New Delhi, Nov. 12 -- NVIDIA has appointed veteran technology executive and venture investor Harvey C Jones as the first-ever Chair of its Board of Directors, marking a significant change in the company's boardroom structure. The appointment comes as the US chipmaker announced a major leadership transition, with Chief Executive Officer Jensen Huang stepping down with immediate effect and Chief Financial Officer Colette Kress taking over as interim CEO.

In a press release, NVIDIA said its board had appointed Jones to the newly created chairmanship position. The company also confirmed that it would begin searching for a permanent CEO, considering both internal and external candidates.

Harvey C Jones is an American technology entrepreneur,...