New Delhi, November 12, 2026 (Yes Punjab News)
NVIDIA Corp. has reportedly announced that Jensen Huang has stepped down as the company’s President, Chief Executive Officer and a member of its Board of Directors, effective immediately, amid scrutiny over reports of an alleged relationship with a woman suspected by US authorities of having links to Chinese intelligence.
According to the statement cited in the report, NVIDIA’s Board has appointed Executive Vice President and Chief Financial Officer Colette Kress as Interim CEO. She will retain her CFO responsibilities until a permanent successor is appointed.
The Board has initiated a search for a permanent chief executive and will consider both internal and external candidates.
Kress joined NVIDIA in September 2013 and has led its finance organisation through a period of significant expansion. Before joining the company, she held senior finance positions at Cisco and Microsoft.
The Board has also appointed Harvey C. Jones as NVIDIA’s first Chair of the Board. Jones is a veteran technology executive and investor who previously served as CEO and Executive Chairman of Synopsys.
Welcoming Kress’s appointment, Jones said she had helped lead NVIDIA through a period of extraordinary growth and had a deep understanding of its business, customers, operations and financial position. He expressed confidence in the leadership team and said the company’s operations, customer commitments and product roadmap were expected to continue without interruption.
Meanwhile, NVIDIA shares reportedly fell more than 10 per cent in pre-market trading following the announcement.
FOLLOW NOW
