# Mysten Labs Appoints Kevin Boon as CEO While Evan Cheng Shifts Focus to AI

- URL: https://stocks.freetheai.org/news/mysten-labs-appoints-kevin-boon-as-ceo-while-evan-cheng-shifts-focus-to-ai-6aea62
- Published: 2026-10-17T00:05:00Z
- Category: crypto; sentiment: neutral; impact: medium
- Symbols: [COINBASE:SUIUSD](https://stocks.freetheai.org/symbols/COINBASE-SUIUSD)
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Mysten Labs, the developer of the Sui (COINBASE:SUIUSD) Layer 1 blockchain, has appointed President Kevin Boon as its new Chief Executive Officer. Former CEO Evan Cheng is transitioning to Chief Technology Officer, where he will lead a newly established internal artificial intelligence division. Boon previously served as chief legal officer before stepping into the presidency, following leadership succession plans arranged by Cheng.

The structural changes aim to strengthen technical leadership while expanding in-house AI capabilities. Mysten Labs created the AI division with dedicated engineering and product teams to minimize reliance on external providers. The unit will focus on building agent-trust applications and AI-native infrastructure using Sui and the Walrus decentralized storage protocol, which launched its mainnet in March 2025.

Investors will be watching for enterprise adoptions of Mysten's AI products, including the Verifiable Agent Arbiter framework developed alongside Google Cloud. The system stores detailed records in Google Cloud Storage while recording cryptographic proofs on Walrus and Sui. Sui (COINBASE:SUIUSD) was trading down 1.77% at 1.002 USD following the management updates.

## Key points

- Kevin Boon succeeded Evan Cheng as Chief Executive Officer of Mysten Labs.
- Evan Cheng remains as Chief Technology Officer and will head Mysten's new internal AI division.
- The AI division will develop autonomous agent-trust tools utilizing the Sui and Walrus protocols.
- SUI (COINBASE:SUIUSD) traded down 1.77% at 1.002 USD following the leadership transition.

## Questions and answers

### Who is the new CEO of Mysten Labs?

Kevin Boon is the new CEO of Mysten Labs. He previously served as the company's chief legal officer before becoming president.

### What role will Evan Cheng have at Mysten Labs?

Evan Cheng is remaining as Chief Technology Officer and will personally lead Mysten's new internal artificial intelligence division.

### What will Mysten Labs' new AI division develop?

The division will focus on agent-trust products and AI-native infrastructure built on Sui and Walrus, allowing software agents to act autonomously within user-defined limits.