Nvidia Faces Succession and Governance Challenges After Jensen Huang’s Resignation

Nvidia CEO Jensen Huang resigned following reports of a scandal involving his private life. After more than three decades with its co-founder, Nvidia faces the challenge of finding a successor, keeping its team stable and maintaining its technology strategy. Chief Financial Officer Colette Kress is currently serving as interim CEO.

Former Nvidia CEO Jensen Huang.（VietVance）

Nvidia shares fell about 2% in trading on November 13, 2026, bringing the company’s loss in market value that week to about $573 billion. Compared with their highest closing price on October 6, the shares have fallen more than 30%, wiping more than $1.8 trillion off the company’s market value. Huang had been closely involved in its technology direction, customer relationships and investments in the artificial intelligence ecosystem, raising questions about how new leaders will share those responsibilities.

Internal figures drawing attention include Colette Kress and veteran engineer Ian Buck, who helped lead the development of CUDA. The Financial Times reported that Nvidia’s board had approached Arm Holdings CEO Rene Haas, but it remains uncertain whether he will be offered the role or accept it. Nvidia said it is selecting a recruitment firm and has not formally engaged with any candidates; its board considers speculation about specific candidates premature.

Employee sentiment is another issue in the transition. Wired magazine reported that an internal post urging the board to consider employees’ views drew more than 1,600 comments, including calls for Huang to return; those comments do not represent the views of all approximately 42,000 employees. Meanwhile, independent board members have hired Wachtell, Lipton, Rosen & Katz to conduct an independent investigation into matters concerning Huang. The succession process and the investigation’s progress will affect the company’s efforts to keep its team stable and rebuild confidence.

Source: VietVance