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Fortune
Fortune
Sheryl Estrada

Meet the CFO tasked with cleaning up the huge mess at bankrupt 23andMe

23andMe Anne Wojcicki
logo on facade of personal genomics company 23AndMe (Credit: Getty Images)

Good morning. The fortunes of genetic-testing company 23andMe have gone from bad to worse, and now the company is heading to full-blown bankruptcy.

The company announced on Sunday that it voluntarily filed for Chapter 11 proceedings in the U.S. Bankruptcy Court for the Eastern District of Missouri, with the goal of finding a buyer that can maximize what's left of its business. CEO Anne Wojcicki has resigned, in a mutual agreement with the company, and will continue to serve as a member of 23andMe’s board. 

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