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. Pilot Company is one of the leading suppliers of fuel and the largest operator of travel centers in North America. For additional information about Pilot Company and its commitment to team members and giving back, visit www.pilotcompany.com. BRIAN CHEUNG: Shameek Konar, CEO of the Pilot Company, thanks so much for stopping by this morning. How much of that's actually been secured already? This material may not be published, broadcast, rewritten, or redistributed. UP told customers in April it neededto ease traffic jams in the supply chain and would begin metering deliveries if customers didn't voluntarily reduce inventory. At Pilot Flying J, Shameek Konar has 24 colleagues including James Haslam (Chairman Emeritus), Jimmy Haslam (Chairman of the Board) Industry Colleagues. But we would require, or we would benefit from government funding, because like I said, the economics will be difficult in the beginning. 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. Hes very smart, great work ethic, a very humble man, and I think understands people very well. I mean, how much does that cost a company to do that, right? STAMFORD, Conn., July 6, 2015 /PRNewswire/ --Castleton Commodities International LLC ("CCI" or the "Company") today announced the hiring of Shameek Konar as Chief Investment Officer and Global Head of Business Development. Whether encountering turbulent times or smooth sailing, leaders can look to a number of ways to keep a strong company culture. As markets change, and as opportunities change, we have to change, right? 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. Taking the steps to overcome the shortage of skilled cybersecurity personnel is critical for any organization operating in the technology environment. 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. The One9 Fuel Network provides fleets and professional drivers with more places to stop at a variety of fueling locations. Shameek has successfully launched and grown our Pilot Energy business and become a key member of our leadership team. But over time, we fully feel like this will be a great new set of customers who are going to come to our locations. BRIAN CHEUNG: Shameek, why EVgo? Subscribe to receive top agriculture news, Be informed daily with these free e-newsletters. 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 joined Pilot in 2017 to grow its energy business. AKIKO FUJITA: Well, General Motors and Pilot Company are partnering to make your EV commute smoother with the addition of roughly 2,000 charging stalls at Pilot travel centers across the US. 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. More information on locations and amenities are available on the Pilot Flying J app. There's about-- there are four of them, which are kind of the larger ChargePoint providers. Why specifically that company? It's good to talk to you today. 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. Musks TeslaMaster Plan Lacks Drive. 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. For additional photo and video assets, please visit this link. But it's too early to write off Klarna. Such approaches, he testified, undermine the business case for all fuel retailers nationwide to invest in EV charging infrastructure. Copyright 2023. So I think people are being way more cautious about the amount of money they're spending, and it is impacting our sales. BRIAN CHEUNG: Shameek, it's Brian Cheung here. For all alerts and more info please Taking into account various assets, Shameek's net worth is greater than $499,999; and makes between $150 - 174,999 a year. 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, company president. Consumers see it every time they fill up their car and purchase groceries. All rights reserved. The magnitude of these effects varies across industries, with larger losses accruing to the traditionally polluting industries. Headquartered in Knoxville, Tennessee, Pilot Company is the 10th largest privately held company in the United States and employs 28,000 team members. When you take those four skills and marry it up with somebody who has great commercial acumen, we think we have an outstanding future CEO.. 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. As CEO, store operations and development will be added to Konars role in 2021. 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. 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. 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%. 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. Todd Fitchette, associate editor with Western Farm Press, spent much of his journalism career covering agriculture in California and the western United States. He has a degree in Economics and Mathematics from St. Stephens College in India and a PhD in Economics and Finance from Vanderbilt University. He has a degree in Economics and Mathematics from St. Stephens College in India and a PhD in Economics and Finance from Vanderbilt University. EVgo, the fast-charging network company operating and installing these stalls saw its shares jump over 15% on the announcement, though shares have pared some of those gains. 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. With that move, current CEO Jimmy Haslam, son of founder James (Jim) Haslam, will become chairman of the board. The Haslams weren't charged with wrongdoing. 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. The model wont work for every business and may only be viable for companies able to adapt to a new way of working. The rest of Pilot's management team will stay in place. Moxley Carmichael. All rights reserved. Visit Pilot Company Listen to more FreightWaves Podcasts Subscribe on Apple Podcasts Chief Strategy Officer Shameek Konar will become the fourth CEO of Pilot, ranked No. Biden to Nominate Julie Su as Next U.S. Labor Secretary. Shameek Konar has been associated with eight companies, according to public records. Shameek Konar serves as Pilot Company's chief executive officer. Shameek Konar will be the fourth CEO of Pilot Company. I imagine a lot of EV drivers might want to stop by your locations. In January, Parent will become senior advisor to the CEO and the chairman, providing guidance on strategy and key priorities for the company. 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. Shameek Konar is Former Chief Invsmt Ofcr/Global Head:Business Dev at Castleton Commodities Merchant TD LP. And you'll have food. We talk to all of them in the space, as you can imagine, right? Pilot Company, headquartered in Knoxville, is ranked No. 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. Because there aren't enough EVs out in the market at this point in time. 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. I mean, this is not your-- this is not you putting 10 or 15 charging stalls. We have full confidence that Shameek will continue to grow the legacy of our familys business.. 10 on Forbes list of Americas largest private companies. Berkshire Hathaway owns a large stake in the company and is expected to increase its ownership to 80% by 2023. from 8 AM - 9 PM ET. We are super excited about this. Related by Industry: Convenience Stores & Gas Stations. Jim Haslam founded the company in 1958 and his son, Jimmy Haslam, is currently. The transition of Konar to the role of CEO will continue over the next six months. Jimmy Haslam's father, Pilot founder Jim Haslam, will move from chairman to chairman emeritus. 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. 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. 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. 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Because there will be much more demand in the LA market than there will be in Texas. "When joining the Pilot family, I was immediately drawn to the strong culture that Jimmy and the entire Haslam family created. Jul 22, 2020. 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 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. 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. Have a great weekend. The aircraft are already here. A railway's request would cut tens of millions of truck miles just as driver shortages persist and truck availability is already tight. 2023 Industrial Media, LLC. 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. For one company, it was an opportunity to transform the way clinical trials are conducted, without sacrificing scientific rigor. 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Cohen* Abstract-Previous studies that attempt to relate environmental to finan-cial performance have often led to conflicting results due to small samples and subjective environmental performance criteria. Konar will take on additional responsibilities immediately, including the management of technology, HR, finance and legal. The biggest impediment to the adoption of electric vehicles remains the lack of a nationwide network of fueling stations, Konar said. 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. We report on a study that relates the market value of firms in the S&P 500 to objective measures of their environmental performance. 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. Heres How Soon Self-Flying Planes Will Take Off. 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. Shameek Konar will become chief executive officer of Knoxville-based Pilot Company beginning in 2021, the company said Tuesday. Bill Haslam will serve on the board. Konar will ease into the new role over the next six months. When joining the Pilot family, I was immediately drawn to the strong culture that Jimmy and the entire Haslam family created. Photoacoustic imaging equipment on wheels is helping to advance groundbreaking medical research. Shameek Konar is about take an unprecedented step at Pilot Company as he assumes the role of CEO in January. More and more companies are moving to a four-day workweek. But our transaction is not contingent on government funding. 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. This includes knowledge filled blog posts, articles and publications. 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. SHAMEEK KONAR: You know, we've been-- at Pilot, we have this incredible network, where we can actually help solve range anxiety. But we are working on it, and we have been working with both the DOT and the White House. The Knoxville-base truck stop chain announced Tuesday that Haslam will . Headquartered in Knoxville, Tennessee, Pilot Company is the 7th largest privately held company in the United States and employs 28,000 team members. 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