TOMI Environmental Solutions Appoints Francesco Fragasso to its Board of Directors
Rhea-AI Summary
TOMI Environmental Solutions (NASDAQ:TOMZ), a global decontamination and infection prevention company, has appointed Francesco Fragasso to its Board of Directors. Fragasso brings over 25 years of global financial and operational leadership experience and will serve on multiple committees including Audit, Compensation, and Nominating and Governance.
Fragasso, who most recently served as CFO of Hamilton Thorne Ltd. (TSX:HTL), succeeds Walter Johnsen on the board. He holds an MBA from Boston University and previously held CFO positions at several companies including Fluence Corporation Ltd. and Desalitech, Inc.
TOMI specializes in disinfection and decontamination using its proprietary Binary Ionization Technology (BIT) platform through the SteraMist brand of products.
Positive
- Addition of seasoned financial executive with 25+ years of global leadership experience
- New board member brings public company CFO experience
- Strengthening of corporate governance with appointment to key committees
Negative
- Loss of experienced board member Walter Johnsen
News Market Reaction
On the day this news was published, TOMZ gained 0.20%, reflecting a mild positive market reaction. Argus tracked a peak move of +19.0% during that session. Argus tracked a trough of -2.1% from its starting point during tracking. Our momentum scanner triggered 10 alerts that day, indicating notable trading interest and price volatility. This price movement added approximately $43K to the company's valuation, bringing the market cap to $21M at that time. Trading volume was exceptionally heavy at 13.3x the daily average, suggesting very strong buying interest.
Data tracked by StockTitan Argus on the day of publication.
Brings Over 25 years of Global Financial and Operational Leadership Experience Across Multiple Industries
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 info@tomimist.com
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
tomi@imsinvestorrelations.com
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