To your second question, you know, I think in the beginning, it's going to be difficult for us to make money on this. See Shameek Konar's compensation, career history, education, & memberships. But our transaction is not contingent on government funding. Konar is currently Pilots chief strategy officer. Subscribe to receive the latest information. 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. The Four-Day Workweek Pilot Worked. We have seen gas demand definitely retreat from 2021 levels. The railroad company has asked that Pilot cut their rail shipments in half. As CEO, store operations and development will be added to Konar's role in 2021. 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. 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. "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. 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Smith pushed for lifting the ban on 33-foot truck trailers, saying that the nearly 40-year-old 28-foot limit is both outdated and environmentally unsound. We are able and willing to do that but today the economics are very challenging for us to invest and do that effectively. His journalistic experience includes local daily and weekly newspapers, where he was recognized early in his career as an award-winning news photographer. 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 has been working as a Chief Executive Officer at Pilot Flying J for 6 years. It allegedly presents an unacceptable cancer risk to the nearby community. Request Permissions. Moxley Carmichael. About Pilot Company Nation's largest fuel retailer announces new . Shameek Konar serves as Pilot Company's chief executive officer. Bloomberg Law speaks with prominent attorneys and legal scholars, analyzing major legal issues and cases in the news. Youve gone from two minutes to fuel a car to 40 minutes or 30 minutes to charge your car. Pilot Flying J is part of the Convenience Stores, Gas Stations & Liquor Stores industry, and located in Tennessee, United States. 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. We need to keep that in mind. Konar joined Pilot in 2017 to grow its energy business. Jimmy Haslam and his wife, Dee, also own the Cleveland Browns football team, which they bought in 2012 for $1.05 billion. BRIAN CHEUNG: Shameek, it's Brian Cheung here. Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American, CCI adquiere una participacin mayoritaria en la empresa europea de almacenamiento de bateras S4 Energy BV, CCI erwirbt Mehrheitsbeteiligung an europischem Batteriespeicherunternehmen S4 Energy BV. How is that distributed among the partners here? For all alerts and more info please 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. All rights reserved. We have spoken to both the DOT and the White House, and we are working with the various states to put in grant applications. 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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. With that move . He has a degree in Economics and Mathematics from St. Stephens College in India and a PhD in Economics and Finance from Vanderbilt University. Learn more about . I mean, this is not your-- this is not you putting 10 or 15 charging stalls. 10 on Forbes list of Americas largest private companies. Pilots had a long history of innovating as markets changed and looking for the opportunity.. 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. Pilot Company announced that CEO Jimmy Haslam will be succeeded in the role by current Chief Strategy Officer Shameek Konar on Jan. 1, 2021, at which point Haslam will become chairman of the board . When joining the Pilot family, I was immediately drawn to the strong culture that Jimmy and the entire Haslam family created. 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. Besides, GM also has another partnership with EVgo, where EVgo and GM work together, so there is familiarity with EVgo. 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. 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. 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. 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 gas station and rest stop chain. /PRNewswire/ -- Castleton Commodities International LLC ("CCI" or the "Company") today announced the hiring of Shameek Konar as Chief Investment Officer and. The One9 Fuel Network provides fleets and professional drivers with more places to stop at a variety of fueling locations. But we would require, or we would benefit from government funding, because like I said, the economics will be difficult in the beginning. And I think it helps us with EV adoption going forward. 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. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Copyright 2023 Nexstar Media Inc. All rights reserved. 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. Pilot has a compelling growth strategy in place and a bright future ahead. Pilot Company is one of the leading suppliers of fuel and the largest operator of travel centers in North America. Konar says a big rig will take on about seven gallons of DEF at every diesel fill-up. I imagine a lot of EV drivers might want to stop by your locations. Number 8860726. 20,241 executive movements have been recorded in the last 12 months. Shameek's personal network of family, friends, associates & neighbors include Gary Mercer, Mark Worscheh, Edward Bracewell, Hannah Worscheh and Elaine Bracewell. 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. Chief Strategy Officer Shameek Konar will become the fourth CEO of Pilot, ranked No. With $180 million in sales last year, Whisker aims to get stinking rich from the business of kitties doing their business. What we've been seeing specifically in the last couple of months after the elevation in prices and the war is, an average gas customer is consuming or filling, basically, 6% to 7% fewer gallons than they were before. Shameek Konar will be the fourth CEO of Pilot Company. The National Read Across America Day takes place every year on March 2, Geisels birthday. 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. "When joining the Pilot family, I was immediately drawn to the strong culture that Jimmy and the entire Haslam family created. Representing NATSO was Pilot Company CEO Shameek Konar. Use Forbes logos and quotes in your marketing. 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. 2023 Industrial Media, LLC. 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. All rights reserved. All newer diesel vehicles also must have this technology, including pickups and cars. The company supplies more than 14 billion gallons of fuel per year and also provides DEF, bio and renewables to the market. 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. Visit Pilot Company Listen to more FreightWaves Podcasts Subscribe on Apple Podcasts When typing in this field, a list of search results will appear and be automatically updated as you type. The aircraft are already here. 10 on Forbes list of Americas Largest Private Companies. James (Jim) Haslam, who started the company in 1968 as single gas station, will remain involved in the company as well as chairman emeritus. 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. 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. 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. Trucks fill up at a truck stop in Northern California. We are super excited about this. He did not push for an increase in truck weight limits. Right? Taking the steps to overcome the shortage of skilled cybersecurity personnel is critical for any organization operating in the technology environment. In 2021 and beyond, the Haslam family will continue to be involved. What Could Elon Musk Possibly Be Thinking? Because there aren't enough EVs out in the market at this point in time. The Haslams weren't charged with wrongdoing. When buying cowboy boots, there are a few aspects to consider, such as how far up they go on your legs and their design. As CEO, store operations and development will be added to Konars role in 2021. This is a pretty big project here. Have a great weekend. BRIAN CHEUNG: Shameek Konar, CEO of the Pilot Company, thanks so much for stopping by this morning. The lithium-ion battery manufacturing facility will add capacity to the EV battery supply chain. Konar is currently Pilot's chief strategy officer. So our hope is not to change customer behavior. We have full confidence that Shameek will continue to grow the legacy of our familys business.. Jim Haslam founded the company in 1958 and his son, Jimmy Haslam, is currently Chairman after 25 years serving as CEO. 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. That could be why a growing number of agile, flexible startups see the four-day week as the future. Bill Haslam will serve on the board. 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. A potential embargo by Union Pacific of the company that owns Pilot and Flying J truck stops could be catastrophic to an already troubled supply chain, according to that company's chief executive. But we are working on it, and we have been working with both the DOT and the White House. from 8 AM - 9 PM ET. And definitely, we're still way below 2019 levels, both at Pilots and across the country. 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. Representing NATSO was Pilot Company CEO Shameek Konar. And public-private partnerships like this would be the way for us to move forward. You'll have a number of other amenities, from showers to clean restrooms to merchandise. Konar will ease into the new role over the next six months. The switch is already happening and will continue for the . Pilot Company is currently ranked No. By providing your email, you agree to our. 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