Nvidia names CFO Colette Kress interim CEO after Huang resigns

The board is considering both internal and external candidates for the permanent role, Jones wrote. He also said he would serve as Nvidia’s first-ever chair of the board.

Kress has been the company’s CFO for more than 13 years. Jones described her as a key architect of Nvidia’s growth and capital strategy, citing her understanding of the business and the markets in which it operates. The board has full confidence in her to meet commitments to shareholders, customers, partners and employees, he wrote.

Jones called Nvidia one of the world’s most consequential technology companies, crediting it with pioneering accelerated computing, defining the modern GPU and building the platform that powered artificial intelligence. He said the board takes seriously its responsibility as steward of the company and pointed to its employees, leadership team, technical strength and partner ecosystem as sources of its strength.