Tesoro names new executives

SAN ANTONIO — Tesoro Corp. said Thursday that it has hired two new executives — including a new chief financial officer.

Steven Sterin will join the San Antonio refiner as executive vice president and chief financial officer on Monday, while Cynthia “CJ” Warner will join the company on Oct. 6 as executive vice president for strategy and business development. Sterin replaces 12-year Tesoro veteran Scott Spendlove, who has served as the company’s CFO since May 2010. Spendlove is leaving the company to pursue other interests, the company said.

“I thank Scott for his many contributions to Tesoro during his 12-year tenure and wish him all the best as he moves onto other endeavors,” CEO Greg Goff said in a prepared statement.

Sterin most recently was senior vice president and chief financial officer at Celanese Corp., a global technology and specialty materials company, where he held leadership positions of increasing responsibility, Tesoro said.

“With his demonstrated track record of financial and business leadership, Steven will be a great asset to Tesoro,” Goff said. “He will be a key member of the executive team that will help us deliver on our ambitious plans.”

Sterin also has worked for North Carolina-based Reichhold Inc., a supplier of coating materials, and the accounting firm Price Waterhouse LLP.

Warner will join Tesoro from San Diego-based Sapphire Energy, which develops renewable crude oil from algae, where for the last five years she has served as chairman, CEO and president.

Before joining Sapphire, Warner held a number of positions with BP, including group vice president of global refiner and group vice president of health, safety, security, environmental and technology.

“CJ is an accomplished executive with a strong track record of delivering results,” Goff said. “I am very pleased to have her join Tesoro and our leadership team at this exciting time for our company.

“The addition of these two talented executives strengthens our leadership capability and ability to deliver industry-leading results,” he said.