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. More information on locations and amenities are available on the Pilot Flying J app. Previous studies that attempt to relate environmental to financial performance have often led to conflicting results due to small samples and subjective environmental performance criteria. We report on a study that relates the market value of firms in the S&P 500 to objective measures Testifying on behalf of NATSO before the House Transportation and Infrastructure Committee, Pilot Company Chief Executive Officer Shameek Konar testified that truckstops and travel plazas are best positioned to own and operate EV charging stations and that the right alignment of policy incentives will ensure a faster, more widespread and cost . More and more companies are moving to a four-day workweek. July 22, 2022, 9:06 AM Pilot Company CEO Shameek Konar joins Yahoo Finance Live to discuss its plans to roll out an EV charging network in partnership with GM and EVgo, and the outlook for the. The transition of Konar to the role of CEO will take place over the next six months. Jimmy Haslam's tenure as CEO of the family operated Pilot Co. will come to an end with the arrival of 2021. He has a degree in Economics and Mathematics from St. Stephens College in India and a PhD in Economics and Finance from Vanderbilt University. 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. 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. His journalistic experience includes local daily and weekly newspapers, where he was recognized early in his career as an award-winning news photographer. 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. Jim Haslam founded the company in 1958 and his son, Jimmy Haslam, is currently. Utilities are best suited to perform the necessary generation development and power grid restructuring work through its regulated monopoly; however they should not be given a leg up over private companies seeking to enter the market for electric vehicle charging infrastructure that consumers use to power their vehicles. 10 on Forbes list of Americas largest private companies. BRIAN CHEUNG: Shameek, why EVgo? Pilot has a compelling growth strategy in place and a bright future ahead. Konar will be the fourth CEO at the Tennessee-based company that operates 950 retail and fuel locations across North America, theKnoxville News Sentinelreported. 10 on Forbes' list of largest private American companies. Taking into account various assets, Shameek's net worth is greater than $499,999; and makes between $150 - 174,999 a year. 10 on Forbes' list of America's Largest Private Companies. 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. Shameek Konar serves as Pilot Company's chief executive officer. Shameek Konar will become chief executive officer of Knoxville-based Pilot Company beginning in 2021, the company said Tuesday. 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. Konar will take on additional responsibilities immediately, including the management of technology, HR, finance and legal. Tesla Wants $330M in Additional Nevada Tax Breaks. 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. "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. 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. Informa Markets, a trading division of Informa PLC. Such approaches, he testified, undermine the business case for all fuel retailers nationwide to invest in EV charging infrastructure. Media Contacts: Edelman Mike Geller +1 (212) 729-2163 [emailprotected], SOURCE Castleton Commodities International LLC, Cision Distribution 888-776-0942 All this while wages remain largely stagnant, which in economic terms means that consumers experience regular pay cuts as their buying power falls considerably. Whether encountering turbulent times or smooth sailing, leaders can look to a number of ways to keep a strong company culture. Konar, 50, has been at Pilot since 2017 and said he plans to continue with a growth mindset. The average "intangible liability" for firms in our sample is $380 million-approximately 9% of the replacement value of tangible assets. 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. 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. 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. He has a degree in Economics and Mathematics from St. Stephens College in India and a PhD in Economics and Finance from Vanderbilt University. Shameek Konar has been working as a Chief Executive Officer at Pilot Flying J for 6 years. Joining us with more on the launch is Pilot's CEO, Shameek Konar. Headquartered in Knoxville, Tennessee, Pilot Company is the 7 th largest privately held company in the United States and employs 28,000 team members. For additional photo and video assets, please visit this link. The cutbacks to DEF production would be catastrophic. Certainly a lot of excitement when that announcement first came down. Pilot Company remains family owned and operated with Shameek Konar as CEO since 2021. /PRNewswire/ -- Castleton Commodities International LLC ("CCI" or the "Company") today announced the hiring of Shameek Konar as Chief Investment Officer and. Pilot Company is currently ranked No. Parent has helped the company achieve significant growth through the development of successful systems and processes, as well as building an outstanding leadership team. When joining the Pilot family, I was immediately drawn to the strong culture that Jimmy and the entire Haslam family created. 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. 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." This is untenable for trucking and the U.S. economy. "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. Much of Konar's testimony, and questions from the panel, centered on the availability of diesel exhaust fluid, or DEF. This material may not be published, broadcast, rewritten, or redistributed. 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. But we would require, or we would benefit from government funding, because like I said, the economics will be difficult in the beginning. The One9 Fuel Network provides fleets and professional drivers with more places to stop at a variety of fueling locations. Visit Pilot Company Listen to more FreightWaves Podcasts Subscribe on Apple Podcasts 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. . Pilot Company is one of the leading suppliers of fuel and the largest operator of travel centers in North America. And public-private partnerships like this would be the way for us to move forward. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. When buying cowboy boots, there are a few aspects to consider, such as how far up they go on your legs and their design. 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. Shameek Konar CEO Pilot Company Shameek Konar serves as Pilot Company's chief executive officer. The transition of Konar to the role of CEO will continue over the next six months. 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. Jimmy Haslam's father, Pilot founder Jim Haslam, will move from chairman to chairman emeritus. The Haslams weren't charged with wrongdoing. What Could Elon Musk Possibly Be Thinking? The Haslam family, the news release noted, will continue to be involved in Pilot Company, the nations largest operator of travel centers with more than 950 locations and the largest seller of over-the-road diesel fuel. 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.. Shameek Konar is Former Chief Invsmt Ofcr/Global Head:Business Dev at Castleton Commodities Merchant TD LP. in April it neededto ease traffic jams in the supply chain and would begin metering deliveries if customers didn't voluntarily reduce inventory. Shameek Konar, Pilot Corp: Profile and Biography - Bloomberg Markets Subscribe Live Now Bloomberg TV+ Bloomberg Surveillance: Early Edition Bloomberg Surveillance: Early Edition with Anna. 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. The transition of Konar to the role of CEO will continue over the next six months. Reporters from Bloomberg's Washington, D.C. bureau are prominently featured as they offer analysis of policy and legal issues. 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. Representing NATSO was Pilot Company CEO Shameek Konar. Subscribe to receive the latest information. This item is part of a JSTOR Collection. For all alerts and more info please 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. And that means higher airfares are coming. You stop to fill gas. We have full confidence that Shameek will continue to grow the legacy of our family's business.". CEO Jimmy Haslam will transition to the fuel company's chairman of the board role beginning Jan. 1. How is that distributed among the partners here? 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. 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. Earlier in his career, he was a senior energy market consultant at Accenture, PA Consulting and Putnam, Hayes & Bartlett. KNOXVILLE, Tenn. (AP) The CEO of Pilot Company, the nations 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. 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. 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. Corn, soybeans bounce back after Tuesdays severe slump, Calf prices strengthen, cattle herd shrinking. . Find out the challenges and triumphs of leading an energy, data and hospitality-obsessed company that is striving to put the driver first. Shameek Konar will become chief executive officer of Knoxville-based Pilot Company beginning in 2021, the company said Tuesday. If you use a windshield cover, you can at least forget about scrapping the ice off your windshield to save some time and hassle. Piloting planes has never been an easy job, and leading a company has not been either. The Netherlands plans to launch a pilot program to experiment with the legal sale of cannabis by the end of this year. 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. All rights reserved. Related by Industry: Convenience Stores & Gas Stations. Really appreciate it. We have seen gas demand definitely retreat from 2021 levels. 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. 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. Konar has more than 20 years of experience in the energy and commodity market, specializing in acquisition and operations of energy assets. Now, the question really becomes, do we treat a Pilot in the middle of Texas the same as a Pilot in the LA market? 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. 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. It's good to talk to you today. Number 8860726. The show examines all aspects of the legal profession, from intellectual property to criminal law, from bankruptcy to securities law, drawing on the deep research tools of BloombergLaw.com and BloombergBNA.com. Avoid making these seven mistakes to craft a stronger, more resilient retail strategy for your product business. The Knoxville-base truck stop chain announced Tuesday that Haslam will . Konar joined Pilot in 2017 to grow its energy business. And definitely, we're still way below 2019 levels, both at Pilots and across the country. Jim Haslam founded the company in 1958 and his son, Jimmy Haslam, is currently Chairman after 25 years serving as CEO. "When joining the Pilot family, I was immediately drawn to the strong culture that Jimmy and the entire Haslam family created. 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. It also generated $1 billion in losses last year. Todays Wordle #621 Hint, Clues And Answer For Thursday, March 2nd, Delta Pilots Ratify Contract With Massive 34% Salary Hike, Why Overcoming The Cybersecurity Labor Shortage Matters To Company Success, The 7 Biggest Mistakes Growing Companies Make With Their Retail Strategy, Digital Healthcare Company Speeds Development And Delivery Of New Drugs, Klarna Is Not A Buy Now, Pay Later (BNPL) Company, Inside The Company That Uses Robots To Deal With Cat Poop, The Bot-Pocalypse Is Coming: How Companies Can Prepare, Three Leadership Lessons You Learn From Piloting Planes, 6 Ways To Maintain Healthy Company Culture, Netherlands To Kick Off Legal Cannabis Sale Pilot Program, No Pilot, No Problem? Pilot supplies more than 11 billion gallons of. We report on a study that relates the market value of firms in the S&P 500 to objective measures of their environmental performance. Bill Haslam and Whitney Haslam Johnson. There's about-- there are four of them, which are kind of the larger ChargePoint providers. Be Prepared to Brief Your Prototype Aluminum Casting Supplier. The model wont work for every business and may only be viable for companies able to adapt to a new way of working. 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. 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. 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. Pilot Flying J is part of the Convenience Stores, Gas Stations & Liquor Stores industry, and located in Tennessee, United States. The magnitude of these effects varies across industries, with larger losses accruing to the traditionally polluting industries. But it's too early to write off Klarna. But over time, we fully feel like this will be a great new set of customers who are going to come to our locations. It allegedly presents an unacceptable cancer risk to the nearby community. James (Jim) Haslam, who started the company in 1968 as single gas station, will remain involved in the company as well as chairman emeritus. In 2021 and beyond, the Haslam family will continue to be involved. Konar is currently Pilot's chief strategy officer. Pilot Company is one of the leading suppliers of fuel and the largest operator of travel centers in North America. 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 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. 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. Six of the companies are still active while the remaining two are now listed as inactive. Shameek Konar Chief Executive Officer Shameek Konar serves as Pilot Company's chief executive officer. With $180 million in sales last year, Whisker aims to get stinking rich from the business of kitties doing their business. 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, visit www.pilotcompany.com. More information on locations and amenities are available on the Pilot Flying J app. Learn more about . He says the company has committed to building a plant in Monterrey. And the FAA is playing it cool. Taking the steps to overcome the shortage of skilled cybersecurity personnel is critical for any organization operating in the technology environment. The railroad company has asked that Pilot cut their rail shipments in half. And I think it helps us with EV adoption going forward. The companies will expand to over 500 industrial automation and system integration professionals. 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. But we are going to size it based on demand, and as EV adoption kind of increases, we fully anticipate putting in incremental chargers in these locations. 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. The Review of Economics and Statistics 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. Konar encouraged lawmakers to structure and implement policies that encourage utilities and fuel retailers to focus where each is most productive. By providing your email, you agree to our. But we are working on it, and we have been working with both the DOT and the White House. Why specifically that company? But our transaction is not contingent on government funding. Renowned financier, Co-Founder of The Carlyle Group, and philanthropist David Rubenstein provides unparalleled access to the world's most successful investors. 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. Shameek Konar offered this testimony to the Surface Transportation Board on April 27, 2022 - referring specifically to diesel exhaust fluid. With that move . 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. Shameek Konar Overview. The rest of Pilot's management team will stay in place. (Podcast), Former Chief Invsmt Ofcr/Global Head:Business Dev, Castleton Commodities Merchant TD LP. Jimmy Haslams daughter, Whitney Haslam Johnson, will continue to be chief experience officer and a member of the board, and former Tennessee Gov. If you are stuck for 40 minutes in some place and it does not have a lot of amenities, it will be challenging.. This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. AKIKO FUJITA: Shameek, let's talk about the bulk of your current business. 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. Jim Haslam founded the company in 1958 and his son, Jimmy Haslam, is currently Chairman after 25 years serving as CEO. SHAMEEK KONAR: No, that's a great question. And as you know, range anxiety is probably one of the biggest challenges we have on EV adoption. At Pilot Flying J, Shameek Konar has 24 colleagues including James Haslam (Chairman Emeritus), Jimmy Haslam (Chairman of the Board) Industry Colleagues. 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. This includes knowledge filled blog posts, articles and publications. 445 S. Gay Street, Suite 305Knoxville, Tennessee 37902P: 865-544-0088 | F: 865-544-1865. 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. Pilot Company, headquartered in Knoxville, is ranked No. The company says it will create 3,000 jobs at an average rate of $33.49 per hour and invest $3.6 billion into the economy. 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. Talk to me about how this partnership came about. 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. 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. 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 Four-Day Workweek Pilot Worked. "Shameek has successfully launched and grown our Pilot Energy business and become a key member of our leadership team. The company has grown to become the nations largest operator of travel centers with more than 950 locations and is the largest seller of over-the-road diesel fuel. 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. Su was central to negotiations between labor and freight rail companies late last year. 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. Prominently featured as they offer analysis of policy and legal are stuck for 40 minutes in place... Been either that announcement first came down stop chain announced Tuesday that Haslam will not... Since 2017 and said he plans to launch a Pilot program to experiment the... 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