So our hope is not to change customer behavior. Why do you want to take on these costs? James (Jim) Haslam, who started the company in 1968 as single gas station, will remain involved in the company as well as chairman emeritus. FedEx CEO Fred Smith, meanwhile, touted longer truck trailers as a climate strategy. In the Retail industry, Shameek Konar has 39,668 colleagues in 2,616 companies located in 86 countries. 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. "When joining the Pilot family, I was immediately drawn to the strong culture that Jimmy and the entire Haslam family created. The company supplies more than 14 billion gallons of fuel per year and also provides DEF, bio and renewables to the market. . And the answer would be no, absolutely not. So I think people are being way more cautious about the amount of money they're spending, and it is impacting our sales. With that move, current CEO Jimmy Haslam, son of founder James (Jim) Haslam, will become chairman of the board. The switch is already happening and will continue for the . Number 8860726. Photoacoustic imaging equipment on wheels is helping to advance groundbreaking medical research. But at this point, we have not secured government funding. The privately held travel center giant announced Tuesday that Chief Strategy Officer Shameek Konar has been tapped to become the new CEO. Pilot Company remains family owned and operated with Shameek Konar as CEO since 2021. 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. Tesla Wants $330M in Additional Nevada Tax Breaks. 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. In one-on-one interviews, Rubenstein will learn investing strategies and tactics from some of the world's top wealth creators. 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. 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. BRIAN CHEUNG: Shameek Konar, CEO of the Pilot Company, thanks so much for stopping by this morning. The transition of Konar to the role of CEO will continue over the next six months. 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. Parent has helped the company achieve significant growth through the development of successful systems and processes, as well as building an outstanding leadership team. 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. We report on a study that relates the market value of firms in the S&P 500 to objective measures Be Prepared to Brief Your Prototype Aluminum Casting Supplier. Because there will be much more demand in the LA market than there will be in Texas. 20,241 executive movements have been recorded in the last 12 months. Why? All rights reserved. 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. Konar also urged the committee to improve policies that incentivize liquid renewable fuels such as biodiesel, renewable diesel and ethanol. KNOXVILLE, Tenn. (WATE) Someone not named Haslam will be the chief executive officer of the Pilot Company beginning in January. 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. Consumers see it every time they fill up their car and purchase groceries. Fitchette is US Army veteran and a graduate of California State University, Chico. He also led Mercuria's acquisition of the J.P. Morgan physical commodities platform last year. Learn more about . Taking into account various assets, Shameek's net worth is greater than $499,999; and makes between $150 - 174,999 a year. This item is part of a JSTOR Collection. Hes very smart, great work ethic, a very humble man, and I think understands people very well. Lawmakers hope to overcome partisan divisions and address a "generational challenge" to America's national security. 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. Jul 22, 2020. 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. 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. Taking the steps to overcome the shortage of skilled cybersecurity personnel is critical for any organization operating in the technology environment. In January, Parent will become senior advisor to the CEO and the chairman, providing guidance on strategy and key priorities for the company. He says the company has committed to building a plant in Monterrey. But we would require, or we would benefit from government funding, because like I said, the economics will be difficult in the beginning. 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%. CEO Jimmy Haslam named chairman; Chief Strategy Officer Shameek Konar named CEO. Representing NATSO was Pilot Company CEO Shameek Konar. For one company, it was an opportunity to transform the way clinical trials are conducted, without sacrificing scientific rigor. Youve gone from two minutes to fuel a car to 40 minutes or 30 minutes to charge your car. 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. The magnitude of these effects varies across industries, with larger losses accruing to the traditionally polluting industries. "OF the 300 million gallons of DEF that Pilot supplies to the industry every year, 74% is moved by rail," Konar said. What we've been seeing specifically in the last couple of months after the elevation in prices and the war is, an average gas customer is consuming or filling, basically, 6% to 7% fewer gallons than they were before. For terms and use, please refer to our Terms and Conditions All Rights Reserved. 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. 10 on Forbes' list of America's Largest Private Companies. Copyright 2023. Not only would prices go up for DEF, which is now the highest it's ever been at nearly $4 per gallon. Shameek Konar is about take an unprecedented step at Pilot Company as he assumes the role of CEO in January. 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. (Podcast), Former Chief Invsmt Ofcr/Global Head:Business Dev, Castleton Commodities Merchant TD LP. 2023 Forbes Media LLC. Nation's largest fuel retailer announces new . 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. Shameek Konar Chief Executive Officer Shameek Konar serves as Pilot Company's chief executive officer. Parent has helped the company achieve significant growth through the development of successful systems and processes, as well as building an outstanding leadership team, the company said. If you dont innovate, you die, Konar told the newspaper. We have full confidence that Shameek will continue to grow the legacy of our familys business.. 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. 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. 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 a lot of what was expected coming from Build Back Better is no longer, at least right now. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Copyright 2023 Nexstar Media Inc. All rights reserved. Request Permissions. 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. Effective immediately, Konar will take on additional responsibilities, 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. 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. We have full confidence that Shameek will continue to grow the legacy of our familys business.. 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, Pilot Corp: Profile and Biography - Bloomberg Markets Subscribe Live Now Bloomberg TV+ Bloomberg Surveillance: Early Edition Bloomberg Surveillance: Early Edition with Anna. SHAMEEK KONAR: No, all great questions, Brian. Buy now, pay later provider Klarna announced a 71% year-over-year increase in gross merchandise value (GMV) in the US in 2022, and now has more than 8 million monthly active app users in the US. Pilot Testifies on Behalf of NATSO for House Committee Hearing on Business Solutions to Climate Change. 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. Pilots CEO Shameek Konar testified that with the right policy framework and incentive structure, fuel retailers provide the best opportunity for advancing alternative fuels, including electricity, into the marketplace. Pilot Company is one of the leading suppliers of fuel and the largest operator of travel centers in North America. 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. Subscribe to receive the latest information. Shared by Shameek Konar Join now to see all activity Experience Chief Executive Officer Pilot Company Jan 2021 - Present2 years 2 months Knoxville, Tennessee, United States Chief Strategy Officer. Check Background Get Contact Info This Is Me - Edit. When you go on a road trip or across the country, you don't change your behavior. If you use a windshield cover, you can at least forget about scrapping the ice off your windshield to save some time and hassle. 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. Shameek Konar Overview. 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. He is currently chief strategy officer. Shameek Konar has been associated with eight companies, according to public records. You stop to fill gas. 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. We need to keep that in mind. About 10 years ago biodiesel and biofuels were not [economically viable] and available in the market and our customers didnt want it, Konar said. I imagine a lot of EV drivers might want to stop by your 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. 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. Heres How Soon Self-Flying Planes Will Take Off. 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. It has been called Dr. Seuss Day because of this. Jim Haslam founded the company in 1958 and his son, Jimmy Haslam, is currently Chairman after 25 years serving as CEO. As CEO, store operations and development will be added to Konars role in 2021. 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. 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. As CEO, store operations and development will be added to Konars role in 2021. Shameek Konar will become chief executive officer of Knoxville-based Pilot Company beginning in 2021, the company said Tuesday. 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. Biden to Nominate Julie Su as Next U.S. Labor Secretary. 10 on Forbes list of Americas Largest Private Companies. Shameek Konar is Former Chief Invsmt Ofcr/Global Head:Business Dev at Castleton Commodities Merchant TD LP. The company supplies more than 14 billion gallons of fuel per year and also provides DEF, bio and renewables to the market. The lithium-ion battery manufacturing facility will add capacity to the EV battery supply chain. For additional photo and video assets, please visit this link. Both Haslams will remain active in the company and on the board. 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. And you know what's great putting them in Pilots? Jimmy Haslams daughter, Whitney Haslam Johnson, will continue to be chief experience officer and a member of the board, and former Tennessee Gov. Here are some ideas. Since that date, Pilot Company has had productive . His journalistic experience includes local daily and weekly newspapers, where he was recognized early in his career as an award-winning news photographer. 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. The company is moving closer to closing the factory. 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. BRIAN CHEUNG: Shameek, why EVgo? The House Transportation and Infrastructure Committee on March 17 held a four-hour hearing on business solutions to climate change. And what are you seeing in terms of customer flows? Pilot Company is one of the leading suppliers of fuel and the largest operator of travel centers in North America. Hints and clues to help you with today's Wordle. Farm Progress is part of the Informa Markets Division of Informa PLC. 10 on Forbes' list of largest private American companies. In January, Parent will become senior advisor to the CEO and the chairman, providing guidance on strategy and key priorities for the company. The cutbacks to DEF production would be catastrophic. BRIAN CHEUNG: Shameek, it's Brian Cheung here. Pilot Flying J Location 5508 Lonas Dr, Knoxville, Tennessee, 37909, United States Description Industry Moreover, Konar predicts that diesel prices, already above $6 per gallon is many places, would go even higher. Find out the challenges and triumphs of leading an energy, data and hospitality-obsessed company that is striving to put the driver first. 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. I mean, there's a lot of other partners I'm sure you could have gone with out there. 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. 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. A prototype print can be complete with all the detailed specifications for the part yet fail to communicate a very critical piece of information. 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. Representing NATSO was Pilot Company CEO Shameek Konar. Bill Haslam and Whitney Haslam Johnson. Informa Markets, a trading division of Informa PLC. A diesel engine without DEF will automatically shut down if it is not available. Related by Industry: Convenience Stores & Gas Stations. During the pandemic, healthcare took a turn toward digital. The Knoxville-base truck stop chain announced Tuesday that Haslam will . Konar will be the fourth CEO at the Tennessee-based company that operates 950 retail and fuel locations across North America, theKnoxville News Sentinelreported. Cision Distribution 888-776-0942 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. Parent has helped the company achieve significant growth through the development of successful systems and processes, as well as building an outstanding leadership team. 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 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 says a big rig will take on about seven gallons of DEF at every diesel fill-up. Headquartered in Knoxville, Tennessee, Pilot Company is the 7 th largest privately held company in the United States and employs 28,000 team members. 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. 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. 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. A railway's request would cut tens of millions of truck miles just as driver shortages persist and truck availability is already tight. I mean, how much does that cost a company to do that, right? Shameek's personal network of family, friends, associates & neighbors include Gary Mercer, Mark Worscheh, Edward Bracewell, Hannah Worscheh and Elaine Bracewell. About 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. As markets change, and as opportunities change, we have to change, right? Chief Strategy Officer Shameek Konar will become the fourth CEO of Pilot, ranked No. Autonomous flight is coming to civil aviation sooner than anyone thinks, and it may prove to be a surprising boon for flyover country. 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. Shameek has successfully launched and grown our Pilot Energy business and become a key member of our leadership team. 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. . 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 . This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. It's a step forward in an effort to satisfy a vast demand for lithium for electric vehicle batteries. SHAMEEK KONAR: No, that's a great question. See Shameek Konar's compensation, career history, education, & memberships. History, education, & amp ; memberships the company supplies more than 14 billion of. That Jimmy and the answer would be No, all great questions, brian be a boon! ( Jim ) Haslam, will become Chief executive Officer of Knoxville-based Pilot company thanks. Print can be complete with all the detailed specifications for the part yet fail to communicate a very man... Of California State University, Chico remain active in the technology environment Hearing. 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