When a founder leaves, who gets to choose a successor? At NVIDIA the answer arrived in a securities filing. The board appointed its finance chief, Colette Kress, to run the company while it searches for a permanent chief executive. It gave someone else the chair.
NVIDIA · Nasdaq NVDA
Jensen Huang, Chris Malachowsky and Curtis Priem founded the chip company in 1993. Today its accelerators, networking and CUDA software help laboratories train and operate models. NVIDIA also publishes models of its own. Kress joined twenty years after its foundation.
Capital and voting rights. Kress holds NVIDIA stock. Her September disclosure distinguishes direct holdings, transactions and shares withheld for taxes. It establishes ownership without establishing voting control. NVIDIA’s August earnings filing recorded $96.2 billion in quarterly revenue. That figure measures sales over three months. The reviewed records give no audited figure for paid-in capital on the founding day. Personal stock disclosure · Quarter ended 26 July
What changed on 11 November
The board accepted Huang’s resignation as president, chief executive and director. It appointed Kress interim CEO alongside her existing executive vice-presidential and financial responsibilities. Harvey C. Jones became chair. NVIDIA announced the changes on 12 November. The filing gives readers a way to distinguish an interim appointment from the outcome of the permanent search. Board filing · Company announcement
What customers get from the supplier
A laboratory can change a model’s software faster than it can replace a room full of accelerators and networking equipment. That difference helps explain the influence of a supplier that also writes the libraries its customers use. In October, NVIDIA researchers published their Nemotron 3.5 Super and Lightning work, with throughput measurements tied to named hardware and workloads. A buyer can compare those conditions with the number of users, latency and output lengths its own service needs. Model research and measurement conditions
What investors were entitled to know
In 2022 NVIDIA agreed to pay $5.5 million to settle SEC charges about its disclosure of the impact of cryptocurrency mining on its gaming business. The order concerned the company and historical reporting. The question remains relevant to AI infrastructure today. When several sources of demand rise at once, what evidence allows investors to judge which are likely to last? SEC settlement
Information checked on 15 November 2026. Ownership figures and proposed transactions refer to the dates in the linked records.
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