Newspaper article St Louis Post-Dispatch (MO)

Shipley, Larry 1956-2018. Entrepreneur and Agribusiness Executive

Newspaper article St Louis Post-Dispatch (MO)

Shipley, Larry 1956-2018. Entrepreneur and Agribusiness Executive

Article excerpt

Shipley, Larry 1956-2018. Entrepreneur and Agribusiness executive, Larry Shipley, 62, died suddenly at his South Dakota home on November 4th, 2018. Shipley was the President of IBP Enterprises (1997-2001) and Chief Financial Officer, IBP Inc. (1994-2001). Headquartered in facilities that Shipley designed and constructed in Dakota Dunes, South Dakota, IBP was a $17 billion Fortune 120 company known worldwide as the premier producer of fresh beef and pork. Shipley was born Fred L. Shipley, Jr., in 1956 in St. Louis, the third of four sons to Fred Larimore and Virginia Lee (Daly) Shipley. He grew up in suburban St. Louis where he attended Our Lady of the Pillar elementary school and graduated from DeSmet Jesuit High School in 1974. He earned a bachelor's degree in Mechanical Engineering with an electrical engineering minor from Purdue University in West Lafayette, Indiana, in 1977 and graduated with a Master of Science in Marketing (MBA) from Purdue's Krannert Graduate School in 1982. Shipley worked as a Manufacturing Process Engineer with Mid-America Dairymen (1978-1980) in Springfield, Missouri, and Director of Dairy Consulting Services (1982-1989), providing a broad range of consulting services to boutique firms and Fortune 500 corporations. He was recruited to join IBP in 1989 as Assistant to the President, working alongside IBP's CEO in the day-to-day management of the company. Shipley later served as Assistant to the Chairman (1990-1994) and was promoted in 1994 to Executive Vice President Corporate Development and then Senior Vice President Corporate Development. His contributions included establishing an award-winning corporate web site and the $670 million acquisition of Foodbrands America. In 1997, Shipley became IBP Chief Financial Officer and President IBP Enterprises. Under his leadership, he integrated eight acquired companies into the corporate portfolio, established the company's first e-commerce presence, and developed foreign operational and investment joint ventures in Korea, China and Russia. …

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