MongoDB shares fall 15% premarket after CEO CJ Desai resigns for Meta role

MongoDB shares fall 15% premarket after CEO CJ Desai resigns for Meta role

N
News Editor
2026-09-28 13:00:29
MongoDB said President and CEO Chirantan "CJ" Desai has stepped down with immediate effect and will leave for an executive role at Meta Platforms. The board has reappointed Dev Ittycheria as interim president and chief executive officer while it begins a search for Desai’s permanent successor. Ittycheria previously held both roles from 2014 to 2025. Board Chair Tom Killalea said MongoDB’s business remains strong and described Ittycheria as the best choice to take over on an interim basis, citing his deep knowledge of the company and his active role on the executive board over the past year. The market reaction was swift: MongoDB shares fell 15% in U.S. premarket trading after the announcement.

Database company MongoDB said President and Chief Executive Officer Chirantan "CJ" Desai has resigned, effective immediately, and will leave for an executive position at Meta Platforms.

The board has reappointed Dev Ittycheria as interim president and CEO. He previously served in both roles from 2014 to 2025. The company said the board has started the process of finding a permanent successor to Desai.

Board Chair Tom Killalea said in a statement: "MongoDB's business is strong, and Dev Ittycheria is the best person to serve as interim President and CEO. He knows the company well and has played an active role over the past year as an engaged member of the executive board. He will step in immediately to ensure a smooth transition."

Following the announcement, MongoDB shares fell 15% in U.S. premarket trading.

This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan.
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