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. The rest of Pilots leadership team will remain in place. And you'll have food. 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. When typing in this field, a list of search results will appear and be automatically updated as you type. Piloting planes has never been an easy job, and leading a company has not been either. KNOXVILLE, Tenn. (WATE) Someone not named Haslam will be the chief executive officer of the Pilot Company beginning in January. "OF the 300 million gallons of DEF that Pilot supplies to the industry every year, 74% is moved by rail," Konar said. The transition of Konar to the role of CEO will continue over the next six months. Earlier in his career, he was a senior energy market consultant at Accenture, PA Consulting and Putnam, Hayes & Bartlett. Renowned financier, Co-Founder of The Carlyle Group, and philanthropist David Rubenstein provides unparalleled access to the world's most successful investors. Shameek has successfully launched and grown our Pilot Energy business and become a key member of our leadership team. Effective immediately, Konar will take on additional responsibilities, including the management of technology, HR, finance and legal. Representing NATSO was Pilot Company CEO Shameek Konar. The companies will expand to over 500 industrial automation and system integration professionals. As CEO, store operations and development will be added to Konars role in 2021. Panasonic Awards Turner-Yates Contract to Build EV Battery Plant. Tesla Wants $330M in Additional Nevada Tax Breaks. Jim Haslam founded the company in 1958 and his son, Jimmy Haslam, is currently Chairman after 25 years serving as CEO. 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. Hints and clues to help you with today's Wordle. Konar says a big rig will take on about seven gallons of DEF at every diesel fill-up. So for example, EVgo's got a great lab, where they test out a number of different chargers, and try to improve the product. That urea-based liquid is required in all diesel engines manufactured after 2010. At Pilot Flying J, Shameek Konar has 24 colleagues including James Haslam (Chairman Emeritus), Jimmy Haslam (Chairman of the Board) Industry Colleagues. FedEx Chair and CEO Fred Smith pushed for lifting the ban on 33-foot truck trailers, saying that the nearly 40-year-old 28-foot limit is both outdated and environmentally unsound. I imagine a lot of EV drivers might want to stop by your locations. He also led Mercuria's acquisition of the J.P. Morgan physical commodities platform last year. Pilot Company, headquartered in Knoxville, is ranked No. The companies were formed over a twenty year period with the most recent being incorporated one year ago in May of 2021. With $180 million in sales last year, Whisker aims to get stinking rich from the business of kitties doing their business. 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. It also generated $1 billion in losses last year. 2001 The MIT Press In January, Parent will become a senior advisor to the CEO and the chairman, providing guidance on strategy and key priorities for the company. Corn, soybeans bounce back after Tuesdays severe slump, Calf prices strengthen, cattle herd shrinking. 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. Su was central to negotiations between labor and freight rail companies late last year. Pilot Companys energy division supplies fuel, DEF, bio and renewables and provides hauling and disposal services as the third largest tanker fleet in North America. Private companies dont always get the attention they deserve compared to their public peers, but this year was different. Representing NATSO was Pilot Company CEO Shameek Konar. We have full confidence that Shameek will continue to grow the legacy of our familys business.. The Review of Economics and Statistics is an 84-year old general journal of applied (especially quantitative) economics. Subscribe to receive top agriculture news, Be informed daily with these free e-newsletters. The Netherlands plans to launch a pilot program to experiment with the legal sale of cannabis by the end of this year. Mr. Konar also served in a variety of senior roles at Constellation Energy, including Senior Vice President of Corporate Strategy and Development, where he led the firm's M&A efforts and was a member of the Executive Management Committee. 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. BRIAN CHEUNG: Shameek, it's Brian Cheung here. 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. 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. CEO Jimmy Haslam named chairman; Chief Strategy Officer Shameek Konar named CEO. Shameek's personal network of family, friends, associates & neighbors include Gary Mercer, Mark Worscheh, Edward Bracewell, Hannah Worscheh and Elaine Bracewell. Related by Industry: Convenience Stores & Gas Stations. During the pandemic, healthcare took a turn toward digital. How much of that's actually been secured already? And then, what do you hope to gain out of it, in terms of things that could boost your bottom line? We talk to all of them in the space, as you can imagine, right? He has a degree in Economics and Mathematics from St. Stephens College in India and a PhD in Economics and Finance from Vanderbilt University. 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. Certainly a lot of excitement when that announcement first came down. Much of Konar's testimony, and questions from the panel, centered on the availability of diesel exhaust fluid, or DEF. Really appreciate it. All rights reserved. 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.. For terms and use, please refer to our Terms and Conditions Pilot Company is one of the leading suppliers of fuel and the largest operator of travel centers in North America. 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. Avoid making these seven mistakes to craft a stronger, more resilient retail strategy for your product business. Shameek Konar Overview. Pilot Company is one of the leading suppliers of fuel and the largest operator of travel centers in North America. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. 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. Media Contacts: Edelman Mike Geller +1 (212) 729-2163 [emailprotected], SOURCE Castleton Commodities International LLC, Cision Distribution 888-776-0942 I mean, how much does that cost a company to do that, right? Learn more about . And what are you seeing in terms of customer flows? This includes knowledge filled blog posts, articles and publications. The railroad company has asked that Pilot cut their rail shipments in half. 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. And you know, we finally got it done. 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. Todays Wordle #621 Hint, Clues And Answer For Thursday, March 2nd, Delta Pilots Ratify Contract With Massive 34% Salary Hike, Why Overcoming The Cybersecurity Labor Shortage Matters To Company Success, The 7 Biggest Mistakes Growing Companies Make With Their Retail Strategy, Digital Healthcare Company Speeds Development And Delivery Of New Drugs, Klarna Is Not A Buy Now, Pay Later (BNPL) Company, Inside The Company That Uses Robots To Deal With Cat Poop, The Bot-Pocalypse Is Coming: How Companies Can Prepare, Three Leadership Lessons You Learn From Piloting Planes, 6 Ways To Maintain Healthy Company Culture, Netherlands To Kick Off Legal Cannabis Sale Pilot Program, No Pilot, No Problem? 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. 10 on Forbes' list of America's Largest Private Companies. As CEO, store operations and development will be added to Konar's role in 2021. SHAMEEK KONAR: Great questions. Pilot Flying J is part of the Convenience Stores, Gas Stations & Liquor Stores industry, and located in Tennessee, United States. 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. Rep. Grace Napolitano has previously introduced an amendment to infrastructure legislation that would allow electric vehicle charging stations at rest areas located on the Interstate right-of-way. He did not push for an increase in truck weight limits. Talk to me about how this partnership came about. 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. 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. It brings a new kind of class of customer to our locations. Shameek Konar is about take an unprecedented step at Pilot Company as he assumes the role of CEO in January. For additional photo and video assets, please visit this link. 10 on Forbes list of Americas Largest Private Companies. Shameek Konar has been working as a Chief Executive Officer at Pilot Flying J for 6 years. 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. SHAMEEK KONAR: No, that's a great question. 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. The company is moving closer to closing the factory. 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. 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. The transition will take place over the rest of 2020, with leadership roles shifting on Jan. 1. 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. 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. 1998 - 2023 Nexstar Media Inc. | All Rights Reserved. The Four-Day Workweek Pilot Worked. 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. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Copyright 2023 Nexstar Media Inc. All rights reserved. For all alerts and more info please 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 National Read Across America Day takes place every year on March 2, Geisels birthday. 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. Nation's largest fuel retailer announces new . He has a degree in Economics and Mathematics from St. Stephens College in India and a PhD in Economics and Finance from Vanderbilt University. 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. Why do you want to take on these costs? Moreover, Konar predicts that diesel prices, already above $6 per gallon is many places, would go even higher. 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. We have full confidence that Shameek will continue to grow the legacy of our family's business.". Pilot has a compelling growth strategy in place and a bright future ahead. In January, Parent will become senior advisor to the CEO and the chairman, providing guidance on strategy and key priorities for the company. NATSO and a broad coalition of off-highway businesses including hotels, restaurants, convenience stores, blind merchants and fuel retailers along with government organizations opposed that Amendment. We have spoken to both the DOT and the White House, and we are working with the various states to put in grant applications. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, Pilot Company ramps up support for annual Heart Month Campaign, Pilot Company propels team member experience forward with new DEI leader. 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. For additional information about Pilot Company and its commitment to team members and giving back, visitwww.pilotcompany.com. The rest of Pilots management team will stay in place. 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. And as you know, range anxiety is probably one of the biggest challenges we have on EV adoption. The company supplies more than 14 billion gallons of fuel per year and also provides DEF, bio and renewables to the market. SHAMEEK KONAR: No, all great questions, Brian. 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. Pilot Company keeps North Americas drivers moving as one of the leading suppliers of fuel and the largest operator of travel centers. The fluid reduces nitrous oxide emissions in diesel vehicles. CCI is headquartered in Stamford, Connecticut with offices in Calgary, Canada; Geneva, Switzerland; Houston, Texas; London, United Kingdom; Shanghai, China; Singapore; and Montevideo, Uruguay. When buying cowboy boots, there are a few aspects to consider, such as how far up they go on your legs and their design. What Could Elon Musk Possibly Be Thinking? 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. BRIAN CHEUNG: Shameek, why EVgo? Representing NATSO was Pilot Company CEO Shameek Konar. If you are stuck for 40 minutes in some place and it does not have a lot of amenities, it will be challenging.. 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. Konar said the same approach will work with respect to EV charging infrastructure. But over time, we fully feel like this will be a great new set of customers who are going to come to our locations. During his tenure at Goldman, Mr. Konar was part of a team that led the expansion of the firm's physical commodity platform into physical natural gas and crude oil, and was responsible for managing the firm's investments in coal mining in Australia and Colombia, and its power and biofuels investments in North America. 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. The cutbacks to DEF production would be catastrophic. Diesel-powered tractors also require DEF. 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. 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. 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. 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.. 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. With that move . Headquartered in Knoxville, Tennessee, Pilot Company is the 10th largest privately held company in the United States and employs 28,000 team members. Prior to that, he was responsible for Constellation's Oil and Gas Investment portfolio and was also part of the team responsible for the IPO of one of the first North American Oil and Gas MLPs. All rights reserved. There's about-- there are four of them, which are kind of the larger ChargePoint providers. 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. Girl Scouts of the Southern Appalachians Reach for the Peaks hiking fundraiser returns, Moxley Carmichael promotes Maria McHale to director of client services, Covenant Health, Encompass Health host grand opening celebrations for two inpatient rehabilitation hospitals in Knoxville. Konar is currently Pilot's chief strategy officer. Shameek Konar CEO Pilot Company Shameek Konar serves as Pilot Company's chief executive officer. 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. That . The transition of Konar to the role of CEO will continue over the next six months. A 10% reduction in emissions of toxic chemicals results in a $34 million increase in market value. 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. Bill Haslam and Whitney Haslam Johnson. But our transaction is not contingent on government funding. Taking the steps to overcome the shortage of skilled cybersecurity personnel is critical for any organization operating in the technology environment. The Review of Economics and Statistics Farm Progress is part of the Informa Markets Division of Informa PLC. The lithium-ion battery manufacturing facility will add capacity to the EV battery supply chain. Pilot Testifies on Behalf of NATSO for House Committee Hearing on Business Solutions to Climate Change. And you know what's great putting them in Pilots? Here are some ideas. The magnitude of these effects varies across industries, with larger losses accruing to the traditionally polluting industries. Six of the companies are still active while the remaining two are now listed as inactive. I mean, this is not your-- this is not you putting 10 or 15 charging stalls. More information on locations and amenities are available on the Pilot Flying J app. Pilot has a compelling growth strategy in place and a bright future ahead. 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. From time to time, The Review also publishes collections of papers or symposia devoted to a single topic of methodological or empirical interest. 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 has successfully launched and grown our Pilot Energy business and become a key member of our leadership team. We have seen gas demand definitely retreat from 2021 levels. In Payments, Like Geopolitics, India Seeks a Third Way, Subaru, Nintendo Step Up for LGBTQ Workers in Conservative Japan, Visitors Flock to Macau Again, But Its Gambling Dependence Draws Beijings Ire, Gina Raimondo Becomes China Player in a Job Where Her Predecessor Used to Nap, UK Mothers Say It No Longer Makes Financial Sense to Work, Starbucks Illegally Fired 6 New York Union Activists, Judge Rules, Australia Prepares for a Power Grid Without Spinning Turbines, Vietnams VinFast Delivers First EVsto US Customers, Another Blow to City Centers: Retail Stores Move Outward, New York City Isnt Waiting for the White House to Enforce Fair Housing, Singapore Crypto Lender Hodlnaut's Founders Propose Selling Business Rather Than Liquidating Firm, Celsius Examiner Report Mentions FTX More Than 150 Times. Jimmy Haslams daughter, Whitney Haslam Johnson, will continue to be chief experience officer and a member of the board, and former Tennessee Gov. Shameek Konar Chief Executive Officer Shameek Konar serves as Pilot Company's chief executive officer. Heres How Soon Self-Flying Planes Will Take Off. 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. Of 2020, with larger losses accruing to the traditionally polluting industries Tenn. ( WATE ) not... Even higher Forbes list of search results will appear and be automatically updated you... Critical for any organization operating in the United States and employs 28,000 team members cannabis by the of. With leadership roles shifting on Jan. 1 Haslam named Chairman ; chief strategy officer he did not push an! Energy market consultant at Accenture, PA Consulting and Putnam, Hayes & Bartlett, Finance legal... 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