MongoDB shares fall after CEO departure
- MongoDB shares fell after CEO and president Chirantan “CJ” Desai resigned to join Meta Platforms.
- MongoDB appointed former CEO Dev Ittycheria as interim CEO and president.
- The company said Desai’s departure is effective immediately as he moves to a senior role at Meta.
MongoDB (NASDAQ:MDB) shares fell more than 20% after CEO and president Chirantan “CJ” Desai resigned to join Meta Platforms.
The company said Desai stepped down effective immediately to pursue a senior role at Meta, while MongoDB shares had already declined 2% in 2026 before Monday’s trading session.
MongoDB’s board appointed former CEO Dev Ittycheria as interim CEO and president, while Meta said Desai would join the company as chief enterprise platform officer reporting to CEO Mark Zuckerberg.
MongoDB provides a database platform used by companies to build and manage applications, including workloads involving cloud computing and artificial intelligence.
The company said Ittycheria previously served as MongoDB’s CEO and president from 2014 to 2025, while Meta said it is building its Meta Enterprise Platform initiative to support businesses using artificial intelligence.
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