The company supplies more than 14 billion gallons of fuel per year and also provides DEF, bio and renewables to 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 company's chief strategy officer, as CEO at that time. 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. Autonomous flight is coming to civil aviation sooner than anyone thinks, and it may prove to be a surprising boon for flyover country. 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. 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. 10 on Forbes' list of largest private American companies. Everyday Robots took a fairly novel approach to building an army of cleaning robots. If you are stuck for 40 minutes in some place and it does not have a lot of amenities, it will be challenging.. Lawmakers hope to overcome partisan divisions and address a "generational challenge" to America's national security. This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Trucks fill up at a truck stop in Northern California. 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. AKIKO FUJITA: Yeah, Pilot's certainly a very familiar sight for those who are out on road trips. Pilot Company remains family owned and operated with Shameek Konar as CEO since 2021. Much of Konar's testimony, and questions from the panel, centered on the availability of diesel exhaust fluid, or DEF. Shameek Konar will become chief executive officer of Knoxville-based Pilot Company beginning in 2021, the company said Tuesday. The privately held travel center giant announced Tuesday that Chief Strategy Officer Shameek Konar has been tapped to become the new CEO. Shameek Konar CEO Pilot Company Shameek Konar serves as Pilot Company's chief executive officer. For all alerts and more info please It reportedly paid $2.76 billion for a 38.6% share of Pilot in 2017. 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. We have seen gas demand definitely retreat from 2021 levels. Shameek Konar Chief Executive Officer Shameek Konar serves as Pilot Company's chief executive officer. 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. Shameek Konar is Former Chief Invsmt Ofcr/Global Head:Business Dev at Castleton Commodities Merchant TD LP. 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. Headquartered in Knoxville, Tennessee, Pilot Company is the 10th largest privately held company in the United States and employs 28,000 team members. Pilot Testifies on Behalf of NATSO for House Committee Hearing on Business Solutions to Climate Change. 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. BRIAN CHEUNG: Shameek, why EVgo? Have a great weekend. Private companies dont always get the attention they deserve compared to their public peers, but this year was different. Konar asked the committee to consider the EV charging experience for customers as they transition to electric vehicles. 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. Why specifically that company? He did not push for an increase in truck weight limits. So for example, EVgo's got a great lab, where they test out a number of different chargers, and try to improve the product. 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. This includes knowledge filled blog posts, articles and publications. 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. The biggest impediment to the adoption of electric vehicles remains the lack of a nationwide network of fueling stations, Konar said. James (Jim) Haslam, who started the company in 1968 as single gas station, will remain involved in the company as well as chairman emeritus. Shameek Konar serves as Pilot Company's chief executive officer. Photoacoustic imaging equipment on wheels is helping to advance groundbreaking medical research. Shameek's personal network of family, friends, associates & neighbors include Gary Mercer, Mark Worscheh, Edward Bracewell, Hannah Worscheh and Elaine Bracewell. In your announcement, you mentioned government grants, incentives, included in the cost, the overall cost. 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. "OF the 300 million gallons of DEF that Pilot supplies to the industry every year, 74% is moved by rail," Konar said. I'm curious how that has affected your business. The cutbacks to DEF production would be catastrophic. 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. Check Background Get Contact Info This Is Me - Edit. A railway's request would cut tens of millions of truck miles just as driver shortages persist and truck availability is already tight. BRIAN CHEUNG: Shameek, it's Brian Cheung here. "Shameek has successfully launched and grown our Pilot Energy business and become a key member of our leadership team. 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. The National Read Across America Day takes place every year on March 2, Geisels birthday. 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. As CEO, store operations and development will be added to Konar's role in 2021. SHAMEEK KONAR: No, all great questions, Brian. 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. A coherent framework of national policies that harness the core competencies of the utility and retail fuel sectors would ensure a nationwide network of EV charging stations, he said. For additional information about Pilot Company and its commitment to team members and giving back, visitwww.pilotcompany.com. /PRNewswire/ -- Castleton Commodities International LLC ("CCI" or the "Company") today announced the hiring of Shameek Konar as Chief Investment Officer and. The automaker is planning for $2 billion in cost savings over the next two years. In January, Parent will become senior advisor to the CEO and the chairman, providing guidance on strategy and key priorities for the company. 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%. Avoid making these seven mistakes to craft a stronger, more resilient retail strategy for your product business. We need to keep that in mind. Jimmy Haslam's tenure as CEO of the family operated Pilot Co. will come to an end with the arrival of 2021. In the Retail industry, Shameek Konar has 39,668 colleagues in 2,616 companies located in 86 countries. We have full confidence that Shameek will continue to grow the legacy of our family's business.". 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. Copyright 2023. "When joining the Pilot family, I was immediately drawn to the strong culture that Jimmy and the entire Haslam family created. Konar joined Pilot in 2017 to grow its energy business. 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. The One9 Fuel Network provides fleets and professional drivers with more places to stop at a variety of fueling locations. Konar will ease into the new role over the next six months. 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. 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. 10 on Forbes list of Americas largest private companies. And definitely, we're still way below 2019 levels, both at Pilots and across the country. SHAMEEK KONAR: You know, we've been-- at Pilot, we have this incredible network, where we can actually help solve range anxiety. Jul 22, 2020 iStock KNOXVILLE, Tenn. (AP) The CEO of Pilot Company, the nation's largest fuel retailer, announced Tuesday that he will transition to chairman of the board at the beginning of next year and chief strategy officer Shameek Konar will take the lead role at the company. Konar, 50, has been at Pilot since 2017 and said he plans to continue with a growth mindset. Biden to Nominate Julie Su as Next U.S. Labor Secretary. We're hiring experienced account executives. Bloomberg Law speaks with prominent attorneys and legal scholars, analyzing major legal issues and cases in the news. Shameek Konar will be the fourth CEO of Pilot Company, a company that operates 950 retail and fuel locations across North America, sources reported. With that move . In one-on-one interviews, Rubenstein will learn investing strategies and tactics from some of the world's top wealth creators. 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. 1998 - 2023 Nexstar Media Inc. | All Rights Reserved. Pilot unions are preparing for battle. With that move, current CEO Jimmy Haslam, son of founder James (Jim) Haslam, will become chairman of the board. Earlier in his career, he was a senior energy market consultant at Accenture, PA Consulting and Putnam, Hayes & Bartlett. SHAMEEK KONAR: You know, EVgo's got a great leadership team that has been focused on trying to innovate in the charging space. But a lot of what was expected coming from Build Back Better is no longer, at least right now. 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. Jimmy Haslam's father, Pilot founder Jim Haslam, will move from chairman to chairman emeritus. "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.". Before Mercuria, Mr. Konar was Managing Director and Global Co-Head of Commodities Principal Investments at Goldman Sachs. We do not have any of the money secured at this point. The aircraft are already here. Pilot supplies more than 11 billion gallons of. 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. I mean, this is not your-- this is not you putting 10 or 15 charging stalls. 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.. 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. 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. 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. 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. I imagine a lot of EV drivers might want to stop by your locations. 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 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. 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. 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. It also generated $1 billion in losses last year. 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. Now, the question really becomes, do we treat a Pilot in the middle of Texas the same as a Pilot in the LA market? There's about-- there are four of them, which are kind of the larger ChargePoint providers. Informa Markets, a trading division of Informa PLC. 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. Really appreciate it. Certainly a lot of excitement when that announcement first came down. 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Pilot Company remains family owned and operated with Shameek Konar as CEO since 2021. So they're a forward-thinking company that is trying to solve this problem. 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. 2023 Industrial Media, LLC. 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. Craft a stronger, more resilient retail Strategy for your product business. `` 28,000! 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