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. If you dont innovate, you die, Konar told the newspaper. Shameek Konar will become chief executive officer of Knoxville-based Pilot Company beginning in 2021, the company said Tuesday. Copyright 2023. 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. in April it neededto ease traffic jams in the supply chain and would begin metering deliveries if customers didn't voluntarily reduce inventory. If you use a windshield cover, you can at least forget about scrapping the ice off your windshield to save some time and hassle. Konar further . BRIAN CHEUNG: Shameek, why EVgo? 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. We report on a study that relates the market value of firms in the S&P 500 to objective measures A railway's request would cut tens of millions of truck miles just as driver shortages persist and truck availability is already tight. 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. Pilot Company, headquartered in Knoxville, is ranked No. Whether encountering turbulent times or smooth sailing, leaders can look to a number of ways to keep a strong company culture. At Pilot Flying J, Shameek Konar has 24 colleagues including James Haslam (Chairman Emeritus), Jimmy Haslam (Chairman of the Board) Industry Colleagues. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Because there aren't enough EVs out in the market at this point in time. 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. I imagine a lot of EV drivers might want to stop by your locations. Pilot supplies more than 11 billion gallons of. 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. Mr. Konar holds a Ph.D. in Economics and Finance from Vanderbilt University and a B.A in Economics and Mathematics from St. Stephen's College in India. The lithium-ion battery manufacturing facility will add capacity to the EV battery supply chain. About 10 years ago biodiesel and biofuels were not [economically viable] and available in the market and our customers didnt want it, Konar said. 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. 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. In January, Parent will become a senior advisor to the CEO and the chairman, providing guidance on strategy and key priorities for the company. Representing NATSO was Pilot Company CEO Shameek Konar. 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. Subscribe to receive the latest information. Shameek Konar will be the fourth CEO of Pilot Company, a company that operates 950 retail and fuel locations across North America, sources reported. All rights reserved. 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. 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. 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. His journalistic experience includes local daily and weekly newspapers, where he was recognized early in his career as an award-winning news photographer. /PRNewswire/ -- Castleton Commodities International LLC ("CCI" or the "Company") today announced the hiring of Shameek Konar as Chief Investment Officer and. All this while wages remain largely stagnant, which in economic terms means that consumers experience regular pay cuts as their buying power falls considerably. So I think people are being way more cautious about the amount of money they're spending, and it is impacting our sales. Renowned financier, Co-Founder of The Carlyle Group, and philanthropist David Rubenstein provides unparalleled access to the world's most successful investors. Representing NATSO was Pilot Company CEO Shameek Konar. Pilot Company remains family owned and operated with Shameek Konar as CEO since 2021. A diesel engine without DEF will automatically shut down if it is not available. 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. And we've been looking to try and find companies to partner with, and we've been working on this for almost a year and a half at this point, with GM and EVgo, to put together what would be a sensible way to basically provide safe, reliable charging, and a solution to range anxiety. 10 on Forbes list of Americas Largest Private Companies. Jim Haslam founded the company in 1958 and his son, Jimmy Haslam, is currently Chairman after 25 years serving as CEO. Pilot Company is currently ranked No. Pilot Company is currently ranked No. from 8 AM - 9 PM ET. 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 Review of Economics and Statistics is an 84-year old general journal of applied (especially quantitative) economics. Effective immediately, Konar will take on additional responsibilities, including the management of technology, HR, finance and legal. 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. And that means higher airfares are coming. As CEO, store operations and development will be added to Konars role in 2021. Pilot receives about 45% of the raw materials used to make DEF by UP rail. Joining us with more on the launch is Pilot's CEO, Shameek Konar. 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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. All Rights Reserved. This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. The way we can do this is to get some support from the federal government.. Chatbots that arent tested and trained continuously are destined for failure, and customers will be the ones to suffer from chatbot incompetence. Panasonic Awards Turner-Yates Contract to Build EV Battery Plant. With that move . Bill Haslam will serve on the board. 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. Have a great weekend. 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. Parent has helped the company achieve significant growth through the development of successful systems and processes, as well as building an outstanding leadership team. Jim Haslam founded the company in 1958 and his son, Jimmy Haslam, is currently Chairman after 25 years serving as CEO. Avoid making these seven mistakes to craft a stronger, more resilient retail strategy for your product business. 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. Shameek Konar has been working as a Chief Executive Officer at Pilot Flying J for 6 years. Earlier in his career, he was a senior energy market consultant at Accenture, PA Consulting and Putnam, Hayes & Bartlett. That could be why a growing number of agile, flexible startups see the four-day week as the future. Konar, 50, has been at Pilot since 2017 and said he plans to continue with a growth mindset. 10 on Forbes list of Americas largest private companies. It brings a new kind of class of customer to our locations. Use Forbes logos and quotes in your marketing. But over time, we fully feel like this will be a great new set of customers who are going to come to our locations. The Press's enthusiasm for innovation is reflected in our continuing exploration of this frontier. Moxley Carmichael. The Knoxville-base truck stop chain announced Tuesday that Haslam will . Other family members will be involved as well including former Tennessee Gov. Farmers are feeling it when they fuel their tractors and purchase inputs that are manufactured and shipped because of the free flow of oil around the globe. Hints and clues to help you with today's Wordle. I mean, how much does that cost a company to do that, right? 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. He has a degree in Economics and Mathematics from St. Stephens College in India and a PhD in Economics and Finance from Vanderbilt University. The House Transportation and Infrastructure Committee on March 17 held a four-hour hearing on business solutions to climate change. 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. It will only help the adoption of EVs. This is a pretty big project here. 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. Why do you want to take on these costs? 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. Konar said the same approach will work with respect to EV charging infrastructure. Everyday Robots took a fairly novel approach to building an army of cleaning robots. 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. He also led Mercuria's acquisition of the J.P. Morgan physical commodities platform last year. Pilot Company remains family owned and operated with Shameek Konar as CEO since 2021. Meanwhile, the number of U.S. oil refineries has fallen from 301 in 1982, to 124 in 2021 and more are being shuttered as we speak. Pilot Flying J Location 5508 Lonas Dr, Knoxville, Tennessee, 37909, United States Description Industry I mean, this is not your-- this is not you putting 10 or 15 charging stalls. Headquartered in Knoxville, Tennessee, Pilot Company is the 7th largest privately held company in the United States and employs 28,000 team members. He is currently chief strategy officer. 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. Since that date, Pilot Company has had productive . "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. The Four-Day Workweek Pilot Worked. Pilot Flying J is part of the Convenience Stores, Gas Stations & Liquor Stores industry, and located in Tennessee, United States. Su was central to negotiations between labor and freight rail companies late last year. Fitchette is US Army veteran and a graduate of California State University, Chico. We have full confidence that Shameek will continue to grow the legacy of our familys business.. Private companies dont always get the attention they deserve compared to their public peers, but this year was different. And the FAA is playing it cool. The aircraft are already here. Edited at Harvard University's Kennedy School of Government, The Review has published some of the most important articles in empirical economics. The railroad company has asked that Pilot cut their rail shipments in half. 2023 Forbes Media LLC. Shameek Konar is about take an unprecedented step at Pilot Company as he assumes the role of CEO in January. Representing NATSO was Pilot Company CEO Shameek Konar. Certainly a lot of excitement when that announcement first came down. The railroad company has asked that Pilot cut their rail shipments in half. During the pandemic, healthcare took a turn toward digital. 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. 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. Shameek Konar will be the fourth CEO of Pilot Company. Jimmy Haslam's father, Pilot founder Jim Haslam, will move from chairman to chairman emeritus. In January, Parent will become senior advisor to the CEO and the chairman, providing guidance on strategy and key priorities for the company. For all alerts and more info please That . 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. A 10% reduction in emissions of toxic chemicals results in a $34 million increase in market value. Konar will take on additional responsibilities immediately, including the management of technology, HR, finance and legal. UP trains deliver raw product to Pilot's 23 rail-served facilities, which it converts to a finished product before delivering by truck to retail locations. 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. Number 8860726. 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. 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. 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. 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. 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. The cutbacks to DEF production would be catastrophic. Moreover, Konar predicts that diesel prices, already above $6 per gallon is many places, would go even higher. We are able and willing to do that but today the economics are very challenging for us to invest and do that effectively. Six of the companies are still active while the remaining two are now listed as inactive. Shameek Konar will be the fourth CEO of Pilot Company. Jimmy Haslam and his wife, Dee, also own the Cleveland Browns football team, which they bought in 2012 for $1.05 billion. When buying cowboy boots, there are a few aspects to consider, such as how far up they go on your legs and their design. And we are going to size the number of chargers we put in these locations based on demand. More information on locations and amenities are available on the Pilot Flying J app. 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.. By providing your email, you agree to our. 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. AKIKO FUJITA: Yeah, Pilot's certainly a very familiar sight for those who are out on road trips. CEO Jimmy Haslam named chairman; Chief Strategy Officer Shameek Konar named CEO. "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. Shameek Konar offered this testimony to the Surface Transportation Board on April 27, 2022 - referring specifically to diesel exhaust fluid. Konar asked the committee to consider the EV charging experience for customers as they transition to electric vehicles. AKIKO FUJITA: Well, General Motors and Pilot Company are partnering to make your EV commute smoother with the addition of roughly 2,000 charging stalls at Pilot travel centers across the US. 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 Review of Economics and Statistics There's about-- there are four of them, which are kind of the larger ChargePoint providers. Both Haslams will remain active in the company and on the board. Here are some ideas. 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. 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. In January, Parent will become senior advisor to the CEO and the chairman, providing guidance on strategy and key priorities for the company. 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." 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. Pilot Company keeps North Americas drivers moving as one of the leading suppliers of fuel and the largest operator of travel centers. The National Read Across America Day takes place every year on March 2, Geisels birthday. The company supplies more than 14 billion gallons of fuel per year and also provides DEF, bio and renewables to 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 Pilots culture and values are a few of the reasons why we chose him to be our next CEO. Youve gone from two minutes to fuel a car to 40 minutes or 30 minutes to charge your car. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Copyright 2023 Nexstar Media Inc. All rights reserved. Konar will be the fourth CEO at the Tennessee-based company that operates 950 retail and fuel locations across North America, theKnoxville News Sentinelreported. We're hiring experienced account executives. UPDATE 1-China's job market better than expected in Jan-Feb: minister, US approves selling Taiwan munitions worth $619 million, Japan's parliament to vote on BOJ nominees next week, Indonesia's stock market loses its sheen as China reopens, Asian Equities Swing Lower, Led by China Tech: Markets Wrap. For one company, it was an opportunity to transform the way clinical trials are conducted, without sacrificing scientific rigor. 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. The model wont work for every business and may only be viable for companies able to adapt to a new way of working. Pilot Company is one of the leading suppliers of fuel and the largest operator of travel centers in North America. Headquartered in Knoxville, Tennessee, Pilot Company is the 10th largest privately held company in the United States and employs 28,000 team members. Bill Haslam and Whitney Haslam Johnson. The Atlanta-based carrier's very big deal may spur other huge pilot contracts at American, United and Southwest. Konar also urged the committee to improve policies that incentivize liquid renewable fuels such as biodiesel, renewable diesel and ethanol. Corn, soybeans bounce back after Tuesdays severe slump, Calf prices strengthen, cattle herd shrinking. It's a step forward in an effort to satisfy a vast demand for lithium for electric vehicle batteries. Biden to Nominate Julie Su as Next U.S. Labor Secretary. All rights reserved. 10 on Forbes' list of America's Largest Private Companies. 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. You stop to fill gas. Such approaches, he testified, undermine the business case for all fuel retailers nationwide to invest in EV charging infrastructure. 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. KNOXVILLE, Tenn. (WATE) Someone not named Haslam will be the chief executive officer of the Pilot Company beginning in January. Subscribe to updates and stay connected on the latest news from NATSO. 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. Request Permissions. BRIAN CHEUNG: Shameek, it's Brian Cheung here. I mean, there's a lot of other partners I'm sure you could have gone with out there. And you'll have food. 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.. 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. 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As CEO, store operations and development will be added to Konar's role in 2021. Stellantis Investing $155M in Three Indiana Plants. 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. More than 14 billion gallons of fuel and the largest operator of travel centers North. A vast demand for lithium for electric vehicle batteries companies able to adapt to a new way working... Might want to take on shameek konar skin costs suppliers of fuel and the largest operator travel. Look to a number of ways to keep a strong Company culture and weekly newspapers, where was... Step forward in an effort to satisfy a vast demand for lithium for electric vehicle.! To Build EV battery supply chain and would begin metering deliveries if did... Shameek, it 's a step forward in an effort to satisfy a vast for! ' list of Americas largest private companies, London SW1P 1WG in his career, he was a senior market... 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