Stifel notes MongoDB (MDB) announced that Dev Ittycheria is retiring as CEO, and that CJ Desai has been appointed to succeed him, effective November 10, 2025. The leadership change comes as part of the Board’s succession planning process, where Ittycheria expressed his desire to retire from a full-time operating role, the firm adds. Given the circumstances surrounding the CEO change, Stifel believes it is coming from a position of strength, and thinks that Desai’s deep technical experience and track record in scaling enterprise focused organizations with top-down GTM motions will be an asset to MongoDB. The firm has a Buy rating on the shares.
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