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David Shelby


1940 - 2017 Obituary Condolences Gallery
David Shelby Obituary
David Thomas Shelby of Chapel Hill, NC and Vero Beach, FL, formerly of Winnetka, IL and Leland, MI, died on October 15 in Chapel Hill. David was born on July 6, 1940 in Grand Rapids, Michigan. He received his BBA (1962) and MBA (1964) from the University of Michigan with a concentration on international finance. On June 8, 1963 he married his college sweetheart, Carole Lynne Heiny. After graduation, he began an 18-year career working for Ford Motor Company's International Division headquartered in Dearborn, MI. From 1967-1976 he and his family lived in Sao Paulo, Brazil where Ford had a major presence. In 1980 David accepted a job with International Harvester, and the family moved to Winnetka, IL. While working for Harvester David and his family spent two years in Paris (1983-1985) where he served as Senior Vice President and General Manager of International Harvester Europe. Returning to the US in 1985, David and Jack Rutherford, the CEO of International Harvester, started their own firm, ICM Industries, focused on turning around distressed manufacturing firms. In 1989, the year the Berlin Wall came down, the partners accepted an assignment with Tatra, Czechoslovakia's largest truck maker, to help westernize the company. For two years the two men and a third partner spent one of every three weeks in Czechoslovakia. After closing down ICM Industries in 1995, David started a small private investing company, Northport Private Equity LLC. David initiated the Wolverine Venture Fund at the University of Michigan, which provided a forum for graduate students to present their business plans and compete for cash prizes. He also served as an adjunct lecturer on entrepreneurship at the University of Michigan and Northwestern University. He was a board member of the University Club of Chicago and served on the board of governors of Indian Hill Country Club in Winnetka. David was a multifaceted, energetic, athletic, curious and adventurous person. In high school he attained the rank of Eagle Scout and then Sea Scout. Like his father, David was a lifelong, avid sailor who was proud of earning his 100 ton Merchant Marine captain's license even though he knew he would never use it. He was a licensed private pilot and a voracious reader who was extraordinarily knowledgeable about naval and military history and Shelby family genealogy. He also built beautiful, two-person wooden boats and was always seen with a golden retriever at his side. David loved his life and especially his family, Carole, his wife of 54 years, and their three children, Josh Gilbert (Kaylyn), Christian Thomas (Sarah), and Paige Parker Ouimet. His seven grandchildren, Kathryn Jane (20), Emma Rose (18), Brooke Louise (15), John William (14), Sabrina May (13), Isabella Grace (6) and Evalyn Faith (3), provided him with great joy. The family requests that any donation in David's memory be made in support of Dr. Daniel George's research efforts at Duke Cancer Institute, 710 W. Main St, Suite 200, Durham, NC 27701 or www.gifts.duke.edu/dci.
Published in a Chicago Tribune Media Group Publication on Dec. 7, 2017
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