Investing.com -- MongoDB (NASDAQ: MDB ) shares dropped 2.2% in after-hours trading following the announcement of the resignation of their Interim Chief Financial Officer (CFO), Srdjan Tanjga. The departure is set to take effect on May 8, 2025, with the company currently in the final stages of appointing a new CFO.

The resignation announcement came on April 21, 2025, and was coupled with news that Tanjga is set to join Appian Corporation (NASDAQ: APPN ) as their CFO starting May 27, 2025. MongoDB reassured stakeholders that the search for a new CFO is nearing its conclusion, with an expected announcement within 7-10 days.

Tanjga’s tenure at MongoDB saw him leading key financial and strategic operations, a role that he will continue at Appian, reporting directly to CEO Matt Calkins. His move to Appian comes after an extensive career in finance, including leadership roles at the Emerging Sovereign Group, a subsidiary of The Carlyle Group (NASDAQ: CG ), the Harvard Management Company, and 40 North Industries. Tanjga is a Harvard alumnus, having earned both his B.A. in Mathematics and Economics and an MBA from Harvard Business School, where he was a distinguished Baker Scholar.

While MongoDB has not reported any material changes to Tanjga’s compensation as a result of his resignation, the news has nonetheless prompted a slight decline in the company’s stock price. The market’s reaction reflects concerns over the transition period and the importance of a stable financial leadership for the company’s continued growth and strategic planning.

Investors and analysts will be closely watching MongoDB’s forthcoming announcement of a new CFO, which will be crucial for the company’s financial strategy and investor confidence moving forward.

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