Subscribe to receive the latest information. Jul 22, 2020 iStock KNOXVILLE, Tenn. (AP) The CEO of Pilot Company, the nation's largest fuel retailer, announced Tuesday that he will transition to chairman of the board at the beginning of next year and chief strategy officer Shameek Konar will take the lead role at the company. Aside from reporting about issues related to farm production, environmental regulations and legislative matters, he has extensive experience covering the dairy industry, western water issues and politics. About Pilot CompanyPilot Company keeps North America's drivers moving as one of the leading suppliers of fuel and the largest operator of travel centers. All Rights Reserved. SHAMEEK KONAR: No, that's a great question. James (Jim) Haslam, who started the company in 1968 as single gas station, will remain involved in the company as well as chairman emeritus. And you know, we finally got it done. "Since day one with Pilot in 2017, Shameek has shown his dedication to advancing our company and the industry," said Jimmy Haslam, current CEO of Pilot Company. Shameek Konar has been associated with eight companies, according to public records. Be Prepared to Brief Your Prototype Aluminum Casting Supplier. Shameek Konar, the CEO of Pilot Flying J truck stops and gas stations, explained during a hearing that on April 13, Pilot Flying J was informed by Union Pacific Railways (UP) that the company was "required to reduce shipments by 26 percent." This next phase of leadership ensures the company will remain committed to the industry and to expanding the business while upholding the values instilled by the Haslam family. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, CCI adquiere una participacin mayoritaria en la empresa europea de almacenamiento de bateras S4 Energy BV, CCI erwirbt Mehrheitsbeteiligung an europischem Batteriespeicherunternehmen S4 Energy BV. Of importance to NATSO members, lawmakers and witnesses discussed the role of the private sector in advancing electric vehicle charging in the marketplace and the need for public utilities to perform the necessary generation development and power grid restructuring work through its regulated monopoly. Not only would prices go up for DEF, which is now the highest it's ever been at nearly $4 per gallon. Pilot Company is currently ranked No. CEO Jimmy Haslam will transition to the fuel company's chairman of the board role beginning Jan. 1. Certainly a lot of excitement when that announcement first came down. Pilot Company remains family owned and operated with Shameek Konar as CEO since 2021. If you are stuck for 40 minutes in some place and it does not have a lot of amenities, it will be challenging.. Berkshire Hathaway owns a large stake in the company and is expected to increase its ownership to 80% by 2023. That urea-based liquid is required in all diesel engines manufactured after 2010. About Pilot Company You're going to stop to charge your car at the same location. Copyright 2023. This is untenable for trucking and the U.S. economy. The House Transportation and Infrastructure Committee on March 17 held a four-hour hearing on business solutions to climate change. When you go on a road trip or across the country, you don't change your behavior. For additional photo and video assets, please visit this link. With that move . We are super excited about this. GM Making Some Performance-Related Job Cuts. So we don't necessarily have, here's the dollar amount, our goal is to put it in 500 sites, our goal is to have 2,000 stalls. This is a pretty big project here. July 22, 2022, 9:06 AM Pilot Company CEO Shameek Konar joins Yahoo Finance Live to discuss its plans to roll out an EV charging network in partnership with GM and EVgo, and the outlook for the. The aircraft are already here. In January, Parent will become senior advisor to the CEO and the chairman, providing guidance on strategy and key priorities for the company. Konar joined seven other witnesses from the private sector and public utilities, including FedEX Chair and CEO Fred Smith as well as Laurie Giammona from Pacific Gas and Electric. But over time, we fully feel like this will be a great new set of customers who are going to come to our locations. So our hope is not to change customer behavior. We have full confidence that Shameek will continue to grow the legacy of our familys business.. Youve gone from two minutes to fuel a car to 40 minutes or 30 minutes to charge your car. It brings a new kind of class of customer to our locations. Shared by Shameek Konar Join now to see all activity Experience Chief Executive Officer Pilot Company Jan 2021 - Present2 years 2 months Knoxville, Tennessee, United States Chief Strategy Officer. Because there aren't enough EVs out in the market at this point in time. Previous studies that attempt to relate environmental to financial performance have often led to conflicting results due to small samples and subjective environmental performance criteria. The real estate team will continue to report to Jimmy Haslam and the store operations and development teams will continue to report to Ken Parent, president. Other family members will be involved as well including former Tennessee Gov. Whether encountering turbulent times or smooth sailing, leaders can look to a number of ways to keep a strong company culture. "Thanks to Jimmy and Ken Parent's leadership, we are well positioned for what's ahead and have an incredible team to get us there," said Konar, chief strategy officer at Pilot. Check Background Get Contact Info This Is Me - Edit. Pilot Company, headquartered in Knoxville, is ranked No. After controlling for variables traditionally thought to explain firm-level financial performance, we find that bad environmental performance is negatively correlated with the intangible asset value of firms. The Pilot Flying J travel center network includes locations in 44 states and six Canadian provinces with more than 680 restaurants, 74,000 truck parking spaces, 5,300 deluxe showers, 6,200 diesel lanes and 35 Truck Care service centers. As a family operated company for 62 years, Founder James (Jim) Haslam and Jimmy Haslam will remain involved in the business as chairman emeritus and chairman, respectively. That could be why a growing number of agile, flexible startups see the four-day week as the future. Konar joined seven other witnesses from the private sector and public utilities, including FedEX Chair and CEO Fred Smith as well as Laurie Giammona from Pacific Gas and Electric. Pilot is the 10th largest private company in the U.S.,according to Forbes, with 26,000 employees and revenue of about $29 billion per year. The real estate team will continue to report to Jimmy Haslam and the store operations and development teams will continue to report to Ken Parent, president. As CEO, store operations and development will be added to Konars role in 2021. It will only help the adoption of EVs. We have full confidence that Shameek will continue to grow the legacy of our family's business.". Farm Progress Show annually hosts more than 600 exhibitors displaying new farm equipment, tractors, combines and farm implements; seed and crop protection products; and many additional farm supplies and services. Stellantis Investing $155M in Three Indiana Plants. The way we can do this is to get some support from the federal government.. Headquartered in Knoxville, Tennessee, Pilot Company is the 7 th largest privately held company in the United States and employs 28,000 team members. 2023 Industrial Media, LLC. As a family operated company for 62 years, Founder James (Jim) Haslam and Jimmy Haslam will remain involved in the business as chairman emeritus and chairman, respectively. As CEO, I will be deeply committed to keeping those values in place and investing in our team, while also working to better serve our guests, advance our goals and continue to strategically grow the business.". With $180 million in sales last year, Whisker aims to get stinking rich from the business of kitties doing their business. Corn, soybeans bounce back after Tuesdays severe slump, Calf prices strengthen, cattle herd shrinking. NATSO thinks that policies to advance the adoption of electric vehicles should foster a dynamic and competitive marketplace that encourages private sector investment in electric vehicle charging infrastructure, and avoid harming those businesses best positioned to accelerate EVs in the market. Shameek Konar, Pilot Corp: Profile and Biography - Bloomberg Markets Subscribe Live Now Bloomberg TV+ Bloomberg Surveillance: Early Edition Bloomberg Surveillance: Early Edition with Anna. Shameek Konar Mark A. Cohen Previous studies that attempt to relate environmental to financial performance have often led to conflicting results due to small samples and subjective. Subscribe to updates and stay connected on the latest news from NATSO. This next phase of leadership ensures the company will remain committed to the industry and to expanding the business while upholding the values instilled by the Haslam family. Request Permissions. And I ask, because obviously, there was some money set aside in the infrastructure bill. And that is, of course, gas stations, we have seen gas prices come down, but we're still looking at very elevated levels across the country. Jimmy Haslams daughter, Whitney Haslam Johnson, will continue to be chief experience officer and a member of the board, and former Tennessee Gov. Shameek has successfully launched and grown our Pilot Energy business and become a key member of our leadership team. A potential embargo by Union Pacific of the company that owns Pilot and Flying J truck stops could be catastrophic to an already troubled supply chain, according to that company's chief executive. There's about-- there are four of them, which are kind of the larger ChargePoint providers. The companies were formed over a twenty year period with the most recent being incorporated one year ago in May of 2021. The decision by the Biden Administration to curtail fuel shipments via pipeline from Canada, and the decision to curtail U.S. oil production is directly responsible for the pain at the pump and a national inflation rate closing in on 10%. Shameek possesses, I think, everything we look for or anybody would look for in a leader, Jimmy Haslam said. Konar will take on additional responsibilities immediately, including the management of technology, HR, finance and legal. Headquartered in Knoxville, Tennessee, Pilot Company is the 7th largest privately held company in the United States and employs 28,000 team members. We need to keep that in mind. Hes very smart, great work ethic, a very humble man, and I think understands people very well. Konar also urged the committee to improve policies that incentivize liquid renewable fuels such as biodiesel, renewable diesel and ethanol. (Podcast), Former Chief Invsmt Ofcr/Global Head:Business Dev, Castleton Commodities Merchant TD LP. Registered in England and Wales. The company has grown to become the nation's largest operator of travel centers with more than 950 locations and is the largest seller of over-the-road diesel fuel. Subscribe - Today in Manufacturing Podcast, BAE Systems Awarded $145 Million Contract for USS Nitze Modernization, The Promise of Mobile Photoacoustic Imaging, U.S. is Sitting On a Gold Mine of Excess Heat, In Defense of Paper and Everything That Replaced It, U.S. Sues Chemical Company Over Cancer Risk, DOE Grants $375M Loan for Lithium Battery Recycling Plant, Mexican President Says Tesla to Build Plant in Mexico. 445 S. Gay Street, Suite 305Knoxville, Tennessee 37902P: 865-544-0088 | F: 865-544-1865. EVgo, the fast-charging network company operating and installing these stalls saw its shares jump over 15% on the announcement, though shares have pared some of those gains. Shameek Konar will become chief executive officer of Knoxville-based Pilot Company beginning in 2021, the company said Tuesday. The rest of Pilots leadership team will remain in place. Avoid making these seven mistakes to craft a stronger, more resilient retail strategy for your product business. Both Haslams will remain active in the company and on the board. So for example, EVgo's got a great lab, where they test out a number of different chargers, and try to improve the product. Pilot Company's energy division supplies fuel, DEF, bio and renewables and provides hauling and disposal services as the third largest tanker fleet in North America. About Castleton Commodities International LLCCCI is a global commodities merchant with an integrated set of operations consisting of physical and financial commodities trading and the ownership, operation, and development of commodities-related upstream and infrastructure assets. Since the late 1960s, we have experimented with generation after generation of electronic publishing tools. The Press's enthusiasm for innovation is reflected in our continuing exploration of this frontier. But our transaction is not contingent on government funding. Taking into account various assets, Shameek's net worth is greater than $499,999; and makes between $150 - 174,999 a year. Konar further testified that U.S. diesel inventories are running 10-15% below their lowest point in the last five years, further exacerbating supply issues and raising the cost of diesel. Really appreciate it. The transition of Konar to the role of CEO will continue over the next six months. Pilot Flying J Location 5508 Lonas Dr, Knoxville, Tennessee, 37909, United States Description Industry I'm curious how that has affected your business. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. That . About 10 years ago biodiesel and biofuels were not [economically viable] and available in the market and our customers didnt want it, Konar said. Such approaches, he testified, undermine the business case for all fuel retailers nationwide to invest in EV charging infrastructure. The One9 Fuel Network provides fleets and professional drivers with more places to stop at a variety of fueling locations. Now, the question really becomes, do we treat a Pilot in the middle of Texas the same as a Pilot in the LA market? Is Everyone Else Next? Mr. Konar will be based in CCI's Houston office where he will be responsible for managing the Company's investments in commodities-related assets and structured transactions, integrating these assets with CCI's trading platform, and expanding CCI's asset footprint globally. And definitely, we're still way below 2019 levels, both at Pilots and across the country. So I think people are being way more cautious about the amount of money they're spending, and it is impacting our sales. And public-private partnerships like this would be the way for us to move forward. Why? KNOXVILLE, Tenn. (July 21, 2020) - Pilot Company, the leading supplier of fuel and the largest operator of travel centers in North America, announced today that CEO Jimmy Haslam will become chairman of the board on January 1, 2021, and has named Shameek Konar, the company's chief strategy officer, as CEO at that time. Pilot Company remains family owned and operated with Shameek Konar as CEO since 2021. Pilot and Flying J CEO Shameek Konar recently testified before the Surface Transportation Board, telling members that the railway's request to significantly cut rail shipments or face embargo would cut tens of millions of truck miles from the highways at a time when driver shortages and truck availability is already tight. So the first part, in terms of how much it's going to cost-- we've kind of stuck to the goal of reducing range anxiety. Lawmakers hope to overcome partisan divisions and address a "generational challenge" to America's national security. Konar will be the fourth CEO at the Tennessee-based company that operates 950 retail and fuel locations across North America, theKnoxville News Sentinelreported. Konar joined Pilot in 2017 to grow its energy business. Much of Konar's testimony, and questions from the panel, centered on the availability of diesel exhaust fluid, or DEF. Renowned financier, Co-Founder of The Carlyle Group, and philanthropist David Rubenstein provides unparalleled access to the world's most successful investors. A railway's request would cut tens of millions of truck miles just as driver shortages persist and truck availability is already tight. Edited at Harvard University's Kennedy School of Government, The Review has published some of the most important articles in empirical economics. 10 on Forbes list of Americas largest private companies. Jim Haslam founded the company in 1958 and his son, Jimmy Haslam, is currently Chairman after 25 years serving as CEO. Since day one with Pilot in 2017, Shameek has shown his dedication to advancing our company and the industry, Jimmy Haslam said in a company news release. For additional information about Pilot Company and its commitment to team members and giving back, visit www.pilotcompany.com. Flying low and fast toward the front line, a Ukrainian jet lugging a load of JDAM-ERs would pitch up and toss the bombs like a softball pitcher underhanding strikes. He has a degree in Economics and Mathematics from St. Stephens College in India and a PhD in Economics and Finance from Vanderbilt University. The Haslams weren't charged with wrongdoing. Diesel-powered tractors also require DEF. Media Contacts: Edelman Mike Geller +1 (212) 729-2163 [emailprotected], SOURCE Castleton Commodities International LLC, Cision Distribution 888-776-0942 Shameek has successfully launched and grown our Pilot Energy business and become a key member of our leadership team. Before Mercuria, Mr. Konar was Managing Director and Global Co-Head of Commodities Principal Investments at Goldman Sachs. Pilot unions are preparing for battle. It's good to talk to you today. Jim Haslam founded the company in 1958 and his son, Jimmy Haslam, is currently. in April it neededto ease traffic jams in the supply chain and would begin metering deliveries if customers didn't voluntarily reduce inventory. It reportedly paid $2.76 billion for a 38.6% share of Pilot in 2017. "We're not aware of any other company being instructed by the Union Pacific or any other railroad to reduce their shipments to the extent they're asking," Konar testified. "When joining the Pilot family, I was immediately drawn to the strong culture that Jimmy and the entire Haslam family created. We do not have any of the money secured at this point. Effective immediately, Konar will take on additional responsibilities, including the management of technology, HR, finance and legal. Pilot and Flying J supplies about 30% of the U.S. DEF supply and the diesel-powered trucks that run the highways need it, he said. Konar has more than 20 years of experience in the energy and commodity market, specializing in acquisition and operations of energy assets. Pilot Flying J is part of the Convenience Stores, Gas Stations & Liquor Stores industry, and located in Tennessee, United States. Reporters from Bloomberg's Washington, D.C. bureau are prominently featured as they offer analysis of policy and legal issues. Musks TeslaMaster Plan Lacks Drive. We conclude that legally emitted toxic chemicals have a significant effect on the intangible asset value of publicly traded companies. How much of that's actually been secured already? The company has grown to become the nations largest operator of travel centers with more than 950 locations and is the largest seller of over-the-road diesel fuel. The magnitude of these effects varies across industries, with larger losses accruing to the traditionally polluting industries. I mean, this is not your-- this is not you putting 10 or 15 charging stalls. By providing your email, you agree to our. Representing NATSO was Pilot Company CEO Shameek Konar. Here are some ideas. Moxley Carmichael. The biggest impediment to the adoption of electric vehicles remains the lack of a nationwide network of fueling stations, Konar said. In one-on-one interviews, Rubenstein will learn investing strategies and tactics from some of the world's top wealth creators. Todd Fitchette, associate editor with Western Farm Press, spent much of his journalism career covering agriculture in California and the western United States. UP trains deliver raw product to Pilot's 23 rail-served facilities, which it converts to a finished product before delivering by truck to retail locations. The Haslam family, the news release noted, will continue to be involved in Pilot Company, the nations largest operator of travel centers with more than 950 locations and the largest seller of over-the-road diesel fuel. Meanwhile, the number of U.S. oil refineries has fallen from 301 in 1982, to 124 in 2021 and more are being shuttered as we speak. New China Committee Debuts with Eye on Major Policy Shifts. , spent much of his journalism career covering agriculture in California and the western United States. Shameek Konar will be the fourth CEO of Pilot Company. The company supplies more than 14 billion gallons of fuel per year and also provides DEF, bio and renewables to the market. Shameek Konar will become chief executive officer of Knoxville-based Pilot Company beginning in 2021, the company said Tuesday. Konar encouraged lawmakers to structure and implement policies that encourage utilities and fuel retailers to focus where each is most productive. Shameek's personal network of family, friends, associates & neighbors include Gary Mercer, Mark Worscheh, Edward Bracewell, Hannah Worscheh and Elaine Bracewell. The Committee, which invited NATSO to testify, effectively kicked off the first of a series of hearings that will undoubtedly lay the groundwork for Congress to draft infrastructure legislation in the coming months. For additional information about Pilot Company and its commitment to team members and giving back, visitwww.pilotcompany.com. Nation's largest fuel retailer announces new . Chatbots that arent tested and trained continuously are destined for failure, and customers will be the ones to suffer from chatbot incompetence. The Review of Economics and Statistics KNOXVILLE, Tenn., July 21, 2020 /PRNewswire/ --Pilot Company, the leading supplier of fuel and the largest operator of travel centers in North America, announced today that CEO Jimmy Haslam will become chairman of the board on January 1, 2021, and has named Shameek Konar, the company's chief strategy officer, as CEO at that time. KNOXVILLE, Tenn., July 21, 2020 /PRNewswire/ -- Pilot Company, the leading supplier of fuel and the largest operator of travel centers in North America, announced today that CEO Jimmy Haslam will. The real estate team will continue to report to Jimmy Haslam and the store operations and development teams will continue to report to Ken Parent, company president. During the hearing, lawmakers and panelists discussed the Biden Administrations goal of adding 50,000 electric vehicle charging stations along U.S. highways and the need for modernizing Americas transportation and infrastructure systems while lowering the nation's carbon footprint. And we are going to size the number of chargers we put in these locations based on demand. His journalistic experience includes local daily and weekly newspapers, where he was recognized early in his career as an award-winning news photographer. For all alerts and more info please Konar asked the committee to consider the EV charging experience for customers as they transition to electric vehicles. More information on locations and amenities are available on the Pilot Flying J app. Shameek Konar CEO Pilot Company Shameek Konar serves as Pilot Company's chief executive officer. It also generated $1 billion in losses last year. KNOXVILLE, Tenn. (July 21, 2020) Pilot Company, the leading supplier of fuel and the largest operator of travel centers in North America, announced today that CEO Jimmy Haslam will become chairman of the board on January 1, 2021, and has named Shameek Konar, the companys chief strategy officer, as CEO at that time. Among the largest university presses in the world, The MIT Press publishes over 200 new books each year along with 30 journals in the arts and humanities, economics, international affairs, history, political science, science and technology along with other disciplines. Shameek Konar will be the fourth CEO of Pilot Company, a company that operates 950 retail and fuel locations across North America, sources reported. Shameek Konar will be the fourth CEO of Pilot Company. All rights reserved. Parent has helped the company achieve significant growth through the development of successful systems and processes, as well as building an outstanding leadership team, the company said. Related by Industry: Convenience Stores & Gas Stations. 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From time to time, The Review also publishes collections of papers or symposia devoted to a single topic of methodological or empirical interest. Pilot receives about 45% of the raw materials used to make DEF by UP rail. Visit Pilot Company Listen to more FreightWaves Podcasts Subscribe on Apple Podcasts /PRNewswire/ -- Castleton Commodities International LLC ("CCI" or the "Company") today announced the hiring of Shameek Konar as Chief Investment Officer and. Besides, GM also has another partnership with EVgo, where EVgo and GM work together, so there is familiarity with EVgo. And we've been looking to try and find companies to partner with, and we've been working on this for almost a year and a half at this point, with GM and EVgo, to put together what would be a sensible way to basically provide safe, reliable charging, and a solution to range anxiety. And the FAA is playing it cool. Konar says a big rig will take on about seven gallons of DEF at every diesel fill-up. Through the correct market incentives and public policy, the federal government enabled us to provide biofuels cheaper to our customers, which has led to a significant adoption of biofuel. Pilot Company expects to sell 1 billion gallons of biofuels next year, Konar said. The fluid reduces nitrous oxide emissions in diesel vehicles. Through our commitment to new productswhether digital journals or entirely new forms of communicationwe have continued to look for the most efficient and effective means to serve our readership. He has tapped Chief Strategy Officer Shameek Konar, 50, to be Pilot's fourth CEO. All this while wages remain largely stagnant, which in economic terms means that consumers experience regular pay cuts as their buying power falls considerably. A big rig will take on about seven gallons of DEF at every diesel fill-up shameek has successfully launched grown... 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In 1958 and his son, Jimmy Haslam, is currently chairman after 25 years serving CEO... Of kitties doing their business. `` board role beginning Jan. 1 fuel Company #. Not only would prices go up for DEF, which is now the highest it 's been! Testified, undermine the business of kitties doing their business. `` much! On demand enthusiasm for innovation is reflected in our continuing exploration of this frontier Carlyle Group, and I,! With EVgo 15 charging stalls for trucking and the western United States infrastructure! Publishes collections of papers or symposia devoted to a number of ways to keep a strong Company culture partisan and. Single topic of methodological or empirical interest we have full confidence that shameek will continue over the shameek konar skin six.! Brings a new kind of the raw materials used to make DEF by up rail stop at variety... 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