If you still had Jensen Huang as the face of Nvidia this morning, update the picture. The board said on 12 November 2026 that the co-founder resigned with immediate effect as president, chief executive and a member of the board. Colette Kress, the chief financial officer, is interim CEO and keeps the CFO job. Harvey C. Jones is Nvidia’s first designated chair of the board. Moneycontrol carried the board announcement at 19:46 IST on 12 November. Business Today’s explainer on Jones was updated at 12:04 pm IST on 13 November.
Two people now sit in front of the company that both desks call the centre of the AI chip business. Neither of them is Huang. The permanent CEO job is open. The next earnings date is not.
What the board actually announced
Moneycontrol’s account is the clean timeline. NVIDIA’s board said Huang’s resignation as president, CEO and director took effect immediately. The announcement date is 12 November. Kress, executive vice president and CFO, becomes interim CEO. She holds both chairs until a permanent successor is named. The board has started a search and will look at internal and external candidates.
In the same transition, the board appointed Harvey C. Jones as the first-ever chair of the board of directors. Jones said the board has confidence in Kress and the existing leadership team. He also said operations, customer commitments and the product roadmap are expected to continue without interruption. Kress said she intends to build on the foundation Huang set over 33 years. She called Nvidia a leader in accelerated computing and AI, and said the focus stays on customers, partners, developers and shareholders.
The board thanked Huang for building the company and for his role in the technology industry. Moneycontrol’s story does not give a reason for the resignation. Do not fill that gap from rumour. The text that is actually in the announcement story is the resignation, the interim CEO, the chair appointment and the earnings date.
Earnings are still on for 17 November
This is the line Indian market-watchers should not skip. Nvidia confirmed that third-quarter fiscal 2027 results will still be announced on 17 November, at about 1:20 pm Pacific Time, as previously scheduled. The earnings call follows at 2 pm PT. A CEO exit four or five days before results is messy. The company is telling investors the calendar did not move.
Kress being both interim CEO and CFO on that call is unusual, and it is exactly what the board described. She does not drop finance while she sits in the chief executive seat. Whoever asks questions on 17 November will be asking the person who has run Nvidia’s finance organisation since she joined.
Who Colette Kress is, from the announcement
Kress joined Nvidia in September 2013 and has led finance for more than a decade. Moneycontrol says she also had a role in the company’s growth and expansion in that period. Before Nvidia she spent nearly 25 years in finance at technology companies, including Cisco and Microsoft. That is the biography in the resignation story. A separate Business Today promo line mentioned her shareholding. That figure is not in the body of either article used here, so it stays out.
She is interim. The search is open to people inside and outside the company. Nothing in these two pieces names a favourite, a shortlist or a deadline.
Who Harvey C. Jones is
Business Today, in Aishwarya Panda’s piece updated 13 November at 12:04 pm IST, is the profile. Jones has been a technology entrepreneur, executive and investor for more than 30 years. From 1981 to 2004 he worked at four major technology companies. The first was Daisy Systems, where he helped develop computer-aided engineering software and served as president and CEO.
In 1987 he joined Synopsys, the electronic design automation company. He was CEO for seven years, then executive chairman. Moneycontrol’s shorter line matches the Synopsys chapter: he previously served as CEO and executive chairman there. In 1997 he co-founded Tensilica, which built specialised semiconductor technology and high-performance processing cores. Since 2004 he has been a managing partner at Square Wave Ventures, a private investment firm.
Education, from the same Business Today piece: a bachelor’s degree in mathematics and computer science from Georgetown University, and a master’s in management from MIT. He joined Nvidia’s board in 1993. That is the fact that makes “long-time director” concrete. He has been in the boardroom for the whole trip from graphics chips to AI computing, as the story puts it.
Why “first board chair” is a real change
Before this appointment, Nvidia did not have a designated chairman. Each year it named a lead independent director from the independent board members. Business Today says a designated chair gives the board a dedicated lead for its proceedings and for oversight of the governance structure. That is a structural change, not a courtesy title handed out because Huang left.
Huang had been president, CEO and a director. Those three jobs ended together. The board seat did not pass to Kress in these stories. It passed, as a chair role the company had never filled, to a director who has been there since 1993. Kress runs the company on an interim basis and still runs finance. Jones runs the board.
Jones’s public line, via Moneycontrol, is continuity: confidence in Kress and the current team, no interruption to operations, customers or the roadmap. That is a statement. It is not a measure of whether customers agree.
What these two stories do not say
They do not say why Huang resigned. They do not publish his stake, a severance number, or a successor name. They do not say the earnings call will change hosts beyond Kress already being interim CEO. They do not give an India office impact, a partner list, or a product delay. Business Today calls Nvidia the world’s most valuable AI chipmaker in the uncertainty paragraph. Neither piece puts a market-cap figure next to that phrase in the text used here, so this article will not invent one.
There is a stray line in the Moneycontrol page extract about a Chinese university and H200 chips. It is not part of the leadership-change body. It does not belong in this piece.
How to read the next few days
12 November was the board’s announcement. 13 November was the explainer on who Jones is and why the chair job is new. 17 November is the date both the company and Moneycontrol say still holds: Q3 FY27 numbers around 1:20 pm PT, call at 2 pm PT. Between now and that call, the only structure these reports actually confirm is Kress as interim CEO plus CFO, Jones as the first designated chair, and a search that is allowed to hire from outside.
If a friend asks “who runs Nvidia today,” the accurate answer is short. Colette Kress runs it for now and still owns the numbers. Harvey C. Jones chairs a board that never had a chair before. Jensen Huang is off the board as well as out of the CEO job. The permanent name is not in the announcement.
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