MongoDB CEO Dev Ittycheria Steps Down After 11 Years, Cloudflare's CJ Desai Takes Over
Summary
MongoDB CEO Dev Ittycheria steps down after 11 transformative years that saw the company go public and achieve a fifteenfold stock increase to nearly $30 billion market cap, with Cloudflare executive CJ Desai taking the helm to drive revenue beyond $5 billion.
Key Points
- MongoDB CEO Dev Ittycheria steps down after 11 years, with Cloudflare's CJ Desai taking over as CEO effective November 10
- Under Ittycheria's leadership, MongoDB went public in 2017 and its stock gained fifteenfold to close at $359.82 on Friday, giving the company a market cap of almost $30 billion
- Desai, formerly Cloudflare's president of product and engineering, aims to grow MongoDB to over $5 billion in revenue while making it the gold standard for modern database technology