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. How much of that's actually been secured already? Other family members will be involved as well including former Tennessee Gov. SHAMEEK KONAR: You know, EVgo's got a great leadership team that has been focused on trying to innovate in the charging space. Edited at Harvard University's Kennedy School of Government, The Review has published some of the most important articles in empirical economics. Diesel-powered tractors also require DEF. All Rights Reserved. , spent much of his journalism career covering agriculture in California and the western United States. Konar will be the fourth CEO at the Tennessee-based company that operates 950 retail and fuel locations across North America, theKnoxville News Sentinelreported. Talk to me about how this partnership came about. The Review of Economics and Statistics The Press's enthusiasm for innovation is reflected in our continuing exploration of this frontier. And then, what do you hope to gain out of it, in terms of things that could boost your bottom line? Jimmy Haslam's father, Pilot founder Jim Haslam, will move from chairman to chairman emeritus. "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. Subscribe to updates and stay connected on the latest news from NATSO. The rest of Pilot's management team will stay in place. 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. 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. Use Forbes logos and quotes in your marketing. It reportedly paid $2.76 billion for a 38.6% share of Pilot in 2017. But it's too early to write off Klarna. During the pandemic, healthcare took a turn toward digital. Konar further . The switch is already happening and will continue for the . GM Making Some Performance-Related Job Cuts. But we would require, or we would benefit from government funding, because like I said, the economics will be difficult in the beginning. 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. 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. Pilots had a long history of innovating as markets changed and looking for the opportunity.. 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. Shameek Konar Chief Executive Officer Shameek Konar serves as Pilot Company's chief executive officer. You're going to stop to charge your car at the same location. A potential embargo by Union Pacific of the company that owns Pilot and Flying J truck stops could be catastrophic to an already troubled supply chain, according to that company's chief executive. 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. Pilot Testifies on Behalf of NATSO for House Committee Hearing on Business Solutions to Climate Change. Pilot Company is one of the leading suppliers of fuel and the largest operator of travel centers in North America. About 10 years ago biodiesel and biofuels were not [economically viable] and available in the market and our customers didnt want it, Konar said. Pilot Company remains family owned and operated with Shameek Konar as CEO since 2021. 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. All rights reserved. 10 on Forbes' list of America's Largest Private Companies. And you know, we finally got it done. See Shameek Konar's compensation, career history, education, & memberships. The House Transportation and Infrastructure Committee on March 17 held a four-hour hearing on business solutions to climate change. It also generated $1 billion in losses last year. From time to time, The Review also publishes collections of papers or symposia devoted to a single topic of methodological or empirical interest. The automaker is planning for $2 billion in cost savings over the next two years. Musks TeslaMaster Plan Lacks Drive. Chatbots that arent tested and trained continuously are destined for failure, and customers will be the ones to suffer from chatbot incompetence. Now, the question really becomes, do we treat a Pilot in the middle of Texas the same as a Pilot in the LA market? Private companies dont always get the attention they deserve compared to their public peers, but this year was different. Consumers see it every time they fill up their car and purchase groceries. SHAMEEK KONAR: You know, we've been-- at Pilot, we have this incredible network, where we can actually help solve range anxiety. 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. Konar asked the committee to consider the EV charging experience for customers as they transition to electric vehicles. Learn more about . Konar, 50, has been at Pilot since 2017 and said he plans to continue with a growth mindset. Pilot Flying J Location 5508 Lonas Dr, Knoxville, Tennessee, 37909, United States Description Industry 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. This is untenable for trucking and the U.S. economy. It's a step forward in an effort to satisfy a vast demand for lithium for electric vehicle batteries. Since the late 1960s, we have experimented with generation after generation of electronic publishing tools. Konar said the same approach will work with respect to EV charging infrastructure. If you are stuck for 40 minutes in some place and it does not have a lot of amenities, it will be challenging.. Piloting planes has never been an easy job, and leading a company has not been either. 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.". AKIKO FUJITA: Yeah, Pilot's certainly a very familiar sight for those who are out on road trips. "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. 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. 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. As CEO, store operations and development will be added to Konars role in 2021. The One9 Fuel Network provides fleets and professional drivers with more places to stop at a variety of fueling locations. But our transaction is not contingent on government funding. Request Permissions. Everyday Robots took a fairly novel approach to building an army of cleaning robots. 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. And a Car. Representing NATSO was Pilot Company CEO Shameek Konar. Photoacoustic imaging equipment on wheels is helping to advance groundbreaking medical research. Shameek Konar is Former Chief Invsmt Ofcr/Global Head:Business Dev at Castleton Commodities Merchant TD LP. Shameek Konar is about take an unprecedented step at Pilot Company as he assumes the role of CEO in January. 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 One9 Fuel Network provides fleets and professional drivers with more places to stop at a variety of fueling locations. Chief Strategy Officer Shameek Konar will become the fourth CEO of Pilot, ranked No. And that means higher airfares are coming. Headquartered in Knoxville, Tennessee, Pilot Company is the 10th largest privately held company in the United States and employs 28,000 team members. 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. When joining the Pilot family, I was immediately drawn to the strong culture that Jimmy and the entire Haslam family created. A prototype print can be complete with all the detailed specifications for the part yet fail to communicate a very critical piece of information. 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. This item is part of a JSTOR Collection. Jim Haslam founded the company in 1958 and his son, Jimmy Haslam, is currently Chairman after 25 years serving as CEO. He has a degree in Economics and Mathematics from St. Stephens College in India and a PhD in Economics and Finance from Vanderbilt University. But a lot of what was expected coming from Build Back Better is no longer, at least right now. He also led Mercuria's acquisition of the J.P. Morgan physical commodities platform last year. This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Cision Distribution 888-776-0942 The cutbacks to DEF production would be catastrophic. Such approaches, he testified, undermine the business case for all fuel retailers nationwide to invest in EV charging infrastructure. Earlier in his career, he was a senior energy market consultant at Accenture, PA Consulting and Putnam, Hayes & Bartlett. Tesla Wants $330M in Additional Nevada Tax Breaks. When joining the Pilot family, I was immediately drawn to the strong culture that Jimmy and the entire Haslam family created. That urea-based liquid is required in all diesel engines manufactured after 2010. Pilot receives about 45% of the raw materials used to make DEF by UP rail. Subscribe to receive top agriculture news, Be informed daily with these free e-newsletters. 2001 The MIT Press And you'll have food. Why specifically that company? 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. Jimmy Haslam's tenure as CEO of the family operated Pilot Co. will come to an end with the arrival of 2021. 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. UP trains deliver raw product to Pilot's 23 rail-served facilities, which it converts to a finished product before delivering by truck to retail locations. 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. 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. 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With $180 million in sales last year, Whisker aims to get stinking rich from the business of kitties doing their business. When typing in this field, a list of search results will appear and be automatically updated as you type. Effective immediately, Konar will take on additional responsibilities, including the management of technology, HR, finance and legal. 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.. 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. Pilot Company is currently ranked No. When typing in this field, a list of search results will appear and be automatically updated as you type. In one-on-one interviews, Rubenstein will learn investing strategies and tactics from some of the world's top wealth creators. Corn, soybeans bounce back after Tuesdays severe slump, Calf prices strengthen, cattle herd shrinking. Pilot Company remains family owned and operated with Shameek Konar as CEO since 2021. For one company, it was an opportunity to transform the way clinical trials are conducted, without sacrificing scientific rigor. 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. Because there aren't enough EVs out in the market at this point in time. 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. 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. He says the company has committed to building a plant in Monterrey. 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 transition of Konar to the role of CEO will continue over the next six months. . The privately held travel center giant announced Tuesday that Chief Strategy Officer Shameek Konar has been tapped to become the new CEO. But over time, we fully feel like this will be a great new set of customers who are going to come to our locations. We have spoken to both the DOT and the White House, and we are working with the various states to put in grant applications. Bill Haslam and Whitney Haslam Johnson. 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. Shameek Konar will be the fourth CEO of Pilot Company. 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. BRIAN CHEUNG: Shameek Konar, CEO of the Pilot Company, thanks so much for stopping by this morning. 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. All rights reserved. Bill Haslam will serve on the board. 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. Much of Konar's testimony, and questions from the panel, centered on the availability of diesel exhaust fluid, or DEF. Autonomous flight is coming to civil aviation sooner than anyone thinks, and it may prove to be a surprising boon for flyover country. 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. Headquartered in Knoxville, Tennessee, Pilot Company is the 10th largest privately held company in the United States and employs 28,000 team members. Why do you want to take on these costs? About Pilot Company 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. 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. The Haslams weren't charged with wrongdoing. 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. Parent has helped the company achieve significant growth through the development of successful systems and processes, as well as building an outstanding leadership team. With that move . 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. 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 . "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. We do not have any of the money secured at this point. SHAMEEK KONAR: Great questions. 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. Be Prepared to Brief Your Prototype Aluminum Casting Supplier. We have full confidence that Shameek will continue to grow the legacy of our family's business.". Both Haslams will remain active in the company and on the board. 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.
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