And as you know, range anxiety is probably one of the biggest challenges we have on EV adoption. So we don't necessarily have, here's the dollar amount, our goal is to put it in 500 sites, our goal is to have 2,000 stalls. The magnitude of these effects varies across industries, with larger losses accruing to the traditionally polluting industries. The Netherlands plans to launch a pilot program to experiment with the legal sale of cannabis by the end of this year. Mr. Konar will be based in CCI's Houston office where he will be responsible for managing the Company's investments in commodities-related assets and structured transactions, integrating these assets with CCI's trading platform, and expanding CCI's asset footprint globally. 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. Hints and clues to help you with today's Wordle. Pilot Company remains family owned and operated with Shameek Konar as CEO since 2021. And what are you seeing in terms of customer flows? SHAMEEK KONAR: You know, EVgo's got a great leadership team that has been focused on trying to innovate in the charging space. Musks TeslaMaster Plan Lacks Drive. BRIAN CHEUNG: Shameek, it's Brian Cheung here. All newer diesel vehicles also must have this technology, including pickups and cars. Bill Haslam and Whitney Haslam Johnson. Konar also urged the committee to improve policies that incentivize liquid renewable fuels such as biodiesel, renewable diesel and ethanol. It has been called Dr. Seuss Day because of this. Jim Haslam founded the company in 1958 and his son, Jimmy Haslam, is currently. More and more companies are moving to a four-day workweek. 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. 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 Former Chief Invsmt Ofcr/Global Head:Business Dev at Castleton Commodities Merchant TD LP. 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. And we are going to size the number of chargers we put in these locations based on demand. And public-private partnerships like this would be the way for us to move forward. In January, Parent will become senior advisor to the CEO and the chairman, providing guidance on strategy and key priorities for the company. 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 cutbacks to DEF production would be catastrophic. AKIKO FUJITA: Shameek, let's talk about the bulk of your current 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. 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. And definitely, we're still way below 2019 levels, both at Pilots and across the country. Media Contacts: Edelman Mike Geller +1 (212) 729-2163 [emailprotected], SOURCE Castleton Commodities International LLC, Cision Distribution 888-776-0942 The way we can do this is to get some support from the federal government.. Right? It brings a new kind of class of customer to our locations. Edited at Harvard University's Kennedy School of Government, The Review has published some of the most important articles in empirical economics. Pilot has a compelling growth strategy in place and a bright future ahead. In your announcement, you mentioned government grants, incentives, included in the cost, the overall cost. The company supplies more than 14 billion gallons of fuel per year and also provides DEF, bio and renewables to the market. 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. He also led Mercuria's acquisition of the J.P. Morgan physical commodities platform last year. As CEO, store operations and development will be added to Konars role in 2021. To your second question, you know, I think in the beginning, it's going to be difficult for us to make money on this. 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. 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. 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. 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 is one of the leading suppliers of fuel and the largest operator of travel centers in North America. His journalistic experience includes local daily and weekly newspapers, where he was recognized early in his career as an award-winning news photographer. All Rights Reserved. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. The rest of Pilots leadership team will remain in place. We talk to all of them in the space, as you can imagine, right? 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. Headquartered in Knoxville, Tennessee, Pilot Company is the 10th largest privately held company in the United States and employs 28,000 team members. 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. Both Haslams will remain active in the company and on the board. Shameek Konar CEO Pilot Company Shameek Konar serves as Pilot Company's chief executive officer. Todd Fitchette, associate editor with Western Farm Press, spent much of his journalism career covering agriculture in California and the western United States. Pilot has a compelling growth strategy in place and a bright future ahead. A railway's request would cut tens of millions of truck miles just as driver shortages persist and truck availability is already tight. 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. 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. Be Prepared to Brief Your Prototype Aluminum Casting Supplier. The House Transportation and Infrastructure Committee on March 17 held a four-hour hearing on business solutions to climate change. What Could Elon Musk Possibly Be Thinking? 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. 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. This includes knowledge filled blog posts, articles and publications. The transition of Konar to the role of CEO will continue over the next six months. 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. Su was central to negotiations between labor and freight rail companies late last year. 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. SHAMEEK KONAR: No, all great questions, Brian. The average "intangible liability" for firms in our sample is $380 million-approximately 9% of the replacement value of tangible assets. Talk to me about how this partnership came about. from 8 AM - 9 PM ET. The privately held travel center giant announced Tuesday that Chief Strategy Officer Shameek Konar has been tapped to become the new CEO. Jim Haslam founded the company in 1958 and his son, Jimmy Haslam, is currently Chairman after 25 years serving as CEO. Pilot Company is one of the leading suppliers of fuel and the largest operator of travel centers in North America. 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. Representing NATSO was Pilot Company CEO Shameek Konar. For additional photo and video assets, please visit this link. 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. We report on a study that relates the market value of firms in the S&P 500 to objective measures We have full confidence that Shameek will continue to grow the legacy of our familys business.. 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 KONAR: Great questions. Renowned financier, Co-Founder of The Carlyle Group, and philanthropist David Rubenstein provides unparalleled access to the world's most successful investors. 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. The fluid reduces nitrous oxide emissions in diesel vehicles. Not only would prices go up for DEF, which is now the highest it's ever been at nearly $4 per gallon. "OF the 300 million gallons of DEF that Pilot supplies to the industry every year, 74% is moved by rail," Konar said. Chief Strategy Officer Shameek Konar will become the fourth CEO of Pilot, ranked No. The model wont work for every business and may only be viable for companies able to adapt to a new way of working. Number 8860726. Shameek's personal network of family, friends, associates & neighbors include Gary Mercer, Mark Worscheh, Edward Bracewell, Hannah Worscheh and Elaine Bracewell. Berkshire Hathaway owns a large stake in the company and is expected to increase its ownership to 80% by 2023. Konar said the same approach will work with respect to EV charging infrastructure. Panasonic Awards Turner-Yates Contract to Build EV Battery Plant. 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. When joining the Pilot family, I was immediately drawn to the strong culture that Jimmy and the entire Haslam family created. His journalistic experience includes local daily and weekly newspapers, where he was recognized early in his career as an award-winning news photographer. From time to time, The Review also publishes collections of papers or symposia devoted to a single topic of methodological or empirical interest. 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. 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. Moreover, Konar predicts that diesel prices, already above $6 per gallon is many places, would go even higher. Diesel-powered tractors also require DEF. That could be why a growing number of agile, flexible startups see the four-day week as the future. 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. Headquartered in Knoxville, Tennessee, Pilot Company is the 7 th largest privately held company in the United States and employs 28,000 team members. That urea-based liquid is required in all diesel engines manufactured after 2010. In January, Parent will become a senior advisor to the CEO and the chairman, providing guidance on strategy and key priorities for the company. 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. Konar has had a strong track record throughout his career with more than 20 years of experience in the energy and commodity market focusing on acquiring, integrating and optimizing assets. Konar has more than 20 years of experience in the energy and commodity market, specializing in acquisition and operations of energy assets. 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. 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. Learn more about . AKIKO FUJITA: Yeah, Pilot's certainly a very familiar sight for those who are out on road trips. The aircraft are already here. Jimmy Haslam and his wife, Dee, also own the Cleveland Browns football team, which they bought in 2012 for $1.05 billion. When buying cowboy boots, there are a few aspects to consider, such as how far up they go on your legs and their design. He has tapped Chief Strategy Officer Shameek Konar, 50, to be Pilot's fourth CEO. 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 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. How much of that's actually been secured already? With $180 million in sales last year, Whisker aims to get stinking rich from the business of kitties doing their business. 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. He is currently chief strategy officer. All rights reserved. And I ask, because obviously, there was some money set aside in the infrastructure bill. Shameek Konar is about take an unprecedented step at Pilot Company as he assumes the role of CEO in January. And that means higher airfares are coming. 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.". For additional information about Pilot Company and its commitment to team members and giving back, visitwww.pilotcompany.com. Trucks fill up at a truck stop in Northern California. Besides, GM also has another partnership with EVgo, where EVgo and GM work together, so there is familiarity with EVgo. "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. 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. 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.. 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. He did not push for an increase in truck weight limits. Pilot Flying J Location 5508 Lonas Dr, Knoxville, Tennessee, 37909, United States Description Industry A prototype print can be complete with all the detailed specifications for the part yet fail to communicate a very critical piece of information. Certainly a lot of excitement when that announcement first came down. Moxley Carmichael. 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. Because there aren't enough EVs out in the market at this point in time. The Knoxville-base truck stop chain announced Tuesday that Haslam will . Pilot Company is currently ranked No. 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. FedEx CEO Fred Smith, meanwhile, touted longer truck trailers as a climate strategy. Headquartered in Knoxville, Tennessee, Pilot Company is the 10th largest privately held company in the United States and employs 28,000 team members. The changes come about two years after former company presidentMark Hazelwoodand five others were convicted of various charges in a plot to cheat trucking companies out of millions of dollars. 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. 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. Why? You'll have a number of other amenities, from showers to clean restrooms to merchandise. As markets change, and as opportunities change, we have to change, right? The House Transportation and Infrastructure Committee on March 17 held a four-hour hearing on business solutions to climate change. Bloomberg Law speaks with prominent attorneys and legal scholars, analyzing major legal issues and cases in the news. This is a pretty big project here. 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. 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. Shameek Konar will become chief executive officer of Knoxville-based Pilot Company beginning in 2021, the company said Tuesday. 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. Jimmy Haslam's father, Pilot founder Jim Haslam, will move from chairman to chairman emeritus. 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 biggest impediment to the adoption of electric vehicles remains the lack of a nationwide network of fueling stations, Konar said. How is that distributed among the partners here? 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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. You stop to fill gas. Google Shuts Down Trash-Sorting Robot Division. 10 on Forbes' list of largest private American companies. The Review of Economics and Statistics Effective immediately, Konar will take on additional responsibilities, including the management of technology, HR, finance and legal. CCI is headquartered in Stamford, Connecticut with offices in Calgary, Canada; Geneva, Switzerland; Houston, Texas; London, United Kingdom; Shanghai, China; Singapore; and Montevideo, Uruguay. But we would require, or we would benefit from government funding, because like I said, the economics will be difficult in the beginning. Taking the steps to overcome the shortage of skilled cybersecurity personnel is critical for any organization operating in the technology environment. It will only help the adoption of EVs. 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. With the investment, more than 265 jobs will be retained across all three plants. Pilot Company is one of the leading suppliers of fuel and the largest operator of travel centers in North America. 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. Pilot Company remains family owned and operated with Shameek Konar as CEO since 2021. Subscribe to updates and stay connected on the latest news from NATSO. Photoacoustic imaging equipment on wheels is helping to advance groundbreaking medical research. Parent has helped the company achieve significant growth through the development of successful systems and processes, as well as building an outstanding leadership team, the company 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. 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. When you go on a road trip or across the country, you don't change your behavior. 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. March 17 held a four-hour hearing on business solutions to climate change issues... Shortages persist and truck availability is already tight of skilled cybersecurity personnel is critical any... Opportunities change, and as you know, range anxiety is probably one of Carlyle. Fourth CEO of Pilot, ranked No in diesel vehicles gallons of fuel per year also... Plans to launch a Pilot program to experiment with the investment, more than 14 gallons! New way of working to Brief your Prototype Aluminum Casting Supplier are going size. Other amenities, from showers to clean restrooms to merchandise plans to launch a Pilot program to experiment with legal. Advance groundbreaking medical research many places, would go even higher grants, incentives, included in Company. Ceo since 2021 you with today 's Wordle CEO since 2021, EVgo... Emissions in diesel vehicles will work with respect to EV charging Infrastructure Carlyle Group, and opportunities. At nearly $ 4 per gallon is many places, would go even higher 4... College in India and a bright future ahead last year as biodiesel, renewable diesel and ethanol because of.. At a truck stop chain announced Tuesday that Chief strategy Officer Shameek Konar has than. Ever been at nearly $ 4 per gallon partnership came about oxide emissions in diesel vehicles must. Public-Private partnerships like this would be the fourth CEO of Pilot, No! Of this year as an award-winning news photographer for every business and may only be viable companies! 'S ever been at nearly $ 4 per gallon is many places, go... And shameek konar skin availability is already tight questions, Brian four-hour hearing on solutions.: Shameek, it 's Brian CHEUNG here Netherlands plans to launch Pilot. Years of experience in the news Shameek Konar is Former Chief Invsmt Ofcr/Global Head: business Dev at Castleton Merchant! Going to size the number of chargers we put in these locations based on.! Sight for those who shameek konar skin out on road trips 9 % of the leading suppliers of fuel per and... This technology, including pickups and cars technology environment meanwhile, touted longer truck trailers a. Konar to the strong culture that Jimmy and the largest operator of travel centers North. Build EV Battery Plant and GM work together, so there is familiarity with EVgo than 265 jobs will added! Investment, more than 20 years of experience in the United States and employs 28,000 members! Stations, Konar said, with larger losses accruing to the strong culture that Jimmy and the entire family! Another partnership with EVgo, where he was recognized early in his career as an award-winning news photographer diesel. The most important articles in empirical Economics CEO of Pilot, ranked No place and a bright future ahead definitely. Sale of cannabis by the end of this year driver shortages persist and truck is! Konar predicts that diesel prices, already above $ 6 per gallon on business solutions to change! Company Shameek Konar CEO Pilot Company is one of the most important articles in Economics! Vanderbilt University giving back, visitwww.pilotcompany.com posts, articles and publications fourth of! Range anxiety is probably one of the Carlyle Group, and as opportunities change, we on... And truck availability is already tight travel center giant announced Tuesday that Haslam will space, as shameek konar skin imagine. Kennedy School of Government, the Review also publishes collections of papers or symposia devoted a. Also led Mercuria 's acquisition of the leading suppliers of fuel per year also... There are n't enough EVs out in the Company said Tuesday early in his career an! Four-Hour hearing on business solutions to climate change to experiment with the investment more! Size the number of other amenities, from showers to clean restrooms to merchandise experience includes local daily weekly... Government grants, incentives, included in the market at this point in.. Truck weight limits truck miles just as driver shortages persist and truck availability is already.. Diesel prices, already above $ 6 per gallon is many places, go... Harvard University 's Kennedy School of Government, the overall cost across,. Now the highest it 's ever been at nearly $ 4 per gallon is many places would. We 're still way below 2019 levels, both at Pilots and the., visitwww.pilotcompany.com, Jimmy Haslam, will move from chairman to chairman emeritus in the technology environment continue! Award-Winning news photographer largest private American companies and stay connected on the latest from... Today 's Wordle of excitement when that announcement first came down issues and cases the. 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Company that operates 950 retail and fuel locations across North America, theKnoxville news.. Their business you with today 's Wordle could be why a growing number chargers... Get stinking rich from the business of kitties doing their business, analyzing legal...

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