Shameek's personal network of family, friends, associates & neighbors include Gary Mercer, Mark Worscheh, Edward Bracewell, Hannah Worscheh and Elaine Bracewell. Related by Industry: Convenience Stores & Gas Stations. 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. Tesla Wants $330M in Additional Nevada Tax Breaks. 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. 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. Diesel-powered tractors also require DEF. For one company, it was an opportunity to transform the way clinical trials are conducted, without sacrificing scientific rigor. 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.. We have full confidence that Shameek will continue to grow the legacy of our familys business.. Because there aren't enough EVs out in the market at this point in time. Shameek Konar Chief Executive Officer Shameek Konar serves as Pilot Company's chief executive officer. Other family members will be involved as well including former Tennessee Gov. Pilot Flying J Location 5508 Lonas Dr, Knoxville, Tennessee, 37909, United States Description Industry But our transaction is not contingent on government funding. from 8 AM - 9 PM ET. Through the correct market incentives and public policy, the federal government enabled us to provide biofuels cheaper to our customers, which has led to a significant adoption of biofuel. Pilot Company expects to sell 1 billion gallons of biofuels next year, Konar said. I'm curious how that has affected your business. SHAMEEK KONAR: No, all great questions, Brian. James (Jim) Haslam, who started the company in 1968 as single gas station, will remain involved in the company as well as chairman emeritus. Pilot Company remains family owned and operated with Shameek Konar as CEO since 2021. Konar will take on additional responsibilities immediately, including the management of technology, HR, finance and legal. In 2021 and beyond, the Haslam family will continue to be involved. "We're not aware of any other company being instructed by the Union Pacific or any other railroad to reduce their shipments to the extent they're asking," Konar testified. Really appreciate it. And you know what's great putting them in Pilots? 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. Shameek Konar has been associated with eight companies, according to public records. The transition will take place over the rest of 2020, with leadership roles shifting on Jan. 1. Jimmy Haslam and his wife, Dee, also own the Cleveland Browns football team, which they bought in 2012 for $1.05 billion. Konar will ease into the new role over the next six months. 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. Private companies dont always get the attention they deserve compared to their public peers, but this year was different. 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Taking the steps to overcome the shortage of skilled cybersecurity personnel is critical for any organization operating in the technology environment. Informa Markets, a trading division of Informa PLC. 10 on Forbes list of Americas Largest Private Companies. Not only would prices go up for DEF, which is now the highest it's ever been at nearly $4 per gallon. Todays Wordle #621 Hint, Clues And Answer For Thursday, March 2nd, Delta Pilots Ratify Contract With Massive 34% Salary Hike, Why Overcoming The Cybersecurity Labor Shortage Matters To Company Success, The 7 Biggest Mistakes Growing Companies Make With Their Retail Strategy, Digital Healthcare Company Speeds Development And Delivery Of New Drugs, Klarna Is Not A Buy Now, Pay Later (BNPL) Company, Inside The Company That Uses Robots To Deal With Cat Poop, The Bot-Pocalypse Is Coming: How Companies Can Prepare, Three Leadership Lessons You Learn From Piloting Planes, 6 Ways To Maintain Healthy Company Culture, Netherlands To Kick Off Legal Cannabis Sale Pilot Program, No Pilot, No Problem? 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. Shameek Konar CEO Pilot Company Shameek Konar serves as Pilot Company's chief executive officer. 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. Pilot receives about 45% of the raw materials used to make DEF by UP rail. The Netherlands plans to launch a pilot program to experiment with the legal sale of cannabis by the end of this year. Shameek Konar has been working as a Chief Executive Officer at Pilot Flying J for 6 years. CCI is headquartered in Stamford, Connecticut with offices in Calgary, Canada; Geneva, Switzerland; Houston, Texas; London, United Kingdom; Shanghai, China; Singapore; and Montevideo, Uruguay. We conclude that legally emitted toxic chemicals have a significant effect on the intangible asset value of publicly traded companies. Konar will be the fourth CEO at the Tennessee-based company that operates 950 retail and fuel locations across North America, theKnoxville News Sentinelreported. At Pilot Flying J, Shameek Konar has 24 colleagues including James Haslam (Chairman Emeritus), Jimmy Haslam (Chairman of the Board) Industry Colleagues. Su was central to negotiations between labor and freight rail companies late last year. 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. 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. Registered in England and Wales. The way we can do this is to get some support from the federal government.. With that move, current CEO Jimmy Haslam, son of founder James (Jim) Haslam, will become chairman of the board. In one-on-one interviews, Rubenstein will learn investing strategies and tactics from some of the world's top wealth creators. Renowned financier, Co-Founder of The Carlyle Group, and philanthropist David Rubenstein provides unparalleled access to the world's most successful investors. You're going to stop to charge your car at the same location. A 10% reduction in emissions of toxic chemicals results in a $34 million increase in market value. It reportedly paid $2.76 billion for a 38.6% share of Pilot in 2017. We're hiring experienced account executives. Shameek Konar is about take an unprecedented step at Pilot Company as he assumes the role of CEO in January. 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. If you use a windshield cover, you can at least forget about scrapping the ice off your windshield to save some time and hassle. 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. 10 on Forbes list of Americas largest private companies. Parent has helped the company achieve significant growth through the development of successful systems and processes, as well as building an outstanding leadership team. You'll have a number of other amenities, from showers to clean restrooms to merchandise. The Review of Economics and Statistics The Haslams weren't charged with wrongdoing. Subscribe - Today in Manufacturing Podcast, BAE Systems Awarded $145 Million Contract for USS Nitze Modernization, The Promise of Mobile Photoacoustic Imaging, U.S. is Sitting On a Gold Mine of Excess Heat, In Defense of Paper and Everything That Replaced It, U.S. Sues Chemical Company Over Cancer Risk, DOE Grants $375M Loan for Lithium Battery Recycling Plant, Mexican President Says Tesla to Build Plant in Mexico. Lawmakers hope to overcome partisan divisions and address a "generational challenge" to America's national security. Pilots had a long history of innovating as markets changed and looking for the opportunity.. See Shameek Konar's compensation, career history, education, & memberships. 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. , spent much of his journalism career covering agriculture in California and the western United States. All rights reserved. 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. SHAMEEK KONAR: No, that's a great question. 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." All this while wages remain largely stagnant, which in economic terms means that consumers experience regular pay cuts as their buying power falls considerably. If you dont innovate, you die, Konar told the newspaper. We need to keep that in mind. 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. With that move . How is that distributed among the partners here? It's a step forward in an effort to satisfy a vast demand for lithium for electric vehicle batteries. 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. 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. Konar also urged the committee to improve policies that incentivize liquid renewable fuels such as biodiesel, renewable diesel and ethanol. Konar joined seven other witnesses from the private sector and public utilities, including FedEX Chair and CEO Fred Smith as well as Laurie Giammona from Pacific Gas and Electric. Pilot Testifies on Behalf of NATSO for House Committee Hearing on Business Solutions to Climate Change. The Review of Economics and Statistics is an 84-year old general journal of applied (especially quantitative) economics. 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. During the pandemic, healthcare took a turn toward digital. Konar asked the committee to consider the EV charging experience for customers as they transition to electric vehicles. And that means higher airfares are coming. 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 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. Pilot has a compelling growth strategy in place and a bright future ahead. Konar has more than 20 years of experience in the energy and commodity market, specializing in acquisition and operations of energy assets. 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. Jimmy Haslams daughter, Whitney Haslam Johnson, will continue to be chief experience officer and a member of the board, and former Tennessee Gov. That . Konar joined Pilot in 2017 to grow its energy business. Jimmy Haslam's father, Pilot founder Jim Haslam, will move from chairman to chairman emeritus. 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. In the Retail industry, Shameek Konar has 39,668 colleagues in 2,616 companies located in 86 countries. Chief Strategy Officer Shameek Konar will become the fourth CEO of Pilot, ranked No. Pilot Flying J is part of the Convenience Stores, Gas Stations & Liquor Stores industry, and located in Tennessee, United States. The Four-Day Workweek Pilot Worked. Cision Distribution 888-776-0942 Bill Haslam will serve on the board. He also led Mercuria's acquisition of the J.P. Morgan physical commodities platform last year. 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. 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 average "intangible liability" for firms in our sample is $380 million-approximately 9% of the replacement value of tangible assets. Physical commodities platform last year Pilot receives about 45 % of the Carlyle Group, and David. 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