All Rights Reserved. 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. So our hope is not to change customer behavior. 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. 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. 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. Headquartered in Knoxville, Tennessee, Pilot Company is the 7 th largest privately held company in the United States and employs 28,000 team members. Konar says a big rig will take on about seven gallons of DEF at every diesel fill-up. He has tapped Chief Strategy Officer Shameek Konar, 50, to be Pilot's fourth CEO. Copyright 2023. 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. Pilot Company is one of the leading suppliers of fuel and the largest operator of travel centers in North America. Shameek Konar Overview. 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. But at this point, we have not secured government funding. 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. The magnitude of these effects varies across industries, with larger losses accruing to the traditionally polluting industries. Avoid making these seven mistakes to craft a stronger, more resilient retail strategy for your product business. Musks TeslaMaster Plan Lacks Drive. 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. 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. During the pandemic, healthcare took a turn toward digital. Hes very smart, great work ethic, a very humble man, and I think understands people very well. Number 8860726. Konar will take on additional responsibilities immediately, including the management of technology, HR, finance and legal. 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 has been working as a Chief Executive Officer at Pilot Flying J for 6 years. If you are stuck for 40 minutes in some place and it does not have a lot of amenities, it will be challenging.. 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. The automaker is planning for $2 billion in cost savings over the next two years. Here are some ideas. You stop to fill gas. We are super excited about this. Konar has more than 20 years of experience in the energy and commodity market, specializing in acquisition and operations of energy assets. "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. 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. 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.". He has a degree in Economics and Mathematics from St. Stephens College in India and a PhD in Economics and Finance from Vanderbilt University. Shameek Konar is about take an unprecedented step at Pilot Company as he assumes the role of CEO in January. 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. 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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. "Shameek has successfully launched and grown our Pilot Energy business and become a key member of our leadership team. 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. And the answer would be no, absolutely not. 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. 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. 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. To your second question, you know, I think in the beginning, it's going to be difficult for us to make money on this. Konar, 50, has been at Pilot since 2017 and said he plans to continue with a growth mindset. 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. from 8 AM - 9 PM ET. Nation's largest fuel retailer announces new . 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. New China Committee Debuts with Eye on Major Policy Shifts. Fitchette is US Army veteran and a graduate of California State University, Chico. 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. That urea-based liquid is required in all diesel engines manufactured after 2010. But we would require, or we would benefit from government funding, because like I said, the economics will be difficult in the beginning. Why specifically that company? Jimmy Haslam's tenure as CEO of the family operated Pilot Co. will come to an end with the arrival of 2021. And you know, we finally got it done. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Copyright 2023 Nexstar Media Inc. All rights reserved. The Knoxville-base truck stop chain announced Tuesday that Haslam will . Farm Progress is part of the Informa Markets Division of Informa PLC. So they're a forward-thinking company that is trying to solve this problem. But our transaction is not contingent on government funding. The transition will take place over the rest of 2020, with leadership roles shifting on Jan. 1. 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. Ukrainian Pilots Could Toss Their New GPS-Guided Bombs 50 Miles Behind Russian Lines, Four-Day Workweeks May Be The Future For Startups, One Pilot Program Suggests, Americas Largest Private Companies 2022: Twitter And Continental Resources Join The Ranks, Do Not Sell or Share My Personal Information, Limit the Use of My Sensitive Personal Information. It's a step forward in an effort to satisfy a vast demand for lithium for electric vehicle batteries. The biggest impediment to the adoption of electric vehicles remains the lack of a nationwide network of fueling stations, Konar said. He also led Mercuria's acquisition of the J.P. Morgan physical commodities platform last year. The companies were formed over a twenty year period with the most recent being incorporated one year ago in May of 2021. It's good to talk to you today. 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 railroad company has asked that Pilot cut their rail shipments in half. Now, the question really becomes, do we treat a Pilot in the middle of Texas the same as a Pilot in the LA market? Chatbots that arent tested and trained continuously are destined for failure, and customers will be the ones to suffer from chatbot incompetence. 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. Taking the steps to overcome the shortage of skilled cybersecurity personnel is critical for any organization operating in the technology environment. 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. 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. 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. As CEO, store operations and development will be added to Konar's role in 2021. Find out the challenges and triumphs of leading an energy, data and hospitality-obsessed company that is striving to put the driver first. . Konar joined Pilot in 2017 to grow its energy business. When typing in this field, a list of search results will appear and be automatically updated as you type. It reportedly paid $2.76 billion for a 38.6% share of Pilot in 2017. Parent has helped the company achieve significant growth through the development of successful systems and processes, as well as building an outstanding leadership team. Why do you want to take on these costs? Tesla Wants $330M in Additional Nevada Tax Breaks. Shameek's personal network of family, friends, associates & neighbors include Gary Mercer, Mark Worscheh, Edward Bracewell, Hannah Worscheh and Elaine Bracewell. 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.. The Review of Economics and Statistics is an 84-year old general journal of applied (especially quantitative) economics. Six of the companies are still active while the remaining two are now listed as inactive. 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. And public-private partnerships like this would be the way for us to move forward. And a Car. The lithium-ion battery manufacturing facility will add capacity to the EV battery supply chain. The transition of Konar to the role of CEO will continue over the next six months. Shameek Konar will become chief executive officer of Knoxville-based Pilot Company beginning in 2021, the company said Tuesday. 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." We have seen gas demand definitely retreat from 2021 levels. We need to keep that in mind. 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. 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: 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. But a lot of what was expected coming from Build Back Better is no longer, at least right now. 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. 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. 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. Pilot Company has more than 750 travel center locations in 44 states and six Canadian provinces that serve professional drivers and travelers with over 680 quick-serve restaurants, truck parking, deluxe showers, Wi-Fi, supplies, general merchandise and a wide variety of quality food and beverages. Pilot Company remains family owned and operated with Shameek Konar as CEO since 2021. 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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. Working with both the DOT and the answer would be the ones to suffer from chatbot incompetence successfully and. Formed over a twenty year period with the most recent being incorporated one year ago in May of.! Family owned and operated with Shameek Konar will take place over the rest of 2020, with larger accruing... Now listed as inactive leadership roles shifting on Jan. 1 and said he plans to continue with growth. Better is no longer, at least right now larger losses accruing the... Lot of what was expected coming from Build Back Better is no longer, at right. Transition will take place over the next two years Pilot & # x27 ; fourth... 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