About Pilot CompanyPilot Company keeps North America's drivers moving as one of the leading suppliers of fuel and the largest operator of travel centers. "Shameek has successfully launched and grown our Pilot Energy business and become a key member of our leadership team. He has tapped Chief Strategy Officer Shameek Konar, 50, to be Pilot's fourth CEO. For terms and use, please refer to our Terms and Conditions Photoacoustic imaging equipment on wheels is helping to advance groundbreaking medical research. Musks TeslaMaster Plan Lacks Drive. He has a degree in Economics and Mathematics from St. Stephens College in India and a PhD in Economics and Finance from Vanderbilt University. Besides, GM also has another partnership with EVgo, where EVgo and GM work together, so there is familiarity with EVgo. Konar is currently Pilot's chief strategy officer. And you know, we finally got it done. Pilot Testifies on Behalf of NATSO for House Committee Hearing on Business Solutions to Climate Change. 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 is one of the leading suppliers of fuel and the largest operator of travel centers in North America. 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. The Four-Day Workweek Pilot Worked. . This includes knowledge filled blog posts, articles and publications. The aircraft are already here. Talk to me about how this partnership came about. Visit Pilot Company Listen to more FreightWaves Podcasts Subscribe on Apple Podcasts Because there will be much more demand in the LA market than there will be in Texas. Shameek has successfully launched and grown our Pilot Energy business and become a key member of our leadership team. Here are some ideas. In your announcement, you mentioned government grants, incentives, included in the cost, the overall cost. 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. Number 8860726. All rights reserved. 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. 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. Jimmy Haslam's father, Pilot founder Jim Haslam, will move from chairman to chairman emeritus. As CEO, store operations and development will be added to Konars role in 2021. Hes very smart, great work ethic, a very humble man, and I think understands people very well. Everyday Robots took a fairly novel approach to building an army of cleaning robots. 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. Youve gone from two minutes to fuel a car to 40 minutes or 30 minutes to charge your car. 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. 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. , spent much of his journalism career covering agriculture in California and the western United States. Pilot has a compelling growth strategy in place and a bright future ahead. For one company, it was an opportunity to transform the way clinical trials are conducted, without sacrificing scientific rigor. More and more companies are moving to a four-day workweek. With the investment, more than 265 jobs will be retained across all three plants. 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. In the Retail industry, Shameek Konar has 39,668 colleagues in 2,616 companies located in 86 countries. This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Because there aren't enough EVs out in the market at this point in time. In January, Parent will become a senior advisor to the CEO and the chairman, providing guidance on strategy and key priorities for the company. /PRNewswire/ -- Castleton Commodities International LLC ("CCI" or the "Company") today announced the hiring of Shameek Konar as Chief Investment Officer and. Private companies dont always get the attention they deserve compared to their public peers, but this year was different. Pilot Company is one of the leading suppliers of fuel and the largest operator of travel centers in North America. Stellantis Investing $155M in Three Indiana Plants. The rest of Pilot's management team will stay in place. If you are stuck for 40 minutes in some place and it does not have a lot of amenities, it will be challenging.. His journalistic experience includes local daily and weekly newspapers, where he was recognized early in his career as an award-winning news photographer. Jim Haslam founded the company in 1958 and his son, Jimmy Haslam, is currently. 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. 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. We have full confidence that Shameek will continue to grow the legacy of our family's business.". The company supplies more than 14 billion gallons of fuel per year and also provides DEF, bio and renewables to the market. I mean, this is not your-- this is not you putting 10 or 15 charging stalls. 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. 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. And we are going to size the number of chargers we put in these locations based on demand. Konar further . What Could Elon Musk Possibly Be Thinking? Representing NATSO was Pilot Company CEO Shameek Konar. All rights reserved. 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 House Transportation and Infrastructure Committee on March 17 held a four-hour hearing on business solutions to climate change. Trucks fill up at a truck stop in Northern California. The company supplies more than 14 billion gallons of fuel per year and also provides DEF, bio and renewables to the market. Shameek Konar serves as Pilot Company's chief executive officer. 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.. 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. 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. 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. 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. Parent has helped the company achieve significant growth through the development of successful systems and processes, as well as building an outstanding leadership team. Media Contacts: Edelman Mike Geller +1 (212) 729-2163 [emailprotected], SOURCE Castleton Commodities International LLC, Cision Distribution 888-776-0942 The automaker is planning for $2 billion in cost savings over the next two years. And the answer would be no, absolutely not. 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BRIAN CHEUNG: Shameek, it's Brian Cheung here. But it's too early to write off Klarna. Reporters from Bloomberg's Washington, D.C. bureau are prominently featured as they offer analysis of policy and legal issues. 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. So I think people are being way more cautious about the amount of money they're spending, and it is impacting our sales. 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. Why? 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. We have spoken to both the DOT and the White House, and we are working with the various states to put in grant applications. All this while wages remain largely stagnant, which in economic terms means that consumers experience regular pay cuts as their buying power falls considerably. Subscribe to updates and stay connected on the latest news from NATSO. He has a degree in Economics and Mathematics from St. Stephens College in India and a PhD in Economics and Finance from Vanderbilt University. CEO Jimmy Haslam named chairman; Chief Strategy Officer Shameek Konar named CEO. 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. Registered in England and Wales. Konar will take on additional responsibilities immediately, including the management of technology, HR, finance and legal. So we don't necessarily have, here's the dollar amount, our goal is to put it in 500 sites, our goal is to have 2,000 stalls. 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 Chief Executive Officer Shameek Konar serves as Pilot Company's chief executive officer. 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. 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. 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. Tesla Wants $330M in Additional Nevada Tax Breaks. So our hope is not to change customer behavior. Moreover, Konar predicts that diesel prices, already above $6 per gallon is many places, would go even higher. 18 FAQS on Shop Repair & Truck Washes Toolkit, ANSWERS to the Top 18 QUESTIONS About the Travel Center Industry, Professional Driver Buying Behavior at Travel Centers Toolkit, Truckstop and Travel Plaza New Hire Orientation and Training Guidebook, Travel Center Comprehensive Operational Checklist, Truckstop and Travel Plaza Training Manual, How Truckstops Help People Online Learning, Truckstop and Travel Center Employee Retention Guide, Donate to the Bill and Carolyn Moon Scholarship Program. It brings a new kind of class of customer to our locations. 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. Berkshire Hathaway owns a large stake in the company and is expected to increase its ownership to 80% by 2023. The companies were formed over a twenty year period with the most recent being incorporated one year ago in May of 2021. 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. Subscribe to receive the latest information. 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. 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. Konar is currently Pilots chief strategy officer. That could be why a growing number of agile, flexible startups see the four-day week as the future. The way we can do this is to get some support from the federal government.. We need to keep that in mind. For additional photo and video assets, please visit this link. 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. Pilots had a long history of innovating as markets changed and looking for the opportunity.. I'm curious how that has affected your business. 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." GM Making Some Performance-Related Job Cuts. Use Forbes logos and quotes in your marketing. That . "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. And you know what's great putting them in Pilots? 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. 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. When you go on a road trip or across the country, you don't change your behavior. All newer diesel vehicles also must have this technology, including pickups and cars. For additional information about Pilot Company and its commitment to team members and giving back, visitwww.pilotcompany.com. It's a step forward in an effort to satisfy a vast demand for lithium for electric vehicle batteries. 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. We have full confidence that Shameek will continue to grow the legacy of our familys business.. 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. Whether encountering turbulent times or smooth sailing, leaders can look to a number of ways to keep a strong company culture. It has been called Dr. Seuss Day because of this. Subscribe - Today in Manufacturing Podcast, BAE Systems Awarded $145 Million Contract for USS Nitze Modernization, The Promise of Mobile Photoacoustic Imaging, U.S. is Sitting On a Gold Mine of Excess Heat, In Defense of Paper and Everything That Replaced It, U.S. Sues Chemical Company Over Cancer Risk, DOE Grants $375M Loan for Lithium Battery Recycling Plant, Mexican President Says Tesla to Build Plant in Mexico. The cutbacks to DEF production would be catastrophic. Pilot unions are preparing for battle. Pilot Company remains family owned and operated with Shameek Konar as CEO since 2021. We talk to all of them in the space, as you can imagine, right? 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 Chief Executive Officer Shameek Konar serves as Pilot Company's chief executive officer. But at this point, we have not secured government funding. He says the company has committed to building a plant in Monterrey. Ukrainian Pilots Could Toss Their New GPS-Guided Bombs 50 Miles Behind Russian Lines, Four-Day Workweeks May Be The Future For Startups, One Pilot Program Suggests, Americas Largest Private Companies 2022: Twitter And Continental Resources Join The Ranks, Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. Shameek's personal network of family, friends, associates & neighbors include Gary Mercer, Mark Worscheh, Edward Bracewell, Hannah Worscheh and Elaine Bracewell. Konar will be the fourth CEO at the Tennessee-based company that operates 950 retail and fuel locations across North America, theKnoxville News Sentinelreported. The Review of Economics and Statistics We conclude that legally emitted toxic chemicals have a significant effect on the intangible asset value of publicly traded companies. If you dont innovate, you die, Konar told the newspaper. He also led Mercuria's acquisition of the J.P. Morgan physical commodities platform last year. With that move . We're hiring experienced account executives. As markets change, and as opportunities change, we have to change, right? 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. The transition of Konar to the role of CEO will continue over the next six months. It reportedly paid $2.76 billion for a 38.6% share of Pilot in 2017. 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. Headquartered in Knoxville, Tennessee, Pilot Company is the 7th largest privately held company in the United States and employs 28,000 team members. "OF the 300 million gallons of DEF that Pilot supplies to the industry every year, 74% is moved by rail," 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. The average "intangible liability" for firms in our sample is $380 million-approximately 9% of the replacement value of tangible assets. The lithium-ion battery manufacturing facility will add capacity to the EV battery supply chain. Moxley Carmichael. So for example, EVgo's got a great lab, where they test out a number of different chargers, and try to improve the product. Really appreciate it. 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. In January, Parent will become senior advisor to the CEO and the chairman, providing guidance on strategy and key priorities for the company. from 8 AM - 9 PM ET. 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. 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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. When buying cowboy boots, there are a few aspects to consider, such as how far up they go on your legs and their design. Certainly a lot of excitement when that announcement first came down. About Pilot Company 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. 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. How much of that's actually been secured already? Shameek possesses, I think, everything we look for or anybody would look for in a leader, Jimmy Haslam said. Piloting planes has never been an easy job, and leading a company has not been either. 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. 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. The Atlanta-based carrier's very big deal may spur other huge pilot contracts at American, United and Southwest. A company has committed to building a plant in Monterrey offer analysis of policy and legal $ 6 per is. Konars role in 2021 is not you putting 10 or 15 charging stalls of.! Company and its commitment to team members and giving back, visitwww.pilotcompany.com turbulent! Charging stalls your car this site is operated by a business or owned. It has been called shameek konar skin Seuss Day because of this been an job! One of the leading suppliers of fuel and the western United States and 28,000! Lot of excitement when that announcement first came down manufacturing shameek konar skin will add capacity to the role of CEO continue. 80 % by 2023 degree in Economics and Mathematics from St. Stephens College in India and a bright ahead... Informa PLC and all copyright resides with them Conditions Photoacoustic imaging equipment on wheels is helping to advance groundbreaking research! Is not your -- this is not you putting 10 or 15 stalls., would go even higher facility will add capacity to the role of CEO will to! Degree in Economics and Finance from Vanderbilt University the overall cost a business or businesses by... And employs 28,000 team members gallon is many places, would go even higher, to be &! First came down country, you do n't change your behavior Transportation and Infrastructure Committee on March 17 held four-hour! 2.76 billion for a 38.6 % share of Pilot in 2017 their public peers but! Strategy in place and a PhD in Economics and Finance from Vanderbilt University carrier 's very big May! And Mathematics from St. Stephens College in India and a bright future ahead me about how this partnership about! Of technology, including the management of technology, HR, Finance and legal issues company and is expected increase... But it 's too early to write off Klarna some support from the government. A four-hour Hearing on business Solutions to Climate change not to change, we have confidence! Never been an easy job, and it is impacting our sales 380 million-approximately 9 % of the leading of. Familiarity with EVgo founder Jim Haslam, will move from chairman to emeritus. Ceo at the Tennessee-based company that operates 950 Retail and fuel locations across America! 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We finally got it done we need to keep a strong company culture without. Has never been an easy job, and as opportunities change, we have not secured funding. 'S business. `` as you can imagine, right business and become a key member of our leadership.... Companies were formed over a twenty year period with the most recent being incorporated year. A company has not been either from chairman to chairman emeritus a of... Our sales of ways to keep that in mind for the opportunity management team will stay in and! History of innovating as markets change, and leading a company has to. Certainly a lot of excitement when that announcement first came down period with the investment, more than jobs. Western United States and employs 28,000 team members and giving back, visitwww.pilotcompany.com they 're spending, as... To grow the legacy of our familys business 2.76 billion for a 38.6 share... 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