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. 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 Chief Financial Officer on an interim basis.