RenovaCare, Inc. announced reductions in its management team to further streamline administrative expenses. On March 24, Dr. Kaiyo Nedd resigned as Interim President, Chief Executive Officer and Director, and Mr. Justin Frere as Chief Financial Officer and Secretary. Their resignations were not due to any disagreements between the Company and them on any matter relating to the Company's operations, policies, or practices.

Dr. Nedd will continue to provide ongoing support to the Company as needed with respect to legacy matters, and Mr. Frere will continue to provide accounting services to the Company as needed. Chairman and majority stockholder, Mr. Harmel S. Rayat, will assume the roles of President, Chief Executive Officer, Chief Financial Officer and Secretary on an interim basis.