Kevin Shuba, who has served as CEO of OmniTRAX since 2013, has accepted a new role with the short line railroad and transportation management company’s parent organization, The Broe Group. R.J. Corman Railroad Group, LLC has appointed Michael Donfris as Chief Financial Officer.
Shuba will now lead the development of a company-wide portfolio growth plan for the Denver-based Broe Group, which directs a multibillion-dollar portfolio of real estate, transportation, energy and investment assets spanning North America.
“I am confident that the fundamental approach to identifying strategic market opportunities at OmniTRAX will translate effectively to a successful growth strategy for The Broe Group,” Shuba said.
OmniTRAX President Sergio Sabatini is taking on the duties of interim CEO. OmniTRAX Board Chair Cameron Scott will lead the search for a new CEO.
Donfris joins service provider and short line operator R.J. Corman Railroad Group with 34 years of finance, strategy and accounting leadership experience. He served most recently as Global Vice President at Flowserve, a manufacturer and service provider of flow control systems. Donfris has also held the positions of Vice President Finance and Chief Accounting Officer at Trinity Industries, and Director Corporate Finance and Analysis at Kimberly-Clark, a consumer products and industrial company.
“I am pleased to welcome Michael to our leadership team,” President and CEO Ed Quin said. “His deep and broad experience in leading financial operations and implementing strategic solutions within highly integrated and diversified industrial companies is well suited for R.J. Corman. I am confident he will make an immediate impact as we continue to grow.”