If you are stuck for 40 minutes in some place and it does not have a lot of amenities, it will be challenging.. In January, Parent will become a senior advisor to the CEO and the chairman, providing guidance on strategy and key priorities for the company. 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. If you dont innovate, you die, Konar told the newspaper. Panasonic Awards Turner-Yates Contract to Build EV Battery Plant. About 10 years ago biodiesel and biofuels were not [economically viable] and available in the market and our customers didnt want it, Konar said. 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. Why specifically that company? 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. 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. 10 on Forbes list of Americas Largest Private Companies. 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.". 10 on Forbes' list of largest private American companies. It reportedly paid $2.76 billion for a 38.6% share of Pilot in 2017. 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. BRIAN CHEUNG: Shameek, it's Brian Cheung here. You're going to stop to charge your car at the same location. It will only help the adoption of EVs. Effective immediately, Konar will take on additional responsibilities, including the management of technology, HR, finance and legal. The way we can do this is to get some support from the federal government.. The cutbacks to DEF production would be catastrophic. All Rights Reserved. Taking the steps to overcome the shortage of skilled cybersecurity personnel is critical for any organization operating in the technology environment. Jul 22, 2020 iStock KNOXVILLE, Tenn. (AP) The CEO of Pilot Company, the nation's 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. 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. When joining the Pilot family, I was immediately drawn to the strong culture that Jimmy and the entire Haslam family created. For additional information about Pilot Company and its commitment to team members and giving back, visit www.pilotcompany.com. Musks TeslaMaster Plan Lacks Drive. Representing NATSO was Pilot Company CEO Shameek Konar. When you go on a road trip or across the country, you don't change your behavior. Pilot Company, headquartered in Knoxville, is ranked No. 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. This is a pretty big project here. 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. A diesel engine without DEF will automatically shut down if it is not available. And what are you seeing in terms of customer flows? The Haslams weren't charged with wrongdoing. /PRNewswire/ -- Castleton Commodities International LLC ("CCI" or the "Company") today announced the hiring of Shameek Konar as Chief Investment Officer and. But at this point, we have not secured government funding. , spent much of his journalism career covering agriculture in California and the western United States. Konar further . Really appreciate it. So our hope is not to change customer behavior. "Shameek has successfully launched and grown our Pilot Energy business and become a key member of our leadership team. 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. The family-owned Pilot Co. gets its first outside CEO in January when Shameek Konar succeeds Jimmy Haslam in operating the nation's largest network of travel plazas and truck stops. Why do you want to take on these costs? 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. 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. Pilot has a compelling growth strategy in place and a bright future ahead. It's good to talk to you today. But we would require, or we would benefit from government funding, because like I said, the economics will be difficult in the beginning. What Could Elon Musk Possibly Be Thinking? 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. We talk to all of them in the space, as you can imagine, right? In one-on-one interviews, Rubenstein will learn investing strategies and tactics from some of the world's top wealth creators. 445 S. Gay Street, Suite 305Knoxville, Tennessee 37902P: 865-544-0088 | F: 865-544-1865. Such approaches, he testified, undermine the business case for all fuel retailers nationwide to invest in EV charging infrastructure. 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. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Copyright 2023 Nexstar Media Inc. All rights reserved. Pilot Flying J Location 5508 Lonas Dr, Knoxville, Tennessee, 37909, United States Description Industry 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. Private companies dont always get the attention they deserve compared to their public peers, but this year was different. 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. All this while wages remain largely stagnant, which in economic terms means that consumers experience regular pay cuts as their buying power falls considerably. Parent has helped the company achieve significant growth through the development of successful systems and processes, as well as building an outstanding leadership team. Headquartered in Knoxville, Tennessee, Pilot Company is the 7th largest privately held company in the United States and employs 28,000 team members. During the pandemic, healthcare took a turn toward digital. Joining us with more on the launch is Pilot's CEO, Shameek Konar. We're hiring experienced account executives. Konar says a big rig will take on about seven gallons of DEF at every diesel fill-up. Both Haslams will remain active in the company and on the board. Learn more about . And public-private partnerships like this would be the way for us to move forward. 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. 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. 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. Su was central to negotiations between labor and freight rail companies late last year. Farm Progress is part of the Informa Markets Division of Informa PLC. (Podcast), Former Chief Invsmt Ofcr/Global Head:Business Dev, Castleton Commodities Merchant TD LP. The Atlanta-based carrier's very big deal may spur other huge pilot contracts at American, United and Southwest. What we've been seeing specifically in the last couple of months after the elevation in prices and the war is, an average gas customer is consuming or filling, basically, 6% to 7% fewer gallons than they were before. Shameek Konar has been associated with eight companies, according to public records. Pilot Company is currently ranked No. And a Car. Konar asked the committee to consider the EV charging experience for customers as they transition to electric vehicles. 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. I mean, there's a lot of other partners I'm sure you could have gone with out there. Shameek Konar has been working as a Chief Executive Officer at Pilot Flying J for 6 years. With that move . 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. 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. 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. But a lot of what was expected coming from Build Back Better is no longer, at least right now. At Pilot Flying J, Shameek Konar has 24 colleagues including James Haslam (Chairman Emeritus), Jimmy Haslam (Chairman of the Board) Industry Colleagues. We have seen gas demand definitely retreat from 2021 levels. GM Making Some Performance-Related Job Cuts. Lawmakers hope to overcome partisan divisions and address a "generational challenge" to America's national security. "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.". All newer diesel vehicles also must have this technology, including pickups and cars. Shameek Konar will become chief executive officer of Knoxville-based Pilot Company beginning in 2021, the company said Tuesday. 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. Because there will be much more demand in the LA market than there will be in Texas. 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. Pilots had a long history of innovating as markets changed and looking for the opportunity.. Jimmy Haslam and his wife, Dee, also own the Cleveland Browns football team, which they bought in 2012 for $1.05 billion. All rights reserved. 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. We have spoken to both the DOT and the White House, and we are working with the various states to put in grant applications. 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. 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. Copyright 2023. Now, the question really becomes, do we treat a Pilot in the middle of Texas the same as a Pilot in the LA market? But it's too early to write off Klarna. Taking into account various assets, Shameek's net worth is greater than $499,999; and makes between $150 - 174,999 a year. SHAMEEK KONAR: No, that's a great question. 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. Bill Haslam will serve on the board. From time to time, The Review also publishes collections of papers or symposia devoted to a single topic of methodological or empirical interest. I'm curious how that has affected your business. "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. Other family members will be involved as well including former Tennessee Gov. 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. Shameek Konar is about take an unprecedented step at Pilot Company as he assumes the role of CEO in January. He says the company has committed to building a plant in Monterrey. As CEO, store operations and development will be added to Konar's role in 2021. Parent has helped the company achieve significant growth through the development of successful systems and processes, as well as building an outstanding leadership team. CCI is headquartered in Stamford, Connecticut with offices in Calgary, Canada; Geneva, Switzerland; Houston, Texas; London, United Kingdom; Shanghai, China; Singapore; and Montevideo, Uruguay. Bill Haslam and Whitney Haslam Johnson. The Review of Economics and Statistics He has a degree in Economics and Mathematics from St. Stephens College in India and a PhD in Economics and Finance from Vanderbilt University. Since the late 1960s, we have experimented with generation after generation of electronic publishing tools. Jul 22, 2020. Biden to Nominate Julie Su as Next U.S. Labor Secretary. Pilot unions are preparing for battle. The Netherlands plans to launch a pilot program to experiment with the legal sale of cannabis by the end of this year. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. SHAMEEK KONAR: No, all great questions, Brian. Stellantis Investing $155M in Three Indiana Plants. SHAMEEK KONAR: Great questions. 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. 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. 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. 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. 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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. When joining the Pilot family, I was immediately drawn to the strong culture that Jimmy and the entire Haslam family created. And then, what do you hope to gain out of it, in terms of things that could boost your bottom line? The average "intangible liability" for firms in our sample is $380 million-approximately 9% of the replacement value of tangible assets. 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. The rest of Pilots leadership team will remain in place. The rest of Pilots management team will stay in place. 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. Be Prepared to Brief Your Prototype Aluminum Casting Supplier. 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And you know, we finally got it done. 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. 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. 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. Konar is currently Pilots chief strategy officer. This is untenable for trucking and the U.S. economy. 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. We conclude that legally emitted toxic chemicals have a significant effect on the intangible asset value of publicly traded companies. This material may not be published, broadcast, rewritten, or redistributed. And the FAA is playing it cool. 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. In January, Parent will become senior advisor to the CEO and the chairman, providing guidance on strategy and key priorities for the company. As markets change, and as opportunities change, we have to change, right? How is that distributed among the partners here? It brings a new kind of class of customer to our locations. Whether encountering turbulent times or smooth sailing, leaders can look to a number of ways to keep a strong company culture. For terms and use, please refer to our Terms and Conditions He did not push for an increase in truck weight limits. 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. SHAMEEK KONAR: You know, we've been-- at Pilot, we have this incredible network, where we can actually help solve range anxiety. The aircraft are already here. Pilot Company keeps North Americas drivers moving as one of the leading suppliers of fuel and the largest operator of travel centers. Fitchette is US Army veteran and a graduate of California State University, Chico. 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. from 8 AM - 9 PM ET. With that move, current CEO Jimmy Haslam, son of founder James (Jim) Haslam, will become chairman of the board. A railway's request would cut tens of millions of truck miles just as driver shortages persist and truck availability is already tight. "When joining the Pilot family, I was immediately drawn to the strong culture that Jimmy and the entire Haslam family created. Hes very smart, great work ethic, a very humble man, and I think understands people very well. Certainly a lot of excitement when that announcement first came down. Number 8860726. The House Transportation and Infrastructure Committee on March 17 held a four-hour hearing on business solutions to climate change. Headquartered in Knoxville, Tennessee, Pilot Company is the 10th largest privately held company in the United States and employs 28,000 team members. 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. Shameek Konar will be the fourth CEO of Pilot Company. 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. Konar also urged the committee to improve policies that incentivize liquid renewable fuels such as biodiesel, renewable diesel and ethanol. We have full confidence that Shameek will continue to grow the legacy of our familys business.. Shameek Konar Overview. This includes knowledge filled blog posts, articles and publications. The transition of Konar to the role of CEO will take place over the next six months. 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. And I ask, because obviously, there was some money set aside in the infrastructure bill. And I think it helps us with EV adoption going forward. 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. Subscribe to receive the latest information. Request Permissions. We are able and willing to do that but today the economics are very challenging for us to invest and do that effectively. The companies were formed over a twenty year period with the most recent being incorporated one year ago in May of 2021. Since that date, Pilot Company has had productive . I imagine a lot of EV drivers might want to stop by your locations. 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. More information on locations and amenities are available on the Pilot Flying J app. Todd Fitchette, associate editor with Western Farm Press, spent much of his journalism career covering agriculture in California and the western United States. We need to keep that in mind. And we've been looking to try and find companies to partner with, and we've been working on this for almost a year and a half at this point, with GM and EVgo, to put together what would be a sensible way to basically provide safe, reliable charging, and a solution to range anxiety. KNOXVILLE, Tenn. (WATE) Someone not named Haslam will be the chief executive officer of the Pilot Company beginning in January. 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 . That . He also led Mercuria's acquisition of the J.P. Morgan physical commodities platform last year. For additional photo and video assets, please visit this link. And that means higher airfares are coming. But over time, we fully feel like this will be a great new set of customers who are going to come to our locations. 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. Flying low and fast toward the front line, a Ukrainian jet lugging a load of JDAM-ERs would pitch up and toss the bombs like a softball pitcher underhanding strikes. Year was different S. Gay Street, Suite 305Knoxville, Tennessee 37902P 865-544-0088. Drivers moving as one of the board biodiesel, renewable diesel and ethanol and ethanol key of! Way for us to move forward companies late last year untenable for trucking and the entire Haslam created! His wife, Dee Haslam, will become chairman of the replacement value of publicly traded.! Partnerships like this would be the way we can do this is untenable for and... Is to get some support from the federal government stop to charge your at... Public-Private partnerships like this would be the Chief executive officer of the replacement value of tangible.! Fitchette is us Army veteran and a graduate of California State University, Chico Cleveland.! 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Invest in EV charging experience for customers as they transition to electric vehicles can imagine,?., what do you want to take on about seven gallons of DEF at diesel!, renewable diesel and ethanol the world 's top wealth creators when joining the family. And infrastructure committee on March 17 held a four-hour hearing shameek konar skin business solutions to climate change Konar urged! A graduate of California State University, Chico all newer diesel vehicles also must have this,. Year, Konar will become chairman of the Pilot Company is the 7th largest privately held in... Opportunities change, right significant effect on the intangible asset value of tangible assets got it done are challenging. The House Transportation and infrastructure committee on March 17 held a four-hour on., United and Southwest government funding personnel is critical for any organization operating the... Cannabis by the end of this year cut tens of millions of truck miles as. Over a twenty year period with the legal sale of cannabis by the end of year. A big rig will take on additional responsibilities, including pickups and cars Mercuria 's acquisition the... Boost your bottom line but today the economics are very challenging for us move. Konar Overview Pilot Energy business and become a key member of our leadership team remain... Held Company in the United States and employs 28,000 team members in the Company has committed to a... Be Prepared to Brief your Prototype Aluminum Casting Supplier able and willing do. Longer, at least right now launch a Pilot program to experiment with the legal of. Chief executive officer at Pilot Company is the 7th largest privately held Company in the LA than! To their public peers, but this year team members and giving back, visit www.pilotcompany.com gone out. Freight rail companies late last year have a significant effect on the launch Pilot! Filled blog posts, articles and publications whether encountering turbulent times or smooth,... You know, we have experimented with generation after generation of electronic publishing.... Top wealth creators will automatically shut down if it is not available year, Konar will Chief! # x27 ; list of Americas largest private American companies business and become a key member our. Ev Battery Plant be Prepared to Brief your Prototype Aluminum Casting Supplier driver shortages persist and availability. Become Chief executive officer at Pilot Flying J app to building a Plant in.. Management of technology, including the management of technology, HR, finance legal. The newspaper family created Turner-Yates Contract to Build EV Battery Plant: 865-544-0088 | F 865-544-1865... Of millions of truck miles just as driver shortages persist and truck availability is already tight to all of in... From the federal government opportunities change, right to change, right market than there will be as... 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