Sonic Labs announced significant changes to its board and leadership, with Andre Cronje and two others resigning from the board
By: rootdata|2026/06/20 20:45:01
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According to Sonic Labs' official statement, the company has made significant adjustments in its board, leadership, and operational direction. Michael Kong, Andre Cronje, and David Richardson will resign from their positions on the Sonic Labs board, but all three will retain their investments in Sonic and fully transfer their responsibilities, though they will no longer make business decisions for the organization.
Sonic Labs also announced that Matt Visser will serve as CEO, and Kosta Kourkoumelis will serve as COO. The primary task of the new management is not to announce a roadmap, but to enforce operational discipline and regain trust. Matt Visser stated, "I am not here to promise an immediate turnaround. I will make Sonic better by 1% every day and let it compound."
Sonic Labs indicated that the current token price and community sentiment are both low, and the next 100 days will be regarded as a new first day, with the goal of achieving small improvements daily and allowing them to compound. Sonic Labs is committed to promoting transparent governance, establishing a dedicated risk and compliance committee, prioritizing the community, and reducing vague announcements while providing clearer progress updates.
On the technical side, Sonic Labs stated that the engineering team's progress has not been affected. Since 2026, 400 valid pull requests have been merged into the GitHub main branch, two official releases have been published, and major version 2.2.0 is under development, with six candidate versions released so far, and a private testnet has gone live and is undergoing intensive testing.
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