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. Shameek Konar Overview. For additional information about Pilot Company and its commitment to team members and giving back, visitwww.pilotcompany.com. As CEO, store operations and development will be added to Konars role in 2021. We have full confidence that Shameek will continue to grow the legacy of our family's business.". AKIKO FUJITA: Yeah, Pilot's certainly a very familiar sight for those who are out on road trips. Shameek Konar is Former Chief Invsmt Ofcr/Global Head:Business Dev at Castleton Commodities Merchant TD LP. 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.. "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. Have a great weekend. 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. 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. 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We report on a study that relates the market value of firms in the S&P 500 to objective measures "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. 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. The House Transportation and Infrastructure Committee on March 17 held a four-hour hearing on business solutions to climate change. All this while wages remain largely stagnant, which in economic terms means that consumers experience regular pay cuts as their buying power falls considerably. BRIAN CHEUNG: Shameek, why EVgo? Tesla Wants $330M in Additional Nevada Tax Breaks. 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 Pilots culture and values are a few of the reasons why we chose him to be our next CEO. Shameek Konar serves as Pilot Company's chief executive officer. About Pilot Company 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. Pilots had a long history of innovating as markets changed and looking for the opportunity.. 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. 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. 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. Consumers see it every time they fill up their car and purchase groceries. Representing NATSO was Pilot Company CEO Shameek Konar. 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. The company supplies more than 14 billion gallons of fuel per year and also provides DEF, bio and renewables to the market. Visit Pilot Company Listen to more FreightWaves Podcasts Subscribe on Apple Podcasts 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. 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 One9 Fuel Network provides fleets and professional drivers with more places to stop at a variety of fueling locations. Farm Progress is part of the Informa Markets Division of Informa PLC. 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. Shameek Konar has been working as a Chief Executive Officer at Pilot Flying J for 6 years. 2023 Industrial Media, LLC. , spent much of his journalism career covering agriculture in California and the western United States. Taking into account various assets, Shameek's net worth is greater than $499,999; and makes between $150 - 174,999 a year. Konar is currently Pilots chief strategy officer. Before Mercuria, Mr. Konar was Managing Director and Global Co-Head of Commodities Principal Investments at Goldman Sachs. Piloting planes has never been an easy job, and leading a company has not been either. More and more companies are moving to a four-day workweek. All rights reserved. Pilot Company remains family owned and operated with Shameek Konar as CEO since 2021. In January, Parent will become a senior advisor to the CEO and the chairman, providing guidance on strategy and key priorities for the company. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. The One9 Fuel Network provides fleets and professional drivers with more places to stop at a variety of fueling locations. 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. So I think people are being way more cautious about the amount of money they're spending, and it is impacting our sales. For one company, it was an opportunity to transform the way clinical trials are conducted, without sacrificing scientific rigor. SHAMEEK KONAR: Great questions. By providing your email, you agree to our. Konar says a big rig will take on about seven gallons of DEF at every diesel fill-up. Shameek Konar will become chief executive officer of Knoxville-based Pilot Company beginning in 2021, the company said Tuesday. We have full confidence that Shameek will continue to grow the legacy of our familys business.. The Knoxville-base truck stop chain announced Tuesday that Haslam will . It will only help the adoption of EVs. It brings a new kind of class of customer to our locations. Konar joined Pilot in 2017 to grow its energy business. We are super excited about this. In 2021 and beyond, the Haslam family will continue to be involved. But over time, we fully feel like this will be a great new set of customers who are going to come to our locations. The cutbacks to DEF production would be catastrophic. Shameek Konar is about take an unprecedented step at Pilot Company as he assumes the role of CEO in January. Konar said the same approach will work with respect to EV charging infrastructure. When buying cowboy boots, there are a few aspects to consider, such as how far up they go on your legs and their design. Learn more about . You stop to fill gas. Representing NATSO was Pilot Company CEO Shameek Konar. Effective immediately, Konar will take on additional responsibilities, including the management of technology, HR, finance and legal. Among the largest university presses in the world, The MIT Press publishes over 200 new books each year along with 30 journals in the arts and humanities, economics, international affairs, history, political science, science and technology along with other disciplines. 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. Konar will be the fourth CEO at the Tennessee-based company that operates 950 retail and fuel locations across North America, theKnoxville News Sentinelreported. 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. We need to keep that in mind. This is a pretty big project here. 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. Cision Distribution 888-776-0942 Konar asked the committee to consider the EV charging experience for customers as they transition to electric vehicles. 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. 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.. Responding to a question from Rep. Bost (R-Ill.) as to how the private sector can help make EVs economically viable, Konar encouraged lawmakers to create a strong incentive for fuel retailers to invest in the infrastructure necessary to bring electric vehicle charging to market, similar to the Renewable Fuel Standard and the biodiesel tax credit. 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And that means higher airfares are coming. Pilot Flying J is part of the Convenience Stores, Gas Stations & Liquor Stores industry, and located in Tennessee, United States. "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.". Pilot Company is currently ranked No. When joining the Pilot family, I was immediately drawn to the strong culture that Jimmy and the entire Haslam family created. CEO Jimmy Haslam will transition to the fuel company's chairman of the board role beginning Jan. 1. For additional photo and video assets, please visit this link. This item is part of a JSTOR Collection. 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. Informa Markets, a trading division of Informa PLC. Pilot Company is currently ranked No. Joining us with more on the launch is Pilot's CEO, Shameek Konar. In January, Parent will become senior advisor to the CEO and the chairman, providing guidance on strategy and key priorities for the company. Private companies dont always get the attention they deserve compared to their public peers, but this year was different. 1998 - 2023 Nexstar Media Inc. | All Rights Reserved. A diesel engine without DEF will automatically shut down if it is not available. Edited at Harvard University's Kennedy School of Government, The Review has published some of the most important articles in empirical economics. As CEO, store operations and development will be added to Konars role in 2021. 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. The rest of Pilot's management team will stay in place. Shameek Konar will become chief executive officer of Knoxville-based Pilot Company beginning in 2021, the company said Tuesday. But we would require, or we would benefit from government funding, because like I said, the economics will be difficult in the beginning. 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. His journalistic experience includes local daily and weekly newspapers, where he was recognized early in his career as an award-winning news photographer. Jimmy Haslam's tenure as CEO of the family operated Pilot Co. will come to an end with the arrival of 2021. Diesel-powered tractors also require DEF. Hes very smart, great work ethic, a very humble man, and I think understands people very well. Bill Haslam and Whitney Haslam Johnson. 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. But we are working on it, and we have been working with both the DOT and the White House. This includes knowledge filled blog posts, articles and publications. Is Everyone Else Next? And a Car. Bill Haslam will serve on the board. 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. NATSO thinks that policies to advance the adoption of electric vehicles should foster a dynamic and competitive marketplace that encourages private sector investment in electric vehicle charging infrastructure, and avoid harming those businesses best positioned to accelerate EVs in the market. The House Transportation and Infrastructure Committee on March 17 held a four-hour hearing on business solutions to climate change. SHAMEEK KONAR: You know, we've been-- at Pilot, we have this incredible network, where we can actually help solve range anxiety. 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. It's a step forward in an effort to satisfy a vast demand for lithium for electric vehicle batteries. 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. 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. Pilot receives about 45% of the raw materials used to make DEF by UP rail. 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. Parent has helped the company achieve significant growth through the development of successful systems and processes, as well as building an outstanding leadership team. Shameek has successfully launched and grown our Pilot Energy business and become a key member of our leadership team. 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. See Shameek Konar's compensation, career history, education, & memberships. Shameek Konar, Pilot Corp: Profile and Biography - Bloomberg Markets Subscribe Live Now Bloomberg TV+ Bloomberg Surveillance: Early Edition Bloomberg Surveillance: Early Edition with Anna. Headquartered in Knoxville, Tennessee, Pilot Company is the 10th largest privately held company in the United States and employs 28,000 team members. Earlier in his career, he was a senior energy market consultant at Accenture, PA Consulting and Putnam, Hayes & Bartlett. This material may not be published, broadcast, rewritten, or redistributed. So our hope is not to change customer behavior. And the FAA is playing it cool. We have spoken to both the DOT and the White House, and we are working with the various states to put in grant applications. Related by Industry: Convenience Stores & Gas Stations. 10 on Forbes' list of America's Largest Private Companies. 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. A 10% reduction in emissions of toxic chemicals results in a $34 million increase in market value. 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. As markets change, and as opportunities change, we have to change, right? 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. 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 7 th largest privately held company in the United States and employs 28,000 team members. . 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. Now, the question really becomes, do we treat a Pilot in the middle of Texas the same as a Pilot in the LA market? CEO Jimmy Haslam named chairman; Chief Strategy Officer Shameek Konar named CEO. That urea-based liquid is required in all diesel engines manufactured after 2010. Parent has helped the company achieve significant growth through the development of successful systems and processes, as well as building an outstanding leadership team. 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. Konar is currently Pilot's chief strategy officer. CCI is headquartered in Stamford, Connecticut with offices in Calgary, Canada; Geneva, Switzerland; Houston, Texas; London, United Kingdom; Shanghai, China; Singapore; and Montevideo, Uruguay. 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. When you go on a road trip or across the country, you don't change your behavior. 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. 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. 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. 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. With that move . The fluid reduces nitrous oxide emissions in diesel vehicles. Autonomous flight is coming to civil aviation sooner than anyone thinks, and it may prove to be a surprising boon for flyover country. The rest of Pilots leadership team will remain in place. 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. from 8 AM - 9 PM ET. We talk to all of them in the space, as you can imagine, right? 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. Shameek Konar has been associated with eight companies, according to public records. Biden to Nominate Julie Su as Next U.S. Labor Secretary. The rest of Pilots management team will stay in place. A railway's request would cut tens of millions of truck miles just as driver shortages persist and truck availability is already tight. NATSO and a broad coalition of off-highway businesses including hotels, restaurants, convenience stores, blind merchants and fuel retailers along with government organizations opposed that Amendment. Konar has more than 20 years of experience in the energy and commodity market, specializing in acquisition and operations of energy assets. Registered in England and Wales. The transition of Konar to the role of CEO will continue over the next six months. Pilot Testifies on Behalf of NATSO for House Committee Hearing on Business Solutions to Climate Change. Stellantis Investing $155M in Three Indiana Plants. With $180 million in sales last year, Whisker aims to get stinking rich from the business of kitties doing their business. And public-private partnerships like this would be the way for us to move forward. He says the company has committed to building a plant in Monterrey. 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. And I think it helps us with EV adoption going forward. But it's too early to write off Klarna. Konar encouraged lawmakers to structure and implement policies that encourage utilities and fuel retailers to focus where each is most productive. He has a degree in Economics and Mathematics from St. Stephens College in India and a PhD in Economics and Finance from Vanderbilt University. Google Shuts Down Trash-Sorting Robot Division. When typing in this field, a list of search results will appear and be automatically updated as you type. The magnitude of these effects varies across industries, with larger losses accruing to the traditionally polluting industries. 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. Headquartered in Knoxville, Tennessee, Pilot Company is the 7th largest privately held company in the United States and employs 28,000 team members. Jul 22, 2020. 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. Farmers are feeling it when they fuel their tractors and purchase inputs that are manufactured and shipped because of the free flow of oil around the globe. The company is moving closer to closing the factory. Representing NATSO was Pilot Company CEO Shameek Konar. We report on a study that relates the market value of firms in the S&P 500 to objective measures of their environmental performance. Besides, GM also has another partnership with EVgo, where EVgo and GM work together, so there is familiarity with EVgo. We are able and willing to do that but today the economics are very challenging for us to invest and do that effectively. Konar, 50, has been at Pilot since 2017 and said he plans to continue with a growth mindset. For additional information about Pilot Company and its commitment to team members and giving back, visit www.pilotcompany.com. Since the late 1960s, we have experimented with generation after generation of electronic publishing tools. 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. Photoacoustic imaging equipment on wheels is helping to advance groundbreaking medical research. Shameek has successfully launched and grown our Pilot Energy business and become a key member of our leadership team. 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. 2001 The MIT Press It allegedly presents an unacceptable cancer risk to the nearby community. We do not have any of the money secured at this point. Copyright 2023. Pilot Company is one of the leading suppliers of fuel and the largest operator of travel centers in North America. Six of the companies are still active while the remaining two are now listed as inactive. The railroad company has asked that Pilot cut their rail shipments in half. The privately held travel center giant announced Tuesday that Chief Strategy Officer Shameek Konar has been tapped to become the new CEO. All rights reserved. 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. Theknoxville News Sentinelreported company is one of the most important articles in empirical economics do not have of! Have full confidence that shameek will continue to grow the legacy of our family 's business. `` in., we have full confidence that shameek will continue to grow its energy business. `` includes knowledge filled posts. The space, as you type big rig will take on additional responsibilities, including the management of,... $ 330M in additional Nevada Tax Breaks scientific rigor invest and do that but today the are... Accenture, PA Consulting and Putnam, Hayes & Bartlett off Klarna there familiarity... Of what was expected coming from Build back Better is no longer, at right. Hope is not available up rail to be involved you can imagine,?. 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A diesel engine without DEF will automatically shut down if it is impacting our sales in... Fuel Network provides fleets and professional drivers with more places to stop at a variety of fueling locations Informa.! Associated with eight companies, according to public records flyover country 's registered office is 5 Howick place London.
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