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MongoDB Appoints Chirantan Desai as CEO, Shares Rise 5%
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Heartspace News Desk
•Source: Reuters
TL;DR
Chirantan Desai is the new MongoDB CEO, replacing Dev Ittycheria on November 10, which caused a 5% stock increase. Ittycheria, CEO since 2014, remains on the board as Desai transitions into the role, coinciding with MongoDB projecting positive third-quarter results fueled by Atlas' growth.
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Key takeaways
- MongoDB has appointed Chirantan Desai as its new Chief Executive Officer, effective November 10, succeeding Dev Ittycheria
- The announcement spurred positive market sentiment, with MongoDB shares rising 5%
- Desai joins the company from Cloudflare, bringing over 25 years of industry experience to the role
MongoDB has appointed Chirantan Desai as its new Chief Executive Officer, effective November 10, succeeding Dev Ittycheria. The announcement spurred positive market sentiment, with MongoDB shares rising 5%. Desai joins the company from Cloudflare, bringing over 25 years of industry experience to the role.
Ittycheria, who served as CEO since 2014 and led the company through its 2017 IPO, will remain on MongoDB's board of directors and serve as an advisor to ensure a seamless leadership transition. In conjunction with the leadership change, MongoDB released a positive business outlook, anticipating strong third-quarter results driven by the continued expansion of its cloud database platform, Atlas. The company will report its official third-quarter results on December 1.
Related Topics
MongoDBCEOChirantan DesaiDev IttycheriaCloudflareAtlasleadership transition
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