvidia stated that both internal and external candidates will be considered for the position.
Leadership change
Former U.S. President Donald Trump suggested Tim Cook for the permanent CEO role.
Harvey C. Jones, a director at Nvidia since 1993, has been appointed as the first chair of the board.
Kress’s involvement with Nvidia’s Israel operations dates back to her coordination efforts that now see almost 6,000 employees in the country.
She highlighted the significance of the Israeli market, noting that her workday often begins with meetings in Israel.
Nvidia’s acquisition of Mellanox in 2020 has greatly increased its footprint in Israel, with technology from Mellanox contributing significantly to its growth.
The Mellanox-based networking division was reported to have generated $40 billion in revenue in 2025.
Plans have been approved for a new campus in Kiryat Tivon, enhancing Nvidia’s investment in its Israeli operations.
Kress expressed commitment to upholding Huang’s legacy after his 33-year tenure.
Nvidia’s stock experienced a 5.4% drop following the announcement, with prices falling to $148.80 at one point.
The company’s fiscal third-quarter results are expected to be announced on Nov. 17.
