Update: MongoDB Shares Fall After CEO Steps Down to Pursue Senior Role at Meta

09:39 AM EDT, 09/28/2026 (MT Newswires) -- (Updates with the company's latest stock move in the headline and first paragraph.) MongoDB's (MDB) shares were down more than 25% in recent Monday trading after the company said Chief Executive and President Chirantan CJ Desai is stepping down from his roles, effectively immediately, in order to pursue a senior role at Meta Platforms (META). MongoDB's board has appointed Dev Ittycheria as interim president and CEO, effective immediately, the company said. Ittycheria previously served as president and CEO of MongoDB from 2014 to 2025. Price: 308.09, Change: -102.35, Percent Change: -24.94