Aaron Shelby, grandson of the company founder, has joined the board of
Carroll Shelby International, Inc., (OTC Pink: CSBI). In his new role,
Mr. Shelby will work directly with Ford Motor Company and help expand
CSI globally.
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Aaron Shelby, grandson of the company founder, has joined the board of Carroll Shelby International, Inc. (Photo: Business Wire)
“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.”
About Shelby American, Inc. and Carroll Shelby Licensing
Shelby American (www.shelby.com),
a subsidiary of Carroll Shelby International, Inc., manufactures high
performance vehicles under the lineage of automotive manufacturing icon
and entrepreneur Carroll Shelby. The company is involved in vehicle
manufacturing, design and engineering projects under a license agreement
with Carroll Shelby Licensing Inc.
Carroll Shelby founded his licensing company in 1988 and Carroll Shelby
Licensing, Inc., is the exclusive holder of Shelby’s trademarks and
vehicle design rights for all automotive products, which include some of
the world’s most famous muscle cars and high- performance vehicles,
including the car that brought home to the U.S. its first and only FIA
World Manufacturers Championship in 1965, the famous Shelby Cobra
Daytona Coupe. It also licenses Shelby-branded apparel, accessories and
collectibles for all things automotive. For additional information, call
(310) 914-1843, fax (310) 538-8189, write Carroll Shelby Licensing,
Inc., 19021 S Figueroa St., Gardena, CA, 90248, or visit www.shelby.com.
Safe Harbor Statement
The statements contained in this press release that are not purely
historical, including statements regarding the Company’s expectations,
hopes, beliefs, intentions, or strategies regarding the future, are
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the Securities
Exchange Act of 1934, as amended. Actual results may differ materially
from those expected because of various known and unknown risks and
uncertainties, including, but not limited to, the continuing effects of
the U.S. recession and global credit environment, other changes in
general economic and industry conditions, the award or loss of
significant client assignments, timing of contracts, recruiting and new
business solicitation efforts, currency fluctuations, and other factors
affecting the financial health of our clients. These and other risks are
described in the Company’s most recent annual report on Form 10-K and
subsequent reports filed with or furnished to the U.S. Securities and
Exchange Commission. The forward-looking statements included in this
press release are based on information available to the Company on the
date hereof, and the Company assumes no obligation to update any such
forward-looking statements.
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