MongoDB CEO CJ Desai steps down; Dev Ittycheria returns as interim CEO amid leadership transition.

MongoDB announced that Chirantan "CJ" Desai has stepped down as President and CEO to join Meta Platforms. Dev Ittycheria, who led MongoDB from 2014 to 2025 and grew its revenue significantly, has been appointed interim CEO to ensure a smooth transition. The company is conducting a search for a permanent CEO and reaffirmed its financial guidance for 2027. MongoDB also plans an Investor Day to discuss its strategy and innovations in AI and data platforms.

MongoDB's market capitalization stands at $33.06 billion as of September 28, 2026, 19:14 WIB, with a trading volume of 1,381,220 shares on Pluang. The stock price is currently $404.06, down 1.55% for the day. This trading activity occurs while the company navigates its CEO transition and prepares for an upcoming Investor Day focused on AI and data platform innovations.