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News in English (USA) / 18.09.2024 / 15:00

Mass Resignation at 23andMe Board Amid Strategic Disagreements

In a significant upheaval, several independent directors of 23andMe have resigned from the board, citing unsatisfactory strategic direction and a lack of actionable proposals from CEO Anne Wojcicki regarding a potential buyout. This mass resignation has led to a 7% drop in the company's stock price, highlighting investor concerns over the leadership's discord. Despite the turmoil, Wojcicki remains committed to the idea of taking the company private and has expressed openness to considering third-party takeover proposals. The directors' departure underscores ongoing tensions regarding the company's future strategy.