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Who will be the CEO of 23andMe by June 30, 2025?
3
Resolution / Starting Odds
Internal promotion • 25%
External hire • 25%
No new CEO appointed • 25%
Anne Wojcicki remains CEO • 25%
New CEO appointed from within the company • 25%
New CEO appointed from outside the company • 25%
Interim CEO appointed • 25%
Official press release from 23andMe or SEC filings
Story
23andMe Board Resigns Over CEO's Privatization Plan, Stock Down 7% ($ME)
Sep 18, 2024, 03:40 PM
All seven independent directors of 23andMe Holding Co. ($ME) have resigned from the company's board, citing a lack of progress on CEO Anne Wojcicki's proposal to take the company private. The resignations, effective immediately, were attributed to strategic differences and disappointment over Wojcicki's failure to provide an actionable buyout plan after five months of delays. The board members' departure follows an incomplete offer that was rejected in August. Wojcicki expressed surprise and disappointment at the mass resignation but remains committed to her privatization plan. This development comes after 23andMe settled a genetic privacy lawsuit for $30 million. Following the resignations, 23andMe's stock tumbled 7%.
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Current CFO Steve Schoch • 25%
Current COO Frances Frei • 25%
External Candidate • 25%
Other • 25%
Anne Wojcicki remains CEO • 25%
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