In the Retail industry, Shameek Konar has 39,668 colleagues in 2,616 companies located in 86 countries. The House Transportation and Infrastructure Committee on March 17 held a four-hour hearing on business solutions to climate change. Because there aren't enough EVs out in the market at this point in time. Mr. Konar holds a Ph.D. in Economics and Finance from Vanderbilt University and a B.A in Economics and Mathematics from St. Stephen's College in India. But our transaction is not contingent on government funding. As markets change, and as opportunities change, we have to change, right? And I think it helps us with EV adoption going forward. All newer diesel vehicles also must have this technology, including pickups and cars. FedEx CEO Fred Smith, meanwhile, touted longer truck trailers as a climate strategy. Why do you want to take on these costs? With the investment, more than 265 jobs will be retained across all three plants. Shameek has successfully launched and grown our Pilot Energy business and become a key member of our leadership team. After controlling for variables traditionally thought to explain firm-level financial performance, we find that bad environmental performance is negatively correlated with the intangible asset value of firms. With $180 million in sales last year, Whisker aims to get stinking rich from the business of kitties doing their business. Piloting planes has never been an easy job, and leading a company has not been either. Headquartered in Knoxville, Tennessee, Pilot Company is the 10th largest privately held company in the United States and employs 28,000 team members. Use Forbes logos and quotes in your marketing. 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. 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. 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 we are going to size the number of chargers we put in these locations based on demand. 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. Youve gone from two minutes to fuel a car to 40 minutes or 30 minutes to charge your car. 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. 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. Konar, 50, has been at Pilot since 2017 and said he plans to continue with a growth mindset. Pilot Company keeps North Americas drivers moving as one of the leading suppliers of fuel and the largest operator of travel centers. Subscribe to receive the latest information. Pilot Flying J is part of the Convenience Stores, Gas Stations & Liquor Stores industry, and located in Tennessee, United States. The automaker is planning for $2 billion in cost savings over the next two years. He has a degree in Economics and Mathematics from St. Stephens College in India and a PhD in Economics and Finance from Vanderbilt University. See Shameek Konar's compensation, career history, education, & memberships. 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. The transition of Konar to the role of CEO will continue over the next six months. 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. Before Mercuria, Mr. Konar was Managing Director and Global Co-Head of Commodities Principal Investments at Goldman Sachs. That urea-based liquid is required in all diesel engines manufactured after 2010. 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. That . 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 . 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. His journalistic experience includes local daily and weekly newspapers, where he was recognized early in his career as an award-winning news photographer. Shameek's personal network of family, friends, associates & neighbors include Gary Mercer, Mark Worscheh, Edward Bracewell, Hannah Worscheh and Elaine Bracewell. 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. SHAMEEK KONAR: You know, EVgo's got a great leadership team that has been focused on trying to innovate in the charging space. Pilot Company remains family owned and operated with Shameek Konar as CEO since 2021. 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. The Press's enthusiasm for innovation is reflected in our continuing exploration of this frontier. A prototype print can be complete with all the detailed specifications for the part yet fail to communicate a very critical piece of information. Musks TeslaMaster Plan Lacks Drive. Jimmy Haslams daughter, Whitney Haslam Johnson, will continue to be chief experience officer and a member of the board, and former Tennessee Gov. We need to keep that in mind. Hints and clues to help you with today's Wordle. Taking into account various assets, Shameek's net worth is greater than $499,999; and makes between $150 - 174,999 a year. So for example, EVgo's got a great lab, where they test out a number of different chargers, and try to improve the product. 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. 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. For all alerts and more info please 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. 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. The company is moving closer to closing the factory. 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. His knowledge of the energy sector, including expertise in the acquisition, development and operations of infrastructure assets and resources, and his deep appreciation of Pilot's culture and values are a few of the reasons why we chose him to be our next CEO. I mean, this is not your-- this is not you putting 10 or 15 charging stalls. It brings a new kind of class of customer to our locations. The National Read Across America Day takes place every year on March 2, Geisels birthday. Such approaches, he testified, undermine the business case for all fuel retailers nationwide to invest in EV charging infrastructure. 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. 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 rights reserved. Konar is currently Pilot's chief strategy officer. When joining the Pilot family, I was immediately drawn to the strong culture that Jimmy and the entire Haslam family created. 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? 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." The House Transportation and Infrastructure Committee on March 17 held a four-hour hearing on business solutions to climate change. He did not push for an increase in truck weight limits. 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Berkshire Hathaway owns a large stake in the company and is expected to increase its ownership to 80% by 2023. Headquartered in Knoxville, Tennessee, Pilot Company is the 7 th largest privately held company in the United States and employs 28,000 team members. By providing your email, you agree to our. And the answer would be no, absolutely not. We have full confidence that Shameek will continue to grow the legacy of our family's business.". The companies were formed over a twenty year period with the most recent being incorporated one year ago in May of 2021. CEO Jimmy Haslam named chairman; Chief Strategy Officer Shameek Konar named CEO. There's about-- there are four of them, which are kind of the larger ChargePoint providers. . 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. A railway's request would cut tens of millions of truck miles just as driver shortages persist and truck availability is already tight. For one company, it was an opportunity to transform the way clinical trials are conducted, without sacrificing scientific rigor. Other family members will be involved as well including former Tennessee Gov. , spent much of his journalism career covering agriculture in California and the western United States. Pilots had a long history of innovating as markets changed and looking for the opportunity.. We are super excited about this. Private companies dont always get the attention they deserve compared to their public peers, but this year was different. Representing NATSO was Pilot Company CEO Shameek Konar. We talk to all of them in the space, as you can imagine, right? 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 show examines all aspects of the legal profession, from intellectual property to criminal law, from bankruptcy to securities law, drawing on the deep research tools of BloombergLaw.com and BloombergBNA.com. 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. Konar is currently Pilots chief strategy officer. 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. 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. 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. Jul 22, 2020. Shameek Konar will be the fourth CEO of Pilot Company. Shameek Konar serves as Pilot Company's chief executive officer. Renowned financier, Co-Founder of The Carlyle Group, and philanthropist David Rubenstein provides unparalleled access to the world's most successful investors. 445 S. Gay Street, Suite 305Knoxville, Tennessee 37902P: 865-544-0088 | F: 865-544-1865. How is that distributed among the partners here? The way we can do this is to get some support from the federal government.. Visit Pilot Company Listen to more FreightWaves Podcasts Subscribe on Apple Podcasts He has a degree in Economics and Mathematics from St. Stephens College in India and a PhD in Economics and Finance from Vanderbilt University. 2001 The MIT Press Consumers see it every time they fill up their car and purchase groceries. Pilot Company is currently ranked No. Copyright 2023. 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 company's chief strategy officer, as CEO at that time. 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. The magnitude of these effects varies across industries, with larger losses accruing to the traditionally polluting industries. When buying cowboy boots, there are a few aspects to consider, such as how far up they go on your legs and their design. About Pilot Company Pilot Company remains family owned and operated with Shameek Konar as CEO since 2021. 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. 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. Konar further . 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. 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. Related by Industry: Convenience Stores & Gas Stations. Moreover, Konar predicts that diesel prices, already above $6 per gallon is many places, would go even higher. 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. The family-owned Pilot Co. gets its first outside CEO in January when Shameek Konar succeeds Jimmy Haslam in operating the nation's largest network of travel plazas and truck stops. In January, Parent will become a senior advisor to the CEO and the chairman, providing guidance on strategy and key priorities for the company. 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. 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. UPDATE 1-China's job market better than expected in Jan-Feb: minister, US approves selling Taiwan munitions worth $619 million, Japan's parliament to vote on BOJ nominees next week, Indonesia's stock market loses its sheen as China reopens, Asian Equities Swing Lower, Led by China Tech: Markets Wrap. CEO Jimmy Haslam will transition to the fuel company's chairman of the board role beginning Jan. 1. 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. Diesel-powered tractors also require DEF. But at this point, we have not secured government funding. 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. Headquartered in Knoxville, Tennessee, Pilot Company is the 7th largest privately held company in the United States and employs 28,000 team members. Konar said the same approach will work with respect to EV charging infrastructure. 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. BRIAN CHEUNG: Shameek, it's Brian Cheung here. Tesla Wants $330M in Additional Nevada Tax Breaks. As CEO, store operations and development will be added to Konars role in 2021. Shameek Konar Chief Executive Officer Shameek Konar serves as Pilot Company's chief executive officer. Find out the challenges and triumphs of leading an energy, data and hospitality-obsessed company that is striving to put the driver first. The railroad company has asked that Pilot cut their rail shipments in half. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Copyright 2023 Nexstar Media Inc. All rights reserved. Konar also urged the committee to improve policies that incentivize liquid renewable fuels such as biodiesel, renewable diesel and ethanol. This material may not be published, broadcast, rewritten, or redistributed. Pilot supplies more than 11 billion gallons of. With that move, current CEO Jimmy Haslam, son of founder James (Jim) Haslam, will become chairman of the board. So our hope is not to change customer behavior. 20,241 executive movements have been recorded in the last 12 months. The privately held travel center giant announced Tuesday that Chief Strategy Officer Shameek Konar has been tapped to become the new CEO. And public-private partnerships like this would be the way for us to move forward. AKIKO FUJITA: Shameek, let's talk about the bulk of your current business. It's good to talk to you today. And what are you seeing in terms of customer flows? 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. For additional information about Pilot Company and its commitment to team members and giving back, visit www.pilotcompany.com. Representing NATSO was Pilot Company CEO Shameek Konar. Pilot Company is one of the leading suppliers of fuel and the largest operator of travel centers in North America. Taking the steps to overcome the shortage of skilled cybersecurity personnel is critical for any organization operating in the technology environment. Shameek Konar offered this testimony to the Surface Transportation Board on April 27, 2022 - referring specifically to diesel exhaust fluid. 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. 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. Lawmakers hope to overcome partisan divisions and address a "generational challenge" to America's national security. For additional photo and video assets, please visit this link. 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. 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. Pilot unions are preparing for battle. 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. So I think people are being way more cautious about the amount of money they're spending, and it is impacting our sales. The Four-Day Workweek Pilot Worked. 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. It reportedly paid $2.76 billion for a 38.6% share of Pilot in 2017. We do not have any of the money secured at this point. Shameek Konar has been associated with eight companies, according to public records. Nation's largest fuel retailer announces new . The rest of Pilots management team will stay in place. Jimmy Haslam and his wife, Dee, also own the Cleveland Browns football team, which they bought in 2012 for $1.05 billion. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. I mean, how much does that cost a company to do that, right? Pilot receives about 45% of the raw materials used to make DEF by UP rail. The company supplies more than 14 billion gallons of fuel per year and also provides DEF, bio and renewables to the market. 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. For one company, it was an opportunity to transform the way clinical trials conducted... Approaches, he testified, undermine the business of kitties doing their business. `` for additional photo video! Want to take on these costs transition of Konar to the strong culture that and... 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