Piloting planes has never been an easy job, and leading a company has not been either. Why specifically that company? Konar is currently Pilot's chief strategy officer. BRIAN CHEUNG: Shameek, why EVgo? 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. The Press's enthusiasm for innovation is reflected in our continuing exploration of this frontier. 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. 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. I mean, this is not your-- this is not you putting 10 or 15 charging stalls. The rest of Pilot's management team will stay in place. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Copyright 2023 Nexstar Media Inc. All rights reserved. Pilot supplies more than 11 billion gallons of. Berkshire Hathaway owns a large stake in the company and is expected to increase its ownership to 80% by 2023. AKIKO FUJITA: Shameek, let's talk about the bulk of your current business. The model wont work for every business and may only be viable for companies able to adapt to a new way of working. 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. Fitchette is US Army veteran and a graduate of California State University, Chico. 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. Youve gone from two minutes to fuel a car to 40 minutes or 30 minutes to charge your car. 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. Pilot Flying J is part of the Convenience Stores, Gas Stations & Liquor Stores industry, and located in Tennessee, United States. The transition will take place over the rest of 2020, with leadership roles shifting on Jan. 1. The rest of Pilots leadership team will remain in place. 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. By providing your email, you agree to our. FedEx CEO Fred Smith, meanwhile, touted longer truck trailers as a climate strategy. 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. We're hiring experienced account executives. Previous studies that attempt to relate environmental to financial performance have often led to conflicting results due to small samples and subjective environmental performance criteria. 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. We are super excited about this. 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. And the FAA is playing it cool. 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. 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. The cutbacks to DEF production would be catastrophic. Musks TeslaMaster Plan Lacks Drive. The railroad company has asked that Pilot cut their rail shipments in half. When typing in this field, a list of search results will appear and be automatically updated as you type. As CEO, store operations and development will be added to Konars role in 2021. The railroad company has asked that Pilot cut their rail shipments in half. In January, Parent will become senior advisor to the CEO and the chairman, providing guidance on strategy and key priorities for the company. Pilot Company is currently ranked No. During the pandemic, healthcare took a turn toward digital. 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. Use Forbes logos and quotes in your marketing. When joining the Pilot family, I was immediately drawn to the strong culture that Jimmy and the entire Haslam family created. But our transaction is not contingent on government funding. 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. And then, what do you hope to gain out of it, in terms of things that could boost your bottom line? 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. About Pilot Company 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. All newer diesel vehicles also must have this technology, including pickups and cars. Konar also urged the committee to improve policies that incentivize liquid renewable fuels such as biodiesel, renewable diesel and ethanol. 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 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. 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. That . Shameek Konar CEO Pilot Company 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. Pilot Testifies on Behalf of NATSO for House Committee Hearing on Business Solutions to Climate Change. But a lot of what was expected coming from Build Back Better is no longer, at least right now. Konar encouraged lawmakers to structure and implement policies that encourage utilities and fuel retailers to focus where each is most productive. How much of that's actually been secured already? 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Other family members will be involved as well including former Tennessee Gov. Cision Distribution 888-776-0942 The company supplies more than 14 billion gallons of fuel per year and also provides DEF, bio and renewables to the market. When buying cowboy boots, there are a few aspects to consider, such as how far up they go on your legs and their design. 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. In January, Parent will become a senior advisor to the CEO and the chairman, providing guidance on strategy and key priorities for the company. And you'll have food. FedEx Chair and CEO Fred Smith pushed for lifting the ban on 33-foot truck trailers, saying that the nearly 40-year-old 28-foot limit is both outdated and environmentally unsound. BRIAN CHEUNG: Shameek Konar, CEO of the Pilot Company, thanks so much for stopping by this morning. It allegedly presents an unacceptable cancer risk to the nearby community. 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. As markets change, and as opportunities change, we have to change, right? Shameek Konar serves as Pilot Company's chief executive officer. Shameek Konar will be the fourth CEO of Pilot Company. If you dont innovate, you die, Konar told the newspaper. We need to keep that in mind. Informa Markets, a trading division of Informa PLC. Media Contacts: Edelman Mike Geller +1 (212) 729-2163 [emailprotected], SOURCE Castleton Commodities International LLC, Cision Distribution 888-776-0942 Su was central to negotiations between labor and freight rail companies late last year. in April it neededto ease traffic jams in the supply chain and would begin metering deliveries if customers didn't voluntarily reduce inventory. It reportedly paid $2.76 billion for a 38.6% share of Pilot in 2017. Shameek Konar has been associated with eight companies, according to public records. Representing NATSO was Pilot Company CEO Shameek Konar. This includes knowledge filled blog posts, articles and publications. And we've been looking to try and find companies to partner with, and we've been working on this for almost a year and a half at this point, with GM and EVgo, to put together what would be a sensible way to basically provide safe, reliable charging, and a solution to range anxiety. 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. 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. 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. A 10% reduction in emissions of toxic chemicals results in a $34 million increase in market value. The average "intangible liability" for firms in our sample is $380 million-approximately 9% of the replacement value of tangible assets. Shameek Konar Chief Executive Officer Shameek Konar serves as Pilot Company's chief executive officer. 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. Taking the steps to overcome the shortage of skilled cybersecurity personnel is critical for any organization operating in the technology environment. This is a pretty big project here. Earlier in his career, he was a senior energy market consultant at Accenture, PA Consulting and Putnam, Hayes & Bartlett. All rights reserved. Jimmy Haslam's tenure as CEO of the family operated Pilot Co. will come to an end with the arrival of 2021. The switch is already happening and will continue for the . So they're a forward-thinking company that is trying to solve this problem. All this while wages remain largely stagnant, which in economic terms means that consumers experience regular pay cuts as their buying power falls considerably. Heres How Soon Self-Flying Planes Will Take Off. The transition of Konar to the role of CEO will continue over the next six months. James (Jim) Haslam, who started the company in 1968 as single gas station, will remain involved in the company as well as chairman emeritus. Talk to me about how this partnership came about. 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. SHAMEEK KONAR: No, that's a great question. Pilot has a compelling growth strategy in place and a bright future ahead. With that move . The Knoxville-base truck stop chain announced Tuesday that Haslam will . Check Background Get Contact Info This Is Me - Edit. "OF the 300 million gallons of DEF that Pilot supplies to the industry every year, 74% is moved by rail," Konar said. 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. He has a degree in Economics and Mathematics from St. Stephens College in India and a PhD in Economics and Finance from Vanderbilt University. With $180 million in sales last year, Whisker aims to get stinking rich from the business of kitties doing their business. So for example, EVgo's got a great lab, where they test out a number of different chargers, and try to improve the product. This item is part of a JSTOR Collection. Pilot Company is one of the leading suppliers of fuel and the largest operator of travel centers in North America. 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