MongoDB Names Cloudflare’s Chirantan Desai As New CEO, Stock Jumps 9%
Synopsis
MongoDB noted that Ittycheria will remain on the company’s board and serve as an advisor to Desai, helping with the execution of the company's long-term strategy.
MongoDB (MDB) said on Monday that it has named Cloudflare executive Chirantan Desai as its new Chief Executive Officer, effective November 10, succeeding long-time head Dev Ittycheria.
Shares of MongoDB jumped nearly 9% in premarket trading. The company said that Ittycheria has been leading MongoDB for 11 years and has announced his decision to retire from a full-time operating role.
MongoDB noted that Ittycheria will remain on the company’s board and serve as an advisor to Desai, helping with the execution of the company's long-term strategy.
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