(Reuters) -Database software firm MongoDB on Monday named Chirantan Desai, Cloudflare’s product and engineering head, as its new chief executive officer, effective November 10.

Desai will succeed Dev Ittycheria, who is stepping down after more than 11 years leading the company. Ittycheria will also remain on the board and serve as an adviser to support the transition.

Shares of MongoDB rose 5% following the announcement.

Desai, a veteran technology executive with over 25 years of experience, previously also held senior roles at ServiceNow, EMC, Symantec and Oracle.

The leadership transition follows a comprehensive CEO search supported by an executive search firm.

Ittycheria, who took the helm in 2014 and led MongoDB’s 2017 stock market debut, steered the company’s transition from an o

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