Jensen Huang resigns as Nvidia names finance chief Colette Kress interim CEO

Jensen Huang has resigned as Nvidia’s chief executive amid a second allegation of an extramarital affair. The company’s board announced his departure on Thursday and appointed chief financial officer Colette Kress as interim CEO.

Nvidia’s board said on Thursday, 12 November 2026, that Huang, the company’s co-founder, was leaving his positions as president and chief executive with immediate effect, according to media reports. Kress will retain responsibility for the company’s finances while serving as interim chief executive as the board looks for a permanent successor. Nvidia also named Harvey C. Jones as its first chair of the board. Huang’s resignation followed weeks of reports about multiple extramarital relationships and concerns that one relationship involved a possible foreign intelligence operation. The allegations led the board to commission an independent investigation.

Nvidia was already facing a potential $270 billion reduction in market value on Monday, 9 November 2026, after the board opened its investigation into allegations that Jensen Huang had been targeted by a foreign intelligence operation. Its shares dropped more than 6% in Frankfurt trading, putting about $270 billion of market value at risk, according to LSEG Datastream figures cited in media reports. In US premarket trading, the shares fell more than 5% to around $177.53, against Friday’s closing price of $186.64. The decline pushed the stock to a multi-month low, continuing losses from the previous week.

Jensen Huang’s relationship with Alice Huang was central to the concerns described on 9 November 2026. Alice Huang was identified as a former executive at Singapore-based Megaspeed. According to media reports, US officials believed Jensen Huang had been targeted through that relationship, and US authorities concluded that Alice Huang was a suspected Chinese intelligence asset who allegedly supplied information to Beijing. Beijing dismissed the allegations as baseless. Jensen Huang told employees that he had been unfaithful to his wife, but did not give details about the relationship.