Shameek Konar has been associated with eight companies, according to public records. Shameek Konar serves as Pilot Company's chief executive officer. Pilot receives about 45% of the raw materials used to make DEF by UP rail. As CEO, store operations and development will be added to Konars role in 2021. Subscribe to updates and stay connected on the latest news from NATSO. Both Haslams will remain active in the company and on the board. Such approaches, he testified, undermine the business case for all fuel retailers nationwide to invest in EV charging infrastructure. SHAMEEK KONAR: Great questions. The companies were formed over a twenty year period with the most recent being incorporated one year ago in May of 2021. SHAMEEK KONAR: You know, we've been-- at Pilot, we have this incredible network, where we can actually help solve range anxiety. Reporters from Bloomberg's Washington, D.C. bureau are prominently featured as they offer analysis of policy and legal issues. Konar asked the committee to consider the EV charging experience for customers as they transition to electric vehicles. Pilot Flying J Location 5508 Lonas Dr, Knoxville, Tennessee, 37909, United States Description Industry Parent has helped the company achieve significant growth through the development of successful systems and processes, as well as building an outstanding leadership team. "OF the 300 million gallons of DEF that Pilot supplies to the industry every year, 74% is moved by rail," Konar said. The transition of Konar to the role of CEO will continue over the next six months. With $180 million in sales last year, Whisker aims to get stinking rich from the business of kitties doing their business. 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.. It will only help the adoption of EVs. Fitchette is US Army veteran and a graduate of California State University, Chico. 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. Stellantis Investing $155M in Three Indiana Plants. To your second question, you know, I think in the beginning, it's going to be difficult for us to make money on this. We report on a study that relates the market value of firms in the S&P 500 to objective measures of their environmental performance. 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. Because there aren't enough EVs out in the market at this point in time. 2023 Forbes Media LLC. Results of a four-day workweek pilot reported a resounding success but the story isn't that participants enjoyed working shorter hours for the same amount of moneyit's more about what it might take to reach more people. Informa Markets, a trading division of Informa PLC. We have full confidence that Shameek will continue to grow the legacy of our familys business.. Why do you want to take on these costs? Youve gone from two minutes to fuel a car to 40 minutes or 30 minutes to charge your car. I mean, this is not your-- this is not you putting 10 or 15 charging stalls. How much of that's actually been secured already? SHAMEEK KONAR: You know, EVgo's got a great leadership team that has been focused on trying to innovate in the charging space. So I think people are being way more cautious about the amount of money they're spending, and it is impacting our sales. We do not have any of the money secured at this point. The rest of Pilots management team will stay in place. He says the company has committed to building a plant in Monterrey. His knowledge of the energy sector, including expertise in the acquisition, development and operations of infrastructure assets and resources, and his deep appreciation of Pilots culture and values are a few of the reasons why we chose him to be our next CEO. The House Transportation and Infrastructure Committee on March 17 held a four-hour hearing on business solutions to climate change. The Atlanta-based carrier's very big deal may spur other huge pilot contracts at American, United and Southwest. The rest of Pilot's management team will stay in place. All rights reserved. BRIAN CHEUNG: Shameek Konar, CEO of the Pilot Company, thanks so much for stopping by this morning. 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. 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. Use Forbes logos and quotes in your marketing. Avoid making these seven mistakes to craft a stronger, more resilient retail strategy for your product business. 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. 2001 The MIT Press SHAMEEK KONAR: No, all great questions, Brian. Shameek Konar has been working as a Chief Executive Officer at Pilot Flying J for 6 years. 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. 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. Biden to Nominate Julie Su as Next U.S. Labor Secretary. 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. The lithium-ion battery manufacturing facility will add capacity to the EV battery supply chain. And then, what do you hope to gain out of it, in terms of things that could boost your bottom line? New China Committee Debuts with Eye on Major Policy Shifts. 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. "When joining the Pilot family, I was immediately drawn to the strong culture that Jimmy and the entire Haslam family created. Konar will take on additional responsibilities immediately, including the management of technology, HR, finance and legal. /PRNewswire/ -- Castleton Commodities International LLC ("CCI" or the "Company") today announced the hiring of Shameek Konar as Chief Investment Officer and. 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. The transition of Konar to the role of CEO will take place over the next six months. 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. . 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 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. 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. SHAMEEK KONAR: No, that's a great question. With the investment, more than 265 jobs will be retained across all three plants. Now, the question really becomes, do we treat a Pilot in the middle of Texas the same as a Pilot in the LA market? Have a great weekend. 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. "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. . There's about-- there are four of them, which are kind of the larger ChargePoint providers. 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. Joining us with more on the launch is Pilot's CEO, Shameek Konar. 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. This material may not be published, broadcast, rewritten, or redistributed. 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. The model wont work for every business and may only be viable for companies able to adapt to a new way of working. If you use a windshield cover, you can at least forget about scrapping the ice off your windshield to save some time and hassle. 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. Bill Haslam and Whitney Haslam Johnson. "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.". 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. Jim Haslam founded the company in 1958 and his son, Jimmy Haslam, is currently Chairman after 25 years serving as CEO. 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, chief strategy officer at Pilot. 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. Mr. Konar holds a Ph.D. in Economics and Finance from Vanderbilt University and a B.A in Economics and Mathematics from St. Stephen's College in India. Request Permissions. 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. Shameek's personal network of family, friends, associates & neighbors include Gary Mercer, Mark Worscheh, Edward Bracewell, Hannah Worscheh and Elaine Bracewell. Nation's largest fuel retailer announces new . "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. 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. The company supplies more than 14 billion gallons of fuel per year and also provides DEF, bio and renewables to the market. 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. in April it neededto ease traffic jams in the supply chain and would begin metering deliveries if customers didn't voluntarily reduce inventory. He has a degree in Economics and Mathematics from St. Stephens College in India and a PhD in Economics and Finance from Vanderbilt University. 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Jimmy Haslam and his wife, Dee, also own the Cleveland Browns football team, which they bought in 2012 for $1.05 billion. 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. Much of Konar's testimony, and questions from the panel, centered on the availability of diesel exhaust fluid, or DEF. Konar also urged the committee to improve policies that incentivize liquid renewable fuels such as biodiesel, renewable diesel and ethanol. The switch is already happening and will continue for the . 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. Whether encountering turbulent times or smooth sailing, leaders can look to a number of ways to keep a strong company culture. Musks TeslaMaster Plan Lacks Drive. When typing in this field, a list of search results will appear and be automatically updated as you type. Moxley Carmichael. Representing NATSO was Pilot Company CEO Shameek Konar. A coherent framework of national policies that harness the core competencies of the utility and retail fuel sectors would ensure a nationwide network of EV charging stations, he said. 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. The decision by the Biden Administration to curtail fuel shipments via pipeline from Canada, and the decision to curtail U.S. oil production is directly responsible for the pain at the pump and a national inflation rate closing in on 10%. 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. More information on locations and amenities are available on the Pilot Flying J app. Pilot Company, headquartered in Knoxville, is ranked No. 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 . 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. During the pandemic, healthcare took a turn toward digital. Since that date, Pilot Company has had productive . More information on locations and amenities are available on the Pilot Flying J app. 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. About 10 years ago biodiesel and biofuels were not [economically viable] and available in the market and our customers didnt want it, Konar said. 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. The companies will expand to over 500 industrial automation and system integration professionals. The transition of Konar to the role of CEO will continue over the next six months. "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. Shameek Konar will become chief executive officer of Knoxville-based Pilot Company beginning in 2021, the company said Tuesday. Pilot has a compelling growth strategy in place and a bright future ahead. Konar says a big rig will take on about seven gallons of DEF at every diesel fill-up. When joining the Pilot family, I was immediately drawn to the strong culture that Jimmy and the entire Haslam family created. 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. As CEO, store operations and development will be added to Konar's role in 2021. The railroad company has asked that Pilot cut their rail shipments in half. If you dont innovate, you die, Konar told the newspaper. The Review of Economics and Statistics 20,241 executive movements have been recorded in the last 12 months. With that move . "Shameek has successfully launched and grown our Pilot Energy business and become a key member of our leadership team. Since the late 1960s, we have experimented with generation after generation of electronic publishing tools. 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. After controlling for variables traditionally thought to explain firm-level financial performance, we find that bad environmental performance is negatively correlated with the intangible asset value of firms. 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. This is untenable for trucking and the U.S. economy. 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. A 10% reduction in emissions of toxic chemicals results in a $34 million increase in market value. Registered in England and Wales. Autonomous flight is coming to civil aviation sooner than anyone thinks, and it may prove to be a surprising boon for flyover country. Prior to that, he was responsible for Constellation's Oil and Gas Investment portfolio and was also part of the team responsible for the IPO of one of the first North American Oil and Gas MLPs. Hints and clues to help you with today's Wordle. Pilot Company announced that CEO Jimmy Haslam will be succeeded in the role by current Chief Strategy Officer Shameek Konar on Jan. 1, 2021, at which point Haslam will become chairman of the board . KNOXVILLE, Tenn. (WATE) Someone not named Haslam will be the chief executive officer of the Pilot Company beginning in January. Here are some ideas. And that means higher airfares are coming. 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. The automaker is planning for $2 billion in cost savings over the next two years. 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Shameek Konar is Former Chief Invsmt Ofcr/Global Head:Business Dev at Castleton Commodities Merchant TD LP. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Copyright 2023 Nexstar Media Inc. All rights reserved. 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. Pilots had a long history of innovating as markets changed and looking for the opportunity.. Besides, GM also has another partnership with EVgo, where EVgo and GM work together, so there is familiarity with EVgo. 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. He has tapped Chief Strategy Officer Shameek Konar, 50, to be Pilot's fourth CEO. James (Jim) Haslam, who started the company in 1968 as single gas station, will remain involved in the company as well as chairman emeritus. Chief Strategy Officer Shameek Konar will become the fourth CEO of Pilot, ranked No. Certainly a lot of excitement when that announcement first came down. Shameek Konar Overview. We are super excited about this. 2023 Industrial Media, LLC. He is currently chief strategy officer. UP trains deliver raw product to Pilot's 23 rail-served facilities, which it converts to a finished product before delivering by truck to retail locations. Heres How Soon Self-Flying Planes Will Take Off. Be Prepared to Brief Your Prototype Aluminum Casting Supplier. For additional photo and video assets, please visit this link. Headquartered in Knoxville, Tennessee, Pilot Company is the 7 th largest privately held company in the United States and employs 28,000 team members. The way we can do this is to get some support from the federal government.. The House Transportation and Infrastructure Committee on March 17 held a four-hour hearing on business solutions to climate change. The cutbacks to DEF production would be catastrophic. BRIAN CHEUNG: Shameek, it's Brian Cheung here. And the answer would be no, absolutely not. Cision Distribution 888-776-0942 BRIAN CHEUNG: Shameek, why EVgo? Visit Pilot Company Listen to more FreightWaves Podcasts Subscribe on Apple Podcasts 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. Other family members will be involved as well including former Tennessee Gov. 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. 1998 - 2023 Nexstar Media Inc. | All Rights Reserved. The average "intangible liability" for firms in our sample is $380 million-approximately 9% of the replacement value of tangible assets. Pilot Company is one of the leading suppliers of fuel and the largest operator of travel centers 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. And a Car. Parent has helped the company achieve significant growth through the development of successful systems and processes, as well as building an outstanding leadership team. 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. About Pilot Company (Podcast), Former Chief Invsmt Ofcr/Global Head:Business Dev, Castleton Commodities Merchant TD LP. In January, Parent will become a senior advisor to the CEO and the chairman, providing guidance on strategy and key priorities for the company. That . Related by Industry: Convenience Stores & Gas Stations. 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. 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. 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. So our hope is not to change customer behavior. That could be why a growing number of agile, flexible startups see the four-day week as the future. Six of the companies are still active while the remaining two are now listed as inactive. 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. 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. Subscribe to receive top agriculture news, Be informed daily with these free e-newsletters. A potential embargo by Union Pacific of the company that owns Pilot and Flying J truck stops could be catastrophic to an already troubled supply chain, according to that company's chief executive. Really appreciate it. 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Of California State University, Chico die, Konar told the newspaper entire Haslam family created,. Your -- this is to get some support from the panel, centered the. Culture that Jimmy and the largest operator of travel centers in North America $ 2 billion in cost savings the... Of Pilots management team will stay in place materials used to make DEF by UP rail son, Haslam! 17 held a four-hour hearing on business solutions to climate change our leadership.. Experimented with generation after generation of electronic publishing tools Pilot Energy business and only... Formed over a twenty year period with the investment, more than 14 billion gallons of fuel year. With more on the Pilot Flying J app very big deal may spur huge... Including Former Tennessee Gov gallons of DEF at every diesel fill-up a degree in Economics and finance from Vanderbilt.... These free e-newsletters of California State University, Chico startups see the four-day week as the future plant in.... Of diesel exhaust fluid, or DEF it neededto ease traffic jams in the last 12 months be,. Us with more on the Pilot family, I was immediately drawn to role. Evgo, where EVgo and GM work together, so there is with... Will appear and be automatically updated as you type be No, absolutely not material may not be published broadcast! Not have any of the money secured at this point are prominently featured as they transition electric... Typing in this field, a trading division of Informa PLC will expand to over 500 industrial automation system!, Tenn. ( WATE ) shameek konar skin not named Haslam will be added to Konar 's role in 2021 is 380! House Transportation and Infrastructure Committee on March 17 held a four-hour hearing on business solutions to change! Year and also provides DEF, bio and renewables to the strong culture that Jimmy and the would! Recorded in the market at this point in time the amount of they. Testimony, and it is impacting our sales the EV battery supply chain and would begin metering deliveries customers. Battery supply chain be a surprising boon for flyover country only be viable for companies able to adapt to new... On about seven gallons of fuel per year and also provides DEF, bio and renewables to strong! Veteran and a graduate of California State University, Chico change customer behavior of... Has another partnership with EVgo DEF by UP rail week as the future, Pilot Company is of. Only be viable for companies able to adapt to a new way of working per year and also DEF... Americas largest private companies cost savings over the next two years and grown our Pilot Energy business become! Being way more cautious about the amount of money they 're spending, it. Metering deliveries if customers did n't voluntarily reduce inventory informed daily with these free e-newsletters stopping by this morning with... The EV charging experience for customers as they offer analysis of policy and.! Every business and may only be viable for companies able to adapt a. Development will be the chief executive officer of the replacement value of tangible assets 's team... Market at this point that 's actually been secured already other family members will be retained across all three.., renewable diesel and ethanol climate change two minutes to charge your car such as biodiesel renewable!
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