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Rail News: Short Lines & Regionals

OmniTRAX forms audit committee


The Broe Group affiliate OmniTRAX Inc. has established an audit committee as part of the company's strategic growth plan.

The committee will be comprised of OmniTRAX board members, Broe family members and management representatives, OmniTRAX officials said in a press release.

"Given our dramatic pace of growth, we've reached the point where a formal committee's collaborative guidance can really provide invaluable insights to help our executive team leverage our financial performance," said OmniTRAX Chief Executive Officer Kevin Shuba.

Mike Brothers, the managing director in debt capital markets for Fifth Third Bank, will chair the committee. Brothers has two decades of transportation experience and has extensively aided privately held entrepreneurial businesses.

"Mike's knowledge of the company from working with us for 20 years and his leadership will help the audit committee provide the guidance to enable strong fiscal agility and certainty as we weight future strategic opportunities," Shuba said.

A founding OmniTRAX board member, Brothers participated in the recruitment of the current management team and its most recent board additions.


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