Jensen Huang resigns as Nvidia CEO; Colette Kress steps in as interim

Who is Colette Kress, Nvidia's interim CEO?

Kress has been Nvidia's chief financial officer for more than 13 years. Jones called her a key architect of the company's growth and capital strategy, with a deep understanding of its business and markets. The board is now searching for a permanent CEO and says it is looking at both internal and external candidates. No timeline was given.

The memo praised Huang's contributions as "profound" and said Nvidia pioneered accelerated computing, defined the modern GPU and built the platform that powered artificial intelligence. In the text of the memo, the investigation itself is not mentioned.

What Kress told Nvidia employees

Kress answered the board's message with a short note of her own. She said the board, the executive staff and she herself recognise that this has been "an extraordinarily difficult period", and thanked employees for their resilience and professionalism.

She also said staff will hear more from leadership in the coming days. A company meeting is set for November 18 at 9am PT. Her closing line was a plain one: "let's move forward together."

For anyone outside the company, the practical takeaway is simple. Nvidia, which makes the GPUs behind much of today's AI work, has an interim chief, an open search for a permanent one and a first all-hands meeting less than a week away.