Database darling MongoDB announced Wednesday that outsider Dev Ittycheria will become its new president and CEO on September 3, replacing current CEO Max Schireson, who will assume the role of vice chairman.
It appears as though the leadership change stems from a decision made by Schireson, who penned an extremely personal blog post explaining why he was leaving "the best job" he ever had.
In a nutshell, Schireson said he realized he couldn't have it all – a jet-setting, travel-loaded career, and an involved, hands-on family life.
A few months ago, I decided the only way to balance was by stepping back from my job. The future is bright and MongoDB deserves a leader who can be "all-in" and make the most of the opportunity.
Unfortunately, I cannot be that leader given the geography of the majority of the company in New York and my family in California.
I recognize that by writing this I may be disqualifying myself from some future CEO role. Will that cost me tens of millions of dollars someday? Maybe. Life is about choices. Right now, I choose to spend more time with my family and am confident that I can continue to have an meaningful and rewarding work life while doing so.
As for Ittycheria, he was the co-founder and CEO of the enterprise software company BladeLogic, which he took public in 2007 and sold to BMC Software a year later. After that, he became the president of BMC's enterprise service management business – an outfit with $1.4 billion in annual revenue and over 4,000 employees.
"I'm thrilled by the opportunity to help create the next great database company," Ittycheria said in prepared remarks. "MongoDB helps companies create entirely new types of business applications, while dramatically accelerating time to market and lowering overall costs. I look forward to scaling what we can do."