MongoDB CEO Dev Ittycheria steps down, replaced by Cloudflare executive CJ Desai

Core Insights - MongoDB's CEO Dev Ittycheria is stepping down after 11 years, with Chirantan "CJ" Desai set to take over on November 10, 2025 [1][2] - Ittycheria will remain on the board and has been instrumental in MongoDB's growth, including leading its IPO in 2017 [3][4] Leadership Transition - Desai, previously president of product and engineering at Cloudflare, has a background in leadership roles at ServiceNow, EMC, and Symantec [5][6] - Ittycheria indicated that the decision for succession was part of normal planning, and he felt unable to commit to another five years as CEO [2] Company Performance - MongoDB's stock has increased fifteenfold since its IPO, with a market cap nearing $30 billion [4] - The company reported a narrowed net loss of $47 million for the July quarter, with revenue rising 24% to $591 million [4][7] Future Outlook - Desai aims to grow MongoDB's revenue to over $5 billion in a sustainable and profitable manner, aspiring to establish the company as the gold standard in modern database technology [8] - MongoDB expects to exceed its guidance for revenue and adjusted earnings per share in the fiscal third quarter, with a top-end earnings estimate of 79 cents per share and $592 million in revenue [7][8]