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Search resuls for: "Andre Fernandez"


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23andMe said it appointed three new independent directors to its board on Monday. Advertisement23andMe has appointed three new independent directors to its board following the mass resignation of all seven of its previous members last month. The seven previous board members resigned in September in a letter addressed to Wojcicki, citing the company's direction. Wojcicki shared a proposal to take 23andMe private in a July SEC filing, which was reviewed by a special committee formed by the board of directors. The special committee responded less than a week later, writing they were "disappointed" in the proposal.
Persons: 23andMe, , Andre Fernandez, Mark Jensen, Jim Frankola, Fernandez, Jensen, Frankola, Anne Wojcicki, Kimberly White, Wojcicki Organizations: Service, SEC, Deloitte, 23andMe Board, Company, Business Locations: American
23andMe appointed three new independent directors to its board, the company announced Tuesday, one month after all seven of its previous directors abrubtly resigned. Fernandez, Frankola and Jensen will all serve on the board's audit committee and compensation committee, the company said. The company's stock was trading around $5 on Tuesday morning. To help 23andMe explore potential paths forward, the previous independent directors on the company's board formed a special committee in late March. In the weeks following the board members' departures, Wojcicki has repeatedly said she remains committed to taking the company private.
Persons: Anne Wojcicki, Kelly Sullivan, 23andMe, abrubtly, Andre Fernandez, Jim Frankola, Mark Jensen, Fernandez, Frankola, Jensen, Wojcicki Organizations: Deloitte, 23andMe Board, Company Locations: ATHERTON , CALIFORNIA, Atherton , California
WeWork COO Anthony Yazbeck to step down
  + stars: | 2023-10-19 | by ( ) www.reuters.com   time to read: +1 min
Oct 19 (Reuters) - WeWork's (WE.N) Chief Operating Officer Anthony Yazbeck will step down from his role and also as president on Oct. 20, the company said on Thursday, days after it named interim chief David Tolley as permanent CEO. The leadership changes at the beleaguered flexible workspace provider comes amid its ongoing efforts to turn around the ailing business. The circumstances leading to Yazbeck's departure is not due to any disagreement related to financial or operational matters, the company said in a regulatory filing. Earlier this year, CEO Sandeep Mathrani and CFO Andre Fernandez departed the company, which made its debut on the public market in 2021. Reporting by Ananta Agarwal in Bengaluru; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.
Persons: Anthony Yazbeck, David Tolley, WeWork, Sandeep Mathrani, Andre Fernandez, Ananta Agarwal, Shailesh Organizations: Thomson Locations: Bengaluru
WeWork raises going-concern doubt, shares tank
  + stars: | 2023-08-08 | by ( ) www.reuters.com   time to read: +1 min
REUTERS/Brendan McDermid/File photoAug 8 (Reuters) - WeWork Inc (WE.N) on Tuesday raised "substantial" doubt about its ability to continue as a going concern and said three board members had stepped down, sending its shares down 27% in extended trading. The company had previously said its actions to restructure debt and operations had eased worries over its ability to continue as a going concern. WeWork struck deals in March to cut its debt by about $1.5 billion and extend the date of some maturities to preserve cash. WeWork on Tuesday said it was still continuing its search for a permanent CEO and that it had added four board members after three members stepped down. Reporting by Ananta Agarwal and Chavi Mehta in Bengaluru; Editing by Anil D'SilvaOur Standards: The Thomson Reuters Trust Principles.
Persons: Brendan McDermid, WeWork, Sandeep Mathrani, Andre Fernandez, Mathrani, Ananta Agarwal, Chavi Mehta, Anil D'Silva Organizations: New York Stock Exchange, REUTERS, WeWork, Thomson Locations: New York City, U.S, Bengaluru
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