Know Labs, Inc. announced that Ron Erickson, Founder and Chairman, has been unanimously named Chief Executive Officer by the Company's Board of Directors, while continuing as Chairman of the Board. Former CEO Phil Bosua has stepped down as an executive officer of the Company and will become a technology advisor and consultant to Know Labs, effective immediately. Ron Erickson is the Founder of Know Labs and has been with the company and its predecessors for nearly 20 years.

He brings 30 years of board, business development, financial and executive leadership experience from industries including therapeutics, mobile technologies and software. As part of his technology advisory and consulting role, Bosua will provide ad hoc technical guidance to the Know Labs product development team. Concurrently, Know Labs will transfer certain assets of its subsidiary AI Mind, Inc. to Bosua, who will focus on innovation and advancements in artificial intelligence.