Tesla Wants $330M in Additional Nevada Tax Breaks. Shameek Konar will become chief executive officer of Knoxville-based Pilot Company beginning in 2021, the company said Tuesday. 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. About 10 years ago biodiesel and biofuels were not [economically viable] and available in the market and our customers didnt want it, Konar said. 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. The Haslams weren't charged with wrongdoing. Autonomous flight is coming to civil aviation sooner than anyone thinks, and it may prove to be a surprising boon for flyover country. Konar asked the committee to consider the EV charging experience for customers as they transition to electric vehicles. The lithium-ion battery manufacturing facility will add capacity to the EV battery supply chain. For one company, it was an opportunity to transform the way clinical trials are conducted, without sacrificing scientific rigor. Shameek Konar offered this testimony to the Surface Transportation Board on April 27, 2022 - referring specifically to diesel exhaust fluid. Todd Fitchette, associate editor with Western Farm Press, spent much of his journalism career covering agriculture in California and the western United States. 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. All Rights Reserved. That urea-based liquid is required in all diesel engines manufactured after 2010. Chief Strategy Officer Shameek Konar will become the fourth CEO of Pilot, ranked No. Shameek Konar CEO Pilot Company Shameek Konar serves as Pilot Company's chief executive officer. The transition will take place over the rest of 2020, with leadership roles shifting on Jan. 1. 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. Shameek possesses, I think, everything we look for or anybody would look for in a leader, Jimmy Haslam said. Media Contacts: Edelman Mike Geller +1 (212) 729-2163 [emailprotected], SOURCE Castleton Commodities International LLC, Cision Distribution 888-776-0942 Su was central to negotiations between labor and freight rail companies late last year. All rights reserved. If you would like to receive a digest of blog post and articles directly in your inbox, please provide your name, email and the frequency of the updates you want to receive the email digest. This is untenable for trucking and the U.S. economy. He has a degree in Economics and Mathematics from St. Stephens College in India and a PhD in Economics and Finance from Vanderbilt University. Pilot Company's energy division supplies fuel, DEF, bio and renewables and provides hauling and disposal services as the third largest tanker fleet in North America. 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. Hes very smart, great work ethic, a very humble man, and I think understands people very well. In 2021 and beyond, the Haslam family will continue to be involved. 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. 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. Request Permissions. James (Jim) Haslam, who started the company in 1968 as single gas station, will remain involved in the company as well as chairman emeritus. Other family members will be involved as well including former Tennessee Gov. We have full confidence that Shameek will continue to grow the legacy of our familys business.. Pilot has a compelling growth strategy in place and a bright future ahead. "Shameek has successfully launched and grown our Pilot Energy business and become a key member of our leadership team. For additional photo and video assets, please visit this link. The Review of Economics and Statistics is an 84-year old general journal of applied (especially quantitative) economics. Shameek's personal network of family, friends, associates & neighbors include Gary Mercer, Mark Worscheh, Edward Bracewell, Hannah Worscheh and Elaine Bracewell. But at this point, we have not secured government funding. 2001 The MIT Press Nation's largest fuel retailer announces new . It's a step forward in an effort to satisfy a vast demand for lithium for electric vehicle batteries. The rest of Pilots management team will stay in place. 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. Shameek Konar Chief Executive Officer Shameek Konar serves as Pilot Company's chief executive officer. 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. FedEx CEO Fred Smith, meanwhile, touted longer truck trailers as a climate strategy. Subscribe to receive the latest information. He did not push for an increase in truck weight limits. All newer diesel vehicles also must have this technology, including pickups and cars. And as you know, range anxiety is probably one of the biggest challenges we have on EV adoption. Is Everyone Else Next? "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. 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. The privately held travel center giant announced Tuesday that Chief Strategy Officer Shameek Konar has been tapped to become the new CEO. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Copyright 2023 Nexstar Media Inc. All rights reserved. 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. 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. Right? 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. The House Transportation and Infrastructure Committee on March 17 held a four-hour hearing on business solutions to climate change. 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. A diesel engine without DEF will automatically shut down if it is not available. 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 will be the fourth CEO of Pilot Company. 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. 2023 Forbes Media LLC. Corn, soybeans bounce back after Tuesdays severe slump, Calf prices strengthen, cattle herd shrinking. It allegedly presents an unacceptable cancer risk to the nearby community. And I ask, because obviously, there was some money set aside in the infrastructure bill. I mean, this is not your-- this is not you putting 10 or 15 charging stalls. Google Shuts Down Trash-Sorting Robot Division. 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. Konar will be the fourth CEO at the Tennessee-based company that operates 950 retail and fuel locations across North America, theKnoxville News Sentinelreported. . 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. See Shameek Konar's compensation, career history, education, & memberships. 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. In 2021 and beyond, the Haslam family will continue to be involved. 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 . Use Forbes logos and quotes in your marketing. 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. 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. When joining the Pilot family, I was immediately drawn to the strong culture that Jimmy and the entire Haslam family created. Shameek has successfully launched and grown our Pilot Energy business and become a key member of our leadership team. If you use a windshield cover, you can at least forget about scrapping the ice off your windshield to save some time and hassle. 10 on Forbes list of Americas largest private companies. Pilot Testifies on Behalf of NATSO for House Committee Hearing on Business Solutions to Climate Change. The transition of Konar to the role of CEO will continue over the next six months. If you dont innovate, you die, Konar told the newspaper. Edited at Harvard University's Kennedy School of Government, The Review has published some of the most important articles in empirical economics. 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%. Representing NATSO was Pilot Company CEO Shameek Konar. from 8 AM - 9 PM ET. Pilot has a compelling growth strategy in place and a bright future ahead. 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. We are super excited about this. Konar says a big rig will take on about seven gallons of DEF at every diesel fill-up. 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. The railroad company has asked that Pilot cut their rail shipments in half. Here are some ideas. And you'll have food. This material may not be published, broadcast, rewritten, or redistributed. 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. The way we can do this is to get some support from the federal government.. That . Shameek Konar has been associated with eight companies, according to public records. 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. To your second question, you know, I think in the beginning, it's going to be difficult for us to make money on this. The Four-Day Workweek Pilot Worked. How much of that's actually been secured already? 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Youve gone from two minutes to fuel a car to 40 minutes or 30 minutes to charge your car. The average "intangible liability" for firms in our sample is $380 million-approximately 9% of the replacement value of tangible assets. 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. But a lot of what was expected coming from Build Back Better is no longer, at least right now. 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. And we are going to size the number of chargers we put in these locations based on demand. More information on locations and amenities are available on the Pilot Flying J app. 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. Registered in England and Wales. The One9 Fuel Network provides fleets and professional drivers with more places to stop at a variety of fueling locations. 10 on Forbes list of Americas Largest Private Companies. The transition of Konar to the role of CEO will take place over the next six months. A railway's request would cut tens of millions of truck miles just as driver shortages persist 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. Jul 22, 2020. In January, Parent will become a senior advisor to the CEO and the chairman, providing guidance on strategy and key priorities for the company. Moxley Carmichael. And public-private partnerships like this would be the way for us to move forward. 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. Earlier in his career, he was a senior energy market consultant at Accenture, PA Consulting and Putnam, Hayes & Bartlett. Renowned financier, Co-Founder of The Carlyle Group, and philanthropist David Rubenstein provides unparalleled access to the world's most successful investors. 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. We have seen gas demand definitely retreat from 2021 levels. And you know what's great putting them in Pilots? Representing NATSO was Pilot Company CEO Shameek Konar. 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 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. Konar is currently Pilot's chief strategy officer. 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. Besides, GM also has another partnership with EVgo, where EVgo and GM work together, so there is familiarity with EVgo. Pilot Company remains family owned and operated with Shameek Konar as CEO since 2021. "When joining the Pilot family, I was immediately drawn to the strong culture that Jimmy and the entire Haslam family created. About Pilot Company Konar joined Pilot in 2017 to grow its energy 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 Pilot's culture and values are a few of the reasons why we chose him to be our next CEO. 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. So they're a forward-thinking company that is trying to solve this problem. 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. All rights reserved. A 10% reduction in emissions of toxic chemicals results in a $34 million increase in market value. Pilot Flying J is part of the Convenience Stores, Gas Stations & Liquor Stores industry, and located in Tennessee, United States. So I think people are being way more cautious about the amount of money they're spending, and it is impacting our sales. Headquartered in Knoxville, Tennessee, Pilot Company is the 7 th largest privately held company in the United States and employs 28,000 team members. from 8 AM - 9 PM ET. Moreover, Konar predicts that diesel prices, already above $6 per gallon is many places, would go even higher. Lawmakers hope to overcome partisan divisions and address a "generational challenge" to America's national security. Shameek Konar Overview. Whether encountering turbulent times or smooth sailing, leaders can look to a number of ways to keep a strong company culture. But our transaction is not contingent on government funding. With $180 million in sales last year, Whisker aims to get stinking rich from the business of kitties doing their business. 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. 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. , spent much of his journalism career covering agriculture in California and the western United States. 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. There's about-- there are four of them, which are kind of the larger ChargePoint providers. During the pandemic, healthcare took a turn toward digital. 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. This includes knowledge filled blog posts, articles and publications. KNOXVILLE, Tenn. (AP) The CEO of Pilot Company, the nations 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. 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. 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. As CEO, store operations and development will be added to Konars role in 2021. Why do you want to take on these costs? SHAMEEK KONAR: Great questions. So for example, EVgo's got a great lab, where they test out a number of different chargers, and try to improve the product. Have a great weekend. The transition of Konar to the role of CEO will continue over the next six months. 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. If you are stuck for 40 minutes in some place and it does not have a lot of amenities, it will be challenging.. The company supplies more than 14 billion gallons of fuel per year and also provides DEF, bio and renewables to the market. 10 on Forbes' list of largest private American companies. 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. Subscribe to receive top agriculture news, Be informed daily with these free e-newsletters. In January, Parent will become senior advisor to the CEO and the chairman, providing guidance on strategy and key priorities for the company. I imagine a lot of EV drivers might want to stop by your locations. For terms and use, please refer to our Terms and Conditions 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. 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. Because there will be much more demand in the LA market than there will be in Texas. The cutbacks to DEF production would be catastrophic. 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. , a very humble man, and it does not have a lot of amenities, it will the! Shameek possesses, I was immediately drawn to the market of largest private companies, Whisker to. 2021 and beyond, the Review of Economics and Finance from Vanderbilt University not... 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