Aaron Shelby, grandson of the company founder has joined the board of Carroll Shelby International, Inc., (OTC: CSBI.PK). In his new role, Mr. Shelby will work directly with Ford Motor Company and help expand CSI globally.
“Carroll Shelby International’s strong growth over the past four years requires another talented individual on the board to maintain our momentum,” said Neil Cummings, Co-CEO of Carroll Shelby International. “Joe Conway and I initially tapped Aaron to represent Shelby American at Ford Motor Company events upon Carroll’s death to demonstrate the company’s strong future. Since then, he’s helped strengthen our solid relationship with Ford. As we continue transforming Shelby into a multinational brand and corporation, we’ll continue adding the finest minds to help reach our objectives.”
Both an accomplished business person and auto enthusiast, Aaron Shelby is a native of Dallas, Texas. He is equally at home behind the wheel of his 2015 Ford Shelby GT350 as he is in the boardroom.
“Aaron Shelby is a great addition to the Carroll Shelby International board,” said Joe Conway, Co-CEO of Carroll Shelby International. “The timing is ideal because Aaron is joining us just as our plans to restructure, refine and refocus the Shelby entities are coming to fruition. Much like his grandfather, he’ll contribute great energy and fresh ideas, as well as solid experience to the company. We’re pleased that another Shelby family member is actively involved in the organization.”
Mr. Shelby earned a Bachelor of Science in Commerce – Finance degree from Santa Clara University and started his career as a credit analyst at Inwood National Bank in Dallas. He then moved on to operate his own business, Mr. Bracket. The automotive accessory company distributed products through aftermarket retailers.
After selling Mr. Bracket, Aaron Shelby joined LegacyTexas Bank. With his father Patrick as Chairman, he continued the family’s association with the bank. With the consummation of a merger in January 2015, with another local Dallas area bank LegacyTexas is now public (NASDAQ: LTXB) and Aaron’s role has evolved to be Executive Vice President over Commercial Lending and operating as the Subsidiary Manager overseeing LegacyTexas Insurance, LegacyTexas Title and the LegacyTexas Mortgage. In addition to banking, Aaron operates the Shelby family’s timber business in East Texas and sits on the Board of Directors for the Dallas Children’s Theater, Shelby Automotive Museum and Carroll Shelby Foundation.
“Joe Conway and Neil Cummings have done a great job positioning Carroll Shelby International for a bright future,” said Aaron Shelby. “I want to help continue that success by leveraging my business background, close industry relationships and dedication to our family heritage. This is an opportunity to build upon the legacy that my grandfather and his board earned over the past 50 years.”
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