Smith testified that increased capacity in our nations transportation system could reduce annual fuel use by 225 million gallons per year and reduce carbon emissions by 3 million tons per year. 2001 The MIT Press "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. Since that date, Pilot Company has had productive . The transition will take place over the rest of 2020, with leadership roles shifting on Jan. 1. (Podcast), Former Chief Invsmt Ofcr/Global Head:Business Dev, Castleton Commodities Merchant TD LP. Pilot Company keeps North Americas drivers moving as one of the leading suppliers of fuel and the largest operator of travel centers. 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. 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. Pilot Flying J is part of the Convenience Stores, Gas Stations & Liquor Stores industry, and located in Tennessee, United States. "Shameek has successfully launched and grown our Pilot Energy business and become a key member of our leadership team. Su was central to negotiations between labor and freight rail companies late last year. Pilot unions are preparing for battle. The transition of Konar to the role of CEO will continue over the next six months. 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. Konar joined Pilot in 2017 to grow its energy business. The privately held travel center giant announced Tuesday that Chief Strategy Officer Shameek Konar has been tapped to become the new CEO. I mean, there's a lot of other partners I'm sure you could have gone with out there. Parent has helped the company achieve significant growth through the development of successful systems and processes, as well as building an outstanding leadership team. This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Really appreciate it. Pilot Company is one of the leading suppliers of fuel and the largest operator of travel centers in North America. His journalistic experience includes local daily and weekly newspapers, where he was recognized early in his career as an award-winning news photographer. We are super excited about this. Jim Haslam founded the company in 1958 and his son, Jimmy Haslam, is currently. In your announcement, you mentioned government grants, incentives, included in the cost, the overall cost. SHAMEEK KONAR: You know, EVgo's got a great leadership team that has been focused on trying to innovate in the charging space. 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. If you use a windshield cover, you can at least forget about scrapping the ice off your windshield to save some time and hassle. We have full confidence that Shameek will continue to grow the legacy of our family's business.". Why do you want to take on these costs? 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. Photoacoustic imaging equipment on wheels is helping to advance groundbreaking medical research. 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. 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. 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. We report on a study that relates the market value of firms in the S&P 500 to objective measures 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. 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. Effective immediately, Konar will take on additional responsibilities, including the management of technology, HR, finance and legal. 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. Be Prepared to Brief Your Prototype Aluminum Casting Supplier. The Review of Economics and Statistics From time to time, The Review also publishes collections of papers or symposia devoted to a single topic of methodological or empirical interest. Prior to joining CCI, Mr. Konar served as Chief Investment Officer of Mercuria Energy Trading where he oversaw mergers, acquisitions and operations of physical assets across the firm's merchant platform spanning Asia, the Americas and EMEA. Right? His journalistic experience includes local daily and weekly newspapers, where he was recognized early in his career as an award-winning news photographer. Headquartered in Knoxville, Tennessee, Pilot Company is the 7th largest privately held company in the United States and employs 28,000 team members. Shameek Konar will be the fourth CEO of Pilot Company. 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. Heres How Soon Self-Flying Planes Will Take Off. And the FAA is playing it cool. Pilot receives about 45% of the raw materials used to make DEF by UP rail. The automaker is planning for $2 billion in cost savings over the next two years. See Shameek Konar's compensation, career history, education, & memberships. 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. SHAMEEK KONAR: You know, we've been-- at Pilot, we have this incredible network, where we can actually help solve range anxiety. BRIAN CHEUNG: Shameek, why EVgo? Shameek Konar has been associated with eight companies, according to public records. 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. Cision Distribution 888-776-0942 Konar encouraged lawmakers to structure and implement policies that encourage utilities and fuel retailers to focus where each is most productive. The rest of Pilots management team will stay in place. Shameek Konar has been working as a Chief Executive Officer at Pilot Flying J for 6 years. 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. But a lot of what was expected coming from Build Back Better is no longer, at least right now. 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. 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. Related by Industry: Convenience Stores & Gas Stations. Bill Haslam and Whitney Haslam Johnson. Shameek Konar CEO Pilot Company Shameek Konar serves as Pilot Company's chief executive officer. In 2021 and beyond, the Haslam family will continue to be involved. It's good to talk to you today. Trucks fill up at a truck stop in Northern California. 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. 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. But we would require, or we would benefit from government funding, because like I said, the economics will be difficult in the beginning. When typing in this field, a list of search results will appear and be automatically updated as you type. 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." Shameek Konar serves as Pilot Company's chief executive officer. The lithium-ion battery manufacturing facility will add capacity to the EV battery supply chain. The House Transportation and Infrastructure Committee on March 17 held a four-hour hearing on business solutions to climate change. 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 Chief Executive Officer Shameek Konar serves as Pilot Company's chief executive officer. Shameek has successfully launched and grown our Pilot Energy business and become a key member of our leadership team. Jul 22, 2020. 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. Request Permissions. 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. Subscribe to updates and stay connected on the latest news from NATSO. Shameek Konar is about take an unprecedented step at Pilot Company as he assumes the role of CEO in January. Biden to Nominate Julie Su as Next U.S. Labor Secretary. That . And we are going to size the number of chargers we put in these locations based on demand. The magnitude of these effects varies across industries, with larger losses accruing to the traditionally polluting industries. Konar will ease into the new role over the next six months. 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. Before Mercuria, Mr. Konar was Managing Director and Global Co-Head of Commodities Principal Investments at Goldman Sachs. And I ask, because obviously, there was some money set aside in the infrastructure bill. NATSO thinks that policies to advance the adoption of electric vehicles should foster a dynamic and competitive marketplace that encourages private sector investment in electric vehicle charging infrastructure, and avoid harming those businesses best positioned to accelerate EVs in the market. "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. Bloomberg Law speaks with prominent attorneys and legal scholars, analyzing major legal issues and cases in the news. "Union Pacific's restrictions will prevent Pilot from keeping many markets adequately supplied with DEF, likely causing shortages that will sideline trucks and reduce trucking capacity.". 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. Shameek Konar will become chief executive officer of Knoxville-based Pilot Company beginning in 2021, the company said Tuesday. It also generated $1 billion in losses last year. 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. 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. "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. In 2021 and beyond, the Haslam family will continue to be involved. He has a degree in Economics and Mathematics from St. Stephens College in India and a PhD in Economics and Finance from Vanderbilt University. As CEO, store operations and development will be added to Konars role in 2021. What Could Elon Musk Possibly Be Thinking? Informa Markets, a trading division of Informa PLC. How is that distributed among the partners here? For all alerts and more info please And as you know, range anxiety is probably one of the biggest challenges we have on EV adoption. Pilot supplies more than 11 billion gallons of. We need to keep that in mind. Shameek Konar Chief Executive Officer Shameek Konar serves as Pilot Company's chief executive officer. 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. 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. As markets change, and as opportunities change, we have to change, right? Pilots had a long history of innovating as markets changed and looking for the opportunity.. With that move, current CEO Jimmy Haslam, son of founder James (Jim) Haslam, will become chairman of the board. A diesel engine without DEF will automatically shut down if it is not available. Reporters from Bloomberg's Washington, D.C. bureau are prominently featured as they offer analysis of policy and legal issues. 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. 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. The switch is already happening and will continue for the . Chatbots that arent tested and trained continuously are destined for failure, and customers will be the ones to suffer from chatbot incompetence. Diesel-powered tractors also require DEF. 2023 Industrial Media, LLC. Jim Haslam founded the company in 1958 and his son, Jimmy Haslam, is currently Chairman after 25 years serving as CEO. Pilots CEO Shameek Konar testified that with the right policy framework and incentive structure, fuel retailers provide the best opportunity for advancing alternative fuels, including electricity, into the marketplace. 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.. 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. In January, Parent will become senior advisor to the CEO and the chairman, providing guidance on strategy and key priorities for the company. The Netherlands plans to launch a pilot program to experiment with the legal sale of cannabis by the end of this year. 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. Shameek Konar will be the fourth CEO of Pilot Company. In January, Parent will become senior advisor to the CEO and the chairman, providing guidance on strategy and key priorities for the company. 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. 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. SHAMEEK KONAR: No, that's a great question. The Four-Day Workweek Pilot Worked. 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. BRIAN CHEUNG: Shameek Konar, CEO of the Pilot Company, thanks so much for stopping by this morning. Other family members will be involved as well including former Tennessee Gov. Konar says a big rig will take on about seven gallons of DEF at every diesel fill-up. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. The National Read Across America Day takes place every year on March 2, Geisels birthday. As CEO, store operations and development will be added to Konars role in 2021. Google Shuts Down Trash-Sorting Robot Division. 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. This material may not be published, broadcast, rewritten, or redistributed. Registered in England and Wales. The rest of Pilots leadership team will remain in place. He did not push for an increase in truck weight limits. 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. from 8 AM - 9 PM ET. 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. 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. Jimmy Haslam's father, Pilot founder Jim Haslam, will move from chairman to chairman emeritus. 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. Consumers see it every time they fill up their car and purchase groceries. Because there aren't enough EVs out in the market at this point in time. Nation's largest fuel retailer announces new . 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 supplies more than 14 billion gallons of fuel per year and also provides DEF, bio and renewables to the market. We have full confidence that Shameek will continue to grow the legacy of our familys business.. The model wont work for every business and may only be viable for companies able to adapt to a new way of working. A prototype print can be complete with all the detailed specifications for the part yet fail to communicate a very critical piece of information. Piloting planes has never been an easy job, and leading a company has not been either. 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. . We report on a study that relates the market value of firms in the S&P 500 to objective measures of their environmental performance. More information on locations and amenities are available on the Pilot Flying J app. Pilot Company remains family owned and operated with Shameek Konar as CEO since 2021. Why specifically that company? The railroad company has asked that Pilot cut their rail shipments in half. Edited at Harvard University's Kennedy School of Government, The Review has published some of the most important articles in empirical economics. Media Contacts: Edelman Mike Geller +1 (212) 729-2163 [emailprotected], SOURCE Castleton Commodities International LLC, Cision Distribution 888-776-0942 Shameek Konar will be the fourth CEO of Pilot Company, a company that operates 950 retail and fuel locations across North America, sources reported. 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. Headquartered in Knoxville, Tennessee, Pilot Company is the 10th largest privately held company in the United States and employs 28,000 team members. In one-on-one interviews, Rubenstein will learn investing strategies and tactics from some of the world's top wealth creators. Besides, GM also has another partnership with EVgo, where EVgo and GM work together, so there is familiarity with EVgo. When joining the Pilot family, I was immediately drawn to the strong culture that Jimmy and the entire Haslam family created. How much of that's actually been secured already? You'll have a number of other amenities, from showers to clean restrooms to merchandise. And definitely, we're still way below 2019 levels, both at Pilots and across the country. It will only help the adoption of EVs. The rest of Pilot's management team will stay in place. 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 /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. So I think people are being way more cautious about the amount of money they're spending, and it is impacting our sales. For one company, it was an opportunity to transform the way clinical trials are conducted, without sacrificing scientific rigor. Jimmy Haslam and his wife, Dee, also own the Cleveland Browns football team, which they bought in 2012 for $1.05 billion. The Review of Economics and Statistics is an 84-year old general journal of applied (especially quantitative) economics. 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. 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. When buying cowboy boots, there are a few aspects to consider, such as how far up they go on your legs and their design. BRIAN CHEUNG: Shameek, it's Brian Cheung here. Youve gone from two minutes to fuel a car to 40 minutes or 30 minutes to charge your car. At Pilot Flying J, Shameek Konar has 24 colleagues including James Haslam (Chairman Emeritus), Jimmy Haslam (Chairman of the Board) Industry Colleagues. 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. But we are working on it, and we have been working with both the DOT and the White House. Pilot Company is currently ranked No. Konar further . 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. 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. 20,241 executive movements have been recorded in the last 12 months. 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. But at this point, we have not secured government funding. And you know what's great putting them in Pilots? He has a degree in Economics and Mathematics from St. Stephens College in India and a PhD in Economics and Finance from Vanderbilt University. About 10 years ago biodiesel and biofuels were not [economically viable] and available in the market and our customers didnt want it, Konar said. Copyright 2023. Jimmy Haslams daughter, Whitney Haslam Johnson, will continue to be chief experience officer and a member of the board, and former Tennessee Gov. And you know, we finally got it done. 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. The Haslams weren't charged with wrongdoing. AKIKO FUJITA: Yeah, Pilot's certainly a very familiar sight for those who are out on road trips. 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. We talk to all of them in the space, as you can imagine, right? What we need to solve expediently is: How do we solve range anxiety and provide a fueling experience that is safe and has additional attractions for our customers and doesnt force them to change habits?, Konar said. As 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.. 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. 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