Huang Renxun Resigns, Will Apple’s Cook Step In

NVIDIA (People News/AI-generated image)

[People News] On Thursday, November 12, the board of directors of Nvidia announced that co-founder and CEO Huang Renxun has resigned after 33 years in his role.

Colette Kress, the current Executive Vice President and Chief Financial Officer, has agreed to take on the role of interim CEO, while board member Harvey Jones has been elected as the company's first-ever chairman of the board.

In a statement, newly appointed chairman Jones remarked, "Colette has played a crucial role in guiding Nvidia through an extraordinary growth phase and possesses a deep understanding of our business, customers, operations, and financial health."

Kress also commented, stating, "Nvidia's strength has always stemmed from its employees, and I will collaborate with the leadership team to continue building on the remarkable foundation laid by Huang Renxun over the past 33 years. We will persist in our efforts to establish Nvidia as a leader in accelerated computing and artificial intelligence (AI), while also seizing future opportunities. Our priority remains to effectively serve our customers, partners, developers, and shareholders."

Since Sunday, NVIDIA's board has been grappling with a succession crisis. At that time, Huang Renxun (Jensen Huang) acknowledged that he had engaged in an extramarital affair; media reports identified the other party as a Chinese citizen, Huang Le (Alice Huang), a former executive at Megaspeed, which is one of NVIDIA's largest clients in Southeast Asia. U.S. intelligence officials suspect that Huang Le is a spy for the Chinese Communist Party.

Following Huang Renxun's resignation announcement, attention has shifted to potential successors. The NVIDIA board is beginning the process of searching for a new CEO and will consider candidates from both inside and outside the company.

U.S. President Trump has suggested that Tim Cook of Apple should take over for Huang Renxun.

Trump wrote on the 'Truth Social' platform, 'With the extremely successful NVIDIA CEO Huang Renxun stepping down, there is only one candidate to replace him — Tim Cook of Apple.'

'Legend replaces legend!' Trump added.
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