He Joined Nvidia’s Board in 1993, the Year It Was Founded. Today Harvey Jones Became Its First-Ever Chair. He Handed a Company to a Founder Once Before Jeremy Phillips Thu, November 12, 2026 at 10:48 AM EST 5 min read NVDA -4.99% SNPS +0.57% Explore stocks on Coinbase Trading disclosure Trading disclosure The above button links to Coinbase. Yahoo Finance is not a broker-dealer or investment adviser and does not offer securities or cryptocurrencies for sale or facilitate trading. Coinbase pays us for certain activity generated through this link. Prices displayed are informational.
Nvidia named Harvey C. Jones its first-ever board chair on Thursday as Jensen Huang resigned; Jones has been a director since 1993, the year Nvidia was founded.
Jones co-founded Daisy Systems and Tensilica and led Synopsys as CEO for seven years, handing the job to co-founder Aart de Geus in 1994 while staying executive chairman.
Nvidia opened at $151.01, fell to $148.80 (about $2.18 trillion below its record value) and was at $164.56 at 10:46 AM ET.
The biggest 401k decisions tend to get made once and never revisited: when to roll it over, what to hold inside it, and when to start taking money out. That is exactly what the report: 401k & IRA Tips and Answers was created to address, and it is free today. Read more here. (Sponsor)
In 1993, three engineers started a graphics chip company in California, and a semiconductor software executive named Harvey C. Jones joined its board. Thirty-three years later, on Thursday morning, Nvidia (NASDAQ: NVDA) named Jones the first chair in its history, in the same announcement in which Jensen Huang resigned as president, CEO and a member of the board, effective immediately.
Chief financial officer Colette Kress is interim CEO, as we profiled earlier, while the board, now chaired by Jones, searches inside and outside the company for a permanent one. We covered what history says about companies left without a permanent CEO here.
Nvidia opened at $151.01, fell as low as $148.80, about $2.18 trillion below its October 6 record value, and was at $164.56 at 10:46 AM ET, 10.6% above that low and down 5.3% from Wednesday's close.
For many Americans, funding a 401(k) only leads to more retirement questions. Should you roll your 401k into an IRA, and when? What's the tax impact if the rollover check gets made out to the wrong name? When do required withdrawals begin, and how much do you have to take?
Fisher Investments put the answers in one place. 401k & IRA Tips and Answers is free, and it covers rollovers, contribution limits, required withdrawals, and what actually belongs inside the account once the balance gets serious. Read More Here ›
Jones has spent more than 30 years as an entrepreneur, technology executive and venture investor, according to his Nvidia biography. In 1981 he co-founded Daisy Systems, a computer-aided engineering company, and served as its president and CEO until 1987. From 1987 to 1998 he led Synopsys, one of the companies whose software is used to design chips, first as CEO for seven years and then as executive chairman. In 1997 he co-founded Tensilica, which licensed processor designs, and chaired it until Cadence Design Systems bought it in 2013. Since 2004 he has run Square Wave Ventures, a private investment firm. He holds a math and computer science degree from Georgetown and a management degree from MIT.
On Nvidia's board he sits on the audit committee and the nominating and corporate governance committee, the group that oversees board membership and, typically, leadership succession.
The detail investors may find most relevant is from Synopsys. Jones ran it as CEO for seven years from 1987. In 1994, the job went to Aart de Geus, one of the company's founders, while Jones stayed on as executive chairman. De Geus went on to run Synopsys for about 30 years. Jones has lived through a CEO handoff from the chairman's seat, at a chip-design company, with a founder involved. This time the handoff runs the other way: the founder is leaving.
"Colette has helped lead NVIDIA through a period of extraordinary growth and has a deep understanding of our business, customers, operations and financial position," Jones said in Thursday's announcement, adding that she is supported by an experienced leadership team.
That is the whole of his public statement so far. The company called him the board's first-ever chair, so the role is new at Nvidia. The board's own investigation, led by the law firm Wachtell, Lipton, Rosen & Katz with former acting U.S. Attorney Joon Kim, into Huang's relationship with Alice Huang, a former executive at Singapore's Megaspeed whom U.S. officials suspect of spying for China, is still open. China calls that claim groundless, and Huang has not been accused of a crime.
Nvidia is worth about $3.97 trillion and has never chosen a CEO. The board's new chair has sat on it since the year the company was founded and has seen a chip-design company go through a leadership change before. What shareholders do not have yet is a timeline, a shortlist or a permanent CEO. Analysts have named Kress and Ian Buck, who runs Nvidia's hyperscale business, as internal candidates, and Bloomberg reported that the board had been working with an outside firm to identify candidates.
For investors, the decision that matters today is the size of the position. Nvidia is about 6% of the S&P 500 and more of the Nasdaq-100, so most retirement accounts own it whether or not they hold the stock directly. If your total is more than about 10% of your portfolio, trimming inside an IRA costs nothing in taxes.
(sponsor) 401(k)s are powerful retirement tools. But even savvy savers can make mistakes that quietly cost you money for decades. Choosing the wrong fund, ignoring small fees nobody adds up, rollover steps done in the wrong order, the list goes on.
These sort of mistakes is exactly what 401k & IRA Tips and Answers was created to help prevent. It is a free guide from Fisher Investments on rollovers, contributions, required withdrawals and the mistakes that do the most damage to a retirement account. Learn More Here ›
Contact editorial@247wallst.com for any questions or corrections.
