23andMe appoints new board members as it works to stem the company's slide

• 23andMe said it appointed 3 caller independent board to its committee connected Monday.
• All 7 of 23andMe's erstwhile board resigned successful September complete its "strategic direction."
• 23andMe is navigating obstacles that person concerned consumers.

23andMe has appointed 3 caller independent board to its committee pursuing nan wide resignation of each 7 of its erstwhile members past month.

The biotech institution said successful an SEC filing that Andre Fernandez, Mark Jensen, and Jim Frankola had joined nan committee connected Monday. All 3 appointees will service connected nan board's audit and compensation committees.

Fernandez antecedently worked arsenic WeWork's main financial serviceman from 2022 to 2023. Jensen was a managing partner astatine consulting patient Deloitte for 10 years earlier his status successful 2012. Frankola worked arsenic main financial serviceman astatine Cloudera, an American information unreality company, from 2012 to 2021 earlier becoming a strategical advisor from 2021 to 2023.

The board's only different personnel is CEO and cofounder Anne Wojcicki.

"I americium excited to invited these 3 knowledgeable board to nan 23andMe Board, and looking guardant to moving pinch them," Wojcicki said successful a property release.

Once weighted astatine $6 billion, 23andMe has faced respective obstacles recently, including a ample personification information leak successful 2023, declining banal values, and consumer privateness concerns.

The 7 erstwhile committee members resigned successful September successful a missive addressed to Wojcicki, citing nan company's direction.

Wojcicki shared a connection to return 23andMe backstage successful a July SEC filing, which was reviewed by a typical committee formed by nan committee of directors. The typical committee responded little than a week later, penning they were "disappointed" successful nan proposal.

"Our anticipation aft months of activity was that you would taxable a fully-financed, fully-diligenced, actionable connection that is successful nan champion interests of nan non-affiliated shareholders," nan missive read.

The typical committee said it would springiness Wojcikci clip to taxable a revised proposal. However, nan committee said it had not received nan revised connection successful nan September resignation letter.

"While we proceed to wholeheartedly support nan Company's ngo and judge profoundly successful nan worth of nan personalized wellness and wellness offering that you person articulated, it is besides clear that we disagree connected nan strategical guidance for nan Company going forward," nan missive read.

In a connection aft his appointment, Jensen said nan caller committee was "ready to excavation in" and "act pinch urgency" to move things astir astatine nan company.

"23andMe has a awesome brand, and nan Company remains firmly committed to its ngo of helping group access, understand and use from nan quality genome," he said.

Each caller head will person $1 cardinal successful rate compensation, according to nan SEC filing.

Representatives for 23andMe did not instantly respond to a petition for remark from Business Insider.