Sign in

    Dev Ittycheria

    President and CEO at MongoDB Inc
    Board
    Since September 29, 2017
    Age
    57 years
    Education
    Earned a B.S. in Electrical Engineering from Rutgers University.
    Tenure
    Has served as President, Chief Executive Officer, and Director at MongoDB since at least September 29, 2017, driving strategic growth and innovation.

    Also at MongoDB Inc

    CP
    Cedric Pech
    President, Field Operations
    S(T
    Srdjan (\"Serge\") Tanjga
    Interim Chief Financial Officer

    About

    Dev Ittycheria leads MongoDB with a dynamic vision and strategic focus, overseeing operations as President, CEO, and Director. His leadership has been central to the company’s evolution, marked by a strong drive to innovate and expand its market presence.

    Under his guidance, MongoDB has achieved significant milestones, including robust revenue growth and the successful expansion of its cloud-native database services. His strategic decisions have not only enhanced operational efficiency but also reinforced the company’s standing as a leader in modern application development.

    In addition to steering corporate strategy, he has played an integral role in ensuring compliance and financial transparency, having certified quarterly financial reports to meet rigorous regulatory standards. His efforts underscore a commitment to accountability and excellence in corporate governance.

    Overall, his tenure at MongoDB is characterized by transformative leadership that has spurred innovation and positioned the company at the forefront of the technology industry, fostering a culture of continuous growth and industry leadership.

    $MDB Performance Under Dev Ittycheria

    Past Roles

    Organization Role Date Range Details
    OpenView Venture Partners Managing Director October 2013 - September 2014 Held the role as Managing Director at a venture capital firm
    Greylock Partners Venture Partner February 2012 - June 2013 Served as Venture Partner, advising on investments
    BMC Software, Inc. President - Enterprise Management April 2008 - February 2010 Joined following the acquisition of BladeLogic, Inc. where he was CEO

    Fixed Compensation

    Data from  FY 2024
    Component NameAmountPayment ScheduleAdditional Details
    Base Salary$400,000 AnnuallyFixed portion of compensation for fiscal year 2024; not adjusted for changes
    All Other Compensation$31,886 AnnuallyIncludes 401(k) Plan Contributions of $12,200 , Life Insurance Premiums of $1,686 , and Commuting Expenses of $18,000

    Performance Compensation

    Data from  FY 2024

    Annual Performance-Based Bonus Program

    MetricValueAdditional Details
    Target Bonus Opportunity$280,000 70% of annual base salary
    Actual Bonus Earned$420,000 Achieved at 150% of target
    Performance Evaluation PeriodFiscal Year 2024Based on corporate performance goals
    Vesting ScheduleTwo installmentsVesting following performance determinations for first and second halves
    Grant Date (Bonus Stock)March 24, 2023 Bonus stock awards granted on this date
    Grant Date Stock Price$212.13 Determined as of March 15, 2023
    Shares Awarded1,980 shares Earned in lieu of cash payout

    Senior Leadership Equity Bonus Program

    MetricValueAdditional Details
    Target Shares1,320 shares Initial grant target
    Actual Shares Vested1,980 shares Based on 150% achievement of performance goals
    Grant DateMarch 24, 2023 PSUs granted on this date
    Grant Date Fair Value$286,163 Fair value of the PSUs at the grant date
    Grant Date Stock Price$216.79 Based on closing price on March 24, 2023
    Vesting ScheduleSingle installmentVesting on April 1, 2024 following performance determination
    Maximum Achievement150% Cap on performance bonus achievement

    Performance Stock Units (PSUs)

    MetricValueAdditional Details
    Performance MetricsARR Growth & Operating Cash Flow Two key performance drivers
    Performance Range0% to 200% Eligibility based on achievement of ARR Growth and Operating Cash Flow
    Threshold Shares16,767 shares Minimum performance requirement
    Target Shares33,534 shares Awarded at target performance
    Maximum Shares67,068 shares Maximum award if 200% achieved
    Actual Achievement151% Corporate performance achieved at 151% of target
    Aggregate Grant Date Fair Value$7,269,836 Total fair value of target PSU award
    Grant DateMarch 24, 2023 PSUs granted on this date
    Grant Date Stock Price$216.79 Stock price used on grant date
    Vesting Schedule3-year ratable vesting1/3 vests on April 1, 2024 and the remaining vests equally on April 1, 2025, and April 1, 2026

    These tables provide a detailed markdown explanation of the performance compensation components, including performance metrics, targets, vesting schedules, and actual results for fiscal year 2024.