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The Press's enthusiasm for innovation is reflected in our continuing exploration of this frontier. 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. This policy structure resulted in a vibrant market for biofuels because the private sector responded to policy signals and incentives and made the investments necessary to bring new fuels to market. It brings a new kind of class of customer to our locations. If you are stuck for 40 minutes in some place and it does not have a lot of amenities, it will be challenging.. 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. The Knoxville-base truck stop chain announced Tuesday that Haslam will . Shameek Konar serves as Pilot Company's chief executive officer. 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. The House Transportation and Infrastructure Committee on March 17 held a four-hour hearing on business solutions to climate change. 2023 Forbes Media LLC. We're hiring experienced account executives. 10 on Forbes' list of largest private American companies. 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. Representing NATSO was Pilot Company CEO Shameek Konar. Use Forbes logos and quotes in your marketing. Talk to me about how this partnership came about. 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. Chief Strategy Officer Shameek Konar will become the fourth CEO of Pilot, ranked No. 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. And the FAA is playing it cool. Other family members will be involved as well including former Tennessee Gov. The privately held travel center giant announced Tuesday that Chief Strategy Officer Shameek Konar has been tapped to become the new CEO. The rest of Pilot's management team will stay in place. See Shameek Konar's compensation, career history, education, & memberships. His journalistic experience includes local daily and weekly newspapers, where he was recognized early in his career as an award-winning news photographer. The railroad company has asked that Pilot cut their rail shipments in half. The automaker is planning for $2 billion in cost savings over the next two years. This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. We have spoken to both the DOT and the White House, and we are working with the various states to put in grant applications. Pilot Company, headquartered in Knoxville, is ranked No. 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.. Jim Haslam founded the company in 1958 and his son, Jimmy Haslam, is currently Chairman after 25 years serving as CEO. The average "intangible liability" for firms in our sample is $380 million-approximately 9% of the replacement value of tangible assets. When typing in this field, a list of search results will appear and be automatically updated as you type. All rights reserved. The biggest impediment to the adoption of electric vehicles remains the lack of a nationwide network of fueling stations, Konar 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. 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. 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. 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. It's good to talk to you today. And that means higher airfares are coming. And public-private partnerships like this would be the way for us to move forward. Shameek Konar will be the fourth CEO of Pilot Company. 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. 10 on Forbes' list of America's Largest Private Companies. 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 Konar, Pilot Corp: Profile and Biography - Bloomberg Markets Subscribe Live Now Bloomberg TV+ Bloomberg Surveillance: Early Edition Bloomberg Surveillance: Early Edition with Anna. And as you know, range anxiety is probably one of the biggest challenges we have on EV adoption. The aircraft are already here. "OF the 300 million gallons of DEF that Pilot supplies to the industry every year, 74% is moved by rail," Konar said. 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. I mean, how much does that cost a company to do that, right? 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. Konar cautioned that policies which allow electric vehicle charging stations at rest areas or permit utility companies to increase rates to all ratepayers to offset their consumer-facing EV charging station investments will discourage the private sector from investing in electric vehicle charging. KNOXVILLE, Tenn., July 21, 2020 /PRNewswire/ --Pilot Company, the leading supplier of fuel and the largest operator of travel centers in North America, announced today that CEO Jimmy Haslam will become chairman of the board on January 1, 2021, and has named Shameek Konar, the company's chief strategy officer, as CEO at that time. 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 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. CEO Jimmy Haslam named chairman; Chief Strategy Officer Shameek Konar named CEO. Pilot Company keeps North Americas drivers moving as one of the leading suppliers of fuel and the largest operator of travel centers. 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 transition of Konar to the role of CEO will continue over the next six months. 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. This is a pretty big project here. Shameek Konar Chief Executive Officer Shameek Konar serves as Pilot Company's chief executive officer. Google Shuts Down Trash-Sorting Robot Division. FedEx CEO Fred Smith, meanwhile, touted longer truck trailers as a climate strategy. Shameek Konar will be the fourth CEO of Pilot Company, a company that operates 950 retail and fuel locations across North America, sources reported. Bloomberg Law speaks with prominent attorneys and legal scholars, analyzing major legal issues and cases in the news. 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. When joining the Pilot family, I was immediately drawn to the strong culture that Jimmy and the entire Haslam family created. Now, the question really becomes, do we treat a Pilot in the middle of Texas the same as a Pilot in the LA market? All Rights Reserved. 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 model wont work for every business and may only be viable for companies able to adapt to a new way of working. A 10% reduction in emissions of toxic chemicals results in a $34 million increase in market value. Consumers see it every time they fill up their car and purchase groceries. The railroad company has asked that Pilot cut their rail shipments in half. About Pilot Company 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. Fitchette is US Army veteran and a graduate of California State University, Chico. You're going to stop to charge your car at the same location. He also led Mercuria's acquisition of the J.P. Morgan physical commodities platform last year. Visit Pilot Company Listen to more FreightWaves Podcasts Subscribe on Apple Podcasts We do not have any of the money secured at this point. He has a degree in Economics and Mathematics from St. Stephens College in India and a PhD in Economics and Finance from Vanderbilt University. The switch is already happening and will continue for the . What Could Elon Musk Possibly Be Thinking? 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 has a compelling growth strategy in place and a bright future ahead. 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. from 8 AM - 9 PM ET. 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. Moxley Carmichael. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. The 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 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. We are able and willing to do that but today the economics are very challenging for us to invest and do that effectively. It also generated $1 billion in losses last year. The magnitude of these effects varies across industries, with larger losses accruing to the traditionally polluting industries. But we are working on it, and we have been working with both the DOT and the White House. 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. Certainly a lot of excitement when that announcement first came down. The fluid reduces nitrous oxide emissions in diesel vehicles. The Netherlands plans to launch a pilot program to experiment with the legal sale of cannabis by the end of this year. His journalistic experience includes local daily and weekly newspapers, where he was recognized early in his career as an award-winning news photographer. Not only would prices go up for DEF, which is now the highest it's ever been at nearly $4 per gallon. 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. Konar, 50, has been at Pilot since 2017 and said he plans to continue with a growth mindset. 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. 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. Find out the challenges and triumphs of leading an energy, data and hospitality-obsessed company that is striving to put the driver first. He says the company has committed to building a plant in Monterrey. 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. CEO Jimmy Haslam will transition to the fuel company's chairman of the board role beginning Jan. 1. But at this point, we have not secured government funding. This material may not be published, broadcast, rewritten, or redistributed. How is that distributed among the partners here? If you use a windshield cover, you can at least forget about scrapping the ice off your windshield to save some time and hassle. The transition will take place over the rest of 2020, with leadership roles shifting on Jan. 1. Piloting planes has never been an easy job, and leading a company has not been either. Pilot supplies more than 11 billion gallons of. Jul 22, 2020. 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. The company supplies more than 14 billion gallons of fuel per year and also provides DEF, bio and renewables to the market. If you can keep people more engaged and give them more things they can dolike at our travel centers or at retail stops, where you can eat, you can shower, you can do other things, he said. It's a step forward in an effort to satisfy a vast demand for lithium for electric vehicle batteries. Private companies dont always get the attention they deserve compared to their public peers, but this year was different. The National Read Across America Day takes place every year on March 2, Geisels birthday. Jimmy Haslams daughter, Whitney Haslam Johnson, will continue to be chief experience officer and a member of the board, and former Tennessee Gov. 445 S. Gay Street, Suite 305Knoxville, Tennessee 37902P: 865-544-0088 | F: 865-544-1865. 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. With $180 million in sales last year, Whisker aims to get stinking rich from the business of kitties doing their business. A prototype print can be complete with all the detailed specifications for the part yet fail to communicate a very critical piece of information. Konar is currently Pilots chief strategy officer. Taking the steps to overcome the shortage of skilled cybersecurity personnel is critical for any organization operating in the technology environment. 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. The One9 Fuel Network provides fleets and professional drivers with more places to stop at a variety of fueling locations. 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. 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. When joining the Pilot family, I was immediately drawn to the strong culture that Jimmy and the entire Haslam family created. 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. All rights reserved. "We're not aware of any other company being instructed by the Union Pacific or any other railroad to reduce their shipments to the extent they're asking," Konar testified. For additional information about Pilot Company and its commitment to team members and giving back, visit www.pilotcompany.com. Shameek Konar CEO Pilot Company Shameek Konar serves as Pilot Company's chief executive officer. 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. SHAMEEK KONAR: You know, we've been-- at Pilot, we have this incredible network, where we can actually help solve range anxiety. Headquartered in Knoxville, Tennessee, Pilot Company is the 7 th largest privately held company in the United States and employs 28,000 team members. Meanwhile, the number of U.S. oil refineries has fallen from 301 in 1982, to 124 in 2021 and more are being shuttered as we speak. Informa Markets, a trading division of Informa PLC. For all alerts and more info please 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. By providing your email, you agree to our. Chatbots that arent tested and trained continuously are destined for failure, and customers will be the ones to suffer from chatbot incompetence. Headquartered in Knoxville, Tennessee, Pilot Company is the 7th largest privately held company in the United States and employs 28,000 team members. And renewables to the fuel Company & # x27 ; s chief executive.! The Netherlands plans to continue with a growth mindset been working with both the DOT and largest! Of search results will appear and be automatically updated as you know, range anxiety is probably of. 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