in April it neededto ease traffic jams in the supply chain and would begin metering deliveries if customers didn't voluntarily reduce inventory. Pilot Company remains family owned and operated with Shameek Konar as CEO since 2021. Taking the steps to overcome the shortage of skilled cybersecurity personnel is critical for any organization operating in the technology environment. The changes come about two years after former company presidentMark Hazelwoodand five others were convicted of various charges in a plot to cheat trucking companies out of millions of dollars. 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Shameek Konar Overview. And you know what's great putting them in Pilots? You'll have a number of other amenities, from showers to clean restrooms to merchandise. Related by Industry: Convenience Stores & Gas Stations. 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. Heres How Soon Self-Flying Planes Will Take Off. 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 10 years ago biodiesel and biofuels were not [economically viable] and available in the market and our customers didnt want it, Konar said. 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. The real estate team will continue to report to Jimmy Haslam and the store operations and development teams will continue to report to Ken Parent, company president. Taking into account various assets, Shameek's net worth is greater than $499,999; and makes between $150 - 174,999 a year. Shameek possesses, I think, everything we look for or anybody would look for in a leader, Jimmy Haslam said. 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. 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. Pilot Companys energy division supplies fuel, DEF, bio and renewables and provides hauling and disposal services as the third largest tanker fleet in North America. Konar, 50, has been at Pilot since 2017 and said he plans to continue with a growth mindset. 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. To your second question, you know, I think in the beginning, it's going to be difficult for us to make money on this. 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. 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. Konar says a big rig will take on about seven gallons of DEF at every diesel fill-up. 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. 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. 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. Meanwhile, the number of U.S. oil refineries has fallen from 301 in 1982, to 124 in 2021 and more are being shuttered as we speak. And definitely, we're still way below 2019 levels, both at Pilots and across the country. 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. 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. So they're a forward-thinking company that is trying to solve this problem. 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. Konar will ease into the new role over the next six months. When joining the Pilot family, I was immediately drawn to the strong culture that Jimmy and the entire Haslam family created. Find out the challenges and triumphs of leading an energy, data and hospitality-obsessed company that is striving to put the driver first. Farm Progress is part of the Informa Markets Division of Informa PLC. Jul 22, 2020. And I ask, because obviously, there was some money set aside in the infrastructure bill. 10 on Forbes' list of America's Largest Private Companies. "OF the 300 million gallons of DEF that Pilot supplies to the industry every year, 74% is moved by rail," Konar said. 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. 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 also urged the committee to improve policies that incentivize liquid renewable fuels such as biodiesel, renewable diesel and ethanol. Pilot Company, headquartered in Knoxville, is ranked No. 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. Consumers see it every time they fill up their car and purchase groceries. This item is part of a JSTOR Collection. Pilot Company is one of the leading suppliers of fuel and the largest operator of travel centers in North America. The aircraft are already here. 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. Konar will be the fourth CEO at the Tennessee-based company that operates 950 retail and fuel locations across North America, theKnoxville News Sentinelreported. 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. Konar cautioned that policies which allow electric vehicle charging stations at rest areas or permit utility companies to increase rates to all ratepayers to offset their consumer-facing EV charging station investments will discourage the private sector from investing in electric vehicle charging. Hes very smart, great work ethic, a very humble man, and I think understands people very well. KNOXVILLE, Tenn. (WATE) Someone not named Haslam will be the chief executive officer of the Pilot Company beginning in January. We have spoken to both the DOT and the White House, and we are working with the various states to put in grant applications. The transition will take place over the rest of 2020, with leadership roles shifting on Jan. 1. 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. 2023 Industrial Media, LLC. Shameek has successfully launched and grown our Pilot Energy business and become a key member of our leadership team. 2023 Forbes Media LLC. Chatbots that arent tested and trained continuously are destined for failure, and customers will be the ones to suffer from chatbot incompetence. And we are going to size the number of chargers we put in these locations based on demand. 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. Headquartered in Knoxville, Tennessee, Pilot Company is the 10th largest privately held company in the United States and employs 28,000 team members. The company supplies more than 14 billion gallons of fuel per year and also provides DEF, bio and renewables to the market. Use Forbes logos and quotes in your marketing. If you dont innovate, you die, Konar told the newspaper. 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. Cision Distribution 888-776-0942 The fluid reduces nitrous oxide emissions in diesel vehicles. In January, Parent will become senior advisor to the CEO and the chairman, providing guidance on strategy and key priorities for the company. Talk to me about how this partnership came about. 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. But over time, we fully feel like this will be a great new set of customers who are going to come to our locations. We have full confidence that Shameek will continue to grow the legacy of our familys business.. 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. Jim Haslam founded the company in 1958 and his son, Jimmy Haslam, is currently Chairman after 25 years serving as CEO. And that means higher airfares are coming. The magnitude of these effects varies across industries, with larger losses accruing to the traditionally polluting industries. The companies were formed over a twenty year period with the most recent being incorporated one year ago in May of 2021. 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. This is a pretty big project here. "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.". Tesla Wants $330M in Additional Nevada Tax Breaks. Request Permissions. In 2021 and beyond, the Haslam family will continue to be involved. But it's too early to write off Klarna. We're hiring experienced account executives. Shameek Konar offered this testimony to the Surface Transportation Board on April 27, 2022 - referring specifically to diesel exhaust fluid. The Review of Economics and Statistics 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. Moxley Carmichael. And I think it helps us with EV adoption going forward. The rest of Pilots management team will stay in place. 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. The average "intangible liability" for firms in our sample is $380 million-approximately 9% of the replacement value of tangible assets. 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. It's good to talk to you today. Konar will take on additional responsibilities immediately, including the management of technology, HR, finance and legal. The lithium-ion battery manufacturing facility will add capacity to the EV battery supply chain. The company supplies more than 14 billion gallons of fuel per year and also provides DEF, bio and renewables to the market. He also led Mercuria's acquisition of the J.P. Morgan physical commodities platform last year. Fitchette is US Army veteran and a graduate of California State University, Chico. 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. Jimmy Haslams daughter, Whitney Haslam Johnson, will continue to be chief experience officer and a member of the board, and former Tennessee Gov. It's a step forward in an effort to satisfy a vast demand for lithium for electric vehicle batteries. Pilot has a compelling growth strategy in place and a bright future ahead. Su was central to negotiations between labor and freight rail companies late last year. A railway's request would cut tens of millions of truck miles just as driver shortages persist and truck availability is already tight. I imagine a lot of EV drivers might want to stop by your locations. Headquartered in Knoxville, Tennessee, Pilot Company is the 7th largest privately held company in the United States and employs 28,000 team members. "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. This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. With that move, current CEO Jimmy Haslam, son of founder James (Jim) Haslam, will become chairman of the board. Why specifically that company? 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. As markets change, and as opportunities change, we have to change, right? Photoacoustic imaging equipment on wheels is helping to advance groundbreaking medical research. More information on locations and amenities are available on the Pilot Flying J app. Jim Haslam founded the company in 1958 and his son, Jimmy Haslam, is currently Chairman after 25 years serving as CEO. BRIAN CHEUNG: Shameek, it's Brian Cheung here. 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. But our transaction is not contingent on government funding. Parent has helped the company achieve significant growth through the development of successful systems and processes, as well as building an outstanding leadership team. Media Contacts: Edelman Mike Geller +1 (212) 729-2163 [emailprotected], SOURCE Castleton Commodities International LLC, Cision Distribution 888-776-0942 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. Copyright 2023. Because there aren't enough EVs out in the market at this point in time. For one company, it was an opportunity to transform the way clinical trials are conducted, without sacrificing scientific rigor. Konar asked the committee to consider the EV charging experience for customers as they transition to electric vehicles. Headquartered in Knoxville, Tennessee, Pilot Company is the 10th largest privately held company in the United States and employs 28,000 team members. 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. Trucks fill up at a truck stop in Northern California. Here are some ideas. 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. The National Read Across America Day takes place every year on March 2, Geisels birthday. Diesel-powered tractors also require DEF. All rights reserved. I'm curious how that has affected your business. 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. 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. Bill Haslam will serve on the board. Private companies dont always get the attention they deserve compared to their public peers, but this year was different. For additional information about Pilot Company and its commitment to team members and giving back, visit www.pilotcompany.com. 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SHAMEEK KONAR: No, all great questions, Brian. Chief Strategy Officer Shameek Konar will become the fourth CEO of Pilot, ranked No. This is untenable for trucking and the U.S. economy. He has tapped Chief Strategy Officer Shameek Konar, 50, to be Pilot's fourth CEO. You're going to stop to charge your car at the same location. Pilot Testifies on Behalf of NATSO for House Committee Hearing on Business Solutions to Climate Change. We conclude that legally emitted toxic chemicals have a significant effect on the intangible asset value of publicly traded companies. We have seen gas demand definitely retreat from 2021 levels. Musks TeslaMaster Plan Lacks Drive. 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. Shameek Konar will be the fourth CEO of Pilot Company. The cutbacks to DEF production would be catastrophic. Much of Konar's testimony, and questions from the panel, centered on the availability of diesel exhaust fluid, or DEF. So our hope is not to change customer behavior. visit: We will never sell your personal information, House Transportation and Infrastructure Committee, Kodiak To Showcase Autonomous Truck at 2023 NATSO Connect in Dallas, EPA Misses Significant Opportunity to Encourage EV Charging Station Investment, FMCSA COVID-19 HOS Emergency Declaration Expires. 10 on Forbes list of Americas Largest Private Companies. 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. There's about-- there are four of them, which are kind of the larger ChargePoint providers. And based on our conversations, and based on where EVgo is in its kind of phase of growth, we thought they were the right partner for us. Shameek Konar has been working as a Chief Executive Officer at Pilot Flying J for 6 years. He has a degree in Economics and Mathematics from St. Stephens College in India and a PhD in Economics and Finance from Vanderbilt University. Besides, GM also has another partnership with EVgo, where EVgo and GM work together, so there is familiarity with EVgo. Why do you want to take on these costs? 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. 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. Representing NATSO was Pilot Company CEO Shameek Konar. How is that distributed among the partners here? 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. How much of that's actually been secured already? When you go on a road trip or across the country, you don't change your behavior. 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. He says the company has committed to building a plant in Monterrey. Panasonic Awards Turner-Yates Contract to Build EV Battery Plant. In January, Parent will become senior advisor to the CEO and the chairman, providing guidance on strategy and key priorities for the company. Bloomberg Law speaks with prominent attorneys and legal scholars, analyzing major legal issues and cases in the news. Subscribe to receive top agriculture news, Be informed daily with these free e-newsletters. Certainly a lot of excitement when that announcement first came down. Konar is currently Pilot's chief strategy officer. James (Jim) Haslam, who started the company in 1968 as single gas station, will remain involved in the company as well as chairman emeritus. AKIKO FUJITA: Yeah, Pilot's certainly a very familiar sight for those who are out on road trips. When joining the Pilot family, I was immediately drawn to the strong culture that Jimmy and the entire Haslam family created. Reporters from Bloomberg's Washington, D.C. bureau are prominently featured as they offer analysis of policy and legal issues. He has a degree in Economics and Mathematics from St. Stephens College in India and a PhD in Economics and Finance from Vanderbilt University. In 2021 and beyond, the Haslam family will continue to be involved. Effective immediately, Konar will take on additional responsibilities, including the management of technology, HR, finance and legal. 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 . 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 biggest impediment to the adoption of electric vehicles remains the lack of a nationwide network of fueling stations, Konar said. More than 14 billion gallons of fuel per year and also provides DEF, bio and renewables to the battery! Since 2017 and said he plans to continue with a growth mindset has committed to a. 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