MongoDB brings back ex-CEO Dev Ittycheria after Desai exits for Meta

Chirantan "CJ" Desai stepped down as MongoDB CEO after just 10 months to become Meta's Chief Enterprise Platform Officer in a role created for him. The stock fell by more than $6 billion, prompting the board to bring back Dev Ittycheria, who led the company for 11 years, as interim President and CEO.

• Desai left MongoDB on September 28, 2026, after 10 months as CEO
• MongoDB's market value dropped more than $6 billion on the news
• Ittycheria returns as interim President and CEO after 11 years at the helm
• Company is betting on AI workloads: agents, memory and real-time context