HF Sinclair Terminates CFO Atanasov
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 13 2026
0mins
In a regulatory filing, the company stated: "On May 13, 2026, HF Sinclair Corporation terminated the employment of Mr. Atanas Atanasov as Executive Vice President and Chief Financial Officer of the Company, effective immediately. If Mr. Atanasov meets the conditions of the Company's Severance Pay Plan, he will receive the severance benefits to which he is entitled thereunder. As previously reported on the Company's Annual Report on Form 10-K filed with the SEC on February 27, 2026, Mr. Atanasov has been on leave from his duties since February 24, 2026. As previously reported, effective February 24, 2026, the Board of Directors of the Company appointed Mr. Vivek Garg, the Company's Vice President, Chief Accounting Officer and Controller, to serve as the Company's acting Chief Financial Officer."
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Analyst Views on DINO
Wall Street analysts forecast DINO stock price to fall
11 Analyst Rating
7 Buy
4 Hold
0 Sell
Moderate Buy
Current: 68.390
Low
53.00
Averages
61.36
High
68.00
Current: 68.390
Low
53.00
Averages
61.36
High
68.00
About DINO
HF Sinclair Corporation is an energy company. The Company produces and markets products such as gasoline, diesel fuel, jet fuel, renewable diesel and other specialty products. Its segments include Refining, Renewables, Marketing, Lubricants & Specialties and Midstream. The Refining segment includes the operations of El Dorado, Tulsa, Puget Sound, Navajo, Woods Cross, Parco and Casper refineries and Asphalt. The Renewables segment includes the operations of the Artesia, Cheyenne and Sinclair Renewable Diesel Units (RDUs) and the Artesia Pretreatment Unit (PTU). The Marketing segment includes branded fuel sales. The Lubricants & Specialties segment includes the operations of Petro-Canada Lubricants, Red Giant Oil and Sonneborn businesses in addition to specialty lubricant products produced at Tulsa West refinery. The Midstream segment includes petroleum products and crude pipelines, and terminal, tankage and loading rack facilities that primarily support refining operations.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Community Engagement: The event will feature a custom LED mobile truck conducting on-site activations with giveaways, photo opportunities, and city-specific promotions, aimed at enhancing customer connections and celebrating distributor contributions.
- Charitable Component: The DINO-Venture will conclude with a Folds of Honor scholarship ceremony in Tulsa, where Sinclair serves as a presenting sponsor, continuing its support for military and first responder families, showcasing the brand's commitment to social responsibility.
- Brand Storytelling: Content from the event will be shared across Sinclair's social media platforms, showcasing the brand's history and its close ties to communities, further enhancing brand visibility and attracting new customers.
See More
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- Price Surge: BKKT's stock reached a high of $10.99 during Tuesday's trading, reflecting a 32.6% increase from the purchase price, which contributed to a 16.2% rise in the company's stock on the day.
- HF Sinclair Insider Buying: HF Sinclair CEO Franklin Myers purchased 15,000 shares at $69.11 each on Monday, totaling $1.04 million, signaling management's optimism about the company's prospects.
- Market Reaction: Although HF Sinclair's stock dipped 0.2% on Tuesday, the insider buying may bolster investor confidence and potentially lead to a rebound in the stock price moving forward.
See More
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- Executive Departure: HF Sinclair has terminated Executive VP and CFO Atanas Atanasov, who had been on leave since late February due to concerns raised by the audit committee, indicating a significant governance crisis within the company.
- CEO Exit: The day before Atanasov's termination, CEO Timothy Go also departed under a separation agreement, highlighting the instability at the top management level, which could negatively impact investor confidence and stock performance.
- Internal Review Initiated: HF Sinclair launched an internal review in January primarily focused on Atanasov's concerns regarding Go's actions, and the outcomes of this review may affect the company's transparency and compliance, potentially impacting its market reputation.
- Interim Management Setup: The company stated that Chief Accounting Officer Vivek Garg will continue as acting CFO while Board Chair Franklin Myers serves as interim CEO, a temporary management arrangement that may lead to reduced decision-making efficiency and affect operational stability.
See More
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- Executive Change: HF Sinclair's CFO Atanas Atanasov, who has been on involuntary leave since late February due to concerns raised by the audit committee, has now been officially terminated, indicating the company's urgency regarding financial transparency and compliance.
- Audit Committee Concerns: Atanasov's departure reflects potential issues within the company's internal audit processes, which may undermine investor confidence in HF Sinclair's financial health, consequently impacting stock prices negatively.
- Management Stability Risk: This incident could lead to short-term uncertainty in HF Sinclair's critical financial decision-making and strategic execution, especially against the backdrop of increasing market competition.
- Future Leadership Challenges: The company must quickly find a suitable successor to restore investor confidence and ensure continuity in financial management, avoiding business disruptions that may arise from executive turnover.
See More
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- Operational Efficiency Improvement: The company achieved a crude processing rate of 613,000 barrels per day in Q1, nearing the upper end of its guidance range, indicating ongoing optimization in safe and reliable operations that enhance market competitiveness.
- Brand Network Expansion: HF Sinclair added 25 branded sites in Q1, with over 100 more expected to come online in the next 6 to 12 months, supporting its goal of approximately 10% annual growth in branded sites and further solidifying its market position.
- Capital Expenditures and Liquidity: As of March 31, 2026, HF Sinclair's liquidity stood at approximately $3.15 billion, including a cash balance of about $1.15 billion, demonstrating strong financial flexibility even after capital expenditures of $102 million.
See More
HF Sinclair (DINO) Q1 2026 Earnings Transcript
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