23andMe directors resign as the CEO of the genetic-testing company seeks to take it private

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All of 23andMe’s independent directors have resigned from its board in a rare move that marks the latest challenge for the genetic-testing company.

Read full article: Unseasonably hot for now, but we may be able to trim off a few degrees next weekFederal appeals court upholds convictions, sentence for woman who embellished husband’s wartime injuriesGet ready to travel this fall with these Insider DealsFILE - 23andMe CEO Anne Wojcicki speaks at an announcement for the Breakthrough Prize in Life Sciences at Genentech Hall on UCSF's Mission Bay campus in San Francisco, Feb. 20 2013.

Wojcicki added that 23andMe would immediately be identifying independent directors to join the board. Wojcicki, who holds 49% of the voting power at 23andMe, was the only remaining board member listed on the company's website as of Thursday. A spokesperson had no further updates to share when reached by The Associated Press.

Shares for 23andMe have also plummeted — with the company's stock closing at 33 cents Thursday, down more than 97% since its 2021 stock market debut, according to FactSet. Beyond the resignations, 23andMe has made other a handful of other headlines in recent months — particularly around privacy concerns. Last week, 23andMe agreed to pay $30 million in cash to settle a class-action lawsuit accusing the company of failing to protect customers whose personal information was exposed in a 2023 data breach.

 

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