TOMI Environmental Solutions appoints Francesco Fragasso to its Board of Directors, succeeding Walter Johnsen.
Quiver AI Summary
TOMI Environmental Solutions, Inc. announced the appointment of Mr. Francesco Fragasso to its Board of Directors, effective immediately. He will also participate in the Audit, Compensation, and Nominating and Governance Committees. Fragasso, who has over 25 years of financial and operational leadership experience, succeeds Walter Johnsen, who has resigned. His previous roles include Chief Financial Officer at Hamilton Thorne Ltd. and other companies, and he holds significant academic credentials, such as an MBA from Boston University. CEO Dr. Halden Shane expressed confidence that Fragasso's expertise will benefit TOMI's strategy and growth, while also thanking Johnsen for his service. TOMI specializes in disinfection and decontamination through its Binary Ionization Technology platform, which serves various sectors including healthcare and education.
Potential Positives
- Appointment of Mr. Francesco Fragasso, a seasoned financial leader with over 25 years of experience, enhances TOMI's Board of Directors, bringing valuable expertise for future growth.
- Mr. Fragasso's previous CFO roles in notable companies like Hamilton Thorne Ltd. and Fluence Corporation Ltd. suggest strong financial and operational leadership capabilities that can benefit TOMI.
- The transition in board leadership comes with a warm acknowledgment of the contributions made by former board member Walter Johnsen, indicating a respectful and professional corporate culture.
Potential Negatives
- Mr. Walter Johnsen's resignation from the Board may raise concerns about leadership stability and strategic continuity within the company.
- The reliance on a single or few products for a majority of revenues reflects potential vulnerability in revenue streams, which can be risky for future growth.
- Forward-looking statements in the press release indicate uncertainties and risks regarding the company's ability to execute its business strategies and maintain growth, which could negatively affect investor confidence.
FAQ
Who has been appointed to TOMI's Board of Directors?
Mr. Francesco Fragasso has been appointed to TOMI's Board of Directors, effective immediately.
What previous roles has Francesco Fragasso held?
Francesco Fragasso has served as Chief Financial Officer at several companies, including Hamilton Thorne Ltd. and Fluence Corporation Ltd.
What is the key technology used by TOMI's SteraMist products?
TOMI's SteraMist products utilize the Binary Ionization Technology (BIT) platform for disinfection.
What committee will Mr. Fragasso serve on at TOMI?
Mr. Fragasso will serve on the Audit Committee, Compensation Committee, and Nominating and Governance Committee.
Who did Francesco Fragasso succeed on the Board?
Mr. Fragasso succeeded Mr. Walter Johnsen, who resigned from the Board effective upon his appointment.
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 4 institutional investors add shares of $TOMZ stock to their portfolio, and 9 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- SCARBOROUGH ADVISORS, LLC removed 79,413 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $84,590
- SUSQUEHANNA INTERNATIONAL GROUP, LLP added 13,767 shares (+24.1%) to their portfolio in Q2 2025, for an estimated $14,664
- TWO SIGMA SECURITIES, LLC removed 10,487 shares (-100.0%) from their portfolio in Q1 2025, for an estimated $8,599
- DYNAMIC ADVISOR SOLUTIONS LLC removed 8,695 shares (-43.5%) from their portfolio in Q2 2025, for an estimated $9,261
- UBS GROUP AG removed 3,287 shares (-30.6%) from their portfolio in Q2 2025, for an estimated $3,501
- RENAISSANCE TECHNOLOGIES LLC removed 2,193 shares (-16.5%) from their portfolio in Q2 2025, for an estimated $2,335
- RAYMOND JAMES FINANCIAL INC added 2,000 shares (+inf%) to their portfolio in Q2 2025, for an estimated $2,130
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$TOMZ Analyst Ratings
Wall Street analysts have issued reports on $TOMZ in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- HC Wainwright & Co. issued a "Buy" rating on 04/15/2025
To track analyst ratings and price targets for $TOMZ, check out Quiver Quantitative's $TOMZ forecast page.
Full Release
FREDERICK, Md., Sept. 16, 2025 (GLOBE NEWSWIRE) -- TOMI Environmental Solutions, Inc. ® (“TOMI”) (NASDAQ: TOMZ), a global company specializing in disinfection and decontamination utilizing its premier Binary Ionization Technology (BIT) platform through its SteraMist brand of products, today announced the appointment of Mr. Francesco Fragasso to its Board of Directors, effective immediately.
Mr. Fragasso will also serve on the Audit Committee, Compensation Committee, and Nominating and Governance Committee. He succeeds Mr. Walter Johnsen, who has resigned from the Board effective upon the appointment of Mr. Fragasso.
Mr. Fragasso brings more than 25 years of global financial and operational leadership experience across multiple industries. Most recently, he served as Chief Financial Officer of Hamilton Thorne Ltd. (TSX: HTL), a publicly traded life sciences company. He previously held CFO roles at Fluence Corporation Ltd. (ASX: FLC), Desalitech, Inc., and Novara Fuel Cells, Inc., as well as senior finance and operations positions at MMN SpA and Deloitte SpA in Italy. Mr. Fragasso is a European Chartered Public Accountant and holds an MBA from Boston University and a Bachelor and Master of Science in Business and Economics from Università Bocconi in Milan, Italy.
Dr. Halden Shane, Chief Executive Officer of TOMI commented, “We warmly welcome Francesco to the Board, where his extensive experience guiding innovative companies through growth and transformation will be a true asset to TOMI,” said Dr. Halden Shane, Chief Executive Officer of TOMI. “His financial expertise and global perspective will be invaluable as we continue to execute our strategy and expand TOMI’s presence across multiple industries. I also want to thank Walter Johnsen for his many years of service and contributions to TOMI. We wish him the very best in his future endeavors.”
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 ability to execute its business 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]