23andMe's seven independent directors resign over CEO Anne Wojcicki's proposals and lack of plan for non-affiliated shareholders.

All seven independent directors of 23andMe have resigned, citing dissatisfaction with CEO Anne Wojcicki's proposals and the lack of a viable plan for non-affiliated shareholders. The board's decision follows months of unsuccessful discussions about the company's strategic direction. Wojcicki, who aims to take the company private, expressed disappointment over the resignations as 23andMe's shares have plummeted over 95% since its 2021 SPAC debut. A search for new directors is underway.

September 17, 2024
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