TESORO LOGISTICS LP (NYSE:TLLP) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

37

TESORO LOGISTICS LP (NYSE:TLLP) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

On May 19, 2017, the board of directors (the “Board”) of Tesoro Logistics GP, LLC, our general partner, appointed Steven M. Sterin, 45, as President and Chief Financial Officer effective May 22, 2017. Also on May 19, 2017, Phillip M. Anderson resigned as a member of the Board, and will resign as President effective May 22, 2017, so that he may focus on his new role with certain subsidiaries of Tesoro Corporation (“Tesoro”), the indirect owner of our general partner.
Mr. Sterin was appointed Executive Vice President, Chief Financial Officer and a member of the Board in April 2016, having served as Vice President, Chief Financial Officer and a member of the Board since August 2014. Since August 2014, he has served as Executive Vice President, Chief Financial Officer of Tesoro. Prior to Tesoro, Mr. Sterin was Senior Vice President and Chief Financial Officer for Celanese Corporation (“Celanese”), a global technology and specialty material company, from July 2007 until May 2014 and continued to serve as an employee until August 2014. From December 2010 through January 2013, he was also president of Celanese’s Advanced Fuel Technologies business. Mr. Sterin joined Celanese in 2003 as Director of Finance and Controller for Celanese’s chemical business and also served as Corporate Controller and Principal Accounting Officer before being appointed CFO. Before Celanese, Mr. Sterin spent six years with global chemicals company Reichhold, Inc. (“Reichhold”) in a variety of financial positions, including Director of Tax and Treasury in the Netherlands, Global Treasurer and Vice President of Finance for one of Reichhold’s divisions in North Carolina. Mr. Sterin holds a Master of Professional Accounting degree and a Bachelor of Business Administration degree in accounting, which he earned concurrently at the University of Texas at Austin. He is also a certified public accountant in Texas.
Mr. Sterin will receive compensation as disclosed in our Annual Report on Form 10-K filed on February 21, 2017.

About TESORO LOGISTICS LP (NYSE:TLLP)

Tesoro Logistics LP (TLLP) owns, operates, develops and acquires logistics assets. TLLP is a logistics company operating primarily in the western and mid-continent regions of the United States. The Company operates through three segments: Gathering, Processing, and Terminalling and Transportation. Its gathering systems include crude oil and natural gas pipeline gathering systems in the Bakken Shale/Williston Basin area of North Dakota and Montana and the Green River Basin, Uinta Basin and Vermillion Basin in the states of Utah, Colorado and Wyoming. Its Processing segment consists of Vermillion processing complex, the Uinta Basin processing complex (Uinta Basin Complex), the Blacks Fork processing complex and the Emigrant Trail processing complex (Emigrant Trail Complex). Its Terminalling includes California Terminals and Storage Facilities, Washington Terminals and Storage Facilities, Alaska Terminals and Carson California Petroleum Coke Handling and Storage Facility.

TESORO LOGISTICS LP (NYSE:TLLP) Recent Trading Information

TESORO LOGISTICS LP (NYSE:TLLP) closed its last trading session up +0.82 at 53.71 with 976,251 shares trading hands.

An ad to help with our costs