On April 28, 2021, Taronis Fuels, Inc.'s Board of Directors appointed Leslie J. Graff and Richard L. Steinseifer as independent directors of the Board, effective immediately. Mr. Graff retired in 2018 following a nearly 30 year career with Airgas Inc. where Mr. Graff most recently served as senior vice president for Airgas' corporate development team. Mr. Steinseifer retired from Praxair, Inc. and its successor Linde Plc, a leading global industrial gases and engineering company in 2019 after a 30 year career in the gases industry. Since his retirement, Mr. Steinseifer has served as an independent director of a $2.5 billion in revenue healthcare services company. Mr. Steinseifer served as the vice president of mergers and acquisitions for Praxair from 2005 to 2019, completing hundreds of acquisition and joint venture transactions globally, culminating in leading the deal team for the $90 billion cross-border merger with Linde AG in 2019. Effective upon joining the Board, Mr. Graff was appointed to serve on the Nominating and Corporate Governance Committee of the Board and Mr. Steinseifer was appointed to serve on the Audit Committee of the Board. On April 28, 2021, Mary Pat Thompson resigned from her position as a member of the Board, effective immediately, to focus on her duties as Chief Financial Officer and Treasurer of the Company. Ms. Thompson's resignation was not the result of any disagreement regarding any matter relating to the Company's operations, policies, or practices. Ms. Thompson will continue to serve as Chief Financial Officer and Treasurer of the Company. Following the appointments of Messrs. Graff and Steinseifer and resignation of Ms. Thompson, the Company's Board of Directors consists of seven directors, six of whom are independent.
Taronis Fuels, Inc. is a renewable fuel and power generation company. The Company manufactures and distributes industrial, medical, specialty and beverage gases and associated welding and safety supplies through its subsidiary, MagneGas Welding Supply. The Company operates over 15 retail locations and two gas fill plants. The Companyâs gas fill plants create industrial, medical, specialty and beverage gas products that are distributed to its wholesale and retail customers. The Company also supplies its customers with products ranging from bulk quantities of cryogenic gases to individual packaged gas cylinders. The Company has a diversified customer base in both the wholesale and retail markets. The Company has the expertise, assets and sources of supply necessary to service large, bulk cryogenic gas customers as well as small one-man businesses.