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Colette M. Kress

EVP and CFO at NVIDIA
Since 2013
Age
57 years
Education
Holds a B.S. in Finance from the University of Arizona and an M.B.A. from Southern Methodist University.
Tenure
Joined NVIDIA in 2013 as Executive Vice President and Chief Financial Officer and has overseen the company’s financial operations and strategy since then.

Also at NVIDIA

About

Colette M. Kress is a seasoned finance executive who has made significant contributions in leading financial strategy in the technology sector. With a background that spans several high-profile technology companies, she has developed a strong reputation for effective financial management and strategic planning.

Her professional journey began with key finance roles at Texas Instruments, followed by a 13-year tenure at Microsoft where she eventually served as CFO for the Server and Tools division. She further honed her expertise at Cisco Systems as Senior Vice President and CFO, managing critical financial operations across multiple business segments.

Since joining NVIDIA in 2013, she has played a pivotal role in the company’s growth and evolution, consistently driving strategic decisions that support innovation and expansion in areas like artificial intelligence, gaming, and data centers. Her extensive educational background and diverse experience make her a vital asset to the company’s leadership team.

Past Roles

OrganizationRoleDate RangeDetails
Cisco Systems, Inc.Senior Vice President and Chief Financial Officer of the Business Technology and Operations Finance organization 2010 to 2013 Responsible for financial strategy, planning, reporting, and business development for all business segments, engineering, and operations
MicrosoftVarious roles; notably Chief Financial Officer of the Server and Tools division 1997 to 2010 Held various roles starting from 1997, with the CFO role for the Server and Tools division beginning in 2006
Texas Instruments IncorporatedVarious finance positions Pre-1997 (approx. 8 years) Held various finance positions over eight years before joining Microsoft

Fixed Compensation

Data from  FY 2024
Component NameAmountPayment ScheduleAdditional Details
Base Salary$900,000 Annually [N/A]Remained flat vs. Fiscal Year 2023
Restricted Stock Units (RSUs)19,829 RSUs; $4,542,031 grant date fair value Per vesting schedule [N/A]Part of total stock awards valued at $11,756,027

Performance Compensation

Data from  FY 2024

Variable Cash Compensation

MetricValueAdditional Details
Performance MetricsRevenue Performance; Non-GAAP Operating Income; Non-GAAP Gross Margin Exceeded Stretch Compensation Plan goals
Threshold$60,000 Minimum payout level
Target$300,000 Base target payout
Maximum (Cap)$600,000 200% payout achieved due to exceeding goals
Payment TimingMarch/April post fiscal year Payout contingent upon continued employment
Grant DateMarch 2, 2023 Grant set for cash-based award

Single-Year Performance Stock Units (SY PSUs)

MetricValueAdditional Details
Performance MetricsNon-GAAP Operating Income; Non-GAAP Gross Margin Exceeded Stretch goals; additional SY PSUs (50% of target) vest due to gross margin performance
Target Opportunity27,265 shares Base award
Threshold5,453 shares Minimum performance level
Maximum68,162 shares With additional SY PSUs from exceeding gross margin
Vesting Schedule25% on March 20, 2024; then 6.25% quarterly for 3 years Service and performance-based vesting conditions
Grant DateMarch 10, 2023 Approval on March 2, 2023
Grant Date Fair Value$6,245,321 Valuation at grant

Multi-Year Performance Stock Units (MY PSUs)

MetricValueAdditional Details
Performance MetricTotal Shareholder Return (TSR) vs. S&P 500 Measured over a 3-year period (Fiscal 2024–2026)
Threshold25th percentile; 619 shares 25% of target opportunity awarded
Base50th percentile; 2,478 shares 100% of target awarded
Stretch75th percentile; 4,956 shares 200% of target awarded; interpolation applied for in-between performance levels
Vesting Schedule100% at end of 3-year period Vesting contingent on achieving TSR goals
Grant DateMarch 10, 2023 Approval on March 2, 2023
Grant Date Fair Value$968,675 Notable for MY PSU awards
Evaluation Method60-day average closing prices pre-/post- period Mitigates short-term volatility in TSR calculation