MongoDB Drops 9% After Hours on News Its CTO and Co-Founder Is Stepping Down
MongoDB (NASDAQ: MDB) announced its fourth-quarter earnings after the market closed on Tuesday, and while the results were generally positive, another announcement cast a pall on the proceedings. After nearly 13 years with the company, co-founder Eliot Horowitz will step down as chief technology officer, as well as from MongoDB's board of directors, effective July 10, the day of the company's annual meeting.
Horowitz wrote the core code base for MongoDB beginning in 2007 and was responsible for building out the company's engineering and product teams. He isn't leaving MongoDB completely, as he will continue to serve as "technical advisor to MongoDB after leaving his full-time role."
Image source: Getty Images.
Source Fool.com
