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