Appointment · 28 September 2026
MongoDB, Inc.
MDB · Listed
Key facts
- How the CEO left
- Resignation
- Planned or abrupt
- Abrupt
- Successor
- Interim CEO
- Outgoing CEO stays as
- Leaves the company
- Signs it was forced
- None stated
- Other news alongside
- None
- Effective
- 28 September 2026
- Reason given
- leaving to pursue a senior role at Meta Platforms, Inc.
Read from the filing and press release by a language model (Google Gemini), told to use only that text. It can make mistakes; the quotes below are the source.
The announcement
Appointment of Interim President and Chief Executive Officer On September 26, 2026, the Board appointed Dev Ittycheria as the Company’s Interim President and Chief Executive Officer, effective September 28, 2026 to serve until a successor is duly elected and qualified unless sooner removed.
Sentences matched by our CEO change rules, from the first filing (2 related filings within 90 days were merged into this event). Read the 8-K on SEC EDGAR ↗
Share price reaction
The filing reached SEC EDGAR on 28 September 2026 at 12:30 New York time, during trading hours, so day 0 is that same day. Day 0 is marked by the vertical line.
| Window | MDB | S&P 500 | Abnormal |
|---|---|---|---|
| Days 0 to +1 | −17.8% | −0.9% | −16.3% |
| Days 0 to +3 | −14.3% | −1.0% | −12.0% |
| 1 month (days 0 to +21) | −5.0% | −0.2% | −2.2% |
| 3 months (days 0 to +63)so far, 22 of 64 days | −5.0% | −0.2% | −2.2% |
The abnormal return is the stock's return beyond what its usual relationship with the market (beta 1.63) predicts. A single stock's move can reflect other news on the same days, so it describes what happened rather than measuring the effect of the CEO change; averages across many events are on the Research design page as they are completed.
News coverage
- MongoDB CEO Chirantan Desai steps down to lead Meta's enterprise platform ↗
indiatimes.com · 28 September 2026 · Tone: neutral
- MongoDB Stock Falls 27% After Meta Poaches CEO for Enterprise-AI Push ↗
businessinsider.com · 28 September 2026 · Tone: negative
- MongoDB Stock Falls 17% After CEO Chirantan Desai Steps Down ↗
rttnews.com · 28 September 2026 · Tone: negative
Headlines from the day before the filing to three days after, found in the GDELT news index by company name, so an occasional match may be about something else. Tone is FinBERT's reading of the headline alone, a language model trained on financial news; it is not our view of the change.