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OmniTRAX Forms Audit Committee to Pace Future Corporate Performance
Posted On: August 18, 2020

Former Board Chair Mike Brothers Leads Financial Initiative

 

DENVER –– OmniTRAX, one of the fastest growing railroads in North America and an affiliate of The Broe Group, announces Mike Brothers will chair its newly established Audit Committee as part of the company’s strategic growth plan. Audit activities were previously the responsibility of the entire board. The Audit Committee will be comprised of OmniTRAX board members, Broe family members and management representatives, and commences its work immediately.

“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 Kevin Shuba. “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 weigh future strategic opportunities.”

Known for its best-in-class service and safety industry performance, OmniTRAX’s enhanced attention to its financial reporting positions the company to build on its record-setting performance. The Audit Committee is tasked with delivering industry-leading financial reporting and analysis to inform company strategy.

Brothers, a founding OmniTRAX board member, participated in the recruitment of the current management team and its most recent board additions, and is uniquely qualified to lead the new committee’s work directly supporting company leadership.

“OmniTRAX assembled a world class leadership team that continues to post impressive growth,” said Mike Brothers. “Our committee work will ensure that leadership has the critical financial tools to maintain its extraordinary trajectory.”

A Chicago native, Brothers currently serves as managing director in debt capital markets for Fifth Third Bank and combines two decades of transportation experience with an extensive career aiding privately held entrepreneurial businesses. He graduated from Bradley University and holds a MBA from The University of Notre Dame.

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