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Otto Schwethelm Joins Aventine Hill CFOs as Partner in San Antonio

14-Oct-2014
Aventine Hill CFOs welcomes Otto Schwethelm as a CFO Partner in the San Antonio office. "Otto brings depth of expertise to our Energy Practice and his knowledge will benefit our clients greatly," said Beth Hair, President of Aventine Hill Partners. "We are so pleased Otto has joined our team".

Otto brings over 30 years of experience as an accounting and finance executive, predominately in the energy sector. He has served as CFO of Tesoro Corporation (a Fortune 100 refining, marketing and logistics company), Oman Oil Refineries and Petroleum Industries Company (the government of the Sultanate of Oman’s downstream refining and petrochemical organization) and a Saudi Arabian family-owned leader in the provision of multiple-sector contracting services. In his capacity as CFO, Otto was responsible for all accounting and finance functions including internal and external reporting, tax, treasury, investor and bank relations, as well as information technology, purchasing and security.  

Otto spent seven years in Saudi Arabia with the Internal Audit department of Saudi Aramco, the world’s largest oil producer, and three years with the State Auditor of Texas supervising the compliance & financial audits of The University of Texas System. In addition, Otto has extensive experience in real estate as a former Texas Real Estate Broker and Certified Review Appraiser.

While serving as Treasurer and Chief Accounting Officer of a Texas Hill Country based community bank, Otto helped form a single-bank holding company which grew to seven banks and three non-bank subsidiaries through organic growth and external acquisitions.

Otto has led a variety of successful projects including ERP implementations (SAP & Oracle), development of a ten-year strategic plan, establishment of a shared services function, roll-out of an enterprise risk management process, closing process improvements, budget and forecast process improvements and has facilitated over $4 billion of acquisition related financing.

Otto received his BBA in Accounting from the University of Texas at Austin and is a Certified Public Accountant, a Certified Internal Auditor and a Certified Fraud Examiner. He began his career with Touche Ross & Co., a predecessor to a Big Four Accounting Firm and has been active in supporting numerous not-for-profit organizations throughout his career as a board member and volunteer.

Otto can be reached at otto.schwethelm@aventinehillinc.com, 210-745-4200 (office), or 210-861-9502 (mobile).

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