As markets change, and as opportunities change, we have to change, right? "Union Pacific's restrictions will prevent Pilot from keeping many markets adequately supplied with DEF, likely causing shortages that will sideline trucks and reduce trucking capacity.". But a lot of what was expected coming from Build Back Better is no longer, at least right now. The transition of Konar to the role of CEO will take place over the next six months. 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. NATSO thinks that policies to advance the adoption of electric vehicles should foster a dynamic and competitive marketplace that encourages private sector investment in electric vehicle charging infrastructure, and avoid harming those businesses best positioned to accelerate EVs in the market. 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. Subscribe to updates and stay connected on the latest news from NATSO. 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. 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. Besides, GM also has another partnership with EVgo, where EVgo and GM work together, so there is familiarity with EVgo. About Pilot Company We conclude that legally emitted toxic chemicals have a significant effect on the intangible asset value of publicly traded companies. . Shameek Konar offered this testimony to the Surface Transportation Board on April 27, 2022 - referring specifically to diesel exhaust fluid. BRIAN CHEUNG: Shameek Konar, CEO of the Pilot Company, thanks so much for stopping by this morning. Shameek Konar serves as Pilot Company's chief executive officer. AKIKO FUJITA: Well, General Motors and Pilot Company are partnering to make your EV commute smoother with the addition of roughly 2,000 charging stalls at Pilot travel centers across the US. Cision Distribution 888-776-0942 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. Konar further . And public-private partnerships like this would be the way for us to move forward. 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. Konar says a big rig will take on about seven gallons of DEF at every diesel fill-up. If you use a windshield cover, you can at least forget about scrapping the ice off your windshield to save some time and hassle. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Prior to joining CCI, Mr. Konar served as Chief Investment Officer of Mercuria Energy Trading where he oversaw mergers, acquisitions and operations of physical assets across the firm's merchant platform spanning Asia, the Americas and EMEA. 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. It will only help the adoption of EVs. 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. All rights reserved. He has a degree in Economics and Mathematics from St. Stephens College in India and a PhD in Economics and Finance from Vanderbilt University. 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. 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. BRIAN CHEUNG: Shameek, why EVgo? But our transaction is not contingent on government funding. The cutbacks to DEF production would be catastrophic. Avoid making these seven mistakes to craft a stronger, more resilient retail strategy for your product business. Konar will be the fourth CEO at the Tennessee-based company that operates 950 retail and fuel locations across North America, theKnoxville News Sentinelreported. Hints and clues to help you with today's Wordle. Headquartered in Knoxville, Tennessee, Pilot Company is the 7th largest privately held company in the United States and employs 28,000 team members. 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. James (Jim) Haslam, who started the company in 1968 as single gas station, will remain involved in the company as well as chairman emeritus. Konar will ease into the new role over the next six months. It's a step forward in an effort to satisfy a vast demand for lithium for electric vehicle batteries. BRIAN CHEUNG: Shameek, it's Brian Cheung here. The railroad company has asked that Pilot cut their rail shipments in half. 20,241 executive movements have been recorded in the last 12 months. He also led Mercuria's acquisition of the J.P. Morgan physical commodities platform last year. Konar joined Pilot in 2017 to grow its energy business. So I think people are being way more cautious about the amount of money they're spending, and it is impacting our sales. 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. 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. 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. In the Retail industry, Shameek Konar has 39,668 colleagues in 2,616 companies located in 86 countries. Bill Haslam will serve on the board. Tesla Wants $330M in Additional Nevada Tax Breaks. 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. The company is moving closer to closing the factory. Nation's largest fuel retailer announces new . SHAMEEK KONAR: You know, we've been-- at Pilot, we have this incredible network, where we can actually help solve range anxiety. We talk to all of them in the space, as you can imagine, right? Hes very smart, great work ethic, a very humble man, and I think understands people very well. Pilot is the 10th largest private company in the U.S.,according to Forbes, with 26,000 employees and revenue of about $29 billion per year. Headquartered in Knoxville, Tennessee, Pilot Company is the 10th largest privately held company in the United States and employs 28,000 team members. Pilot receives about 45% of the raw materials used to make DEF by UP rail. FedEx CEO Fred Smith, meanwhile, touted longer truck trailers as a climate strategy. Farm Progress is part of the Informa Markets Division of Informa PLC. The average "intangible liability" for firms in our sample is $380 million-approximately 9% of the replacement value of tangible assets. 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. This policy structure resulted in a vibrant market for biofuels because the private sector responded to policy signals and incentives and made the investments necessary to bring new fuels to market. Konar also urged the committee to improve policies that incentivize liquid renewable fuels such as biodiesel, renewable diesel and ethanol. 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. Stellantis Investing $155M in Three Indiana Plants. Check Background Get Contact Info This Is Me - Edit. Results of a four-day workweek pilot reported a resounding success but the story isn't that participants enjoyed working shorter hours for the same amount of moneyit's more about what it might take to reach more people. Consumers see it every time they fill up their car and purchase groceries. Shameek Konar, Pilot Corp: Profile and Biography - Bloomberg Markets Subscribe Live Now Bloomberg TV+ Bloomberg Surveillance: Early Edition Bloomberg Surveillance: Early Edition with Anna. Shameek has successfully launched and grown our Pilot Energy business and become a key member of our leadership team. 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. Piloting planes has never been an easy job, and leading a company has not been either. 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. Shameek Konar has been working as a Chief Executive Officer at Pilot Flying J for 6 years. He says the company has committed to building a plant in Monterrey. . Pilot Flying J Location 5508 Lonas Dr, Knoxville, Tennessee, 37909, United States Description Industry 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.. A 10% reduction in emissions of toxic chemicals results in a $34 million increase in market value. Earlier in his career, he was a senior energy market consultant at Accenture, PA Consulting and Putnam, Hayes & Bartlett. Konar is currently Pilot's chief strategy officer. Since the late 1960s, we have experimented with generation after generation of electronic publishing tools. Everyday Robots took a fairly novel approach to building an army of cleaning robots. We're hiring experienced account executives. 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. Registered in England and Wales. Copyright 2023. It brings a new kind of class of customer to our locations. We need to keep that in mind. 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. 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