Haslam Says He Won’t Step Down As CEO

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KNOXVILLE, Tenn. -- Cleveland Browns owner Jimmy Haslam said during a press conference Friday he will not step down as CEO of Pilot Flying J in light of a federal investigation.

"Candidly...I haven't done anything wrong...and if there was ever a time the company needed leadership, it is now," said Haslam.

Federal agents raided the company's headquarters in Knoxville earlier this week as they concluded an investigation that began in May 2011.

A federal affidavit indicates that a confidential informant told investigators that Haslam and Pilot Flying J’s current president knew about fraud relating to unpaid rebates. The documents say Haslam and the company president were in the room when the fraud was discussed.

During Friday's press conference, Haslam said he and his company have tried to be transparent about the situation and investigation.

"We feel confident this company is run the right way, and will continue to be run the right way," he said.

Haslam said Pilot Flying J will continue its own investigation, and if it yields any inappropriate behavior, "we'll take immediate action."

Haslam did not take questions from the media during the press conference.

For a full statement released by Haslam Friday, click here.

For extended coverage on this story, click here.

Darcie Loreno April 19, 20134:10 pm

Haslam ends the press conference — takes no questions from reporters

Darcie Loreno April 19, 20134:10 pm

Haslam: We will do everything possible to…keep you updated, and anytime we have anything that merit’s a conversation like this…we’ll do it.

Darcie Loreno April 19, 20134:09 pm

Haslam: We continue our own investigation, and if it yields anything that’s not appropriate in the way we expect everyone to act…we’ll take immediate action.

Darcie Loreno April 19, 20134:08 pm

Haslam: We feel confident this company is run the right way, and will continue to be run the right way.

Darcie Loreno April 19, 20134:04 pm

Haslam says he will not step down as president. “Candidly, I haven’t done anything wrong…and if there was ever a time the company needed leadership, it is now,” he said.

Darcie Loreno April 19, 20134:03 pm

Haslam says he’s been very transparent and “We think it’s very important to communicate with you about what’s going on.”

Darcie Loreno April 19, 20134:02 pm

Browns owner Jimmy Haslam begins press conference to address the investigation of his company, Pilot Flying J…