Taronis Fuels Takes Disciplinary Actions Against CFO and Independent Director
CFO and Independent Director Resign
PHOENIX, AZ, Dec. 20, 2020 (GLOBE NEWSWIRE) —
Taronis Fuels, Inc., (“Taronis” or “the Company”) (OTCQB: TRNF), a global producer of renewable and socially responsible fuel products, today announced that on the morning of December 18, 2020 Mary Pat Thompson, the Chief Financial Officer of the Company, was suspended indefinitely pending the resolution of a now ongoing investigation into multiple alleged violations of her duties and obligations as an officer and director of the Company. In addition, Tobias Welo, an Independent Director, was provided written notice by the Company of concerns regarding potential breaches of his fiduciary duties.