Drax Industries

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Drax Industries
Draxx1.jpg
General information
Founded D168, Y5
Status Active
Type Publicly Traded
Leader Arkhaios Plaga
Founder Malakai Brooks
Industry Ships
Products Minstrel-Class Yacht
Xiytiar Super Transport
Pursuer Enforcement Ship
Cloakshape/H Fighter
Holosite DraxIndustries.webs.com


Drax Industries is a public multinational corporation headquartered in Pimbrell, Kathol that develops and manufactures a wide variety of starships. It was established on 168, Y5 by Malakai Brooks to service the Kathol Republic. Since the dissolution of the Republic, the company has turned public and primarily designs and markets specialty and luxury freighters. Arkhaios Plaga is the current President and Chief Executive Officer.

History

Drax Industries was formed Malakai Brooks on 168, Y5. The company was founded to serve as The Kathol Republic's primary contractor in the fields of naval architecture and aerospace engineering. With the official recognition of the Kathol Republic as a major government late in Y6, Drax Industries was able to secure major funding from the government in order to meet the constant demand from the Kathol Republic Guard.

The first shipyard constructed by Drax Industries was the “Kathol Republic Yards", a Kalvati-class Shipyard. At the time of its completion it was the largest shipyard in the Outer Rim, and it is still among the largest in the Tri-sector area. The Station is still in use today, though it no longer produces to fill military contracts.

The fall of the Kathol Republic and its Reformation as the Krath Dynasty saw Drax Industries fall on hard times. Without the Kathol Republic Guard contracts on which the company had been founded, Drax Industries had major difficulties funding the same scope of projects they had grown accustomed to managing. It was during this transitional period that the company decided to co-found a small conglomeration made up of estranged former Kathol Republic nationalized companies by the name of Malakia Incorporated, so named to honor the late founder of Drax. The conglomeration has since been disbanded.

Fortunately for Drax, over the years the company's efforts in the Pimbrell system improved the economy so much that the local population handed over political control to the company, allowing the company to leave the Krath Dynasty without major complications. The Population of the Pimbrell System, largely made up of pacifist followers of Pinacism, had no use or desire for warships. To fill the needs of the people it now governed, Drax Industries began to focus its efforts on multi-purpose and utility freighters by constructing smaller shipyards and many factories in the system.

This new source of income, though substantially lesser than the military contracts of previous years, was sufficient to ensure the continued growth of the company. As a show of gratitude, the company turned to looking into the needs of the people of the Pimbrell System. Over the next three years, the company funded places of worship for the Pinacist population of the system as well as state of the art hospitals, libraries, museums, educational institutions and public media outlets.

Earlier this year, Arkhaios Plaga purchased the majority share in the company for an undisclosed amount, though economists have projected the figure to be around 13 Billion credits.[1]

Corporate Affairs

The company is run by a board of directors made up of mostly company outsiders, as is customary for publicly traded companies. Members of the board of directors as of Fiscal Year 12 include Arkhaios Plaga, Cipher Thorstein, Dakha Rednax, Elm Aran, Helena Gladio, Jace Kavdar, Jiheb Sohcahtoa, Photino Friovor, and Rukia Elensar. Board members are elected every year at the annual shareholders' meeting using a majority vote system.

There are nine members elected to the board of directors each year: the Chairman and CEO of Drax Industries, the Executive Vice President of Drax Industries, two current or former ship industry Presidents or Vice Presidents, two current or former finance industry Presidents or Vice Presidents, and three current or former production/mining industry Presidents or Vice Presidents, each of whom must represent a different industry. As an additional qualification, each member must not currently hold a major political or military position with any government or paramilitary organization (i.e Senator, Moff, General).

The primary responsibilities of the board of directors is to constantly evaluate the executive board of the company as well as recommending and approving appointments to the board. The board also determines the overarching business and marketing strategies to be employed by the company, sets salary levels, and ensures that company business practices are fair and ethical.

Products

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