Reporters from Bloomberg's Washington, D.C. bureau are prominently featured as they offer analysis of policy and legal issues. Our readers have come to expect excellence from our products, and they can count on us to maintain a commitment to producing rigorous and innovative information products in whatever forms the future of publishing may bring. 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. Jimmy Haslams daughter, Whitney Haslam Johnson, will continue to be chief experience officer and a member of the board, and 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. About Pilot Company BRIAN CHEUNG: Shameek Konar, CEO of the Pilot Company, thanks so much for stopping by this morning. 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. Shameek Konar, the CEO of Pilot Flying J truck stops and gas stations, explained during a hearing that on April 13, Pilot Flying J was informed by Union Pacific Railways (UP) that the company was "required to reduce shipments by 26 percent." It's good to talk to you today. We report on a study that relates the market value of firms in the S&P 500 to objective measures of their environmental performance. In 2021 and beyond, the Haslam family will continue to be involved. , spent much of his journalism career covering agriculture in California and the western United States. Whether encountering turbulent times or smooth sailing, leaders can look to a number of ways to keep a strong company culture. 10 on Forbes list of Americas largest private companies. In the Retail industry, Shameek Konar has 39,668 colleagues in 2,616 companies located in 86 countries. 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. 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. The transition of Konar to the role of CEO will take place over the next six months. 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. Farm Progress is part of the Informa Markets Division of Informa PLC. The Press's enthusiasm for innovation is reflected in our continuing exploration of this frontier. The House Transportation and Infrastructure Committee on March 17 held a four-hour hearing on business solutions to climate change. But over time, we fully feel like this will be a great new set of customers who are going to come to our locations. Talk to me about how this partnership came about. We have full confidence that Shameek will continue to grow the legacy of our family's business.". And we are going to size the number of chargers we put in these locations based on demand. His journalistic experience includes local daily and weekly newspapers, where he was recognized early in his career as an award-winning news photographer. We have spoken to both the DOT and the White House, and we are working with the various states to put in grant applications. 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. 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. Cision Distribution 888-776-0942 445 S. Gay Street, Suite 305Knoxville, Tennessee 37902P: 865-544-0088 | F: 865-544-1865. 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. This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. 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. 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. 10 on Forbes' list of America's Largest Private Companies. For additional photo and video assets, please visit this link. Why specifically that company? The railroad company has asked that Pilot cut their rail shipments in half. Panasonic Awards Turner-Yates Contract to Build EV Battery Plant. 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. Effective immediately, Konar will take on additional responsibilities, including the management of technology, HR, finance and legal. So for example, EVgo's got a great lab, where they test out a number of different chargers, and try to improve the product. And that means higher airfares are coming. Pilot unions are preparing for battle. 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. By providing your email, you agree to our. I mean, this is not your-- this is not you putting 10 or 15 charging stalls. Konar joined Pilot in 2017 to grow its energy business. 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. He says the company has committed to building a plant in Monterrey. Pilot Company is one of the leading suppliers of fuel and the largest operator of travel centers in North America. That urea-based liquid is required in all diesel engines manufactured after 2010. It reportedly paid $2.76 billion for a 38.6% share of Pilot in 2017. Shameek Konar Chief Executive Officer Shameek Konar serves as Pilot Company's chief executive officer. When joining the Pilot family, I was immediately drawn to the strong culture that Jimmy and the entire Haslam family created. As markets change, and as opportunities change, we have to change, right? 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 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. For additional photo and video assets, please visit this link. 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. And the FAA is playing it cool. 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. Learn more about . As CEO, store operations and development will be added to Konars role in 2021. 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. Chatbots that arent tested and trained continuously are destined for failure, and customers will be the ones to suffer from chatbot incompetence. 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. All Rights Reserved. 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. Earlier in his career, he was a senior energy market consultant at Accenture, PA Consulting and Putnam, Hayes & Bartlett. Piloting planes has never been an easy job, and leading a company has not been either. Pilot Flying J is part of the Convenience Stores, Gas Stations & Liquor Stores industry, and located in Tennessee, United States. And you'll have food. Headquartered in Knoxville, Tennessee, Pilot Company is the 7 th largest privately held company in the United States and employs 28,000 team members. Because there will be much more demand in the LA market than there will be in Texas. Everyday Robots took a fairly novel approach to building an army of cleaning robots. Number 8860726. Konar is currently Pilots chief strategy officer. He did not push for an increase in truck weight limits. Have a great weekend. Shameek Konar Chief Executive Officer Shameek Konar serves as Pilot Company's chief executive officer. Konar will take on additional responsibilities immediately, including the management of technology, HR, finance and legal. 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. Both Haslams will remain active in the company and on the board. Tesla Wants $330M in Additional Nevada Tax Breaks. You're going to stop to charge your car at the same location. 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. As CEO, store operations and development will be added to Konars role in 2021. 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. 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The fluid reduces nitrous oxide emissions in diesel vehicles. Since day one with Pilot in 2017, Shameek has shown his dedication to advancing our company and the industry, Jimmy Haslam said in a company news release. Other family members will be involved as well including former Tennessee Gov. AKIKO FUJITA: Shameek, let's talk about the bulk of your current business. You stop to fill gas. Shameek Konar has been working as a Chief Executive Officer at Pilot Flying J for 6 years. With the investment, more than 265 jobs will be retained across all three plants. A prototype print can be complete with all the detailed specifications for the part yet fail to communicate a very critical piece of information. 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. But we would require, or we would benefit from government funding, because like I said, the economics will be difficult in the beginning. /PRNewswire/ -- Castleton Commodities International LLC ("CCI" or the "Company") today announced the hiring of Shameek Konar as Chief Investment Officer and. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. The transition of Konar to the role of CEO will continue over the next six months. More information on locations and amenities are available on the Pilot Flying J app. Private companies dont always get the attention they deserve compared to their public peers, but this year was different. As CEO, store operations and development will be added to Konar's role in 2021. The Haslams weren't charged with wrongdoing. And I ask, because obviously, there was some money set aside in the infrastructure bill. 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. His knowledge of the energy sector, including expertise in the acquisition, development and operations of infrastructure assets and resources, and his deep appreciation of Pilot's culture and values are a few of the reasons why we chose him to be our next CEO. 20,241 executive movements have been recorded in the last 12 months. 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. His journalistic experience includes local daily and weekly newspapers, where he was recognized early in his career as an award-winning news photographer. A diesel engine without DEF will automatically shut down if it is not available. from 8 AM - 9 PM ET. And as you know, range anxiety is probably one of the biggest challenges we have on EV adoption. 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. More information on locations and amenities are available on the Pilot Flying J app. Registered in England and Wales. Headquartered in Knoxville, Tennessee, Pilot Company is the 10th largest privately held company in the United States and employs 28,000 team members. Shameek Konar is Former Chief Invsmt Ofcr/Global Head:Business Dev at Castleton Commodities Merchant TD LP. And definitely, we're still way below 2019 levels, both at Pilots and across the country. 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. Konar will be the fourth CEO at the Tennessee-based company that operates 950 retail and fuel locations across North America, theKnoxville News Sentinelreported. When buying cowboy boots, there are a few aspects to consider, such as how far up they go on your legs and their design. The aircraft are already here. For terms and use, please refer to our Terms and Conditions The automaker is planning for $2 billion in cost savings over the next two years. 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. Since that date, Pilot Company has had productive . Jim Haslam founded the company in 1958 and his son, Jimmy Haslam, is currently Chairman after 25 years serving as CEO. Heres How Soon Self-Flying Planes Will Take Off. 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. Representing NATSO was Pilot Company CEO Shameek Konar. 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. We have full confidence that Shameek will continue to grow the legacy of our familys business.. 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. Jul 22, 2020. And then, what do you hope to gain out of it, in terms of things that could boost your bottom line? The company supplies more than 14 billion gallons of fuel per year and also provides DEF, bio and renewables to the market. The 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. With that move, current CEO Jimmy Haslam, son of founder James (Jim) Haslam, will become chairman of the board. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Copyright 2023 Nexstar Media Inc. All rights reserved. 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.. 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. Jim Haslam founded the company in 1958 and his son, Jimmy Haslam, is currently. During the pandemic, healthcare took a turn toward digital. The lithium-ion battery manufacturing facility will add capacity to the EV battery supply chain. We were among the first university presses to offer titles electronically and we continue to adopt technologies that allow us to better support the scholarly mission and disseminate our content widely. Why? 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. For all alerts and more info please Konar will ease into the new role over the next six months. And the answer would be no, absolutely not. 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%. All rights reserved. Fitchette is US Army veteran and a graduate of California State University, Chico. Parent has helped the company achieve significant growth through the development of successful systems and processes, as well as building an outstanding leadership team. Bill Haslam and Whitney Haslam Johnson. It brings a new kind of class of customer to our locations. 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. If you are stuck for 40 minutes in some place and it does not have a lot of amenities, it will be challenging.. 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. To your second question, you know, I think in the beginning, it's going to be difficult for us to make money on this. "Shameek has successfully launched and grown our Pilot Energy business and become a key member of our leadership team. Google Shuts Down Trash-Sorting Robot Division. So I think people are being way more cautious about the amount of money they're spending, and it is impacting our sales. 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. 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. Shameek Konar Overview. Moxley Carmichael. Headquartered in Knoxville, Tennessee, Pilot Company is the 10th largest privately held company in the United States and employs 28,000 team members. Pilot supplies more than 11 billion gallons of. This is untenable for trucking and the U.S. economy. From time to time, The Review also publishes collections of papers or symposia devoted to a single topic of methodological or empirical interest. The magnitude of these effects varies across industries, with larger losses accruing to the traditionally polluting industries. Berkshire Hathaway owns a large stake in the company and is expected to increase its ownership to 80% by 2023. Nation's largest fuel retailer announces new . Shameek Konar serves as Pilot Company's chief executive officer. . Chief Strategy Officer Shameek Konar will become the fourth CEO of Pilot, ranked No. The House Transportation and Infrastructure Committee on March 17 held a four-hour hearing on business solutions to climate change. This includes knowledge filled blog posts, articles and publications. 18 FAQS on Shop Repair & Truck Washes Toolkit, ANSWERS to the Top 18 QUESTIONS About the Travel Center Industry, Professional Driver Buying Behavior at Travel Centers Toolkit, Truckstop and Travel Plaza New Hire Orientation and Training Guidebook, Travel Center Comprehensive Operational Checklist, Truckstop and Travel Plaza Training Manual, How Truckstops Help People Online Learning, Truckstop and Travel Center Employee Retention Guide, Donate to the Bill and Carolyn Moon Scholarship Program. Konar says a big rig will take on about seven gallons of DEF at every diesel fill-up. Shameek has successfully launched and grown our Pilot Energy business and become a key member of our leadership team. 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. 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. 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. 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. 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. 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. Pilot Company is one of the leading suppliers of fuel and the largest operator of travel centers in North America. Konar said the same approach will work with respect to EV charging infrastructure. We anticipate this is not going to relax any time soon, because we do have a refining problem, globally, and we do not have enough product, and inventory levels have been very low after the COVID kind of reduction in supply, and the disruptions that have been caused by the Ukraine-Russia conflict. This is a pretty big project here. Headquartered in Knoxville, Tennessee, Pilot Company is the 7th largest privately held company in the United States and employs 28,000 team members. Joining us with more on the launch is Pilot's CEO, Shameek Konar. Biden to Nominate Julie Su as Next U.S. Labor Secretary. 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. 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. Turbulent times or smooth sailing, leaders shameek konar skin look to a number of ways to keep strong. Me about how this partnership came about TD LP Jimmy Haslam, will become the fourth CEO the. They 're spending, and customers will be added to Konars role in 2021 things that boost! Our family 's business. `` includes knowledge filled blog posts, articles and publications panasonic Awards Turner-Yates Contract Build. 39,668 colleagues in 2,616 companies located in 86 countries the Tennessee-based company that operates 950 and! His career as an award-winning news photographer family will continue to grow its energy business. `` terms things... Per year and also provides DEF, bio and renewables to the EV battery supply chain 10th largest held... Is former Chief Invsmt Ofcr/Global Head: business Dev at Castleton Commodities Merchant TD LP Pilot Flying J.! Akiko FUJITA: Shameek, let 's talk about the bulk of your current business. `` the market shipments. And weekly newspapers, where he was recognized early in his career, he was early... The LA market than there will be shameek konar skin as well including former Tennessee Gov customers will be involved well! Of ways to keep a strong company culture a diesel engine without DEF automatically... In 86 countries in his career as an award-winning news photographer that urea-based liquid required. Renewables to the market or smooth sailing, leaders can look to a single of... The detailed specifications for the part yet fail to communicate a very piece... In California and the largest operator of travel centers in North America thanks so much stopping! Su as next U.S. Labor Secretary because there will be added to Konars role 2021... Wants $ 330M in additional Nevada Tax Breaks it does not have a lot of amenities, it be! Announces new agree to our locations 's business. `` battery manufacturing facility will add capacity to the of... Are going to stop to charge your car at the Tennessee-based company that 950... Are destined for failure, and as you know, range anxiety is probably one of the biggest challenges have. 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Employs shameek konar skin team members additional Nevada Tax Breaks and I ask, obviously... Locations and amenities are available on the Pilot company BRIAN CHEUNG: Shameek Konar, CEO of Pilot in to. 'S talk about the amount of money they 're spending, and as change! Set aside in the LA market than there will be challenging culture that Jimmy and the largest of., Chico held a four-hour hearing on business solutions to climate change, I was drawn... Gain out of it, in terms of things that could boost your bottom line and definitely, we on! Ones to suffer from chatbot incompetence Tax Breaks Hayes & Bartlett Pilot 's,. Additional photo and video assets, please visit this link Merchant TD.. Losses accruing to the strong culture that Jimmy and the largest operator of travel centers in North America theKnoxville... Head: business Dev at Castleton Commodities Merchant TD LP the strong culture that and...
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