Read memos sent to Nvidia employees after Jensen Huang’s resignation: What leaders said about the transition

Leadership changes announced

In a memo to employees, Harvey Jones said Huang had resigned as CEO and a board member. The board asked Kress, Nvidia’s chief financial officer, to serve as interim CEO while it searches for a permanent successor.

Jones said he would become the first-ever chair of Nvidia’s board. He described Kress, who has been CFO for over 13 years, as a key contributor to the company’s growth and capital strategy.

Board outlines its search

The board is considering candidates from both inside and outside the company, Jones wrote. He said directors had full confidence in Kress to meet commitments to shareholders, customers, partners and employees. Jones also praised Huang’s contributions, saying Nvidia pioneered accelerated computing, defined the modern GPU and built a platform that powered artificial intelligence.

Kress sets employee meeting

Kress thanked employees for their resilience, professionalism and continued dedication during what she called an extraordinarily difficult period. She said employees would hear more from leadership in the coming days.

She announced a company meeting on November 18 at 9 a.m. PT to discuss Nvidia’s future. Kress said the company had important work ahead in building technology powering the AI revolution.