Nvidia's board named Chief Financial Officer Colette Kress to serve as interim CEO following Jensen Huang's departure on Thursday. Kress will manage operations while the company searches for a permanent chief executive to guide the organization. Among the potential candidates being considered are two Israeli executives from major technology firms. The prospective list includes Nvidia's current Chief Technology Officer Michael Kagan alongside Apple hardware chief Johny Srouji.
After Nvidia CEO Jensen Huang resigned on Thursday, the company’s board appointed longtime CFO Colette Kress as interim CEO while it searches for a permanent successor.
Two Israelis, Apple hardware chief Johny Srouji and Nvidia CTO Michael Kagan, are among the executives whose names have emerged as potential candidates.
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The longtime technology leader is departing after steering the firm through more than three decades of foundational industry shifts. Under his direction, the business expanded beyond its early graphics processing roots to emerge as a dominant force in modern artificial intelligence. His departure marks the end of an era for the semiconductor powerhouse he helped scale globally.
Driven by strong naturalization pipelines in North America and Oceania, foreign nationality grants among this group surged by 41% over the prior five-year window. The shift highlights how established diaspora networks are securing permanent integration abroad, even as fresh cross-border inflows begin to decelerate. This trend keeps the community ahead of other major origin countries like Mexico and Syria in advanced economies.
The unexpected leadership vacuum ends a 33-year era of foundational leadership at the semiconductor giant just ahead of crucial quarterly earnings. To maintain stability, the board established a new governance structure while launching a comprehensive search for a permanent successor. Markets reacted swiftly to the sudden uncertainty, erasing substantial equity value despite executive assurances regarding ongoing artificial intelligence initiatives.