Chirantan “CJ” Desai to step down as President and CEO
Dev Ittycheria appointed as Interim President and Chief Executive Officer
New York, September 28 (Reuters) / PRNewswire / -- MongoDB, Inc. (Nasdaq ticker: MDB) Today, it was announced that Chirantan " CJ " Desai has resigned from his position as President and Chief Executive Officer of MongoDB, effective immediately. Desai will leave to join Meta Platforms, Inc, to take on a senior role.
The board of directors has appointed Dev Ittycheria as the interim president and chief executive officer, effective from today as well. Ittycheria served as the president and chief executive officer of MongoDB from 2014 to 2025, for a period of 11 years. Under his leadership, MongoDB grew from an early disruptor to a global technology leader, with annual revenue increasing from approximately 35 million US dollars to over 2.3 billion US dollars.
The chairman of the board, Tom Killalea, stated: “MongoDB has a very strong business, and there is no more suitable candidate than Dev Ittycheria to temporarily take on the role of President and CEO. He understands this company very well and has been an active member of the executive board over the past year. He will immediately take over to ensure a smooth transition.”
Ittycheria states: "I am honored to return to the position of President and CEO of MongoDB. I have had the privilege of leading this company for over a decade and have helped MongoDB grow into what it is today, a global business. I know the company, our employees, and our customers very well, and I am full of confidence in the future. I look forward to working with the leadership team and thousands of talented employees around the world to take swift action, focus on execution, and continue to create exceptional value for our customers."
The board of directors has initiated a process to find the next permanent CEO for MongoDB and has hired a executive headhunting firm to assist in this process.
The company remains confident about its business prospects and reiterates the guidance it provided on September 1, 2026, for the third quarter and the full year of fiscal year 2027.
Investor Day
MongoDB will be holding an Investor Day event on Tuesday, September 29th, at Nasdaq MarketSite, from 11:00 a.m. to 3:15 p.m. Eastern Time. The management team of MongoDB will provide an in-depth introduction to the long-term strategies that drive the future development of the developer data platform and AI, as well as market opportunities and product innovations. You are welcome to watch the live teleconference here.
About MongoDB
MongoDB is an intelligent data platform designed for the AI era. Headquartered in New York, the company helps organizations to act faster, build more intelligently, and simplify complex architectures on a unified platform. This platform covers operational data, search, real-time analytics, as well as AI-powered retrieval, and integrates with MongoDB Voyage AI's industry-leading embedding and reordering models. The platform can be used as a fully managed service through MongoDB Atlas, or it can be self-managed via MongoDB Enterprise Advanced or Community Edition. Millions of developers and over 70,000 customers, including approximately 75% of the Fortune 100 companies, rely on MongoDB to support their most critical customer-facing applications. For more information, please visit mongodb.com.
Forward-looking Statements
This press release contains certain “forward-looking statements” as defined by Section 27A of the Securities Act of 1933 (as amended) and Section 21E of the Securities Exchange Act of 1934 (as amended), including statements regarding the company’s leadership transition, the search for a permanent successor, the company’s business prospects, a reiteration of guidance, as well as statements made on Investor Day.
These forward-looking statements include, but are not limited to, plans, objectives, expectations, and intentions in this press release that are not historical facts, as well as statements identified by the words “anticipate”, “believe”, “continue”, “could”, “estimate”, “expect”, “intend”, “may”, “plan”, “project”, “will”, “would”, and their negative forms, plural forms, or similar expressions and variations.
These forward-looking statements reflect our current views on plans, intentions, expectations, strategies, and prospects based on the information currently available to us and the assumptions we have made. Although we believe that the plans, intentions, expectations, and strategies reflected or implied by these forward-looking statements are reasonable, we cannot guarantee that these plans, intentions, expectations, or strategies will necessarily be realized.
In addition, the actual results may differ significantly from those described in the forward-looking statements and are subject to a variety of assumptions, uncertainties, risks, and factors beyond our control, including but not limited to: whether customers will renew their subscriptions and increase their use of the software and related services; global political changes; the impact of ongoing military conflicts between Russia and Ukraine, as well as between Israel and Hamas, on our business and future operating results; economic downturns and/or rising interest rates, inflation, and fluctuations in the global economy and financial markets on our business and future operating results; our potential inability to meet publicly announced guidance or other expectations regarding our business and future operating results; possible liabilities, reputational damage, or other adverse consequences if the use of AI in our products and internal operations does not generate the expected benefits; our limited operating history; our history of losses; our potential inability to repurchase common shares at favorable prices, or perhaps even our inability to repurchase them at all; the platform's failure to meet customer needs; the impact of intensified competition; our investment in new products and our ability to launch new features, services, or enhanced functionalities; social, ethical, and security issues related to the use of emerging technologies such as artificial intelligence in our products or collaborations; our ability to effectively expand our sales and marketing organizations; our ability to continuously build and maintain the credibility of our developer community; our ability to acquire new customers or increase sales from existing customers; our ability to maintain, protect, enforce, and enhance intellectual property rights; the impact of social, ethical, and regulatory issues related to the use of emerging technologies such as artificial intelligence in our products or collaborations; the growth and expansion of the database product market and our ability to penetrate that market; our ability to maintain software security and adequately address privacy concerns; our ability to effectively manage growth and successfully recruit and retain more high-quality talent; our ability to manage leadership transitions; and the ability of our executive team to drive innovation and implement it on a large scale.As well as fluctuations in the price of common stocks.
These and other risks and uncertainties are described more fully in the documents we submitted to the U.S. Securities and Exchange Commission (“SEC”), including the “Risk Factors” section of the annual report Form 10-K for the fiscal year ending January 31, 2026, as well as the quarterly report Form 10-Q for the quarter ending July 31, 2026. Additional information will be contained in the quarterly report Form 10-Q for the quarter ending October 31, 2026, and in other documents and reports that we may submit from time to time to SEC. Except as required by law, we have no obligation to update any forward-looking statements in this press release due to new information, future events, expected changes, or other reasons.
Contact Information
Investors: [ email protected ]
Media: [ email protected ]
