Parent has helped the company achieve significant growth through the development of successful systems and processes, as well as building an outstanding leadership team. After controlling for variables traditionally thought to explain firm-level financial performance, we find that bad environmental performance is negatively correlated with the intangible asset value of firms. All rights reserved. Shameek Konar is about take an unprecedented step at Pilot Company as he assumes the role of CEO in January. Moxley Carmichael. 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. The model wont work for every business and may only be viable for companies able to adapt to a new way of working. We're hiring experienced account executives. 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. Shameek Konar will become chief executive officer of Knoxville-based Pilot Company beginning in 2021, the company said Tuesday. 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 report on a study that relates the market value of firms in the S&P 500 to objective measures of their environmental performance. I mean, there's a lot of other partners I'm sure you could have gone with out there. 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, president. The One9 Fuel Network provides fleets and professional drivers with more places to stop at a variety of fueling locations. Jimmy Haslam's father, Pilot founder Jim Haslam, will move from chairman to chairman emeritus. And we are going to size the number of chargers we put in these locations based on demand. But our transaction is not contingent on government funding. Pilot Company has more than 750 travel center locations in 44 states and six Canadian provinces that serve professional drivers and travelers with over 680 quick-serve restaurants, truck parking, deluxe showers, Wi-Fi, supplies, general merchandise and a wide variety of quality food and beverages. Trucks fill up at a truck stop in Northern California. We have spoken to both the DOT and the White House, and we are working with the various states to put in grant applications. So they're a forward-thinking company that is trying to solve this problem. I imagine a lot of EV drivers might want to stop by your locations. Heres How Soon Self-Flying Planes Will Take Off. About Pilot Company Moreover, Konar predicts that diesel prices, already above $6 per gallon is many places, would go even higher. It has been called Dr. Seuss Day because of this. For additional photo and video assets, please visit this link. Related by Industry: Convenience Stores & Gas Stations. 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. About 10 years ago biodiesel and biofuels were not [economically viable] and available in the market and our customers didnt want it, Konar said. Headquartered in Knoxville, Tennessee, Pilot Company is the 10th largest privately held company in the United States and employs 28,000 team members. 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. FedEx CEO Fred Smith, meanwhile, touted longer truck trailers as a climate strategy. With that move . Other family members will be involved as well including former Tennessee Gov. Hes very smart, great work ethic, a very humble man, and I think understands people very well. 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. Nation's largest fuel retailer announces new . 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. When typing in this field, a list of search results will appear and be automatically updated as you type. UP told customers in April it neededto ease traffic jams in the supply chain and would begin metering deliveries if customers didn't voluntarily reduce inventory. 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. 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.". 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. Bill Haslam and Whitney Haslam Johnson. The company supplies more than 14 billion gallons of fuel per year and also provides DEF, bio and renewables to the market. Is Everyone Else Next? 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. Whether encountering turbulent times or smooth sailing, leaders can look to a number of ways to keep a strong company culture. We are able and willing to do that but today the economics are very challenging for us to invest and do that effectively. 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. Six of the companies are still active while the remaining two are now listed as inactive. 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. 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. Farm Progress is part of the Informa Markets Division of Informa PLC. This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. 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As CEO, store operations and development will be added to Konars role in 2021. Jimmy Haslam's tenure as CEO of the family operated Pilot Co. will come to an end with the arrival of 2021. Shameek Konar will become chief executive officer of Knoxville-based Pilot Company beginning in 2021, the company said Tuesday. We have full confidence that Shameek will continue to grow the legacy of our family's business.". Shameek has successfully launched and grown our Pilot Energy business and become a key member of our leadership team. As CEO, store operations and development will be added to Konars role in 2021. 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 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. 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 Haslams weren't charged with wrongdoing. Use Forbes logos and quotes in your marketing. 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. Shameek Konar serves as Pilot Company's chief executive officer. The companies were formed over a twenty year period with the most recent being incorporated one year ago in May of 2021. 10 on Forbes' list of America's Largest Private Companies. In January, Parent will become a senior advisor to the CEO and the chairman, providing guidance on strategy and key priorities for the company. Pilot Company keeps North Americas drivers moving as one of the leading suppliers of fuel and the largest operator of travel centers. 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. He did not push for an increase in truck weight limits. You'll have a number of other amenities, from showers to clean restrooms to merchandise. GM Making Some Performance-Related Job Cuts. 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. For terms and use, please refer to our Terms and Conditions 2023 Forbes Media LLC. If you are stuck for 40 minutes in some place and it does not have a lot of amenities, it will be challenging.. And you know what's great putting them in Pilots? Joining us with more on the launch is Pilot's CEO, Shameek Konar. Autonomous flight is coming to civil aviation sooner than anyone thinks, and it may prove to be a surprising boon for flyover country. 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. 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. 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.. Photoacoustic imaging equipment on wheels is helping to advance groundbreaking medical research. Effective immediately, Konar will take on additional responsibilities, including the management of technology, HR, finance and legal. Why specifically that company? Musks TeslaMaster Plan Lacks Drive. 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. 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. Right? Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. We report on a study that relates the market value of firms in the S&P 500 to objective measures His journalistic experience includes local daily and weekly newspapers, where he was recognized early in his career as an award-winning news photographer. 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. Jim Haslam founded the company in 1958 and his son, Jimmy Haslam, is currently Chairman after 25 years serving as CEO. New China Committee Debuts with Eye on Major Policy Shifts. That urea-based liquid is required in all diesel engines manufactured after 2010. Representing NATSO was Pilot Company CEO Shameek Konar. 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. When buying cowboy boots, there are a few aspects to consider, such as how far up they go on your legs and their design. Su was central to negotiations between labor and freight rail companies late last year. SHAMEEK KONAR: You know, EVgo's got a great leadership team that has been focused on trying to innovate in the charging space. He has a degree in Economics and Mathematics from St. Stephens College in India and a PhD in Economics and Finance from Vanderbilt University. 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. (Podcast), Former Chief Invsmt Ofcr/Global Head:Business Dev, Castleton Commodities Merchant TD LP. Because there aren't enough EVs out in the market at this point in time. Jimmy Haslam and his wife, Dee, also own the Cleveland Browns football team, which they bought in 2012 for $1.05 billion. Chief Strategy Officer Shameek Konar will become the fourth CEO of Pilot, ranked No. 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. I 'm sure you could have gone with out there, will move from to. They 're a forward-thinking company that is trying to solve this problem company & # x27 ; s largest retailer. Largest operator of travel centers will appear and be automatically updated as you type new of! This field, a very humble man, and i think understands very! 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