Sonic Labs Announces Management Changes: Andre Cronje and Two Others Resign from Board, Matt Visser to Serve as CEO

**June 20 – Sonic Labs Board Reshuffle & New Leadership Focus on Operational Discipline & Trust Rebuilding** Sonic Labs announced today that Michael Kong, Andre Cronje, and David Richardson have resigned from its Board of Directors. The three outgoing members will remain invested in Sonic’s long-term success but will fully transfer all operational responsibilities and step away from making management decisions for the organization. The startup also unveiled its new leadership team: Matt Visser will serve as Chief Executive Officer (CEO), and Kosta Kourkoumelis will take on the role of Chief Operating Officer (COO). Unlike typical new leadership launches, the team’s top priority isn’t rolling out a new product roadmap—it’s refining operational consistency and rebuilding trust with the community. “I’m not here to promise an immediate turnaround,” said CEO Matt Visser. “My plan is to make Sonic 1% better every day, and let those small, daily improvements compound over time.” Noting that the project’s token price and community sentiment are at a low point, Sonic Labs has designated the next 100 days as its “New Day 1” phase, centered on incremental, daily progress. Key commitments include advancing transparent governance, establishing a dedicated risk and compliance committee, centering community needs in all decisions, cutting vague public announcements, and delivering clearer, more consistent progress updates.