23andMe appoints three new board members following abrupt resignations
23andMe appointed three new independent directors to its board, the company said Tuesday.
23andMe appointed three new independent directors to its board, the company announced Tuesday, one month after all seven of its previous directors abruptly resigned.
The new board members are Andre Fernandez, the former chief financial officer of WeWork; Jim Frankola, the former CFO of the enterprise cloud company Cloudera; and Mark Jensen, a tech advisor and former managing partner at Deloitte, according to a release. The only other board member is 23andMe's co-founder and CEO Anne Wojcicki.
Fernandez, Frankola and Jensen will all serve on the board's audit committee and compensation committee, the company said. Jensen will act as the lead independent director and chair of the compensation committee, while Fernandez will chair the audit committee.
"I am excited to welcome these three experienced directors to the 23andMe Board, and looking forward to working with them," Wojcicki said in the release.
23andMe's previous independent directors announced their resignation in a letter to Wojcicki in September, writing that they disagreed with her about the "strategic direction for the company."
The genetic-testing company, once valued at $6 billion, has struggled since it went public in 2021 through a special purpose acquisition company, or SPAC. Shares were hovering below $1 until 23andMe announced a 1-for-20 reverse stock split of the Company's Class A and Class B common stock earlier this month.
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