TechFlow News, June 20: According to an official announcement from Sonic Labs, the company has made significant adjustments to its board of directors, leadership team, and operational direction. Michael Kong, Andre Cronje, and David Richardson will step down from the Sonic Labs Board of Directors. While all three will retain their Sonic investments and fully hand over their responsibilities, they will no longer make business decisions for the organization.
Sonic Labs also announced that Matt Visser will assume the role of CEO, and Kosta Kourkoumelis will become COO. The new leadership’s top priority is not to unveil a roadmap, but rather to instill operational discipline and rebuild trust. Matt Visser stated: “I’m not here to promise an immediate turnaround. I’ll make Sonic 1% better every day—and let that improvement compound.”
Sonic Labs noted that both the token price and community sentiment are currently at low levels. The next 100 days will be treated as “Day One” anew, with the goal of achieving incremental improvements daily—and allowing those gains to compound. Sonic Labs pledged to advance transparent governance, establish a dedicated Risk & Compliance Committee, prioritize the community, reduce vague announcements, and provide clearer progress updates.
Technically, Sonic Labs confirmed that engineering team progress remains unaffected. Since 2026, 400 valid pull requests have been merged into the GitHub main branch; two production releases have shipped; major version 2.2.0 is under active development—six candidate releases have already been published; and a private testnet has gone live and is undergoing intensive testing.
