We have full confidence that Shameek will continue to grow the legacy of our familys business.. The magnitude of these effects varies across industries, with larger losses accruing to the traditionally polluting industries. With the investment, more than 265 jobs will be retained across all three plants. Pilot Company announced that CEO Jimmy Haslam will be succeeded in the role by current Chief Strategy Officer Shameek Konar on Jan. 1, 2021, at which point Haslam will become chairman of the board . Parent has helped the company achieve significant growth through the development of successful systems and processes, as well as building an outstanding leadership team. Pilots had a long history of innovating as markets changed and looking for the opportunity.. 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. GM Making Some Performance-Related Job Cuts. As markets change, and as opportunities change, we have to change, right? For one company, it was an opportunity to transform the way clinical trials are conducted, without sacrificing scientific rigor. 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. SHAMEEK KONAR: Great questions. 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. If you use a windshield cover, you can at least forget about scrapping the ice off your windshield to save some time and hassle. Such approaches, he testified, undermine the business case for all fuel retailers nationwide to invest in EV charging infrastructure. In your announcement, you mentioned government grants, incentives, included in the cost, the overall cost. Whether encountering turbulent times or smooth sailing, leaders can look to a number of ways to keep a strong company culture. The model wont work for every business and may only be viable for companies able to adapt to a new way of working. We have seen gas demand definitely retreat from 2021 levels. The House Transportation and Infrastructure Committee on March 17 held a four-hour hearing on business solutions to climate change. Before Mercuria, Mr. Konar was Managing Director and Global Co-Head of Commodities Principal Investments at Goldman Sachs. Shameek Konar, the CEO of Pilot Flying J truck stops and gas stations, revealed during an April 13 hearing that his company was informed by Union Pacific Railways (UP) that the chain is "required to reduce shipments by 26 percent." Not long after, Pilot Flying J was reportedly told to reduce shipments by another 50 percent, or else. Pilot CEO Jimmy Haslam told the newspaper that it's the right time for a change as both he and President Ken Parent, who will switch to an advisor role, are in their 60s and have a lot of miles on us. Haslam and his wife, Dee Haslam, own the NFL's Cleveland Browns. 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. Konar has had a strong track record throughout his career with more than 20 years of experience in the energy and commodity market focusing on acquiring, integrating and optimizing assets. Nation's largest fuel retailer announces new . Pilot Company, headquartered in Knoxville, is ranked No. We report on a study that relates the market value of firms in the S&P 500 to objective measures We talk to all of them in the space, as you can imagine, right? CEO Jimmy Haslam named chairman; Chief Strategy Officer Shameek Konar named CEO. 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. The lithium-ion battery manufacturing facility will add capacity to the EV battery supply chain. I mean, there's a lot of other partners I'm sure you could have gone with out there. For additional photo and video assets, please visit this link. Konar is currently Pilots chief strategy officer. 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. Effective immediately, Konar will take on additional responsibilities, including the management of technology, HR, finance and legal. That could be why a growing number of agile, flexible startups see the four-day week as the future. And public-private partnerships like this would be the way for us to move forward. The companies were formed over a twenty year period with the most recent being incorporated one year ago in May of 2021. 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. When typing in this field, a list of search results will appear and be automatically updated as you type. We were among the first university presses to offer titles electronically and we continue to adopt technologies that allow us to better support the scholarly mission and disseminate our content widely. Headquartered in Knoxville, Tennessee, Pilot Company is the 7th largest privately held company in the United States and employs 28,000 team members. Konar has more than 20 years of experience in the energy and commodity market focusing on acquiring, integrating and optimizing assets, according to a news release. There's about-- there are four of them, which are kind of the larger ChargePoint providers. 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%. He has tapped Chief Strategy Officer Shameek Konar, 50, to be Pilot's fourth CEO. Konar says a big rig will take on about seven gallons of DEF at every diesel fill-up. When joining the Pilot family, I was immediately drawn to the strong culture that Jimmy and the entire Haslam family created. Konar also urged the committee to improve policies that incentivize liquid renewable fuels such as biodiesel, renewable diesel and ethanol. All rights reserved. All newer diesel vehicles also must have this technology, including pickups and cars. Fitchette is US Army veteran and a graduate of California State University, Chico. 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. You stop to fill gas. Utilities are best suited to perform the necessary generation development and power grid restructuring work through its regulated monopoly; however they should not be given a leg up over private companies seeking to enter the market for electric vehicle charging infrastructure that consumers use to power their vehicles. 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. 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. Farm Progress is part of the Informa Markets Division of Informa PLC. Have a great weekend. 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. But it's too early to write off Klarna. This item is part of a JSTOR Collection. BRIAN CHEUNG: Shameek Konar, CEO of the Pilot Company, thanks so much for stopping by this morning. Stellantis Investing $155M in Three Indiana Plants. Lawmakers hope to overcome partisan divisions and address a "generational challenge" to America's national security. Headquartered in Knoxville, Tennessee, Pilot Company is the 10th largest privately held company in the United States and employs 28,000 team members. 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. The aircraft are already here. Pilot unions are preparing for battle. Headquartered in Knoxville, Tennessee, Pilot Company is the 10th largest privately held company in the United States and employs 28,000 team members. Konar will take on additional responsibilities immediately, including the management of technology, HR, finance and legal. 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. CCI is headquartered in Stamford, Connecticut with offices in Calgary, Canada; Geneva, Switzerland; Houston, Texas; London, United Kingdom; Shanghai, China; Singapore; and Montevideo, Uruguay. Youve gone from two minutes to fuel a car to 40 minutes or 30 minutes to charge your car. Jimmy Haslam and his wife, Dee, also own the Cleveland Browns football team, which they bought in 2012 for $1.05 billion. Avoid making these seven mistakes to craft a stronger, more resilient retail strategy for your product 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. Find out the challenges and triumphs of leading an energy, data and hospitality-obsessed company that is striving to put the driver first. The railroad company has asked that Pilot cut their rail shipments in half. We are able and willing to do that but today the economics are very challenging for us to invest and do that effectively. 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. Because there aren't enough EVs out in the market at this point in time. A railway's request would cut tens of millions of truck miles just as driver shortages persist and truck availability is already tight. Shameek Konar will become chief executive officer of Knoxville-based Pilot Company beginning in 2021, the company said Tuesday. 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. We have spoken to both the DOT and the White House, and we are working with the various states to put in grant applications. This policy structure resulted in a vibrant market for biofuels because the private sector responded to policy signals and incentives and made the investments necessary to bring new fuels to market. SHAMEEK KONAR: You know, EVgo's got a great leadership team that has been focused on trying to innovate in the charging space. But what we are doing with GM and with EVgo is continuing to size the investment, based on the demand and the response we see in the market. What we need to solve expediently is: How do we solve range anxiety and provide a fueling experience that is safe and has additional attractions for our customers and doesnt force them to change habits?, Konar said. 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, store operations and development will be added to Konars role in 2021. Jim Haslam founded the company in 1958 and his son, Jimmy Haslam, is currently Chairman after 25 years serving as CEO. Besides, GM also has another partnership with EVgo, where EVgo and GM work together, so there is familiarity with EVgo. 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. In 2021 and beyond, the Haslam family will continue to be involved. 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. It will only help the adoption of EVs. Pilot has a compelling growth strategy in place and a bright future ahead. You'll have a number of other amenities, from showers to clean restrooms to merchandise. We are super excited about this. Since the late 1960s, we have experimented with generation after generation of electronic publishing tools. 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.. Joining us with more on the launch is Pilot's CEO, Shameek Konar. Testifying on behalf of NATSO before the House Transportation and Infrastructure Committee, Pilot Company Chief Executive Officer Shameek Konar testified that truckstops and travel plazas are best positioned to own and operate EV charging stations and that the right alignment of policy incentives will ensure a faster, more widespread and cost . 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. Reporters from Bloomberg's Washington, D.C. bureau are prominently featured as they offer analysis of policy and legal issues. It's a step forward in an effort to satisfy a vast demand for lithium for electric vehicle batteries. Representing NATSO was Pilot Company CEO Shameek Konar. The company supplies more than 14 billion gallons of fuel per year and also provides DEF, bio and renewables to the market. In one-on-one interviews, Rubenstein will learn investing strategies and tactics from some of the world's top wealth creators. Konar has had a strong track record throughout his career with more than 20 years of experience in the energy and commodity market focusing on acquiring, integrating and optimizing assets. 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For additional photo and video assets, please visit this link. And I think it helps us with EV adoption going forward. He has a degree in Economics and Mathematics from St. Stephens College in India and a PhD in Economics and Finance from Vanderbilt University. 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. When joining the Pilot family, I was immediately drawn to the strong culture that Jimmy and the entire Haslam family created. Shameek Konar will be the fourth CEO of Pilot Company. Not only would prices go up for DEF, which is now the highest it's ever been at nearly $4 per gallon. If you would like to receive a digest of blog post and articles directly in your inbox, please provide your name, email and the frequency of the updates you want to receive the email digest. Konar will ease into the new role over the next six months. We need to keep that in mind. 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. By providing your email, you agree to our. Moreover, Konar predicts that diesel prices, already above $6 per gallon is many places, would go even higher. The Knoxville-base truck stop chain announced Tuesday that Haslam will . The Atlanta-based carrier's very big deal may spur other huge pilot contracts at American, United and Southwest. Shameek Konar is Former Chief Invsmt Ofcr/Global Head:Business Dev at Castleton Commodities Merchant TD LP. More and more companies are moving to a four-day workweek. 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. But at this point, we have not secured government funding. 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. So they're a forward-thinking company that is trying to solve this problem. New China Committee Debuts with Eye on Major Policy Shifts. visit: We will never sell your personal information, House Transportation and Infrastructure Committee, Kodiak To Showcase Autonomous Truck at 2023 NATSO Connect in Dallas, EPA Misses Significant Opportunity to Encourage EV Charging Station Investment, FMCSA COVID-19 HOS Emergency Declaration Expires. 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. Request Permissions. I mean, how much does that cost a company to do that, right? 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. A coherent framework of national policies that harness the core competencies of the utility and retail fuel sectors would ensure a nationwide network of EV charging stations, he said. 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. All this while wages remain largely stagnant, which in economic terms means that consumers experience regular pay cuts as their buying power falls considerably. 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. 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. 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. In the Retail industry, Shameek Konar has 39,668 colleagues in 2,616 companies located in 86 countries. 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. Pilot has a compelling growth strategy in place and a bright future ahead. The way we can do this is to get some support from the federal government.. Konar cautioned that policies which allow electric vehicle charging stations at rest areas or permit utility companies to increase rates to all ratepayers to offset their consumer-facing EV charging station investments will discourage the private sector from investing in electric vehicle charging. Shameek's personal network of family, friends, associates & neighbors include Gary Mercer, Mark Worscheh, Edward Bracewell, Hannah Worscheh and Elaine Bracewell. 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. And the answer would be no, absolutely not. from 8 AM - 9 PM ET. Shameek Konar has been associated with eight companies, according to public records. Jimmy Haslams daughter, Whitney Haslam Johnson, will continue to be chief experience officer and a member of the board, and former Tennessee Gov. The transition of Konar to the role of CEO will continue over the next six months. BRIAN CHEUNG: Shameek, it's Brian Cheung here. 20,241 executive movements have been recorded in the last 12 months. But a lot of what was expected coming from Build Back Better is no longer, at least right now. 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. But we would require, or we would benefit from government funding, because like I said, the economics will be difficult in the beginning. Number 8860726. Because there will be much more demand in the LA market than there will be in Texas. This includes knowledge filled blog posts, articles and publications. Here are some ideas. Jim Haslam founded the company in 1958 and his son, Jimmy Haslam, is currently Chairman after 25 years serving as CEO. The privately held travel center giant announced Tuesday that Chief Strategy Officer Shameek Konar has been tapped to become the new CEO. Parent has helped the company achieve significant growth through the development of successful systems and processes, as well as building an outstanding 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. We're hiring experienced account executives. Both Haslams will remain active in the company and on the board. Shameek Konar Chief Executive Officer Shameek Konar serves as Pilot Company's chief executive officer. It brings a new kind of class of customer to our locations. We have full confidence that Shameek will continue to grow the legacy of our familys business.. Responding to Rep. Grace Napolitano (D-Calif.) who asked whether Congress should allow electric vehicle charging at park and ride and rest areas as a means of reducing range anxiety, Konar said that providing customers with amenities and a safe place to refuel is key to encouraging the adoption of electric vehicles. 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. Taking the steps to overcome the shortage of skilled cybersecurity personnel is critical for any organization operating in the technology environment. When you take those four skills and marry it up with somebody who has great commercial acumen, we think we have an outstanding future CEO.. "Union Pacific's restrictions will prevent Pilot from keeping many markets adequately supplied with DEF, likely causing shortages that will sideline trucks and reduce trucking capacity.". 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. 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. James (Jim) Haslam, who started the company in 1968 as single gas station, will remain involved in the company as well as chairman emeritus. 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 gas station and rest stop chain. Shameek Konar, Pilot Corp: Profile and Biography - Bloomberg Markets Subscribe Live Now Bloomberg TV+ Bloomberg Surveillance: Early Edition Bloomberg Surveillance: Early Edition with Anna. 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. Change, right history of innovating as markets change, right nearly $ 4 per gallon for! Tennessee, Pilot company is the 10th largest privately held travel center giant announced Tuesday that Chief Strategy Shameek! In Economics and finance from Vanderbilt University to charge your car at same. Overcome partisan divisions and address a `` generational challenge '' to America 's security. 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