This material may not be published, broadcast, rewritten, or redistributed. BRIAN CHEUNG: Shameek, it's Brian Cheung here. It brings a new kind of class of customer to our locations. We anticipate this is not going to relax any time soon, because we do have a refining problem, globally, and we do not have enough product, and inventory levels have been very low after the COVID kind of reduction in supply, and the disruptions that have been caused by the Ukraine-Russia conflict. We have full confidence that Shameek will continue to grow the legacy of our familys business.. There's about-- there are four of them, which are kind of the larger ChargePoint providers. Pilot Company, headquartered in Knoxville, is ranked No. Pilot Company is one of the leading suppliers of fuel and the largest operator of travel centers in North America. Pilot Company is one of the leading suppliers of fuel and the largest operator of travel centers in North America. 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. At Pilot Flying J, Shameek Konar has 24 colleagues including James Haslam (Chairman Emeritus), Jimmy Haslam (Chairman of the Board) Industry Colleagues. Pilot Company is currently ranked No. 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. Representing NATSO was Pilot Company CEO Shameek Konar. This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Hints and clues to help you with today's Wordle. 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. The Atlanta-based carrier's very big deal may spur other huge pilot contracts at American, United and Southwest. 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. Other family members will be involved as well including former Tennessee Gov. It also generated $1 billion in losses last year. When joining the Pilot family, I was immediately drawn to the strong culture that Jimmy and the entire Haslam family created. The companies were formed over a twenty year period with the most recent being incorporated one year ago in May of 2021. 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. In one-on-one interviews, Rubenstein will learn investing strategies and tactics from some of the world's top wealth creators. Jim Haslam founded the company in 1958 and his son, Jimmy Haslam, is currently. So for example, EVgo's got a great lab, where they test out a number of different chargers, and try to improve the product. The Netherlands plans to launch a pilot program to experiment with the legal sale of cannabis by the end of this year. This is untenable for trucking and the U.S. economy. 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. 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. Joining us with more on the launch is Pilot's CEO, Shameek Konar. I mean, how much does that cost a company to do that, right? CEO Jimmy Haslam will transition to the fuel company's chairman of the board role beginning Jan. 1. 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. Konar encouraged lawmakers to structure and implement policies that encourage utilities and fuel retailers to focus where each is most productive. Pilot has a compelling growth strategy in place and a bright future ahead. As markets change, and as opportunities change, we have to change, right? AKIKO FUJITA: Shameek, let's talk about the bulk of your current business. Because there aren't enough EVs out in the market at this point in time. If you dont innovate, you die, Konar told the newspaper. Shameek Konar will be the fourth CEO of Pilot Company. GM Making Some Performance-Related Job Cuts. Right? Google Shuts Down Trash-Sorting Robot Division. 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. Stellantis Investing $155M in Three Indiana Plants. And then, what do you hope to gain out of it, in terms of things that could boost your bottom line? Such approaches, he testified, undermine the business case for all fuel retailers nationwide to invest in EV charging infrastructure. 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. Jimmy Haslam and his wife, Dee, also own the Cleveland Browns football team, which they bought in 2012 for $1.05 billion. Renowned financier, Co-Founder of The Carlyle Group, and philanthropist David Rubenstein provides unparalleled access to the world's most successful investors. 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.. Because there will be much more demand in the LA market than there will be in Texas. By providing your email, you agree to our. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. 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. Certainly a lot of excitement when that announcement first came down. 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. We need to keep that in mind. A prototype print can be complete with all the detailed specifications for the part yet fail to communicate a very critical piece of 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. Shameek Konar is Former Chief Invsmt Ofcr/Global Head:Business Dev at Castleton Commodities Merchant TD LP. But our transaction is not contingent on government funding. Shameek Konar will be the fourth CEO of Pilot Company. 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Media Contacts: Edelman Mike Geller +1 (212) 729-2163 [emailprotected], SOURCE Castleton Commodities International LLC, Cision Distribution 888-776-0942 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. 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 this while wages remain largely stagnant, which in economic terms means that consumers experience regular pay cuts as their buying power falls considerably. "Shameek has successfully launched and grown our Pilot Energy business and become a key member of our leadership team. 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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. New China Committee Debuts with Eye on Major Policy Shifts. Trucks fill up at a truck stop in Northern California. 10 on Forbes' list of largest private American companies. Copyright 2023. 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, chief strategy officer at Pilot. For additional photo and video assets, please visit this link. Six of the companies are still active while the remaining two are now listed as inactive. And the FAA is playing it cool. When typing in this field, a list of search results will appear and be automatically updated as you type. The switch is already happening and will continue for the . 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. 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. Reporters from Bloomberg's Washington, D.C. bureau are prominently featured as they offer analysis of policy and legal issues. We have full confidence that Shameek will continue to grow the legacy of our familys business.. Representing NATSO was Pilot Company CEO Shameek Konar. From time to time, The Review also publishes collections of papers or symposia devoted to a single topic of methodological or empirical interest. If you use a windshield cover, you can at least forget about scrapping the ice off your windshield to save some time and hassle. But we are working on it, and we have been working with both the DOT and the White House. Musks TeslaMaster Plan Lacks Drive. 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. , spent much of his journalism career covering agriculture in California and the western United States. Why do you want to take on these costs? The companies will expand to over 500 industrial automation and system integration professionals. With that move, current CEO Jimmy Haslam, son of founder James (Jim) Haslam, will become chairman of the board. Bill Haslam and Whitney Haslam Johnson. Moreover, Konar predicts that diesel prices, already above $6 per gallon is many places, would go even higher. 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. 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. The transition of Konar to the role of CEO will take place over the next six months. That urea-based liquid is required in all diesel engines manufactured after 2010. Parent has helped the company achieve significant growth through the development of successful systems and processes, as well as building an outstanding leadership team. "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. The transition of Konar to the role of CEO will continue over the next six months. It will only help the adoption of EVs. The lithium-ion battery manufacturing facility will add capacity to the EV battery supply chain. SHAMEEK KONAR: No, all great questions, Brian. Shameek Konar will become chief executive officer of Knoxville-based Pilot Company beginning in 2021, the company said Tuesday. 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. To your second question, you know, I think in the beginning, it's going to be difficult for us to make money on this. Konar will take on additional responsibilities immediately, including the management of technology, HR, finance and legal. A diesel engine without DEF will automatically shut down if it is not available. In January, Parent will become senior advisor to the CEO and the chairman, providing guidance on strategy and key priorities for the company. And we are going to size the number of chargers we put in these locations based on demand. The Review of Economics and Statistics is an 84-year old general journal of applied (especially quantitative) economics. You'll have a number of other amenities, from showers to clean restrooms to merchandise. 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. You're going to stop to charge your car at the same location. 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. His journalistic experience includes local daily and weekly newspapers, where he was recognized early in his career as an award-winning news photographer. 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. The aircraft are already here. Shameek possesses, I think, everything we look for or anybody would look for in a leader, Jimmy Haslam said. So they're a forward-thinking company that is trying to solve this problem. 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. And public-private partnerships like this would be the way for us to move forward. 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. "OF the 300 million gallons of DEF that Pilot supplies to the industry every year, 74% is moved by rail," Konar said. And a Car. Konar asked the committee to consider the EV charging experience for customers as they transition to electric vehicles. During the pandemic, healthcare took a turn toward digital. Headquartered in Knoxville, Tennessee, Pilot Company is the 7th largest privately held company in the United States and employs 28,000 team members. Buy now, pay later provider Klarna announced a 71% year-over-year increase in gross merchandise value (GMV) in the US in 2022, and now has more than 8 million monthly active app users in the US. Konar said the same approach will work with respect to EV charging infrastructure. 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. Pilot Company is one of the leading suppliers of fuel and the largest operator of travel centers in North America. 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. With $180 million in sales last year, Whisker aims to get stinking rich from the business of kitties doing their business. Taking the steps to overcome the shortage of skilled cybersecurity personnel is critical for any organization operating in the technology environment. 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. SHAMEEK KONAR: Great questions. Hes very smart, great work ethic, a very humble man, and I think understands people very well. The rest of Pilots leadership team will remain in place. Pilot Company keeps North Americas drivers moving as one of the leading suppliers of fuel and the largest operator of travel centers. We are super excited about this. Konar also urged the committee to improve policies that incentivize liquid renewable fuels such as biodiesel, renewable diesel and ethanol. 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.. See Shameek Konar's compensation, career history, education, & memberships. 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. 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. 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. Really appreciate it. 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. About 10 years ago biodiesel and biofuels were not [economically viable] and available in the market and our customers didnt want it, Konar said. Why specifically that company? 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. Konar has more than 20 years of experience in the energy and commodity market, specializing in acquisition and operations of energy assets. He has a degree in Economics and Mathematics from St. Stephens College in India and a PhD in Economics and Finance from Vanderbilt University. 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. Consumers see it every time they fill up their car and purchase groceries. 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. Jim Haslam founded the company in 1958 and his son, Jimmy Haslam, is currently Chairman after 25 years serving as CEO. 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. 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. It's good to talk to you today. 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. Pilot Flying J Location 5508 Lonas Dr, Knoxville, Tennessee, 37909, United States Description Industry Headquartered in Knoxville, Tennessee, Pilot Company is the 10th largest privately held company in the United States and employs 28,000 team members. But over time, we fully feel like this will be a great new set of customers who are going to come to our locations. 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 talk to all of them in the space, as you can imagine, right? Shameek Konar has been working as a Chief Executive Officer at Pilot Flying J for 6 years. 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. Shameek Konar CEO Pilot Company Shameek Konar serves as Pilot Company's chief executive officer. 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. "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. 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. James (Jim) Haslam, who started the company in 1968 as single gas station, will remain involved in the company as well as chairman emeritus. . More and more companies are moving to a four-day workweek. Pilot receives about 45% of the raw materials used to make DEF by UP rail. It has been called Dr. Seuss Day because of this. And that means higher airfares are coming. Have a great weekend. He has tapped Chief Strategy Officer Shameek Konar, 50, to be Pilot's fourth CEO. Farm Progress is part of the Informa Markets Division of Informa PLC. 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. in April it neededto ease traffic jams in the supply chain and would begin metering deliveries if customers didn't voluntarily reduce inventory. This is a pretty big project here. (Podcast), Former Chief Invsmt Ofcr/Global Head:Business Dev, Castleton Commodities Merchant TD LP. We have seen gas demand definitely retreat from 2021 levels. Pilot Company is currently ranked No. Is Everyone Else Next? That . Jimmy Haslams daughter, Whitney Haslam Johnson, will continue to be chief experience officer and a member of the board, and former Tennessee Gov. 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. Be Prepared to Brief Your Prototype Aluminum Casting Supplier. 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. Panasonic Awards Turner-Yates Contract to Build EV Battery Plant. Piloting planes has never been an easy job, and leading a company has not been either. Jimmy Haslam's father, Pilot founder Jim Haslam, will move from chairman to chairman emeritus. 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. FedEx CEO Fred Smith, meanwhile, touted longer truck trailers as a climate strategy. "When joining the Pilot family, I was immediately drawn to the strong culture that Jimmy and the entire Haslam family created. 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