The board resignations followed CEO Anne Wojcicki’s latest proposal to take the company private.
All seven members of 23andMe’s board resigned in a stinging rebuke to a proposal by CEO Anne Wojcicki’s plans to to take the company private. “I am surprised and disappointed by the decision of the directors to resign,” Wojcicki said in a memo Tuesday to employees obtained by The Post.All seven members of 23andMe’s board resigned on Tuesday after an unsatisfactory proposal from CEO Anne Wojcicki to take the company private.
“After months of work, we have yet to receive from you a fully financed, fully diligenced, actionable proposal that is in the best interests of the non-affiliated shareholders,” the board members said in The board – which included doctors, venture capitalists and YouTube CEO Neal Mohan – said it was “clear that we differ on the strategic direction for the Company going forward.”Its business model does not often invite repeat customers – since one DNA test is all a person needs for their ancestry results.23andMe revealed a data breach – which included customers’ personal information – last year.
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