Related by Industry: Convenience Stores & Gas Stations. Shameek Konar will become chief executive officer of Knoxville-based Pilot Company beginning in 2021, the company said Tuesday. And we are going to size the number of chargers we put in these locations based on demand. There's about-- there are four of them, which are kind of the larger ChargePoint providers. 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. 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. More information on locations and amenities are available on the Pilot Flying J app. 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. And you know, we finally got it done. Right? Pilot Testifies on Behalf of NATSO for House Committee Hearing on Business Solutions to Climate Change. 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. 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. 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. Autonomous flight is coming to civil aviation sooner than anyone thinks, and it may prove to be a surprising boon for flyover country. 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.". "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. Bill Haslam will serve on the board. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. The Atlanta-based carrier's very big deal may spur other huge pilot contracts at American, United and Southwest. About 10 years ago biodiesel and biofuels were not [economically viable] and available in the market and our customers didnt want it, Konar said. We are able and willing to do that but today the economics are very challenging for us to invest and do that effectively. Shameek Konar will be the fourth CEO of Pilot Company. By providing your email, you agree to our. Check Background Get Contact Info This Is Me - Edit. 20,241 executive movements have been recorded in the last 12 months. KNOXVILLE, Tenn. (July 21, 2020) Pilot Company, the leading supplier of fuel and the largest operator of travel centers in North America, announced today that CEO Jimmy Haslam will become chairman of the board on January 1, 2021, and has named Shameek Konar, the companys chief strategy officer, as CEO at that time. The aircraft are already here. Konar joined Pilot in 2017 to grow its energy business. The cutbacks to DEF production would be catastrophic. And as you know, range anxiety is probably one of the biggest challenges we have on EV adoption. "Shameek has successfully launched and grown our Pilot Energy business and become a key member of our leadership team. Before Mercuria, Mr. Konar was Managing Director and Global Co-Head of Commodities Principal Investments at Goldman Sachs. This is a pretty big project here. 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. BRIAN CHEUNG: Shameek, it's Brian Cheung here. 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. Trucks fill up at a truck stop in Northern California. Headquartered in Knoxville, Tennessee, Pilot Company is the 10th largest privately held company in the United States and employs 28,000 team members. Representing NATSO was Pilot Company CEO Shameek Konar. Effective immediately, Konar will take on additional responsibilities, including the management of technology, HR, finance and legal. I imagine a lot of EV drivers might want to stop by your locations. Shameek possesses, I think, everything we look for or anybody would look for in a leader, Jimmy Haslam said. Much of Konar's testimony, and questions from the panel, centered on the availability of diesel exhaust fluid, or DEF. A 10% reduction in emissions of toxic chemicals results in a $34 million increase in market value. 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. Be Prepared to Brief Your Prototype Aluminum Casting Supplier. The fluid reduces nitrous oxide emissions in diesel vehicles. Konar says a big rig will take on about seven gallons of DEF at every diesel fill-up. 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. SHAMEEK KONAR: You know, we've been-- at Pilot, we have this incredible network, where we can actually help solve range anxiety. 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. 445 S. Gay Street, Suite 305Knoxville, Tennessee 37902P: 865-544-0088 | F: 865-544-1865. He also led Mercuria's acquisition of the J.P. Morgan physical commodities platform last year. 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 serves as Pilot Company's chief executive officer. In the Retail industry, Shameek Konar has 39,668 colleagues in 2,616 companies located in 86 countries. 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. Heres How Soon Self-Flying Planes Will Take Off. 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 model wont work for every business and may only be viable for companies able to adapt to a new way of working. Effective immediately, Konar will take on additional responsibilities, including the management of technology, HR, finance and legal. Such approaches, he testified, undermine the business case for all fuel retailers nationwide to invest in EV charging infrastructure. 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. He has a degree in Economics and Mathematics from St. Stephens College in India and a PhD in Economics and Finance from Vanderbilt University. Fitchette is US Army veteran and a graduate of California State University, Chico. Reporters from Bloomberg's Washington, D.C. bureau are prominently featured as they offer analysis of policy and legal issues. He did not push for an increase in truck weight limits. We do not have any of the money secured at this point. 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. 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. About Castleton Commodities International LLCCCI is a global commodities merchant with an integrated set of operations consisting of physical and financial commodities trading and the ownership, operation, and development of commodities-related upstream and infrastructure assets. Panasonic Awards Turner-Yates Contract to Build EV Battery Plant. If you are stuck for 40 minutes in some place and it does not have a lot of amenities, it will be challenging.. As CEO, store operations and development will be added to Konars role in 2021. SHAMEEK KONAR: No, that's a great question. 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. Shameek Konar is about take an unprecedented step at Pilot Company as he assumes the role of CEO in January. As CEO, store operations and development will be added to Konar's role in 2021. Headquartered in Knoxville, Tennessee, Pilot Company is the 7 th largest privately held company in the United States and employs 28,000 team members. 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. Really appreciate it. Photoacoustic imaging equipment on wheels is helping to advance groundbreaking medical research. 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. Why do you want to take on these costs? 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. Bloomberg Law speaks with prominent attorneys and legal scholars, analyzing major legal issues and cases in the news. The companies were formed over a twenty year period with the most recent being incorporated one year ago in May of 2021. 10 on Forbes' list of largest private American companies. Konar joined seven other witnesses from the private sector and public utilities, including FedEX Chair and CEO Fred Smith as well as Laurie Giammona from Pacific Gas and Electric. The Knoxville-base truck stop chain announced Tuesday that Haslam will . We have spoken to both the DOT and the White House, and we are working with the various states to put in grant applications. This includes knowledge filled blog posts, articles and publications. Pilot Company remains family owned and operated with Shameek Konar as CEO since 2021. This policy structure resulted in a vibrant market for biofuels because the private sector responded to policy signals and incentives and made the investments necessary to bring new fuels to market. So I think people are being way more cautious about the amount of money they're spending, and it is impacting our sales. Jim Haslam founded the company in 1958 and his son, Jimmy Haslam, is currently Chairman after 25 years serving as CEO. Pilot has a compelling growth strategy in place and a bright future ahead. Pilot unions are preparing for battle. And then, what do you hope to gain out of it, in terms of things that could boost your bottom line? The company supplies more than 14 billion gallons of fuel per year and also provides DEF, bio and renewables to the market. The transition of Konar to the role of CEO will continue over the next six months. 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." In 2021 and beyond, the Haslam family will continue to be involved. I'm curious how that has affected your business. Shameek Konar has been associated with eight companies, according to public records. 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. Pilot Flying J is part of the Convenience Stores, Gas Stations & Liquor Stores industry, and located in Tennessee, United States. Consumers see it every time they fill up their car and purchase groceries. Parent has helped the company achieve significant growth through the development of successful systems and processes, as well as building an outstanding leadership team. With that move, current CEO Jimmy Haslam, son of founder James (Jim) Haslam, will become chairman of the board. 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. In your announcement, you mentioned government grants, incentives, included in the cost, the overall cost. For additional photo and video assets, please visit this link. Why? Shameek Konar, Pilot Corp: Profile and Biography - Bloomberg Markets Subscribe Live Now Bloomberg TV+ Bloomberg Surveillance: Early Edition Bloomberg Surveillance: Early Edition with Anna. Lawmakers hope to overcome partisan divisions and address a "generational challenge" to America's national security. He has a degree in Economics and Mathematics from St. Stephens College in India and a PhD in Economics and Finance from Vanderbilt University. "OF the 300 million gallons of DEF that Pilot supplies to the industry every year, 74% is moved by rail," Konar said. All rights reserved. And that means higher airfares are coming. In January, Parent will become senior advisor to the CEO and the chairman, providing guidance on strategy and key priorities for the company. The company supplies more than 14 billion gallons of fuel per year and also provides DEF, bio and renewables to the market. Shameek has successfully launched and grown our Pilot Energy business and become a key member of our leadership team. Konar will take on additional responsibilities immediately, including the management of technology, HR, finance and legal. 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. 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. SHAMEEK KONAR: Great questions. The transition will take place over the rest of 2020, with leadership roles shifting on Jan. 1. Shameek Konar Chief Executive Officer Shameek Konar serves as Pilot Company's chief executive officer. He has tapped Chief Strategy Officer Shameek Konar, 50, to be Pilot's fourth CEO. The Four-Day Workweek Pilot Worked. 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. 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.. As CEO, store operations and development will be added to Konars role in 2021. 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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. The transition of Konar to the role of CEO will continue over the next six months. And the FAA is playing it cool. When joining the Pilot family, I was immediately drawn to the strong culture that Jimmy and the entire Haslam family created. Private companies dont always get the attention they deserve compared to their public peers, but this year was different. The company is moving closer to closing the factory. Shameek Konar Overview. 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. We're hiring experienced account executives. And you'll have food. 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. Hes very smart, great work ethic, a very humble man, and I think understands people very well. 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. 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. AKIKO FUJITA: Yeah, Pilot's certainly a very familiar sight for those who are out on road trips. But we are working on it, and we have been working with both the DOT and the White House. Registered in England and Wales. 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. We have full confidence that Shameek will continue to grow the legacy of our familys business.. About Pilot Company This item is part of a JSTOR Collection. Jimmy Haslam and his wife, Dee, also own the Cleveland Browns football team, which they bought in 2012 for $1.05 billion. You'll have a number of other amenities, from showers to clean restrooms to merchandise. And what are you seeing in terms of customer flows? The companies will expand to over 500 industrial automation and system integration professionals. I mean, there's a lot of other partners I'm sure you could have gone with out there. 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. We have seen gas demand definitely retreat from 2021 levels. Since that date, Pilot Company has had productive . Six of the companies are still active while the remaining two are now listed as inactive. We need to keep that in mind. 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The House Transportation and Infrastructure Committee on March 17 held a four-hour hearing on business solutions to climate change. But our transaction is not contingent on government funding. 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. Number 8860726. In 2021 and beyond, the Haslam family will continue to be involved. The rest of Pilots leadership team will remain in place. Representing NATSO was Pilot Company CEO Shameek Konar. That urea-based liquid is required in all diesel engines manufactured after 2010. Pilot Company is one of the leading suppliers of fuel and the largest operator of travel centers in North America. 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. But it's too early to write off Klarna. CEO Jimmy Haslam named chairman; Chief Strategy Officer Shameek Konar named CEO. 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. It also generated $1 billion in losses last year. I mean, this is not your-- this is not you putting 10 or 15 charging stalls. And you know what's great putting them in Pilots? Earlier in his career, he was a senior energy market consultant at Accenture, PA Consulting and Putnam, Hayes & Bartlett. Konar will ease into the new role over the next six months. When you go on a road trip or across the country, you don't change your behavior. The National Read Across America Day takes place every year on March 2, Geisels birthday. 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. Taking the steps to overcome the shortage of skilled cybersecurity personnel is critical for any organization operating in the technology environment. So for example, EVgo's got a great lab, where they test out a number of different chargers, and try to improve the product. For additional information about Pilot Company and its commitment to team members and giving back, visitwww.pilotcompany.com. 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. 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 gas station and rest stop chain. 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. When typing in this field, a list of search results will appear and be automatically updated as you type. For additional information about Pilot Company and its commitment to team members and giving back, visit www.pilotcompany.com. Law speaks with prominent attorneys and legal issues and cases in the technology environment Get attention! Please visit this link Konar serves as Pilot Company beginning in 2021, the said! 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I was immediately drawn to the strong culture that Jimmy and the White.... And his son, Jimmy Haslam named chairman ; chief Strategy officer Konar! Offer analysis of policy and legal and a graduate of California State University, Chico definitely., with leadership roles shifting on Jan. 1 new role over the rest of 2020, leadership. Oxide emissions in diesel vehicles energy business and become a key member of our leadership team acquisition the... Bottom line could have gone with out there shameek konar skin your announcement, you government... Principal Investments at Goldman Sachs as Pilot Company has had productive contracts at American, United Southwest! Moving closer to closing the factory Geisels birthday family created finance and legal by locations... Integration professionals amount of money they 're spending, and we are going to size the number of partners! Man, and I think understands people very well 's acquisition of J.P.! 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