Jimmy Haslam
James Arthur Haslam III (born March 9, 1954) is an American businessman and sports executive. He is the chief executive officer of the Pilot Flying J truck stop chain, co-owner with his wife Dee of both the Cleveland Browns of the National Football League (NFL), and Columbus Crew SC of Major League Soccer (MLS) - with which he has an MLS Cup Championship to his credit. His father Jim Haslam founded the Pilot Corporation in 1958 as the Pilot Oil Corporation.
Jimmy Haslam | |
|---|---|
.jpg.webp) Haslam in 2013 | |
| Born | James Arthur Haslam III March 9, 1954[1] |
| Alma mater | University of Tennessee |
| Occupation | Businessman, MLS and NFL team owner, philanthropist |
| Years active | 1974–present |
| Net worth |  US$2.9 billion (November 2020)[2] |
| Spouse(s) | |
| Children | 3 |
| Parent(s) | Jim Haslam Cynthia Haslam (deceased) |
| Relatives | Bill Haslam (brother) |
| Awards | 2020 MLS Cup Champion |
Personal life
Haslam, who lives in his native Knoxville, Tennessee, is the elder brother of Bill Haslam, the former Governor of Tennessee.[3] He is married to Susan "Dee" Bagwell Haslam, CEO of RIVR Media, part of the family ownership group of Pilot and co-owner of the Browns and Crew. They have three adult children, James Bagwell Haslam (adopted 2016), Whitney Haslam Johnson, and Cynthia Haslam Arnholt and five grandchildren.
While attending the University of Tennessee, Haslam was a roommate of Bob Corker, who went on to become a United States Senator from Tennessee. He is a member of the Sigma Chi fraternity.[3]
Pilot Flying J
Haslam began his career at Pilot Corporation in 1976. In 1980, Haslam was named vice president of sales, development and operations. At that time, Pilot operated 100 convenience stores with annual fuel sales of about 125 million gallons. Pilot opened its first travel center in 1981, and by 1996 – the same year Haslam was named president and chief executive officer – the company operated 96 travel centers and 50 convenience stores and its total gallon sales had reached 1.2 billion. Pilot Corporation attained yet another milestone in 2001 when it joined with Marathon Ashland Petroleum LLC to form Pilot Travel Centers LLC.
In 2008, Pilot Corporation announced that CVC Capital Partners had acquired 49.8% interest in Pilot Travel Centers LLC, facilitating the sale by Marathon Petroleum Company (formerly Marathon Ashland Petroleum) of its interest in Pilot Travel Centers. Pilot Corporation retained 50% ownership of Pilot Travel Centers LLC. In 2015, the Haslam family acquired all of CVC Capital Partners’ shares in the company. Pilot’s convenience store operations continue to be fully owned by Pilot Corporation. In 2010, Pilot Travel Centers LLC joined with Flying J Inc. In 2012, Pilot Flying J acquired Western Petroleum and the majority ownership of Maxum Petroleum and in 2012 formed Maxum Enterprises LLC, d/b/a Pilot Logistics Services. In 2014, Pilot Logistics Services merged with Thomas Petroleum to form Pilot Thomas Logistics. Pilot Flying J subsidiary Pilot Thomas Logistics is one of the fastest growing energy logistics companies in North America.
Pilot Flying J is one of the largest top 10 privately held companies in the United States and employs more than 24,000 employees. The Pilot Flying J network provides customers with access to more than 70,000 parking spaces for trucks, 4,800 showers and 4,300 diesel lanes featuring DEF at the pump.
In April 2013, the FBI executed a search warrant and affidavit detailing a five-year fraud scheme by the Pilot Flying J chain. The company paid restitution to customers and agreed to pay a $92 million penalty pursuant to a Criminal Enforcement Agreement.[4]
Community involvement
Haslam's civic involvement includes service on the board of directors of Anderson Media Corporation. He also has served on the boards of the United Way of Greater Knoxville, Lakeshore Park in Knoxville and the National Association of Truck Stop Operators (NATSO). In addition, Haslam served as honorary chair of the Boys & Girls Clubs of Cleveland campaign committee and as campaign chair for Knox Area Rescue Ministries and United Way of Greater Knoxville.
In 2006, he served as Tennessee statewide campaign chair for the United States Senator Bob Corker and in 2012, he served as Statewide Finance Chairman for Tennessee Governor Bill Haslam, his brother.[5] Haslam was inducted into the Junior Achievement of East Tennessee Business Hall of Fame in 2007, and in 2010, he was named a recipient of the Ernst & Young Entrepreneur Of The Year award for the Southeast region. In 2013, the University of Tennessee recognized Haslam with the Distinguished Alumnus Award. He is the co-founder of the Haslam Scholars Program for premier honor students at the University of Tennessee.[5]
Sports ownership
NFL
Haslam bought a minority interest in the Pittsburgh Steelers in 2008. In 2012, he reached an agreement with Browns owner Randy Lerner to purchase the franchise for $1 billion. The Browns were valued at $977 million in 2011 by Forbes magazine, 20th in the NFL. NFL rules prohibit ownership in multiple teams and so Haslam sold his interest in the Steelers.[3][6] The Haslams' purchase of the Browns was unanimously approved by the 32 teams in the NFL on October 12; the sale itself closed thirteen days later.[7]
Since officially taking over the Browns seven games into the 2012 season, and through the end of the 2020 regular season, Haslam has a 44-94-1 record as team owner (including going 0-16 in 2017), but in 2020 he had his first winning season when the Browns went 11-5, and won his first playoff game as Browns owner when they defeated the Steelers 48-37 in the Wild Card round of the 2020-21 NFL playoffs.
MLS
In late 2018, reports emerged that Haslam had purchased Major League Soccer club Columbus Crew SC from Anthony Precourt, who wanted to move the club to Austin, Texas. Haslam, along with his wife Dee and former team physician Pete Edwards, took over as owners on January 1, 2019, as a deal to purchase the club from Precourt was finalized.[8]
In 2020, the Crew would win the MLS Cup, giving Haslam his first major sports championship as an owner.[9]
Awards and honors
Sports ownership
- 2020 MLS Cup Champion (as co-owner of the Columbus Crew)
Business
- Jr. Achievement of East Tennessee Business Hall of Fame (class of 2007)
- Significant Sig Award from the Sigma Chi Foundation
- 2010 Ernst & Young Entrepreneur of the Year Award
- 2011 University of Tennessee College of Business Administration's Distinguished Alumni Award[5]
Previous directorial works
- University of Tennessee Athletics
- Innovation Valley, Inc.
- First Horizon Corporation
- Clayton Family Foundation
- Federal Reserve Board Energy Advisory Council
- National Association of Convenience Stores Leadership Council
- Cleveland Clinic[5]
References
- Flory, Josh (January 20, 2011). [w://www.knoxnews.com/news/2011/jan/20/haslam-family-governor-pilot-fortune-politics/ "Big deals, big wheels: Family, political fortunes reach new heights for Haslams"]. KnoxNews.com. Retrieved August 25, 2011.
- Real Time Ranking (February 15, 2017). "Jimmy Haslam". Forbes.com. Retrieved November 20, 2020.
- Bill Lubinger, The Plain Dealer. "Potential Cleveland Browns owner Jimmy Haslam uses hands-on business approach". cleveland.com. Retrieved August 2, 2012.
- Ellen Myers, "Browns owner Jimmy Haslam's truck stop chain will pay $92 million fraud fine", The Christian Science Monitor, July 15, 2014.
- Anne Lezotte, "Jimmy Haslam Biography," Pilot Flying J, September 11, 2014. Retrieved: September 12, 2014.
- "Jimmy Haslam (III) agrees to $1 billion price tag for Browns". Mansfield News-Journal. August 3, 2012. Retrieved August 24, 2012.
- Cabot, Mary Kay (October 16, 2012). "Jimmy Haslam is new Cleveland Browns owner after unanimous approval by NFL". Cleveland.com. Cleveland Live LLC. Retrieved October 17, 2012.
The sale will close Oct. 25, and Lerner will retain a 30 percent stake for four years.
- Patrick Guldan and Pat Murphy (December 28, 2018). "Crew SC officially sold to Edwards, Haslam". MassiveReport.com. SB Nation. Retrieved January 1, 2019.
- Keh, Andrew (December 11, 2020). "Their Team Almost Left Town. Now It's Playing for a Title". The New York Times. ISSN 0362-4331. Retrieved February 4, 2021.