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Scott Stern Awarded Beacom School of Business Distinguished Service Award at 73rd Annual Beacom Awards Banquet

Venky Venkatachalam, Dean of the Beacom School of Business; Scott Stern; Former Gov. of South Dakota Dennis Daugaard; Miles Beacom, President/CEO, Premier Bankcard Inc. standing together at the Beacom awards ceremony. From left to right: Beacom School of Business Dean Venky Venkatachalam, Owner and CEO of Stern Oil Company Scott Stern, former South Dakota Gov. Dennis Daugaard, President and CEO of PREMIER Bankcard Inc. Miles Beacom

VERMILLION, S.D. – On Sept. 9, 2021, the University of South Dakota Beacom School of Business honored Scott Stern with the Distinguished Service Award at its annual awards banquet.

Stern is the owner and CEO of Stern Oil Company. He received his B.S. in Business Administration from USD in 1983 and is currently working on his MBA. He started his career in the family business and then moved to Phoenix, Arizona, to manage a region for a division of Suncor Energy on the west coast. In 2016, he was appointed the commissioner of the Governor’s Office of Economic Development in the Governor Daugaard administration.

“Scott Stern has been an incredibly dedicated member of the Beacom School of Business and the Dean’s Advisory Board,” said Venky Venkatachalam, Ph.D., dean of the USD Beacom School of Business. “He provides great leadership and concepts for our school and is always dedicated to seeing our students thrive. He is currently working on his MBA that he started many years ago. This is proof that he follows through on something he has started. Scott is already a successful business man, but he understands there is always room to learn and grow. He is very deserving of the Beacom Distinguished Service Award and a great representation of our alumni.”

In 2019 Stern purchased the family business from his parents. He is also the chairman of CoAxis Energy, a liquefied natural gas distribution, service and supply company. Stern currently serves on several boards, including the South Dakota Retailers Association, the South Dakota Petroleum and Propane Marketers Association, USD Beacom School of Business Advisory Board and is chairman of the South Dakota Workers’ Compensation Advisory Council. Stern and his wife Staci, also a USD graduate, live in Sioux Falls and have three married daughters and three grandchildren with a fourth on the way.

The Beacom Distinguished Service Award is given annually to a leader in the business community who represents the values and commitment to service that the Beacom School of Business upholds in its curriculum.


USD's Beacom School of Business was established in 1927 and has been accredited by the Association to Advance Collegiate Schools of Business (AACSB) since 1949. The leading business school in the region, Beacom’s programs are consistently ranked among the top business schools in the nation by Princeton Review, U.S. News & World Report and others for its high-quality learning experience, student success, affordability, and high-caliber of faculty and students. Whether a student chooses face-to-face or online courses, Beacom’s programs emphasize real-world experience through professional organizations, quality internships and capstone projects.


Founded in 1862 and the first university in the Dakotas, the University of South Dakota is the only public liberal arts university in the state, with 202 undergraduate and 84 graduate programs in the College of Arts & Sciences, School of Education, Knudson School of Law, Sanford School of Medicine, School of Health Sciences, Beacom School of Business and College of Fine Arts. With an enrollment of nearly 10,000 students and more than 400 faculty, USD has a 16:1 student/faculty ratio, and it ranks among the best in academics and affordability. USD’s 18 athletic programs compete at the NCAA Division I level.


Hanna DeLange
USD News