23andMe has three new directors—after the previous board all resigned

23andMe appoints three former CFOs as new directors—after the previous board all resigned.

Transcript

00:0023andMe has started filling up their board again after all seven independent directors quit last month.

00:06The three new directors are all former finance chiefs.

00:09There had been discourse about making the company private again, which is part of the reason why all seven directors stepped down.

00:1523andMe has experienced poor stock performance and has actually never turned a profit.

00:20And the decision to bring in three previous finance chiefs could help boost shareholder confidence as the company works to become profitable.