Use Forbes logos and quotes in your marketing. 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. The Review of Economics and Statistics is an 84-year old general journal of applied (especially quantitative) economics. 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. Pilot supplies more than 11 billion gallons of. Parent has helped the company achieve significant growth through the development of successful systems and processes, as well as building an outstanding leadership team. Chatbots that arent tested and trained continuously are destined for failure, and customers will be the ones to suffer from chatbot incompetence. 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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. BRIAN CHEUNG: Shameek, why EVgo? It brings a new kind of class of customer to our locations. So I think people are being way more cautious about the amount of money they're spending, and it is impacting our sales. 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. Edited at Harvard University's Kennedy School of Government, The Review has published some of the most important articles in empirical economics. Bloomberg Law speaks with prominent attorneys and legal scholars, analyzing major legal issues and cases in the news. 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. 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. 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. In 2021 and beyond, the Haslam family will continue to be involved. Photoacoustic imaging equipment on wheels is helping to advance groundbreaking medical research. We have seen gas demand definitely retreat from 2021 levels. Pilot Company is one of the leading suppliers of fuel and the largest operator of travel centers in North America. 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. Shameek Konar will become chief executive officer of Knoxville-based Pilot Company beginning in 2021, the company said Tuesday. NATSO thinks that policies to advance the adoption of electric vehicles should foster a dynamic and competitive marketplace that encourages private sector investment in electric vehicle charging infrastructure, and avoid harming those businesses best positioned to accelerate EVs in the market. Related by Industry: Convenience Stores & Gas Stations. For additional photo and video assets, please visit this link. The privately held travel center giant announced Tuesday that Chief Strategy Officer Shameek Konar has been tapped to become the new CEO. Since the late 1960s, we have experimented with generation after generation of electronic publishing tools. A 10% reduction in emissions of toxic chemicals results in a $34 million increase in market value. The One9 Fuel Network provides fleets and professional drivers with more places to stop at a variety of fueling locations. Consumers see it every time they fill up their car and purchase groceries. 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. During his tenure at Goldman, Mr. Konar was part of a team that led the expansion of the firm's physical commodity platform into physical natural gas and crude oil, and was responsible for managing the firm's investments in coal mining in Australia and Colombia, and its power and biofuels investments in North America. 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 currently ranked No. It reportedly paid $2.76 billion for a 38.6% share of Pilot in 2017. Pilot Flying J Location 5508 Lonas Dr, Knoxville, Tennessee, 37909, United States Description Industry Autonomous flight is coming to civil aviation sooner than anyone thinks, and it may prove to be a surprising boon for flyover country. 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. All newer diesel vehicles also must have this technology, including pickups and cars. He has a degree in Economics and Mathematics from St. Stephens College in India and a PhD in Economics and Finance from Vanderbilt University. 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. And then, what do you hope to gain out of it, in terms of things that could boost your bottom line? About 10 years ago biodiesel and biofuels were not [economically viable] and available in the market and our customers didnt want it, Konar said. Pilot Flying J is part of the Convenience Stores, Gas Stations & Liquor Stores industry, and located in Tennessee, United States. The lithium-ion battery manufacturing facility will add capacity to the EV battery supply chain. Find out the challenges and triumphs of leading an energy, data and hospitality-obsessed company that is striving to put the driver first. In one-on-one interviews, Rubenstein will learn investing strategies and tactics from some of the world's top wealth creators. Su was central to negotiations between labor and freight rail companies late last year. The automaker is planning for $2 billion in cost savings over the next two years. About Pilot Company The companies were formed over a twenty year period with the most recent being incorporated one year ago in May of 2021. 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 serves as Pilot Company's chief executive officer. By providing your email, you agree to our. It's good to talk to you today. 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. 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. Konar said the same approach will work with respect to EV charging infrastructure. Much of Konar's testimony, and questions from the panel, centered on the availability of diesel exhaust fluid, or DEF. 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. 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. 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. Farm Progress is part of the Informa Markets Division of Informa PLC. Jim Haslam founded the company in 1958 and his son, Jimmy Haslam, is currently Chairman after 25 years serving as CEO. Shameek Konar will be the fourth CEO of Pilot Company. The switch is already happening and will continue for the . 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. 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. A prototype print can be complete with all the detailed specifications for the part yet fail to communicate a very critical piece of information. . The transition of Konar to the role of CEO will take place over the next six months. Pilot Company remains family owned and operated with Shameek Konar as CEO since 2021. Whether encountering turbulent times or smooth sailing, leaders can look to a number of ways to keep a strong company culture. 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. So they're a forward-thinking company that is trying to solve this problem. To your second question, you know, I think in the beginning, it's going to be difficult for us to make money on this. But at this point, we have not secured government funding. 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. The companies will expand to over 500 industrial automation and system integration professionals. Shameek's personal network of family, friends, associates & neighbors include Gary Mercer, Mark Worscheh, Edward Bracewell, Hannah Worscheh and Elaine Bracewell. Panasonic Awards Turner-Yates Contract to Build EV Battery Plant. 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. 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The Atlanta-based carrier's very big deal may spur other huge pilot contracts at American, United and Southwest. Before Mercuria, Mr. Konar was Managing Director and Global Co-Head of Commodities Principal Investments at Goldman Sachs. FedEx CEO Fred Smith, meanwhile, touted longer truck trailers as a climate strategy. And that means higher airfares are coming. If you dont innovate, you die, Konar told the newspaper. 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. I imagine a lot of EV drivers might want to stop by your locations. 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. 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. The rest of Pilots management team will stay in place. A railway's request would cut tens of millions of truck miles just as driver shortages persist and truck availability is already tight. 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. If you are stuck for 40 minutes in some place and it does not have a lot of amenities, it will be challenging.. Representing NATSO was Pilot Company CEO Shameek Konar. This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. With that move, current CEO Jimmy Haslam, son of founder James (Jim) Haslam, will become chairman of the board. So our hope is not to change customer behavior. Effective immediately, Konar will take on additional responsibilities, including the management of technology, HR, finance and legal. And a Car. Registered in England and Wales. Diesel-powered tractors also require DEF. So for example, EVgo's got a great lab, where they test out a number of different chargers, and try to improve the product. Copyright 2023. The Review of Economics and Statistics The rest of Pilot's management team will stay in place. Shameek Konar is about take an unprecedented step at Pilot Company as he assumes the role of CEO in January. Now, the question really becomes, do we treat a Pilot in the middle of Texas the same as a Pilot in the LA market? "Shameek has successfully launched and grown our Pilot Energy business and become a key member of our leadership team. But we are working on it, and we have been working with both the DOT and the White House. 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. 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. Konar further . 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. Hints and clues to help you with today's Wordle. Not only would prices go up for DEF, which is now the highest it's ever been at nearly $4 per gallon. So the first part, in terms of how much it's going to cost-- we've kind of stuck to the goal of reducing range anxiety. Taking the steps to overcome the shortage of skilled cybersecurity personnel is critical for any organization operating in the technology environment. It allegedly presents an unacceptable cancer risk to the nearby community. 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. CEO Jimmy Haslam named chairman; Chief Strategy Officer Shameek Konar named CEO. 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. In January, Parent will become senior advisor to the CEO and the chairman, providing guidance on strategy and key priorities for the company. 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. Shameek possesses, I think, everything we look for or anybody would look for in a leader, Jimmy Haslam said. Konar joined Pilot in 2017 to grow its energy business. "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. Shameek has successfully launched and grown our Pilot Energy business and become a key member of our leadership team. He has a degree in Economics and Mathematics from St. Stephens College in India and a PhD in Economics and Finance from Vanderbilt University. The National Read Across America Day takes place every year on March 2, Geisels birthday. "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.". 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. This is untenable for trucking and the U.S. economy. AKIKO FUJITA: Yeah, Pilot's certainly a very familiar sight for those who are out on road trips. What we need to solve expediently is: How do we solve range anxiety and provide a fueling experience that is safe and has additional attractions for our customers and doesnt force them to change habits?, Konar said. The Knoxville-base truck stop chain announced Tuesday that Haslam will . Shameek Konar CEO Pilot Company Shameek Konar serves as Pilot Company's chief executive officer. 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. SHAMEEK KONAR: No, that's a great question. As markets change, and as opportunities change, we have to change, right? Shameek Konar offered this testimony to the Surface Transportation Board on April 27, 2022 - referring specifically to diesel exhaust fluid. That urea-based liquid is required in all diesel engines manufactured after 2010. SHAMEEK KONAR: You know, EVgo's got a great leadership team that has been focused on trying to innovate in the charging space. Subscribe to receive top agriculture news, Be informed daily with these free e-newsletters. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Copyright 2023 Nexstar Media Inc. All rights reserved. I mean, this is not your-- this is not you putting 10 or 15 charging stalls. It's a step forward in an effort to satisfy a vast demand for lithium for electric vehicle batteries. The fluid reduces nitrous oxide emissions in diesel vehicles. UP trains deliver raw product to Pilot's 23 rail-served facilities, which it converts to a finished product before delivering by truck to retail locations. Reporters from Bloomberg's Washington, D.C. bureau are prominently featured as they offer analysis of policy and legal issues. I'm curious how that has affected your business. 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 transition of Konar to the role of CEO will continue over the next six months. All rights reserved. Jimmy Haslams daughter, Whitney Haslam Johnson, will continue to be chief experience officer and a member of the board, and former Tennessee Gov. 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. Shameek Konar has been working as a Chief Executive Officer at Pilot Flying J for 6 years. We need to keep that in mind. Shameek Konar will be the fourth CEO of Pilot Company. 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 tapped Chief Strategy Officer Shameek Konar, 50, to be Pilot's fourth CEO. from 8 AM - 9 PM ET. From time to time, The Review also publishes collections of papers or symposia devoted to a single topic of methodological or empirical interest. 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. 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 Four-Day Workweek Pilot Worked. A diesel engine without DEF will automatically shut down if it is not available. 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. In 2021 and beyond, the Haslam family will continue to be involved. Because there will be much more demand in the LA market than there will be in Texas. The biggest impediment to the adoption of electric vehicles remains the lack of a nationwide network of fueling stations, Konar said. And we are going to size the number of chargers we put in these locations based on demand. 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