RichS Posted October 9, 2014 Report Share Posted October 9, 2014 NEWS RELEASEFOR IMMEDIATE RELEASE For media inquiries contact: Scott Black (214) 520-3430 ext. 303sblack@tprm.com LAS VEGAS – October 9, 2014 – Shelby American, a wholly owned subsidiary of Carroll Shelby International Inc. (CSBI:PK), today announced the reorganization of its executive management team to meet anticipated global demand for its vehicles and parts. CFO Keith Belair will be named chief operating officer, reporting to CEO Joe Conway, while vice president of Shelby Performance Parts Akos Feher will become vice president of operations. Gary Patterson will serve as vice president of Strategic Sales and Media Relations. Keith Criswell will be named director of Shelby Performance Parts and JoAnn Mansell will become controller.“While Shelby American traditionally focused on the North American market, we’ve been transitioning into a global company over the past year,” said Joe Conway, CEO of Shelby American and Co-CEO of Carroll Shelby International. “The first step was to relocate to a facility near the Las Vegas executive airport. Simultaneously, we streamlined our manufacturing processes and began investing in our next generation of product to follow the Ford Mustang worldwide. Now we’re realigning our team to optimize development and production of our class-leading vehicles.”Keith Belair has served as Shelby American CFO for the past six years. He joined Shelby after serving as CFO at OpX Capital Partners. Prior to his work there, Keith was CFO for XC Networks, the largest private cross border telecommunications company between the U.S. and Mexico. During his time with XC, Keith supported the company’s international operations. Previously, he spent more than a decade in venture capital and automotive vendor finance, in addition to a stint in Tokyo with a subsidiary of the Toyota family of companies.“As a car enthusiast, I’ve enjoyed being part of the Shelby American team during some of its most successful years,” said Belair. “I look forward to leveraging my experience, both domestically and abroad, to help Shelby expand profitably. This reorganization positions Shelby American perfectly to meet our global ambitions.”Feher rejoined Shelby American in May 2014 to head up the Shelby Performance Parts division. An experienced engineer, he previously served as the Director of Production and Strategic Planning at Shelby American when the company was building both pre-title and post-title vehicles. He also helped create Shelby Performance Parts and Team Shelby. Feher has extensive experience with international automotive projects.As vice president of operations, Feher will oversee all current Shelby vehicles production at the Las Vegas facility. He will also manage production, the parts inventory and paint facility. In addition, Feher will direct all R&D as he works directly with Ford Motor Company and Ford Racing on new vehicles.Gary Patterson has been a key team member at Shelby from the birth of the continuation Cobra to the Series 1 program through the current Mustang and Raptor based vehicles. He joined Shelby in 1996 and has been a vice president at Shelby American since 2005.In his new role, Patterson will manage corporate communications and a broad range of strategic consumer initiatives and experiences. Leveraging his extensive background with Shelby, he will oversee a variety of programs that interact directly with enthusiasts and the media. Patterson will also play a key role in the oversight of Team Shelby for Shelby American. He will report to Mr. Conway and provide day-to-day support to Mr. Belair.Aftermarket veteran Keith Criswell has been managing the wholesale department in the Shelby Performance Parts division. Joann Mansell has been accounting manager for the past several years. Both were promoted into their new roles on October 10.“Just like Carroll Shelby did throughout his leadership of the company, we’re placing talented people in positions where they can have the maximum impact on our business,” said Conway. “This multi-year plan will help us deliver even better vehicles and parts much faster to a customer base that stretches from the USA to Asia, South America and Europe. Shelby American is about to write an entirely new chapter in its history.”About Shelby American, Inc.Shelby American manufactures and markets performance vehicles and related products. The company builds authentic continuation Cobras, including the 427 S/C, 289 FIA and 289 street car component vehicles. Shelby American offers the Shelby 1000, GT500 Super Snake, GT and GTS post-title packages for the 2005-2014 Ford Mustang, as well as the 2013-2014 Shelby Focus ST and 2012-2014 Ford Raptor. For more information, visit www.shelbyamerican.com. ### Link to comment Share on other sites More sharing options...
grsybtch Posted October 9, 2014 Report Share Posted October 9, 2014 Best wishes for success to the new team! Link to comment Share on other sites More sharing options...
Alcan KobRa Posted October 9, 2014 Report Share Posted October 9, 2014 Sounds very exciting! AK. Link to comment Share on other sites More sharing options...
shel-b001 Posted October 9, 2014 Report Share Posted October 9, 2014 Congrats to the new SAI Team Link to comment Share on other sites More sharing options...
Larry T Posted October 9, 2014 Report Share Posted October 9, 2014 Awesome news !! Link to comment Share on other sites More sharing options...
19again Posted October 9, 2014 Report Share Posted October 9, 2014 Congratulations to the new team. Link to comment Share on other sites More sharing options...
kstrong Posted October 9, 2014 Report Share Posted October 9, 2014 Too bad one of the most respected former employees, Jer, could not fit in this team. Wish you well SAI. Link to comment Share on other sites More sharing options...
Denstang65 Posted October 9, 2014 Report Share Posted October 9, 2014 GO TEAM GO Link to comment Share on other sites More sharing options...
jerseygator Posted October 9, 2014 Report Share Posted October 9, 2014 Congrats to all! Link to comment Share on other sites More sharing options...
MY500SS Posted October 9, 2014 Report Share Posted October 9, 2014 Congrats team. All the best for a long and successful run. Link to comment Share on other sites More sharing options...
HARALD KELLEY Posted October 9, 2014 Report Share Posted October 9, 2014 Love new chapters in history and change is good. Nothing to be afraid of. Congrats to the new Shelby American Team. Link to comment Share on other sites More sharing options...
VorpalBunny Posted October 9, 2014 Report Share Posted October 9, 2014 Congratulations to the new team. I look forward to all they bring to the table! David Link to comment Share on other sites More sharing options...
twobjshelbys Posted October 9, 2014 Report Share Posted October 9, 2014 Hmmm, no mention that Gary is also chief test pilot driver Congrats and good luck to all! Maybe CSBI will be worth more than 0.14/share some day! With no sales today, it's the only thing I own that didn't go down on today's Black Thursday nosedive. Link to comment Share on other sites More sharing options...
ilmor Posted October 10, 2014 Report Share Posted October 10, 2014 Best of luck! Hope you all are truly ready to be "global"! Link to comment Share on other sites More sharing options...
QuickSilverShelby Posted October 10, 2014 Report Share Posted October 10, 2014 Good news, AJ is gonna kick butt as VP of operations. Way to go AJ! QSS Link to comment Share on other sites More sharing options...
Don Johnston Posted October 10, 2014 Report Share Posted October 10, 2014 I am cautiously optimistic and hopeful that customer relations will improve (as well as they did when Jer was aboard for his short time, as well as Roger and Sharon) and questions will be answered promptly, supplies readily available and the support of TS will continue. Press releases are only as good as the results that sustain them. Link to comment Share on other sites More sharing options...
Frank S Posted October 10, 2014 Report Share Posted October 10, 2014 Best wishes to the Corp. and the Team. Just hoping the deck chairs don't really need rearranging. Link to comment Share on other sites More sharing options...
Boris Bogdanich Posted October 10, 2014 Report Share Posted October 10, 2014 Don't drink the Koolaid yet! Link to comment Share on other sites More sharing options...
ilmor Posted October 10, 2014 Report Share Posted October 10, 2014 OK, new global executive management team, what's your response to this... http://mustangsdaily.com/blog/2014/10/01/hennessey-previews-717-horsepower-2015-mustang-hpe700/ and this... http://www.foxnews.com/leisure/2014/10/09/meanest-new-ford-mustangs/ and this... http://www.topspeed.com/cars/saleen/2015-saleen-302-mustang-ar164196.html Link to comment Share on other sites More sharing options...
David Hawkins Posted October 10, 2014 Report Share Posted October 10, 2014 Glad to see that Gary Patterson is still there......................... Link to comment Share on other sites More sharing options...
QuickSilverShelby Posted October 10, 2014 Report Share Posted October 10, 2014 Don't drink the Koolaid yet! Link to comment Share on other sites More sharing options...
QuickSilverShelby Posted October 10, 2014 Report Share Posted October 10, 2014 OK, new global executive management team, what's your response to this... http://mustangsdaily.com/blog/2014/10/01/hennessey-previews-717-horsepower-2015-mustang-hpe700/ and this... http://www.foxnews.com/leisure/2014/10/09/meanest-new-ford-mustangs/ and this... http://www.topspeed.com/cars/saleen/2015-saleen-302-mustang-ar164196.html Just saving the best for last I guess. QSS Link to comment Share on other sites More sharing options...
mikeljgt500kr Posted October 10, 2014 Report Share Posted October 10, 2014 Glad to see that Gary Patterson is still there......................... +1 Link to comment Share on other sites More sharing options...
Z-man Posted October 10, 2014 Report Share Posted October 10, 2014 Glad to see that Gary Patterson is still there......................... Gary still being there makes me feel that Shelby American will be 'alright'. At heart Gary is a car guy....he gets it. However, if Gary ever leaves (for whatever reason), I'm taking that as the first sign of the impending Zombie Apocalypse. Link to comment Share on other sites More sharing options...
DubbsFaris Posted October 10, 2014 Report Share Posted October 10, 2014 Im hearing rumors already from Ford peeps something is in the works!! Stay tuned! Havent heard anything directly from Shelby American yet, but looking at Roush and Saleen, it seems to me they did nothing more than rush and throw together a package that does nothing to excite me. I am MUCH happier if Shelby is not announcing anything yet because they are taking the time to do it RIGHT! Hennessy is another story altogether. I know a LOT of viper guys, and some of the horror stories I hear from them are just unbelievable. Swapping engines without approval or knowledge of owners, etc. Then owning a Raptor I hear stories from those guys as well. The raptor that was used on Top Gear that first year? The owner brought it up to Hallett during Mid America in 2012. He gave me a laundry list of issues he had with them too. I try to take complaints with a grain of salt though, and I think competition can only be a good thing! Link to comment Share on other sites More sharing options...
David Hawkins Posted October 10, 2014 Report Share Posted October 10, 2014 Im hearing rumors already from Ford peeps something is in the works!! Stay tuned! Havent heard anything directly from Shelby American yet, but looking at Roush and Saleen, it seems to me they did nothing more than rush and throw together a package that does nothing to excite me. I am MUCH happier if Shelby is not announcing anything yet because they are taking the time to do it RIGHT! Hennessy is another story altogether. I know a LOT of viper guys, and some of the horror stories I hear from them are just unbelievable. Swapping engines without approval or knowledge of owners, etc. Then owning a Raptor I hear stories from those guys as well. The raptor that was used on Top Gear that first year? The owner brought it up to Hallett during Mid America in 2012. He gave me a laundry list of issues he had with them too. I try to take complaints with a grain of salt though, and I think competition can only be a good thing! On Top Gear, wasn't that one of the First Raptors out? I always hear never buy a First Year of a New Vehicle because of all the problems they tend to have. Link to comment Share on other sites More sharing options...
BIKEBOY Posted October 10, 2014 Report Share Posted October 10, 2014 I am cautiously optimistic and hopeful that customer relations will improve (as well as they did when Jer was aboard for his short time, as well as Roger and Sharon) and questions will be answered promptly, supplies readily available and the support of TS will continue. Press releases are only as good as the results that sustain them. +100 Link to comment Share on other sites More sharing options...
Akos (AJ) Posted October 10, 2014 Report Share Posted October 10, 2014 I am cautiously optimistic and hopeful that customer relations will improve (as well as they did when Jer was aboard for his short time, as well as Roger and Sharon) and questions will be answered promptly, supplies readily available and the support of TS will continue. Press releases are only as good as the results that sustain them. As far as SPP goes, customer complaints and issues have been dramatically reduced in the past 3-4 months. When customers email or call us directly rather than using TS for questions and issues, we are usually able to find a solution in a day or less. We have been revamping our supply chain and have improved product availability. At the same time, our revenues and profit margins have significantly improved compared to past years. The SPP team has gone through a significant transformation, and it has been kicking major butt! Team Shelby has been going through a reorg as well, you'll start seeing the results of the new TS management (Tracey Smith) very soon. AJ Link to comment Share on other sites More sharing options...
MMcGuirk Posted October 10, 2014 Report Share Posted October 10, 2014 As far as SPP goes, customer complaints and issues have been dramatically reduced in the past 3-4 months. When customers email or call us directly rather than using TS for questions and issues, we are usually able to find a solution in a day or less. We have been revamping our supply chain and have improved product availability. At the same time, our revenues and profit margins have significantly improved compared to past years. The SPP team has gone through a significant transformation, and it has been kicking major butt! Team Shelby has been going through a reorg as well, you'll start seeing the results of the new TS management (Tracey Smith) very soon. AJ My personal experience recently with SPP can attest to AJ's comments....significant improvement to best in class performance on multiple orders! Link to comment Share on other sites More sharing options...
07gt500conv Posted October 13, 2014 Report Share Posted October 13, 2014 Thats great and I hope all the best for SA.... I just hope the customer service improves.... I have been leaving voice mails on a Monday for Keith and he returns a email on a Friday...is SA so busy it takes a week to get a response? Been trying to work with him on some parts and its going on 4 weeks? Link to comment Share on other sites More sharing options...
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