TOMI Environmental Solutions appointed David Vanston as CFO, leveraging his 25 years of financial leadership experience.
Quiver AI Summary
TOMI Environmental Solutions, Inc. has appointed David Vanston as Chief Financial Officer, effective May 30, 2025. Vanston brings over 25 years of financial leadership experience in the life sciences, manufacturing, and technology sectors, having previously held CFO positions in various organizations. His expertise in strategic planning and operational efficiency is expected to support TOMI's growth strategy. CEO Dr. Halden Shane expressed enthusiasm for Vanston's appointment and thanked former CFO Nick Jennings for his service during the leadership transition. TOMI is known for its innovative disinfection solutions through its Binary Ionization Technology platform.
Potential Positives
- Appointment of David Vanston as Chief Financial Officer brings extensive financial leadership experience from various sectors, enhancing TOMI's executive team.
- Mr. Vanston's background in life sciences and manufacturing aligns with TOMI's growth strategy in the disinfection and decontamination market.
- The leadership transition signifies a commitment to strategic planning and operational efficiency, potentially improving TOMI's performance.
Potential Negatives
- Appointment of a new CFO may indicate instability or ongoing challenges within the company's leadership structure, prompting questions about governance.
- Forward-looking statements highlight significant risks regarding the company’s growth strategies and reliance on a limited product range for revenue, raising concerns among investors about future performance.
- Absence of substantial financial or operational highlights in the release may suggest a lack of recent positive developments or achievements, which could impact investor confidence.
FAQ
Who is TOMI's new Chief Financial Officer?
TOMI has appointed Mr. David Vanston as Chief Financial Officer, effective May 30, 2025.
What experience does David Vanston bring to TOMI?
David Vanston brings over 25 years of international financial leadership experience in life sciences, manufacturing, and technology sectors.
What is TOMI Environmental Solutions' primary focus?
TOMI focuses on providing disinfection and decontamination solutions using their Binary Ionization Technology® platform.
How does TOMI's BIT™ technology work?
BIT™ technology uses a low percentage of hydrogen peroxide and ionized Hydrogen Peroxide (iHP™) for superior disinfection.
Where can I find more information about TOMI's products?
For more information, visit TOMI's website at http://www.steramist.com or contact them at [email protected].
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$TOMZ Hedge Fund Activity
We have seen 7 institutional investors add shares of $TOMZ stock to their portfolio, and 5 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- SCARBOROUGH ADVISORS, LLC added 79,413 shares (+inf%) to their portfolio in Q1 2025, for an estimated $65,118
- DYNAMIC ADVISOR SOLUTIONS LLC added 20,000 shares (+inf%) to their portfolio in Q1 2025, for an estimated $16,400
- GEODE CAPITAL MANAGEMENT, LLC added 16,416 shares (+14.1%) to their portfolio in Q1 2025, for an estimated $13,461
- RENAISSANCE TECHNOLOGIES LLC added 13,293 shares (+inf%) to their portfolio in Q1 2025, for an estimated $10,900
- SUSQUEHANNA INTERNATIONAL GROUP, LLP added 12,704 shares (+28.6%) to their portfolio in Q1 2025, for an estimated $10,417
- TWO SIGMA SECURITIES, LLC removed 10,487 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $8,599
- UBS GROUP AG removed 4,459 shares (-29.4%) from their portfolio in Q1 2025, for an estimated $3,656
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
FREDERICK, Md., June 05, 2025 (GLOBE NEWSWIRE) -- TOMI Environmental Solutions, Inc.® (“TOMI”) (NASDAQ: TOMZ), a global company specializing in disinfection and decontamination solutions, today announced the appointment of Mr. David Vanston as Chief Financial Officer, effective May 30, 2025.
Mr. Vanston brings more than 25 years of international financial leadership experience across the life sciences, manufacturing, and technology sectors. He has held senior finance roles at both private equity-backed and publicly traded companies, including CFO positions at Jon-Don, Flexan, Arcmed-Diba Industries, and VolitionRx. Over his career, he has led global finance organizations and played a key role in strategic planning, financial reporting, and operational efficiency. Mr. Vanston holds an MBA from Warwick University and is a Fellow of the Chartered Certified Accountants in the United Kingdom.
“We are pleased to welcome David to TOMI,” said Dr. Halden Shane, Chief Executive Officer of TOMI. “David’s extensive background across multiple sectors including life sciences and manufacturing makes him an excellent fit for our organization as we continue executing on our growth strategy. I’d also like to thank Nick Jennings for his longstanding service to TOMI and his support during the recent leadership transition—we wish him all the best in his retirement.”
TOMI™ Environmental Solutions, Inc.: Innovating for a safer world®
TOMI™ Environmental Solutions, Inc. (NASDAQ: TOMZ ) is a global decontamination and infection prevention company, providing environmental solutions for disinfection through the manufacturing, sales and licensing of its premier Binary Ionization Technology® (BIT™) platform. Invented under a defense grant in association with the Defense Advanced Research Projects Agency (DARPA) of the U.S. Department of Defense, BIT™ solution utilizes a low percentage hydrogen peroxide as its only active ingredient and uses patented ionized Hydrogen Peroxide (iHP™) technology in all SteraMist systems to create superior disinfection. TOMI products are designed to service a broad spectrum of use sites, including, but not limited to, hospitals and medical facilities, biosafety labs, pharmaceutical facilities, commercial and office buildings, schools, restaurants, meat and produce processing facilities, and police and fire departments.
For additional information, please visit http://www.steramist.com or contact us at [email protected]
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995
This press release contains forward-looking statements that are based on current expectations, estimates, forecasts and projections of future performance based on management’s judgment, beliefs, current trends, and anticipated product performance. These forward-looking statements include, without limitation, statements relating to TOMI’s growth strategies. Forward-looking statements involve risks and uncertainties that may cause actual results to differ materially from those contained in the forward-looking statements. These factors include, but are not limited to, our ability to maintain and manage growth and generate sales, our reliance on a single or a few products for a majority of revenues; the general business and economic conditions; and other risks as described in our SEC filings, including our Annual Report on Form 10-K for the fiscal year ended December 31, 2024 filed by us with the SEC and other periodic reports we filed with the SEC. The information provided in this document is based upon the facts and circumstances known at this time. Other unknown or unpredictable factors or underlying assumptions subsequently proving to be incorrect could cause actual results to differ materially from those in the forward-looking statements. Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, level of activity, performance, or achievements. You should not place undue reliance on these forward-looking statements. All information provided in this press release is as of today’s date, unless otherwise stated, and we undertake no duty to update such information, except as required under applicable law.
INVESTOR RELATIONS CONTACT:
John Nesbett/Rosalyn Christian
IMS Investor Relations
[email protected]