Nvidia named finance chief Colette Kress interim CEO on Thursday after Jensen Huang resigned as president, chief executive and board member, ending a 33-year tenure at the company he built into a $4 trillion chipmaker.
The board’s message to customers and partners was continuity. In its release , new board chair Harvey Jones said the board expects “the company’s operations, customer commitments and product roadmap to continue without interruption.” Nvidia will report third-quarter results Nov. 17 as scheduled. Investors reacted immediately: the stock fell more than 13% at the open, CNBC reported, after closing Wednesday at $173.73. It had pared the drop to about 6% by 10:15 a.m. ET, CNBC market data showed.
Nvidia’s announcement on X. Credit: NVIDIA Newsroom (@nvidianewsroom). View on X .
Kress has been Nvidia’s executive vice president and CFO since September 2013, after nearly 25 years in finance roles at Cisco, Microsoft and other technology companies.…