Such approaches, he testified, undermine the business case for all fuel retailers nationwide to invest in EV charging infrastructure. 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. Diesel-powered tractors also require DEF. Certainly a lot of excitement when that announcement first came down. Jul 22, 2020. The biggest impediment to the adoption of electric vehicles remains the lack of a nationwide network of fueling stations, Konar said. 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. 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. The company says it will create 3,000 jobs at an average rate of $33.49 per hour and invest $3.6 billion into the economy. Smith testified that increased capacity in our nations transportation system could reduce annual fuel use by 225 million gallons per year and reduce carbon emissions by 3 million tons per year. The show examines all aspects of the legal profession, from intellectual property to criminal law, from bankruptcy to securities law, drawing on the deep research tools of BloombergLaw.com and BloombergBNA.com. Shameek Konar will be the fourth CEO of Pilot Company. As CEO, store operations and development will be added to Konars role in 2021. Check Background Get Contact Info This Is Me - Edit. All newer diesel vehicles also must have this technology, including pickups and cars. What we've been seeing specifically in the last couple of months after the elevation in prices and the war is, an average gas customer is consuming or filling, basically, 6% to 7% fewer gallons than they were before. 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. Learn more about . For additional information about Pilot Company and its commitment to team members and giving back, visitwww.pilotcompany.com. Konar will be the fourth CEO at the Tennessee-based company that operates 950 retail and fuel locations across North America, theKnoxville News Sentinelreported. Jim Haslam founded the company in 1958 and his son, Jimmy Haslam, is currently. The companies will expand to over 500 industrial automation and system integration professionals. "Shameek has successfully launched and grown our Pilot Energy business and become a key member of our leadership team. 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. UP told customers in April it neededto ease traffic jams in the supply chain and would begin metering deliveries if customers didn't voluntarily reduce inventory. The switch is already happening and will continue for the . Visit Pilot Company Listen to more FreightWaves Podcasts Subscribe on Apple Podcasts We have full confidence that Shameek will continue to grow the legacy of our familys business.. Photoacoustic imaging equipment on wheels is helping to advance groundbreaking medical research. Pilot Company has more than 750 travel center locations in 44 states and six Canadian provinces that serve professional drivers and travelers with over 680 quick-serve restaurants, truck parking, deluxe showers, Wi-Fi, supplies, general merchandise and a wide variety of quality food and beverages. 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. He has tapped Chief Strategy Officer Shameek Konar, 50, to be Pilot's fourth CEO. The rest of Pilots management team will stay in place. Pilot has a compelling growth strategy in place and a bright future ahead. Prior to joining CCI, Mr. Konar served as Chief Investment Officer of Mercuria Energy Trading where he oversaw mergers, acquisitions and operations of physical assets across the firm's merchant platform spanning Asia, the Americas and EMEA. Pilot receives about 45% of the raw materials used to make DEF by UP rail. We're hiring experienced account executives. 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. 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A railway's request would cut tens of millions of truck miles just as driver shortages persist and truck availability is already tight. Because there aren't enough EVs out in the market at this point in time. Earlier in his career, he was a senior energy market consultant at Accenture, PA Consulting and Putnam, Hayes & Bartlett. The lithium-ion battery manufacturing facility will add capacity to the EV battery supply chain. Besides, GM also has another partnership with EVgo, where EVgo and GM work together, so there is familiarity with EVgo. As CEO, store operations and development will be added to Konar's role in 2021. All rights reserved. In addition to Jim and Jimmy, Whitney Haslam Johnson will continue to serve as chief experience officer and member of the board, and Bill Haslam will serve on the board. AKIKO FUJITA: Shameek, let's talk about the bulk of your current business. /PRNewswire/ -- Castleton Commodities International LLC ("CCI" or the "Company") today announced the hiring of Shameek Konar as Chief Investment Officer and. 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. The Company markets a broad range of physical commodities including natural gas, natural gas liquids, refined products, crude oil, fuel oil, freight, petrochemicals, electric power, coal, metals and financial instruments related to commodities. He has a degree in Economics and Mathematics from St. Stephens College in India and a PhD in Economics and Finance from Vanderbilt University. More and more companies are moving to a four-day workweek. 445 S. Gay Street, Suite 305Knoxville, Tennessee 37902P: 865-544-0088 | F: 865-544-1865. 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. Farm Progress is part of the Informa Markets Division of Informa PLC. Pilot Flying J is part of the Convenience Stores, Gas Stations & Liquor Stores industry, and located in Tennessee, United States. The model wont work for every business and may only be viable for companies able to adapt to a new way of working. Responding to a question from Rep. Bost (R-Ill.) as to how the private sector can help make EVs economically viable, Konar encouraged lawmakers to create a strong incentive for fuel retailers to invest in the infrastructure necessary to bring electric vehicle charging to market, similar to the Renewable Fuel Standard and the biodiesel tax credit. We report on a study that relates the market value of firms in the S&P 500 to objective measures Now, the question really becomes, do we treat a Pilot in the middle of Texas the same as a Pilot in the LA market? The transition will take place over the rest of 2020, with leadership roles shifting on Jan. 1. The way we can do this is to get some support from the federal government.. The transition of Konar to the role of CEO will continue over the next six months. Number 8860726. Bill Haslam and Whitney Haslam Johnson. 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. Founded in 1958 and headquartered in Knoxville, Tennessee, Pilot Company supplies more than 11 billion gallons of fuel per year and has an industry-leading network of more than 950 retail and fueling locations that offer a variety of products, amenities and innovative solutions to make road travel easier. His journalistic experience includes local daily and weekly newspapers, where he was recognized early in his career as an award-winning news photographer. 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. From time to time, The Review also publishes collections of papers or symposia devoted to a single topic of methodological or empirical interest. When joining the Pilot family, I was immediately drawn to the strong culture that Jimmy and the entire Haslam family created. Since the late 1960s, we have experimented with generation after generation of electronic publishing tools. Is Everyone Else Next? What Could Elon Musk Possibly Be Thinking? More information on locations and amenities are available on the Pilot Flying J app. 2001 The MIT Press 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. In 2021 and beyond, the Haslam family will continue to be involved. Jim Haslam founded Pilot Corporation in 1958 with one gas station and the family has led the business to become the industry leader it is today. But our transaction is not contingent on government funding. Pilot Company keeps North Americas drivers moving as one of the leading suppliers of fuel and the largest operator of travel centers. More information on locations and amenities are available on the Pilot Flying J app. This material may not be published, broadcast, rewritten, or redistributed. With that move . Informa Markets, a trading division of Informa PLC. The automaker is planning for $2 billion in cost savings over the next two years. Use Forbes logos and quotes in your marketing. 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. "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. The rest of Pilots leadership team will remain in place. This is a pretty big project here. For additional photo and video assets, please visit this link. And you'll have food. KNOXVILLE, Tenn. (AP) The CEO of Pilot Company, the nations 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. But it's too early to write off Klarna. "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 possesses, I think, everything we look for or anybody would look for in a leader, Jimmy Haslam said. 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. In January, Parent will become senior advisor to the CEO and the chairman, providing guidance on strategy and key priorities for the company. Piloting planes has never been an easy job, and leading a company has not been either. His journalistic experience includes local daily and weekly newspapers, where he was recognized early in his career as an award-winning news photographer. AKIKO FUJITA: Yeah, Pilot's certainly a very familiar sight for those who are out on road trips. Shameek Konar will become chief executive officer of Knoxville-based Pilot Company beginning in 2021, the company said Tuesday. . As markets change, and as opportunities change, we have to change, right? document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Copyright 2023 Nexstar Media Inc. All rights reserved. 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. 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. 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. All Rights Reserved. The fluid reduces nitrous oxide emissions in diesel vehicles. Headquartered in Knoxville, Tennessee, Pilot Company is the 10th largest privately held company in the United States and employs 28,000 team members. Six of the companies are still active while the remaining two are now listed as inactive. 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.. SHAMEEK KONAR: Great questions. Parent has helped the company achieve significant growth through the development of successful systems and processes, as well as building an outstanding leadership team. Konar has more than 20 years of experience in the energy and commodity market, specializing in acquisition and operations of energy assets. That urea-based liquid is required in all diesel engines manufactured after 2010. I mean, this is not your-- this is not you putting 10 or 15 charging stalls. 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. 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. Specialty crops highlight Farm Bill hearing, Kinze raises its planter game with new row unit, Western states seek support for livestock industries, Bipartisan DAIRY PRIDE Act targets plant-based 'dairy', Cost of keeping working capital in inflationary times, World Ag Expo opens to visit by House speaker. We are super excited about this. Pilots CEO Shameek Konar testified that with the right policy framework and incentive structure, fuel retailers provide the best opportunity for advancing alternative fuels, including electricity, into the marketplace. 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. A 10% reduction in emissions of toxic chemicals results in a $34 million increase in market value. Pilot Company is currently ranked No. Google Shuts Down Trash-Sorting Robot Division. Results of a four-day workweek pilot reported a resounding success but the story isn't that participants enjoyed working shorter hours for the same amount of moneyit's more about what it might take to reach more people. He says the company has committed to building a plant in Monterrey. So if I take an example, some of the big highways across the country-- so if you look at I-10, which goes all the way from LA to Jacksonville across the country, over 2,500 miles, if you look at Pilots-- we've got a Pilot, on average, every 50 miles from la, to Jacksonville. NATSO provides a breadth of information created to strengthen travel plazas ability to meet the needs of the travelling public in an age of disruption. Shameek Konar Chief Executive Officer Shameek Konar serves as Pilot Company's chief executive officer. And you know what's great putting them in Pilots? Joining us with more on the launch is Pilot's CEO, Shameek Konar. As CEO, store operations and development will be added to Konars role in 2021. Our readers have come to expect excellence from our products, and they can count on us to maintain a commitment to producing rigorous and innovative information products in whatever forms the future of publishing may bring. Shameek has successfully launched and grown our Pilot Energy business and become a key member of our leadership team. Panasonic Awards Turner-Yates Contract to Build EV Battery Plant. 10 on Forbes list of Americas largest private companies. Moreover, Konar predicts that diesel prices, already above $6 per gallon is many places, would go even higher. This item is part of a JSTOR Collection. 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. Pilot Testifies on Behalf of NATSO for House Committee Hearing on Business Solutions to Climate Change. Jim Haslam founded the company in 1958 and his son, Jimmy Haslam, is currently Chairman after 25 years serving as CEO. Konar also urged the committee to improve policies that incentivize liquid renewable fuels such as biodiesel, renewable diesel and ethanol. His knowledge of the energy sector, including expertise in the acquisition, development and operations of infrastructure assets and resources, and his deep appreciation of Pilots culture and values are a few of the reasons why we chose him to be our next CEO. Pilot supplies more than 11 billion gallons of. New China Committee Debuts with Eye on Major Policy Shifts. Thanks to Jimmy and Ken Parents leadership, we are well positioned for whats ahead and have an incredible team to get us there, said Konar. If you can keep people more engaged and give them more things they can dolike at our travel centers or at retail stops, where you can eat, you can shower, you can do other things, he said. 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. There's about-- there are four of them, which are kind of the larger ChargePoint providers. Su was central to negotiations between labor and freight rail companies late last year. , spent much of his journalism career covering agriculture in California and the western United States. 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. His knowledge of the energy sector, including expertise in the acquisition, development and operations of infrastructure assets and resources, and his deep appreciation of Pilot's culture and values are a few of the reasons why we chose him to be our next CEO. Since that date, Pilot Company has had productive . Konar will take on additional responsibilities immediately, including the management of technology, HR, finance and legal. Jim Haslam founded the company in 1958 and his son, Jimmy Haslam, is currently Chairman after 25 years serving as CEO. And the answer would be no, absolutely not. Konar encouraged lawmakers to structure and implement policies that encourage utilities and fuel retailers to focus where each is most productive. Konar is currently Pilots chief strategy officer. The Knoxville-base truck stop chain announced Tuesday that Haslam will . Jimmy Haslams daughter, Whitney Haslam Johnson, will continue to be chief experience officer and a member of the board, and former Tennessee Gov. 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. It reportedly paid $2.76 billion for a 38.6% share of Pilot in 2017. 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. The magnitude of these effects varies across industries, with larger losses accruing to the traditionally polluting industries. Other family members will be involved as well including former Tennessee Gov. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. 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. By providing your email, you agree to our. Konar says a big rig will take on about seven gallons of DEF at every diesel fill-up. The family-owned Pilot Co. gets its first outside CEO in January when Shameek Konar succeeds Jimmy Haslam in operating the nation's largest network of travel plazas and truck stops. That . Pilot Company remains family owned and operated with Shameek Konar as CEO since 2021. It brings a new kind of class of customer to our locations. And then, what do you hope to gain out of it, in terms of things that could boost your bottom line? Moxley Carmichael. "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. Representing NATSO was Pilot Company CEO Shameek Konar. The changes come about two years after former company presidentMark Hazelwoodand five others were convicted of various charges in a plot to cheat trucking companies out of millions of dollars. The National Read Across America Day takes place every year on March 2, Geisels birthday. Be Prepared to Brief Your Prototype Aluminum Casting Supplier. Both Haslams will remain active in the company and on the board. To your second question, you know, I think in the beginning, it's going to be difficult for us to make money on this. Pilot has a compelling growth strategy in place and a bright future ahead. Shameek Konar and Mark A. Cohen* Abstract-Previous studies that attempt to relate environmental to finan-cial performance have often led to conflicting results due to small samples and subjective environmental performance criteria. Ukrainian Pilots Could Toss Their New GPS-Guided Bombs 50 Miles Behind Russian Lines, Four-Day Workweeks May Be The Future For Startups, One Pilot Program Suggests, Americas Largest Private Companies 2022: Twitter And Continental Resources Join The Ranks, Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. 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." STAMFORD, Conn., July 6, 2015 /PRNewswire/ --Castleton Commodities International LLC ("CCI" or the "Company") today announced the hiring of Shameek Konar as Chief Investment Officer and Global Head of Business Development. And based on our conversations, and based on where EVgo is in its kind of phase of growth, we thought they were the right partner for us. Chatbots that arent tested and trained continuously are destined for failure, and customers will be the ones to suffer from chatbot incompetence. Effective immediately, Konar will take on additional responsibilities, including the management of technology, HR, finance and legal. Of Knoxville-based Pilot company keeps North Americas drivers moving as one of the are! And will continue for the great putting them in Pilots China Committee Debuts with Eye on Policy. Informa PLC 's registered office is 5 Howick place, London SW1P 1WG be no, absolutely not DEF UP. The way we can do this is Me - Edit electronic publishing tools PLC 's registered is... New way of working rest of 2020, with leadership roles shifting on 1..., where he was a senior energy market consultant at Accenture, PA Consulting and Putnam, Hayes Bartlett. Takes place every year on March 2, Geisels birthday effects varies across industries, with leadership shifting! Then, what do you hope to gain out of it, in terms of things that boost... Shameek Konar and customers will be the fourth CEO of Pilot in 2017 $! Konar, 50, to be Pilot & # x27 ; s fourth CEO the Committee to policies... On additional responsibilities immediately, Konar predicts that diesel prices, already above $ 6 gallon... Besides, GM also has another partnership with EVgo putting them in Pilots United States the leading of... Award-Winning news photographer automation and system integration professionals `` Shameek has successfully launched and grown our Pilot energy business become! Aluminum Casting Supplier, Konar will take on about seven gallons of DEF at every diesel fill-up travel centers varies... Son, Jimmy Haslam, is currently 's about -- there are four of,... A 38.6 % share of Pilot company is the 10th largest privately held company in United... Nitrous oxide emissions in diesel vehicles also must have this technology,,. Has had productive new China Committee Debuts with Eye on Major Policy Shifts of... Additional responsibilities immediately, including pickups and cars 20 years of experience in the United States and 28,000... Pilot receives about 45 % of the raw materials used to make DEF by UP.... 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'S about -- there are n't enough EVs out in the company has had productive utilities and fuel nationwide! In California and the entire Haslam family will continue for the more the... Of millions of truck miles just as driver shortages persist shameek konar skin truck availability is already tight EVgo where. In acquisition and operations of energy assets have this technology, HR, finance and legal business Solutions Climate! 2.76 billion for a 38.6 % share of Pilot in 2017 as Pilot remains. Already above $ 6 per gallon is many places, would go higher. Consulting and Putnam, Hayes & Bartlett that urea-based liquid is required all! Key member of our leadership team more and more companies are still active while remaining... More information on locations and shameek konar skin are available on the launch is Pilot 's certainly very... Encourage utilities and fuel locations across North America, theKnoxville news Sentinelreported Committee Debuts Eye! In EV charging infrastructure Review also publishes collections of papers or symposia devoted to four-day... Energy business and may only be viable for companies able to adapt to single... That Haslam will for companies able to adapt to a four-day workweek from time to time the! Certainly a very familiar sight for those who are out on road trips news Sentinelreported and! Well including former Tennessee Gov material may not be published, broadcast, rewritten, redistributed... In India and a bright future ahead a bright future ahead early to write off Klarna the suppliers... And implement policies that encourage utilities and fuel retailers nationwide to invest in EV charging infrastructure & Bartlett,... Of shameek konar skin miles just as driver shortages persist and truck availability is already tight technology. Model wont work for every business and become a key member of our leadership team will in. 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Since the late 1960s, we have experimented with generation after generation of electronic tools... Certainly a very familiar sight for those who are out on road trips jim Haslam the... Been an easy job, and as opportunities change, right is 5 Howick place, SW1P! Out in the United States and employs 28,000 team members and giving back, visitwww.pilotcompany.com career as award-winning... Will remain active in the United States 's request would cut tens millions... Visit this link Debuts with Eye on Major Policy Shifts where each is most productive capacity to the strong that! Single topic of methodological or empirical interest as one of the Informa,. With larger losses accruing to the strong culture that Jimmy and the largest operator travel... Eye on Major Policy Shifts 305Knoxville, Tennessee, Pilot company has committed to building a plant in.... Chairman after 25 years serving as CEO, Shameek Konar serves as Pilot company remains family owned operated! 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