Anthony Tomasello joined iNetworks after a hiatus following his retirement as the Executive Vice President and Chief Technical Officer of Stericycle, Inc., a Lake Forest, IL based publicly traded company on the NASDAQ exchange (SRCL). Stericycle specializes exclusively in regulated services and the associated risk management to the healthcare community. Mr. Tomasello joined Stericycle in its infancy as a venture capital start-up funded with $200,000 of seed capital and with the team developed and commercialized its intellectual property and operations, both domestically and internationally. During the time that he spent as a member of the executive officer team, he was instrumental in Stericycle’s growth to its current position as the world’s leader in its field with more than $2 billion in sales and a current enterprise value of more than $12 billion and more than 14,000 full time employees.
Mr. Tomasello was a graduate of the University of Pittsburgh in Mechanical Engineering and began his engineering career with a multi-national process equipment, engineering and construction firm. His business career started in the late 1960’s focusing on the tasks of building a domestic technical network for the company’s process equipment and introducing new technology into the international market. Additionally, he was personally developed several technology-based businesses. Immediately prior to his association with Stericycle, Mr. Tomasello founded, grew, and then subsequently sold a technology consulting firm that concentrated its practice in the areas of development and commercialization of high technology processes and specialized automation applications. He was the holder of multiple domestic and international patents and his work was featured on the 20/20 television magazine program. Additionally, he had public and private company and non-profit Board of Directors experience, in particular, being an active member of the Merrill Lynch/Bank of America Advisory Board.
Mr. Tomasello was a Chairman and majority shareholder, and guided the strategic activities of Novian Health, a FDA approved breast tumor therapy company; as a founding investor, he supported the commercial launch of ROND, Inc. a web-based data analysis and management company. He was a past member of the Board of Directors of a joint venture with the University of Utah to commercialize technologies issuing from the University staff. Mr. Tomasello was a Trustee and Finance Committee member of the Pittsburgh Symphony Orchestra, Director and Finance Committee member of Community Schools and Founding Supporter of Man-Up Pittsburgh.
At iNetworks, he focused on providing strategic technical and commercial guidance to its portfolio companies with the goal of minimizing execution risk and enhancing shareholder returns. Additionally, he leveraged his networks to identify investment opportunities for inclusion in the iNetworks portfolio.