"When joining the Pilot family, I was immediately drawn to the strong culture that Jimmy and the entire Haslam family created. For additional photo and video assets, please visit this link. All Rights Reserved. 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. It will only help the adoption of EVs. 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. Lawmakers hope to overcome partisan divisions and address a "generational challenge" to America's national security. Pilot Company is currently ranked No. Visit Pilot Company Listen to more FreightWaves Podcasts Subscribe on Apple Podcasts from 8 AM - 9 PM ET. Pilot receives about 45% of the raw materials used to make DEF by UP rail. 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. 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. See Shameek Konar's compensation, career history, education, & memberships. 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Jimmy Haslam and his wife, Dee, also own the Cleveland Browns football team, which they bought in 2012 for $1.05 billion. The fluid reduces nitrous oxide emissions in diesel vehicles. Shameek Konar will be the fourth CEO of Pilot Company. He has a degree in Economics and Mathematics from St. Stephens College in India and a PhD in Economics and Finance from Vanderbilt University. Fitchette is US Army veteran and a graduate of California State University, Chico. Since the late 1960s, we have experimented with generation after generation of electronic publishing tools. We're hiring experienced account executives. The Knoxville-base truck stop chain announced Tuesday that Haslam will . The railroad company has asked that Pilot cut their rail shipments in half. 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. Much of Konar's testimony, and questions from the panel, centered on the availability of diesel exhaust fluid, or DEF. But at this point, we have not secured government funding. Copyright 2023. 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. Representing NATSO was Pilot Company CEO Shameek Konar. Learn more about . And definitely, we're still way below 2019 levels, both at Pilots and across the country. His journalistic experience includes local daily and weekly newspapers, where he was recognized early in his career as an award-winning news photographer. But we would require, or we would benefit from government funding, because like I said, the economics will be difficult in the beginning. 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. To your second question, you know, I think in the beginning, it's going to be difficult for us to make money on this. Right? "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.". 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.. 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. This includes knowledge filled blog posts, articles and publications. Jimmy Haslams daughter, Whitney Haslam Johnson, will continue to be chief experience officer and a member of the board, and former Tennessee Gov. The Netherlands plans to launch a pilot program to experiment with the legal sale of cannabis by the end of this year. 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. 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. In one-on-one interviews, Rubenstein will learn investing strategies and tactics from some of the world's top wealth creators. The rest of Pilots leadership team will remain in place. Taking into account various assets, Shameek's net worth is greater than $499,999; and makes between $150 - 174,999 a year. You'll have a number of other amenities, from showers to clean restrooms to merchandise. And public-private partnerships like this would be the way for us to move forward. 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. The rest of Pilots management team will stay in place. I mean, this is not your-- this is not you putting 10 or 15 charging stalls. 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. 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. 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. Pilot Company is one of the leading suppliers of fuel and the largest operator of travel centers in North America. Shameek Konar offered this testimony to the Surface Transportation Board on April 27, 2022 - referring specifically to diesel exhaust fluid. Shameek's personal network of family, friends, associates & neighbors include Gary Mercer, Mark Worscheh, Edward Bracewell, Hannah Worscheh and Elaine Bracewell. 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. Konar said the same approach will work with respect to EV charging infrastructure. Konar further . . We have spoken to both the DOT and the White House, and we are working with the various states to put in grant applications. This material may not be published, broadcast, rewritten, or redistributed. Moxley Carmichael. The Press's enthusiasm for innovation is reflected in our continuing exploration of this frontier. Pilot Company is one of the leading suppliers of fuel and the largest operator of travel centers in North America. Earlier in his career, he was a senior energy market consultant at Accenture, PA Consulting and Putnam, Hayes & Bartlett. Konar will be the fourth CEO at the Tennessee-based company that operates 950 retail and fuel locations across North America, theKnoxville News Sentinelreported. You stop to fill gas. Headquartered in Knoxville, Tennessee, Pilot Company is the 10th largest privately held company in the United States and employs 28,000 team members. 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. James (Jim) Haslam, who started the company in 1968 as single gas station, will remain involved in the company as well as chairman emeritus. 2001 The MIT Press Konar has more than 20 years of experience in the energy and commodity market, specializing in acquisition and operations of energy assets. More information on locations and amenities are available on the Pilot Flying J app. 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. At Pilot Flying J, Shameek Konar has 24 colleagues including James Haslam (Chairman Emeritus), Jimmy Haslam (Chairman of the Board) Industry Colleagues. It also generated $1 billion in losses last year. There's about-- there are four of them, which are kind of the larger ChargePoint providers. How is that distributed among the partners here? When joining the Pilot family, I was immediately drawn to the strong culture that Jimmy and the entire Haslam family created. Since that date, Pilot Company has had productive . CEO Jimmy Haslam will transition to the fuel company's chairman of the board role beginning Jan. 1. Request Permissions. 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. And that means higher airfares are coming. Pilot Company remains family owned and operated with Shameek Konar as CEO since 2021. That urea-based liquid is required in all diesel engines manufactured after 2010. Rep. Grace Napolitano has previously introduced an amendment to infrastructure legislation that would allow electric vehicle charging stations at rest areas located on the Interstate right-of-way. Shameek possesses, I think, everything we look for or anybody would look for in a leader, Jimmy Haslam said. 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. Bill Haslam will serve on the board. Six of the companies are still active while the remaining two are now listed as inactive. Is Everyone Else Next? Now, the question really becomes, do we treat a Pilot in the middle of Texas the same as a Pilot in the LA market? The cutbacks to DEF production would be catastrophic. The Review of Economics and Statistics Shameek Konar Chief Executive Officer Shameek Konar serves as Pilot Company's chief executive officer. 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. About Pilot Company The privately held travel center giant announced Tuesday that Chief Strategy Officer Shameek Konar has been tapped to become the new CEO. 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. Talk to me about how this partnership came about. 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. 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. 445 S. Gay Street, Suite 305Knoxville, Tennessee 37902P: 865-544-0088 | F: 865-544-1865. Tesla Wants $330M in Additional Nevada Tax Breaks. from 8 AM - 9 PM ET. 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. We report on a study that relates the market value of firms in the S&P 500 to objective measures Consumers see it every time they fill up their car and purchase groceries. 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. Certainly a lot of excitement when that announcement first came down. Find out the challenges and triumphs of leading an energy, data and hospitality-obsessed company that is striving to put the driver first. Joining us with more on the launch is Pilot's CEO, Shameek Konar. And then, what do you hope to gain out of it, in terms of things that could boost your bottom line? Headquartered in Knoxville, Tennessee, Pilot Company is the 7th largest privately held company in the United States and employs 28,000 team members. About 10 years ago biodiesel and biofuels were not [economically viable] and available in the market and our customers didnt want it, Konar said. 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. When typing in this field, a list of search results will appear and be automatically updated as you type. Trucks fill up at a truck stop in Northern California. 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. Subscribe to updates and stay connected on the latest news from NATSO. More information on locations and amenities are available on the Pilot Flying J app. And I ask, because obviously, there was some money set aside in the infrastructure bill. "Shameek has successfully launched and grown our Pilot Energy business and become a key member of our leadership team. 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. 2023 Forbes Media LLC. Chatbots that arent tested and trained continuously are destined for failure, and customers will be the ones to suffer from chatbot incompetence. 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. 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. Konar, 50, has been at Pilot since 2017 and said he plans to continue with a growth mindset. Jim Haslam founded the company in 1958 and his son, Jimmy Haslam, is currently Chairman after 25 years serving as CEO. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, Pilot Company ramps up support for annual Heart Month Campaign, Pilot Company propels team member experience forward with new DEI leader. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Subscribe to receive top agriculture news, Be informed daily with these free e-newsletters. 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. 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. Todd Fitchette, associate editor with Western Farm Press, spent much of his journalism career covering agriculture in California and the western United States. And you know, we finally got it done. Avoid making these seven mistakes to craft a stronger, more resilient retail strategy for your product business. Jim Haslam founded the company in 1958 and his son, Jimmy Haslam, is currently. Effective immediately, Konar will take on additional responsibilities, including the management of technology, HR, finance and legal. 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 . "OF the 300 million gallons of DEF that Pilot supplies to the industry every year, 74% is moved by rail," Konar said. Corn, soybeans bounce back after Tuesdays severe slump, Calf prices strengthen, cattle herd shrinking. Through the correct market incentives and public policy, the federal government enabled us to provide biofuels cheaper to our customers, which has led to a significant adoption of biofuel. Pilot Company expects to sell 1 billion gallons of biofuels next year, Konar said. We report on a study that relates the market value of firms in the S&P 500 to objective measures of their environmental performance. , spent much of his journalism career covering agriculture in California and the western United States. Utilities are best suited to perform the necessary generation development and power grid restructuring work through its regulated monopoly; however they should not be given a leg up over private companies seeking to enter the market for electric vehicle charging infrastructure that consumers use to power their vehicles. 1998 - 2023 Nexstar Media Inc. | All Rights Reserved. All this while wages remain largely stagnant, which in economic terms means that consumers experience regular pay cuts as their buying power falls considerably. Other family members will be involved as well including former Tennessee Gov. 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. 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 . When you take those four skills and marry it up with somebody who has great commercial acumen, we think we have an outstanding future CEO.. 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. 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. Whether encountering turbulent times or smooth sailing, leaders can look to a number of ways to keep a strong company culture. We talk to all of them in the space, as you can imagine, right? The transition will take place over the rest of 2020, with leadership roles shifting on Jan. 1. The company supplies more than 14 billion gallons of fuel per year and also provides DEF, bio and renewables to the market. 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. Youve gone from two minutes to fuel a car to 40 minutes or 30 minutes to charge your car. Because there will be much more demand in the LA market than there will be in Texas. 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. As CEO, store operations and development will be added to Konars role in 2021. 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. Use Forbes logos and quotes in your marketing. All newer diesel vehicles also must have this technology, including pickups and cars. 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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%. Edited at Harvard University's Kennedy School of Government, The Review has published some of the most important articles in empirical economics. But a lot of what was expected coming from Build Back Better is no longer, at least right now. We are super excited about this. 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. 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. So I think people are being way more cautious about the amount of money they're spending, and it is impacting our sales. SHAMEEK KONAR: No, that's a great question. Konar encouraged lawmakers to structure and implement policies that encourage utilities and fuel retailers to focus where each is most productive. 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. 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 Konar will be the fourth CEO of Pilot Company, a company that operates 950 retail and fuel locations across North America, sources reported. He says the company has committed to building a plant in Monterrey. Konar says a big rig will take on about seven gallons of DEF at every diesel fill-up. The One9 Fuel Network provides fleets and professional drivers with more places to stop at a variety of fueling locations. Shameek Konar will become chief executive officer of Knoxville-based Pilot Company beginning in 2021, the company said Tuesday. 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. Chief Strategy Officer Shameek Konar will become the fourth CEO of Pilot, ranked No. A prototype print can be complete with all the detailed specifications for the part yet fail to communicate a very critical piece of information. BRIAN CHEUNG: Shameek, it's Brian Cheung here. Shameek Konar Chief Executive Officer Shameek Konar serves as Pilot Company's chief executive officer. Shameek has successfully launched and grown our Pilot Energy business and become a key member of our leadership team. 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. Panasonic Awards Turner-Yates Contract to Build EV Battery Plant. The transition of Konar to the role of CEO will take place over the next six months. Private companies dont always get the attention they deserve compared to their public peers, but this year was different. 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." CCI is headquartered in Stamford, Connecticut with offices in Calgary, Canada; Geneva, Switzerland; Houston, Texas; London, United Kingdom; Shanghai, China; Singapore; and Montevideo, Uruguay. 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. 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. Former Tennessee Gov, Rubenstein will learn investing strategies and tactics from some of the ChargePoint... Of 2020, with leadership roles shifting on Jan. 1 divisions and address a `` generational challenge '' America... As you shameek konar skin, bio and renewables to the strong culture that Jimmy and the western United and. A Pilot program to experiment with the legal sale of cannabis by the end of frontier... And you know, we have not secured government funding next year, Konar will be in.. Strong culture that Jimmy and the western United States and employs 28,000 team members centered! 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