All rights reserved. If you use a windshield cover, you can at least forget about scrapping the ice off your windshield to save some time and hassle. In January, Parent will become a senior advisor to the CEO and the chairman, providing guidance on strategy and key priorities for the company. When buying cowboy boots, there are a few aspects to consider, such as how far up they go on your legs and their design. 2023 Forbes Media LLC. I mean, there's a lot of other partners I'm sure you could have gone with out there. We do not have any of the money secured at this point. Pilot Testifies on Behalf of NATSO for House Committee Hearing on Business Solutions to Climate Change. "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. We have spoken to both the DOT and the White House, and we are working with the various states to put in grant applications. Corn, soybeans bounce back after Tuesdays severe slump, Calf prices strengthen, cattle herd shrinking. 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. Pilot receives about 45% of the raw materials used to make DEF by UP rail. 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. And you know what's great putting them in Pilots? Konar will ease into the new role over the next six months. Shameek Konar will be the fourth CEO of Pilot Company. 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. 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. Renowned financier, Co-Founder of The Carlyle Group, and philanthropist David Rubenstein provides unparalleled access to the world's most successful investors. 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. Shameek possesses, I think, everything we look for or anybody would look for in a leader, Jimmy Haslam said. Pilot Company remains family owned and operated with Shameek Konar as CEO since 2021. It's good to talk to you today. The rest of Pilot's management team will stay in place. "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. But at this point, we have not secured government funding. He is currently chief strategy officer. Representing NATSO was Pilot Company CEO Shameek Konar. 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. In January, Parent will become senior advisor to the CEO and the chairman, providing guidance on strategy and key priorities for the company. in April it neededto ease traffic jams in the supply chain and would begin metering deliveries if customers didn't voluntarily reduce inventory. At Pilot Flying J, Shameek Konar has 24 colleagues including James Haslam (Chairman Emeritus), Jimmy Haslam (Chairman of the Board) Industry Colleagues. 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. SHAMEEK KONAR: No, all great questions, Brian. A prototype print can be complete with all the detailed specifications for the part yet fail to communicate a very critical piece of information. Shameek has successfully launched and grown our Pilot Energy business and become a key member of our leadership team. Six of the companies are still active while the remaining two are now listed as inactive. Bill Haslam will serve on the board. Shameek Konar offered this testimony to the Surface Transportation Board on April 27, 2022 - referring specifically to diesel exhaust fluid. 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. And what are you seeing in terms of customer flows? But a lot of what was expected coming from Build Back Better is no longer, at least right now. 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. He also led Mercuria's acquisition of the J.P. Morgan physical commodities platform last year. In Payments, Like Geopolitics, India Seeks a Third Way, Subaru, Nintendo Step Up for LGBTQ Workers in Conservative Japan, Visitors Flock to Macau Again, But Its Gambling Dependence Draws Beijings Ire, Gina Raimondo Becomes China Player in a Job Where Her Predecessor Used to Nap, UK Mothers Say It No Longer Makes Financial Sense to Work, Starbucks Illegally Fired 6 New York Union Activists, Judge Rules, Australia Prepares for a Power Grid Without Spinning Turbines, Vietnams VinFast Delivers First EVsto US Customers, Another Blow to City Centers: Retail Stores Move Outward, New York City Isnt Waiting for the White House to Enforce Fair Housing, Singapore Crypto Lender Hodlnaut's Founders Propose Selling Business Rather Than Liquidating Firm, Celsius Examiner Report Mentions FTX More Than 150 Times. The company supplies more than 14 billion gallons of fuel per year and also provides DEF, bio and renewables to the market. UPDATE 1-China's job market better than expected in Jan-Feb: minister, US approves selling Taiwan munitions worth $619 million, Japan's parliament to vote on BOJ nominees next week, Indonesia's stock market loses its sheen as China reopens, Asian Equities Swing Lower, Led by China Tech: Markets Wrap. Related by Industry: Convenience Stores & Gas Stations. Use Forbes logos and quotes in your marketing. All newer diesel vehicles also must have this technology, including pickups and cars. With that move . 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. Konar said the same approach will work with respect to EV charging infrastructure. 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. Find out the challenges and triumphs of leading an energy, data and hospitality-obsessed company that is striving to put the driver first. It reportedly paid $2.76 billion for a 38.6% share of Pilot in 2017. 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. Pilot Company is one of the leading suppliers of fuel and the largest operator of travel centers in North America. And we are going to size the number of chargers we put in these locations based on demand. Headquartered in Knoxville, Tennessee, Pilot Company is the 7th largest privately held company in the United States and employs 28,000 team members. 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. So our hope is not to change customer behavior. The One9 Fuel Network provides fleets and professional drivers with more places to stop at a variety of fueling locations. How much of that's actually been secured already? 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. 445 S. Gay Street, Suite 305Knoxville, Tennessee 37902P: 865-544-0088 | F: 865-544-1865. from 8 AM - 9 PM ET. More information on locations and amenities are available on the Pilot Flying J app. Informa Markets, a trading division of Informa PLC. The railroad company has asked that Pilot cut their rail shipments in half. "When joining the Pilot family, I was immediately drawn to the strong culture that Jimmy and the entire Haslam family created. The switch is already happening and will continue for the . And I think it helps us with EV adoption going forward. I'm curious how that has affected your business. SHAMEEK KONAR: Great questions. SHAMEEK KONAR: You know, EVgo's got a great leadership team that has been focused on trying to innovate in the charging space. The model wont work for every business and may only be viable for companies able to adapt to a new way of working. It allegedly presents an unacceptable cancer risk to the nearby community. "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. Konar will be the fourth CEO at the Tennessee-based company that operates 950 retail and fuel locations across North America, theKnoxville News Sentinelreported. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Copyright 2023 Nexstar Media Inc. All rights reserved. Pilot Company is one of the leading suppliers of fuel and the largest operator of travel centers in North America. You're going to stop to charge your car at the same location. 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. The privately held travel center giant announced Tuesday that Chief Strategy Officer Shameek Konar has been tapped to become the new CEO. Jimmy Haslams daughter, Whitney Haslam Johnson, will continue to be chief experience officer and a member of the board, and former Tennessee Gov. There's about-- there are four of them, which are kind of the larger ChargePoint providers. 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 transition of Konar to the role of CEO will continue over the next six months. The company is moving closer to closing the factory. Effective immediately, Konar will take on additional responsibilities, including the management of technology, HR, finance and legal. Moreover, Konar predicts that diesel prices, already above $6 per gallon is many places, would go even higher. The transition of Konar to the role of CEO will take place over the next six months. Headquartered in Knoxville, Tennessee, Pilot Company is the 10th largest privately held company in the United States and employs 28,000 team members. 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. For additional photo and video assets, please visit this link. 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. 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. Jim Haslam founded the company in 1958 and his son, Jimmy Haslam, is currently. He has a degree in Economics and Mathematics from St. Stephens College in India and a PhD in Economics and Finance from Vanderbilt University. But over time, we fully feel like this will be a great new set of customers who are going to come to our locations. Pilot Company is currently ranked No. The cutbacks to DEF production would be catastrophic. 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. 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. The transition will take place over the rest of 2020, with leadership roles shifting on Jan. 1. For all alerts and more info please 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. Shameek Konar, Pilot Corp: Profile and Biography - Bloomberg Markets Subscribe Live Now Bloomberg TV+ Bloomberg Surveillance: Early Edition Bloomberg Surveillance: Early Edition with Anna. Taking the steps to overcome the shortage of skilled cybersecurity personnel is critical for any organization operating in the technology environment. So I think people are being way more cautious about the amount of money they're spending, and it is impacting our sales. GM Making Some Performance-Related Job Cuts. 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 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. All rights reserved. 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. Biden to Nominate Julie Su as Next U.S. Labor Secretary. Because there aren't enough EVs out in the market at this point in time. 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. Pilot Flying J is part of the Convenience Stores, Gas Stations & Liquor Stores industry, and located in Tennessee, United States. All rights reserved. Check Background Get Contact Info This Is Me - Edit. When typing in this field, a list of search results will appear and be automatically updated as you type. Representing NATSO was Pilot Company CEO Shameek Konar. The company supplies more than 14 billion gallons of fuel per year and also provides DEF, bio and renewables to the market. Konar also urged the committee to improve policies that incentivize liquid renewable fuels such as biodiesel, renewable diesel and ethanol. 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. Much of Konar's testimony, and questions from the panel, centered on the availability of diesel exhaust fluid, or DEF. We need to keep that in mind. But we would require, or we would benefit from government funding, because like I said, the economics will be difficult in the beginning. So the first part, in terms of how much it's going to cost-- we've kind of stuck to the goal of reducing range anxiety. The companies were formed over a twenty year period with the most recent being incorporated one year ago in May of 2021. 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. His journalistic experience includes local daily and weekly newspapers, where he was recognized early in his career as an award-winning news photographer. The fluid reduces nitrous oxide emissions in diesel vehicles. 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. For one company, it was an opportunity to transform the way clinical trials are conducted, without sacrificing scientific rigor. It will only help the adoption of EVs. He has a degree in Economics and Mathematics from St. Stephens College in India and a PhD in Economics and Finance from Vanderbilt University. By providing your email, you agree to our. 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. For terms and use, please refer to our Terms and Conditions In January, Parent will become senior advisor to the CEO and the chairman, providing guidance on strategy and key priorities for the company. In 2021 and beyond, the Haslam family will continue to be involved. 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. And a Car. And the FAA is playing it cool. 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. It brings a new kind of class of customer to our locations. When joining the Pilot family, I was immediately drawn to the strong culture that Jimmy and the entire Haslam family created. Both Haslams will remain active in the company and on the board. Media Contacts: Edelman Mike Geller +1 (212) 729-2163 [emailprotected], SOURCE Castleton Commodities International LLC, Cision Distribution 888-776-0942 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. "OF the 300 million gallons of DEF that Pilot supplies to the industry every year, 74% is moved by rail," Konar said. Mr. Konar also served in a variety of senior roles at Constellation Energy, including Senior Vice President of Corporate Strategy and Development, where he led the firm's M&A efforts and was a member of the Executive Management Committee. Chatbots that arent tested and trained continuously are destined for failure, and customers will be the ones to suffer from chatbot incompetence. 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. 1998 - 2023 Nexstar Media Inc. | All Rights Reserved. So for example, EVgo's got a great lab, where they test out a number of different chargers, and try to improve the product. 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. 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. "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.". Fitchette is US Army veteran and a graduate of California State University, Chico. Visit Pilot Company Listen to more FreightWaves Podcasts Subscribe on Apple Podcasts When you go on a road trip or across the country, you don't change your behavior. SHAMEEK KONAR: No, that's a great question. The magnitude of these effects varies across industries, with larger losses accruing to the traditionally polluting industries. This is a pretty big project here. 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're hiring experienced account executives. More and more companies are moving to a four-day workweek. Konar has more than 20 years of experience in the energy and commodity market, specializing in acquisition and operations of energy assets. 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. Shameek Konar is about take an unprecedented step at Pilot Company as he assumes the role of CEO in January. Todays Wordle #621 Hint, Clues And Answer For Thursday, March 2nd, Delta Pilots Ratify Contract With Massive 34% Salary Hike, Why Overcoming The Cybersecurity Labor Shortage Matters To Company Success, The 7 Biggest Mistakes Growing Companies Make With Their Retail Strategy, Digital Healthcare Company Speeds Development And Delivery Of New Drugs, Klarna Is Not A Buy Now, Pay Later (BNPL) Company, Inside The Company That Uses Robots To Deal With Cat Poop, The Bot-Pocalypse Is Coming: How Companies Can Prepare, Three Leadership Lessons You Learn From Piloting Planes, 6 Ways To Maintain Healthy Company Culture, Netherlands To Kick Off Legal Cannabis Sale Pilot Program, No Pilot, No Problem? 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. Pilot Company is currently ranked No. The Haslams weren't charged with wrongdoing. CEO Jimmy Haslam will transition to the fuel company's chairman of the board role beginning Jan. 1. Private companies dont always get the attention they deserve compared to their public peers, but this year was different. Chief Strategy Officer Shameek Konar will become the fourth CEO of Pilot, ranked No. We have full confidence that Shameek will continue to grow the legacy of our familys business.. 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. 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. In the Retail industry, Shameek Konar has 39,668 colleagues in 2,616 companies located in 86 countries. 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. I imagine a lot of EV drivers might want to stop by your locations. The rest of Pilots leadership team will remain in place. 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%. Taking into account various assets, Shameek's net worth is greater than $499,999; and makes between $150 - 174,999 a year. The One9 Fuel Network provides fleets and professional drivers with more places to stop at a variety of fueling locations. The fuel company & # x27 ; s chairman of the Carlyle Group, and will. Philanthropist David Rubenstein provides unparalleled access to the strong culture that Jimmy and the largest operator of centers. 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