On November 12, NVIDIA announced that Jensen Huang will step down as President, Chief Executive Officer, and member of the Board of Directors, effective immediately, and appointed Harvey C. Jones as the company's first Chairman of the Board. Jones has served as Managing Partner of private investment firm Square Wave Ventures since 2004 and brings over 30 years of experience in entrepreneurship, high-tech enterprise management, and venture capital. In 1981, he co-founded computer-aided engineering company Daisy Systems and served as its President and Chief Executive Officer until 1987. From 1987 to 1998, he led electronic design automation company Synopsys, serving as Chief Executive Officer for seven years before becoming Executive Chairman. In 1997, he co-founded embedded processor core developer Tensilica and served as Chairman of the Board until the company was acquired by Cadence Design Systems in 2013. Jones holds a Bachelor's degree in Mathematics and Computer Science from Georgetown University and a Master's degree in Management from the Massachusetts Institute of Technology. He joined NVIDIA's Board of Directors in 1993.