This item is part of a JSTOR Collection. Farm Progress is part of the Informa Markets Division of Informa PLC. 10 on Forbes list of Americas Largest Private Companies. The lithium-ion battery manufacturing facility will add capacity to the EV battery supply chain. 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. 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. Moxley Carmichael. 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. Why do you want to take on these costs? I imagine a lot of EV drivers might want to stop by your locations. Bill Haslam and Whitney Haslam Johnson. Konar said the same approach will work with respect to EV charging infrastructure. 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. Jimmy Haslam and his wife, Dee, also own the Cleveland Browns football team, which they bought in 2012 for $1.05 billion. 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. 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. 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. That could be why a growing number of agile, flexible startups see the four-day week as the future. 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. 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. Certainly a lot of excitement when that announcement first came down. Because there will be much more demand in the LA market than there will be in Texas. The magnitude of these effects varies across industries, with larger losses accruing to the traditionally polluting industries. 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. Pilot supplies more than 11 billion gallons of. CEO Jimmy Haslam named chairman; Chief Strategy Officer Shameek Konar named CEO. If you are stuck for 40 minutes in some place and it does not have a lot of amenities, it will be challenging.. We talk to all of them in the space, as you can imagine, right? 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. Before Mercuria, Mr. Konar was Managing Director and Global Co-Head of Commodities Principal Investments at Goldman Sachs. You're going to stop to charge your car at the same location. Since that date, Pilot Company has had productive . Shameek Konar, Pilot Corp: Profile and Biography - Bloomberg Markets Subscribe Live Now Bloomberg TV+ Bloomberg Surveillance: Early Edition Bloomberg Surveillance: Early Edition with Anna. Representing NATSO was Pilot Company CEO Shameek Konar. Rep. Grace Napolitano has previously introduced an amendment to infrastructure legislation that would allow electric vehicle charging stations at rest areas located on the Interstate right-of-way. This is untenable for trucking and the U.S. economy. In 2021 and beyond, the Haslam family will continue to be involved. The Review of Economics and Statistics The rest of Pilot's management team will stay in place. 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 . Shameek Konar will become chief executive officer of Knoxville-based Pilot Company beginning in 2021, the company said Tuesday. I mean, how much does that cost a company to do that, right? Shameek Konar and Mark A. 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. It also generated $1 billion in losses last year. 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. For additional information about Pilot Company and its commitment to team members and giving back, visitwww.pilotcompany.com. He has a degree in Economics and Mathematics from St. Stephens College in India and a PhD in Economics and Finance from Vanderbilt University. And the FAA is playing it cool. The transition will take place over the rest of 2020, with leadership roles shifting on Jan. 1. Whether encountering turbulent times or smooth sailing, leaders can look to a number of ways to keep a strong company culture. About 10 years ago biodiesel and biofuels were not [economically viable] and available in the market and our customers didnt want it, Konar said. But over time, we fully feel like this will be a great new set of customers who are going to come to our locations. He says the company has committed to building a plant in Monterrey. Shameek Konar will be the fourth CEO of Pilot Company. SHAMEEK KONAR: No, all great questions, Brian. 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. Now, the question really becomes, do we treat a Pilot in the middle of Texas the same as a Pilot in the LA market? Jimmy Haslam's tenure as CEO of the family operated Pilot Co. will come to an end with the arrival of 2021. 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. 1998 - 2023 Nexstar Media Inc. | All Rights Reserved. Shameek Konar Chief Executive Officer Shameek Konar serves as Pilot Company's chief executive officer. 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. 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 transition of Konar to the role of CEO will continue over the next six months. When typing in this field, a list of search results will appear and be automatically updated as you type. 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. 445 S. Gay Street, Suite 305Knoxville, Tennessee 37902P: 865-544-0088 | F: 865-544-1865. Pilot Flying J is part of the Convenience Stores, Gas Stations & Liquor Stores industry, and located in Tennessee, United States. I mean, there's a lot of other partners I'm sure you could have gone with out there. The automaker is planning for $2 billion in cost savings over the next two years. Number 8860726. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Copyright 2023 Nexstar Media Inc. All rights reserved. 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, we've been-- at Pilot, we have this incredible network, where we can actually help solve range anxiety. (Podcast), Former Chief Invsmt Ofcr/Global Head:Business Dev, Castleton Commodities Merchant TD LP. A 10% reduction in emissions of toxic chemicals results in a $34 million increase in market value. I mean, this is not your-- this is not you putting 10 or 15 charging stalls. 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. Stellantis Investing $155M in Three Indiana Plants. 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. Specialty crops highlight Farm Bill hearing, Kinze raises its planter game with new row unit, Western states seek support for livestock industries, Bipartisan DAIRY PRIDE Act targets plant-based 'dairy', Cost of keeping working capital in inflationary times, World Ag Expo opens to visit by House speaker. Shameek's personal network of family, friends, associates & neighbors include Gary Mercer, Mark Worscheh, Edward Bracewell, Hannah Worscheh and Elaine Bracewell. We have full confidence that Shameek will continue to grow the legacy of our familys business.. 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. Konar is currently Pilot's chief strategy officer. Since day one with Pilot in 2017, Shameek has shown his dedication to advancing our company and the industry, said Jimmy Haslam, current CEO of Pilot Company. He is currently chief strategy officer. Six of the companies are still active while the remaining two are now listed as inactive. 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.. More information on locations and amenities are available on the Pilot Flying J app. Parent has helped the company achieve significant growth through the development of successful systems and processes, as well as building an outstanding leadership team. "OF the 300 million gallons of DEF that Pilot supplies to the industry every year, 74% is moved by rail," Konar said. 10 on Forbes' list of largest private American companies. 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. The House Transportation and Infrastructure Committee on March 17 held a four-hour hearing on business solutions to climate change. We have spoken to both the DOT and the White House, and we are working with the various states to put in grant applications. Shameek Konar has been associated with eight companies, according to public records. What Could Elon Musk Possibly Be Thinking? Really appreciate it. 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%. 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. 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. 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. The company supplies more than 14 billion gallons of fuel per year and also provides DEF, bio and renewables to the market. Shameek has successfully launched and grown our Pilot Energy business and become a key member of our leadership team. In January, Parent will become a senior advisor to the CEO and the chairman, providing guidance on strategy and key priorities for the company. Reporters from Bloomberg's Washington, D.C. bureau are prominently featured as they offer analysis of policy and legal issues. A diesel engine without DEF will automatically shut down if it is not available. In the Retail industry, Shameek Konar has 39,668 colleagues in 2,616 companies located in 86 countries. 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. CEO Jimmy Haslam will transition to the fuel company's chairman of the board role beginning Jan. 1. But at this point, we have not secured government funding. from 8 AM - 9 PM ET. The companies will expand to over 500 industrial automation and system integration professionals. Representing NATSO was Pilot Company CEO Shameek Konar. Check Background Get Contact Info This Is Me - Edit. So our hope is not to change customer behavior. Konar joined Pilot in 2017 to grow its energy business. 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.. Find out the challenges and triumphs of leading an energy, data and hospitality-obsessed company that is striving to put the driver first. Cision Distribution 888-776-0942 The Knoxville-base truck stop chain announced Tuesday that Haslam will . "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. Pilot Company remains family owned and operated with Shameek Konar as CEO since 2021. Konar, 50, has been at Pilot since 2017 and said he plans to continue with a growth mindset. In one-on-one interviews, Rubenstein will learn investing strategies and tactics from some of the world's top wealth creators. This includes knowledge filled blog posts, articles and publications. 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. For additional information about Pilot Company and its commitment to team members and giving back, visit www.pilotcompany.com. Pilots had a long history of innovating as markets changed and looking for the opportunity.. And you'll have food. 2001 The MIT Press Lawmakers hope to overcome partisan divisions and address a "generational challenge" to America's national security. And as you know, range anxiety is probably one of the biggest challenges we have on EV adoption. And I ask, because obviously, there was some money set aside in the infrastructure bill. It reportedly paid $2.76 billion for a 38.6% share of Pilot in 2017. Because there aren't enough EVs out in the market at this point in time. "Since day one with Pilot in 2017, Shameek has shown his dedication to advancing our company and the industry," said Jimmy Haslam, current CEO of Pilot Company. So they're a forward-thinking company that is trying to solve this problem. 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