Find out the challenges and triumphs of leading an energy, data and hospitality-obsessed company that is striving to put the driver first. 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. The House Transportation and Infrastructure Committee on March 17 held a four-hour hearing on business solutions to climate change. 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Earlier in his career, he was a senior energy market consultant at Accenture, PA Consulting and Putnam, Hayes & Bartlett. BRIAN CHEUNG: Shameek, why EVgo? But we would require, or we would benefit from government funding, because like I said, the economics will be difficult in the beginning. We do not have any of the money secured at this point. 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. Headquartered in Knoxville, Tennessee, Pilot Company is the 10th largest privately held company in the United States and employs 28,000 team members. The One9 Fuel Network provides fleets and professional drivers with more places to stop at a variety of fueling locations. Edited at Harvard University's Kennedy School of Government, The Review has published some of the most important articles in empirical economics. 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. This item is part of a JSTOR Collection. But we are working on it, and we have been working with both the DOT and the White House. But it's too early to write off Klarna. 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. It's good to talk to you today. 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. 2023 Industrial Media, LLC. Use Forbes logos and quotes in your marketing. Jimmy Haslam's father, Pilot founder Jim Haslam, will move from chairman to chairman emeritus. Cision Distribution 888-776-0942 Pilot Testifies on Behalf of NATSO for House Committee Hearing on Business Solutions to Climate Change. . 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. The One9 Fuel Network provides fleets and professional drivers with more places to stop at a variety of fueling locations. The Netherlands plans to launch a pilot program to experiment with the legal sale of cannabis by the end of this year. 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. 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. All rights reserved. "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. Because there will be much more demand in the LA market than there will be in Texas. The model wont work for every business and may only be viable for companies able to adapt to a new way of working. For additional information about Pilot Company and its commitment to team members and giving back, visit www.pilotcompany.com. 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. He has tapped Chief Strategy Officer Shameek Konar, 50, to be Pilot's fourth CEO. So they're a forward-thinking company that is trying to solve this problem. And the answer would be no, absolutely not. And that is, of course, gas stations, we have seen gas prices come down, but we're still looking at very elevated levels across the country. 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. When typing in this field, a list of search results will appear and be automatically updated as you type. The transition will take place over the rest of 2020, with leadership roles shifting on Jan. 1. Pilot Company remains family owned and operated with Shameek Konar as CEO since 2021. Pilot Flying J Location 5508 Lonas Dr, Knoxville, Tennessee, 37909, United States Description Industry 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. 10 on Forbes list of Americas Largest Private Companies. The railroad company has asked that Pilot cut their rail shipments in half. 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. 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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. 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%. Representing NATSO was Pilot Company CEO Shameek Konar. Shared by Shameek Konar Join now to see all activity Experience Chief Executive Officer Pilot Company Jan 2021 - Present2 years 2 months Knoxville, Tennessee, United States Chief Strategy Officer. But we are going to size it based on demand, and as EV adoption kind of increases, we fully anticipate putting in incremental chargers in these locations. Because there aren't enough EVs out in the market at this point in time. Not only would prices go up for DEF, which is now the highest it's ever been at nearly $4 per gallon. Heres How Soon Self-Flying Planes Will Take Off. More information on locations and amenities are available on the Pilot Flying J app. 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. Since the late 1960s, we have experimented with generation after generation of electronic publishing tools. Flying low and fast toward the front line, a Ukrainian jet lugging a load of JDAM-ERs would pitch up and toss the bombs like a softball pitcher underhanding strikes. During the pandemic, healthcare took a turn toward digital. Subscribe to updates and stay connected on the latest news from NATSO. Shameek Konar serves as Pilot Company's chief executive officer. Number 8860726. In January, Parent will become senior advisor to the CEO and the chairman, providing guidance on strategy and key priorities for the company. Shameek Konar Overview. 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. Shameek Konar Chief Executive Officer Shameek Konar serves as Pilot Company's chief executive officer. AKIKO FUJITA: Shameek, let's talk about the bulk of your current business. Really appreciate it. Reporters from Bloomberg's Washington, D.C. bureau are prominently featured as they offer analysis of policy and legal issues. 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.. Our readers have come to expect excellence from our products, and they can count on us to maintain a commitment to producing rigorous and innovative information products in whatever forms the future of publishing may bring. 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. GM Making Some Performance-Related Job Cuts. Shameek Konar, the CEO of Pilot Flying J truck stops and gas stations, revealed during an April 13 hearing that his company was informed by Union Pacific Railways (UP) that the chain is "required to reduce shipments by 26 percent." Not long after, Pilot Flying J was reportedly told to reduce shipments by another 50 percent, or else. Request Permissions. But a lot of what was expected coming from Build Back Better is no longer, at least right now. Pilot Company remains family owned and operated with Shameek Konar as CEO since 2021. 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. 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. Konar is currently Pilot's chief strategy officer. He has a degree in Economics and Mathematics from St. Stephens College in India and a PhD in Economics and Finance from Vanderbilt University. Subscribe to receive the latest information. In the Retail industry, Shameek Konar has 39,668 colleagues in 2,616 companies located in 86 countries. And I think it helps us with EV adoption going forward. SHAMEEK KONAR: No, all great questions, Brian. And then, what do you hope to gain out of it, in terms of things that could boost your bottom line? 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. 10 on Forbes' list of largest private American companies. 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. That could be why a growing number of agile, flexible startups see the four-day week as the future. Shameek Konar will be the fourth CEO of Pilot Company, a company that operates 950 retail and fuel locations across North America, sources reported. "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. 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. It has been called Dr. Seuss Day because of this. 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. He says the company has committed to building a plant in Monterrey. The Knoxville-base truck stop chain announced Tuesday that Haslam will . The Review of Economics and Statistics is an 84-year old general journal of applied (especially quantitative) economics. Joining us with more on the launch is Pilot's CEO, Shameek Konar. 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. 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. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Copyright 2023 Nexstar Media Inc. All rights reserved. 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.". 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. 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. And that means higher airfares are coming. The fluid reduces nitrous oxide emissions in diesel vehicles. 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. 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. From time to time, The Review also publishes collections of papers or symposia devoted to a single topic of methodological or empirical interest. "OF the 300 million gallons of DEF that Pilot supplies to the industry every year, 74% is moved by rail," Konar said. 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. The average "intangible liability" for firms in our sample is $380 million-approximately 9% of the replacement value of tangible assets. SHAMEEK KONAR: No, that's a great question. 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. Jimmy Haslams daughter, Whitney Haslam Johnson, will continue to be chief experience officer and a member of the board, and former Tennessee Gov. Konar joined Pilot in 2017 to grow its energy business. The way we can do this is to get some support from the federal government.. 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. Here are some ideas. AKIKO FUJITA: Yeah, Pilot's certainly a very familiar sight for those who are out on road trips. Taking the steps to overcome the shortage of skilled cybersecurity personnel is critical for any organization operating in the technology environment. 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