Nvidia has an interim chief | The Receipts - Dataspheres AI

Nvidia has an interim chief THE RECEIPTS Nvidia has an interim chief November 12, 2026 What Nvidia announced What Nvidia announced — On Thursday, November ...

Nvidia has an interim chief THE RECEIPTS Nvidia has an interim chief November 12, 2026 What Nvidia announced What Nvidia announced — On Thursday, November 12, 2026, Nvidia announced that its founder had resigned — He left three posts at once: president, chief executive and board member, effective immediately — Colette Kress, the chief financial officer, is interim chief executive — She keeps the finance job until a permanent successor is named The handover, in numbers The handover, in numbers 33 years the time Jensen Huang led Nvidia, from its founding in 1993 2013 the year Colette Kress became chief financial officer, in September 2 jobs held by Kress now: interim chief executive and chief financial officer 0 reasons the announcement gives for the resignation Four statements in five days Four statements in five days Sunday, November 8: the board opens an independent investigation and says it has confidence in the chief executive Sunday, November 8: the founder emails employees an apology and says he is fully committed to Nvidia Tuesday, November 10: the independent directors retain outside counsel for the investigation Wednesday, November 11: the board accepts his resignation, the filing says Thursday, November 12: the company announces it What the board said on Sunday What the board said on Sunday — “The Board has confidence in Jensen and his leadership team and will provide further updates as appropriate.” — From the board’s statement of Sunday, November 8, 2026 — The same statement opened an independent investigation — Its stated reason: recent reporting that he “has been the target of a foreign intelligence effort” Who is leaving Who is leaving — Jensen Huang founded Nvidia in 1993 and ran it until this week — In his November 8 email he wrote that he was unfaithful to his wife and took full responsibility — The same email said: “I am fully committed to NVIDIA” — He is not quoted in the announcement of his resignation What the announcement does not say What the announcement does not say It gives no reason for the resignation. It does not mention the independent investigation. It sets no deadline for choosing a permanent chief executive. It does say the board thanks the founder for “immeasurable contributions”. Who is Colette Kress Who is Colette Kress — Chief financial officer of Nvidia since September 2013; the filing gives her age as 59 — Before that, nearly 25 years in finance at technology companies — 13 years at Microsoft, then three years at Cisco; earlier, Texas Instruments — A finance degree from the University of Arizona and an MBA from Southern Methodist University Who answers to whom now Who answers to whom now Who answers to whom now Who answers to whom now Who answers to whom now A first-ever board chair A first-ever board chair First Chair of the Board in Nvidia’s history: Harvey C. Jones 1993 the year he joined the board, the year the company was founded 73 his age, according to the filing 2004 the year he began running Square Wave Ventures, a private family office The business she is running The business she is running $96.2 billion revenue in the quarter that ended July 26, 2026 106% growth in that revenue from a year earlier $89.0 billion of it from data centers Nov. 17 the next quarterly results, on Tuesday How the stock moved on Thursday How the stock moved on Thursday — Nvidia shares opened more than 13 percent lower — They closed down 4.3 percent — The Dow, the S&P 500 and the Nasdaq each fell 0.3 percent — At least three Wall Street firms cut their price targets the same day, CNBC reported What the board promises What the board promises — Colette Kress: “Our focus remains on serving our customers, partners, developers and shareholders.” — The chair: “We expect the company’s operations, customer commitments and product roadmap to continue without interruption.” — The chair also said the board has “full confidence in Colette and the leadership team” What to watch What to watch Tuesday, November 17, about 1:20 p.m. Pacific: third-quarter results Tuesday, November 17, 2 p.m. Pacific, 5 p.m. Eastern: the call with analysts No date set: the choice of a permanent chief executive No date set: the findings of the independent investigation Confidence on Sunday, a resignation by Wednesday Confidence on Sunday, a resignation by Wednesday On Sunday, November 8, 2026, Nvidia’s board wrote that it had confidence in its founder and chief executive. On Wednesday, November 11, it accepted his resignation. The chief financial officer since 2013 is interim chief executive while the board runs a search with no deadline. The announcement gives no reason. Results are due Tuesday, November 17. This is a reading of the record on the evening of November 12, 2026. Stay up to date with Dataspheres AI Stay up to date with Dataspheres AI Sign up and get the Dataspheres AI Weekly: the week's key stories and what to watch next. dataspheres.ai/signup Scan to sign up