MongoDB CEO Max Schireson Steps Down
Max Schireson, the CEO of database company MongoDB, announced he would be stepping down from his role and into the vice chairman position. Shireson explains on his blog that he is leaving the valuable company, which is one of the fastest-growing in the US to spend more time with his family, especially his kids.
“A few months ago, I decided the only way to balance was by stepping back from my job,” he says explaining that MongoDB is a special company. In my nearly 4 years at the company, we have raised $220 million, grown the team 15x and grown sales 30x. We have amazing customers, a great product which gets better with every release, the strongest team I have ever worked with, and incredible momentum in the market. The future is bright and MongoDB deserves a leader who can be “all-in” and make the most of the opportunity.
“In one month, I will hand the CEO role to an incredibly capable leader in Dev Ittycheria. He will have the task of leading the company through its next phase of growth (though thankfully not of commuting across the country while doing it!). I know the company will be in great hands; his skills fit our next phase of growth better than mine do. And I will be there to help (full time, but “normal full time” and not “crazy full time”) in whatever areas he needs help,” he writes.
IT Software veteran Ittycheria was the co-founder and CEO of BladeLogic, one of the fastest growing enterprise software companies of the last decade. After co-founding the business in 2001, he went on to take the company public in 2007, and then sold it to BMC Software in 2008 for approximately $900 million. After the acquisition, he became President of the Enterprise Service Management business at BMC Software, a business with $1.4 billion in annual revenue and over 4,000 employees.
“The last three years of growth have been spectacular. With Dev joining the team, I am personally excited to be able to focus on customers, partnerships and product strategy,” said Max Schireson, who had been CEO of MongoDB for a year and a few months, assuming the title last January after joining the company in 2011 as president.
Schireson states that he decided to step down because of the toll imposed on him by constant travel between the company’s New York City and Palo Alto headquarters and from customer visits. Spending more time with his family, the outgoing CEO told Forbes in an interview, “is not a euphemism. It’s something I needed to do for my family, and there’s never a convenient time.”
“Dev’s experience and leadership will be a powerful addition to the company as we continue to grow,” Schireson said handing over the mantle to Ittycheria, who is now set to head a company with over $231 million in funding and more than 600 customers including Cisco, MetLife, MTV, among others.
- Truecaller Acquires Indian Firm Chillr; Launches Truecaller Pay 2.0
- Verizon Selects AWS As Preferred Cloud Provider
- AI Business Value to Reach $1.2 Tn in 2018: Gartner
- Autonomous Database: Next Big Thing In The Indian Market
- Myntra Acquires Smart Wearables Firm Witworks
- India's Enterprise Software Spending To Outgrow China: Gartner
- Rubique To Expand To 100 Cities by March 2018
- Infosys To Hire 6K Techies Over The Next Two Years
- IT Firm Synechron To Hire About 1500 Staff
- Infosys To Acquire Product Design Firm Brilliant Basics