bruce plested, mainfreight

Recent reads includeKleptomania: How Dirty Money is Conquering the World by Tom Burgiss, and Affluenza by Oliver James, a treatise on how consumerism on steroids is making people miserable and unfulfilled. When the company was founded it entered a highly regulated transport market. Appointment to Board 1978 - With Mainfreight since 1978. Currently, he is Executive Chairman at this company and Chairman of Mainfreight GmbH (a subsidiary of Mainfreight Ltd.). He says Plested's motivation mixes incentives with responsibility. [17], "Shareholding Information - Mainfreight Limited", "Mainfreight co-founder Neil Graham dies", "Road transport regulation a controversial measure to protect railways", "Mainfreight announces agreement to acquire Halford International", "Mainfreight breaks into Europe with $227m acquisition", "Mainfreight sues for $18m after shock client loss", "Mainfreight gets $14m payout - drops Euro claim", "The Wim Bosman Group becomes Mainfreight", "Mainfreight sells Pan Orient Project Logistics and its 75% shareholding in LEP (New Zealand and Australia) for over A$83 million", "Mainfreight Limited (Mainfreight) completes sale of Pan Orient Project Logistics", "Target Logistics, Inc. Agrees to be Acquired by Mainfreight Limited", https://en.wikipedia.org/w/index.php?title=Mainfreight&oldid=1136159997, Daily Freight (NZ), Carotrans (Worldwide), Owens (AU/NZ), ChemCouriers (AU/NZ) Mainfreight Europe (EU), This page was last edited on 29 January 2023, at 01:07. Books are important to him. Alternatively, email editorial-team (at) simplywallst.com. Fri, 13 May 2022 "I've always been interested in education. Mainfreight has a policy of developing people and promoting them internally. Here, he shares the lessons of his career with CIOs everywhere. . Every investor in Mainfreight Limited ( NZSE:MFT ) should be aware of the most powerful shareholder groups. He has a home on Waiheke and said the marina was not in the locals' interests. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. Thats at least 10% of the branchs profit, and we paid worldwide $28 million in profit bonuses last year, Drinkwater says. He recalls how he and friends would swing off ropes on to the cliffs beneath what is now the Devon Park apartment tower at Stanley Point to dig large metal object out of the banks. If youre in the kitchen or the branch manager, you get the same amount of dollars based on your branchs performance, Drinkwater says. Ideas. The gift cost more than $4 million of his own money. [4] In 1998, Mainfreight acquired Australian freight forwarder ISS Express lines, subsequently establishing an Australian international freight business. FedEx remains UPS's biggest competitor. ", Selwyn says Plested has personal qualities that make this management style work. Weve been very innovative to the business, he says. The Mainfreight instruction manual is short: Feel the fear but do it anyway. Today's top 343 Engineer jobs in Grenoble, Auvergne-Rhne-Alpes, France. Under the visionary eye of founder and chairperson Bruce Plested, they say, the company's performance has demonstrated "total consistency, total focus". Insights Newsletter. Likewise, his strongly-held beliefs relating to the importance of education and of recycling/ sustainability . Founder Bruce Plested and Group President Don Braid highlighted this exciting site at the annual general shareholders meeting! New Engineer jobs added daily. It's grotesque if you see what they're trying to do," Plested said of Tony Mair's 186-berth marina proposal for Putiki Bay, Kennedy Point. Despite the protests, his view is the score is now 18 down, one to go. It features a cartoon character Duffy at the bottom, with a monthly saying, such as Have you read to your children today?. Bruce George Plested founded Mainfreight Ltd. Plested got in touch with Duff after seeing the writer in a documentary, talking about the state of New Zealand. On the plus side for Mainfreight shareholders, Bruce Plested has elected not to receive remuneration (i.e. At the time Plested said he just wanted to say thank you to the people who had given him so much. [7] This takeover was in response to the purchase of Tranz Rail by Australian transport firm Toll Holdings. In November 2014, Mainfreight acquired a regional air and sea freight company located in Dunedin. Likewise, his strongly-held beliefs relating to the importance of education and of recycling/ sustainability, continue to positively shape the Companys behaviours. Shares go up and down.". Working with Ngti Poa Iwi Trust Board and others in the community are aspects he takes pride in. "I've always been interested in education. How Cisco maintains a new sustainable startup model, producing the next generation of industry-leading technologies. Plested and Braid are based at unfashionable Otahuhu in South Auckland. [9], Within its announcement, the Mainfreight sad, "Wim Bosman is a well respected, profitable organisation which will provide Mainfreight with a significant European presence and opportunity to further grow its supply chain logistic services throughout the world. On March 9, Heron Construction Co sent in the 180-tonne barge Calliope, a 50m x 20m structure topped by a 150ft beam crane, able to lift the heavy gear into place at Kennedy Point. Port of Tauranga was up 4c to $7.30, and Marsden was down 3c to $6.02. He is also on the board of Rorohara No 2 Trust. Mainfreight executive chairman Bruce Plested is the winner of the Deloitte Top 200 Visionary Leader 2014 Award. Mainfreight, formed in 1978, has 240 branches. Mair is using Swedish technology from a floating marine business in Gothenburg. From there, providing you have passion, the Mainfreight . Our data reflects individual insiders, capturing board members at the very least. It's the answer to poverty, says Mainfreight co-founder Bruce Plested. It's all part of the firms celebrated Mainfreight way. Please note that with cookies disabled you will have a degraded experience with some features. 3. Plested continues to be an avid reader, and lately novels have been saved for plane trips, whereas Plested prefers them to in-flight movies. The government must focus on supporting exporters to innovate. "That was the start of the marina division where we got up to 60 staff eventually.". Mainfreight CEO and Executives. As Chairman and Founder, Bruce shares his vision for the Company with the Mainfreight team, bringing a particular focus to quality and our culture. Bruce George Plested founded Mainfreight Ltd. Baigent said late last year that the organisation hoped for a result by around April and he indicated SKP was well-resourced to carry out the half-decade stoush. They can and probably do influence decisions on executive compensation, dividend policies and proposed business acquisitions. The road to the marina will be widened, improved in a strip around 200m long. Those iwi members are also vowing to stop the scheme, citing the kaupapa of the moana. That noted, before packing your bags you can expect to spend your first few years in Australia building your knowledge, skills and understanding of the Mainfreight way. The certification is based. "[8], In June 2013, Mainfreight launched a lawsuit seeking 11 million or $18 million against Wim Bosman Group's former owners. click here to see if those insiders have been buying or selling. Small company shows how the power of digital can transform lives. People from the outside that take your watch and tell you how to read the time. Precinct's portfolio will be valued at $3.3 billion at the end of June. What sort of money? Now, SKP is going to the Supreme Court to get the High Court ruling overturned and allow it to go back to the Environment Court. Simply Wall St has no position in any stocks mentioned.Have feedback on this article? Appointment to Board 1978 - With Mainfreight since 1978. When such a trade goes wrong, multiple parties may compete to sell stock fast. In the 12 months ended June 2021, the Alan Duff Charitable Foundation received $3.65 million, mostly grants and donations, and included a $110,000 investment dividend. Thats why we divide the profit at the branch evenly. If you do not want us and our partners to use cookies and personal data for these additional purposes, click 'Reject all'. Mainfreight has international operations in the United States through CaroTrans International and most recently Mainfreight International businesses after the 2007 acquisition of Target Logistics, in Asia (nine branches in China, one each in Taiwan, Singapore and Hong Kong). She says Plested learned his management style growing up in blue collar Grey Lynn with Maori and Pacific neighbours. We have to make decisions based on five or ten years, which means often well pay for more now, before we need it, but knowing that we will need it, he says. Mainfreight Limited (NZE: MFT) is a global transport and logistics business based in New Zealand.. Weve probably trebled in size since then, yet were still using the same footprint. Mainfreight group managing director, Don Braid, (l) and chairman, Bruce Plested. Celebrating our founder, Bruce Plested's 80th Birthday at Mainfreight Warehousing Toronto! Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. 1. Their cumulative revenue turnover for 2019 was $300.21 billion. With the takeover of the Owens Group in 2003 they purchased Owens International Australia. enter your email and well send you details. In 2006 the New Zealand Mainfreight International and Owens International businesses were also merged to make Mainfreight Owens International Ltd (now Mainfreight International). Plested says some households ended up with 60 books on their shelves. While peoples salaries reflect their positions of responsibility, the idea is that at a branch level they can only win by playing as a team. Understand how edge computing is transforming business performance, Exit interview: Mainfreight CIO shares tech insights before signing off, dtSearch - INSTANTLY SEARCH TERABYTES of files, emails, databases, web data. The six-bedroom, seven-bathroom waterfront plantation with its own winery is owned by businessman David Parkinson and wife Deidre Crawford. But David Baigent of marina opponents SKP Inc describes the project as "an offensive, elitist edifice". Tilt's share price edged ahead 2c to $8.02. Plesteds early home life was a book-filled one, and his mother would always read to her two sons. People expect more, boats got bigger. The Centre is part of a particularly dynamic ecosystem, within the second French . He was later joined by Neil Graham. The government must focus on supporting exporters to innovate. Profile. Mainfreight Limited began its operations in Auckland, New Zealand in 1978. Mair said he had grown up at Stanley Point in the 1950s, had developed around 18 marinas here and overseas and is vowing to carry on. The index's intraday high was 12,587.68 points. We will remind you three times before charging you. [10] In August 2013, Mainfreight and the family of Wim Bosman reached an out of court agreement for compensation to the tune of 8.2 million or $14 million. Insider ownership is positive when it signals leadership are thinking like the true owners of the company. Daughter Sarah Mair is marketing and sales manager and Tony Mair says more than 1000 people are on the company's database, updated about the project's progress. Its share price increased 1.5c to $1.62. That single transaction was for NZ$3.5m worth of shares at a price of NZ$69.49 each . "When Mainfreight was starting out, people had to work late on Thursday nights loading sea freighters. Bruce Plested, founder of Mainfreight, said his business partner of 36 years was "the humourist and salesman without peer". It is part of a distinct leadership style; a theme that runs through the history of the man and the company he founded with a single Bedford truck and $7000 some 37 years ago. It now has 22 company depots in Australia and relies on agents and third parties in the Northern Territory, Tasmania and some of regional Australia. Today Mainfreight has been transformed into a major international logistics company with 6011 employees working in 233 operations around the world. In the Lyon and Grenoble metropolitan areas, and the Haute-Savoie department, INRAE units contribute to research activities at the Lyon-Saint-Etienne, Grenoble-Alpes, and Savoie Mont Blanc . Mair is the youngest of three. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Brothers David and Kerry are also involved in the boating and marine sectors. Braid says the company offers staff training in every country it operates in. Tony recalls "what we used to call the gut boat", filled with rubbish from boats, discharging near the Rangitoto Island lighthouse. Braid says: "There a capitalist motive behind this, Bruce believes profit is a great motivator.". Nearly a third of the trading value was in Mainfreight, which fell $1.80 or 2.33 per cent to $75.30. Its the right horses for courseswhere we have things very specific to the way we operate, then we will build it, as per our culture, in the way we do it.. Mainfreight Ltd. provides transportation and logistics solutions. The Mainfreight culture is also focussed on the long term, and the business has a 100-year vision. Our data suggests that Bruce Plested, who is also the company's Top Key Executive, holds the most number of shares at 15%. Mainfreight Americas 21,433 followers 7mo Hey there Dallas, TX! There's no Mainfreight head office or military style hierarchy. Take IDCs ERP Modernization Maturity Assessment to benchmark your organizations progress against your peers. Synlait Milk, which supplies a2 Milk, was down 9c or 2.5 per cent to $3.51. "By having a generosity spirit, we get far more back than we give away" - Bruce Plested, Founder and Chairman of Mainfreight. [5] When deregulation of land transport occurred in October 1982, Mainfreight quickly took advantage of the opportunities presented and won a large share of the freight market. transactions overall, the S&P/NZX 50 Index drifted, closing on its low for the day at 12,518.01, down 48.49 points or 0.39 per cent. On 11 June 2007, Mainfreight 'signed a call option deed' to purchase the entirety of the shares of Australian-based Halford International. Northport, a joint venture between Port of Tauranga and Marsden Maritime Holdings, is spending $8m on container infrastructure as volumes increase. Mainfreight is a rapidly expanding international business, so there's no shortage of overseas postings on offer. There is nothing better than having a rugby star saying I would not be an All Black if it weren't for books, says Plested. He has also been involved in organisations outside Mainfreight, notably TUANZ when it was lobbying for a national fibre network a decade ago, and as the current chair of Duffy Books in Homes. On March 9, Kennedy Point Boatharbour began construction on-site of the island's first marina: a 186-berth project with 71 private car parks for berth holders, a new wharf, a central-spine walkway, cafe, offices, toilets, laundry and showers and stand-up paddleboard storage. Plested's. Mainfreight was founded on 6 March 1978 by Bruce Plested who started the company with just $7,200 and a 1969 Bedford truck. 2 Trust's extensive shareholding at $75 a share. That will then be pumped into 110,000-litre tanks under the about-to-be-built wharf for treatment "and then taken away", Mair says. The project is downsized from the original plans. Some small berths in the centre and other longer berths further out into the bay are unsold. They put it up for sale in 2012 with an asking price of. When the company was founded it entered a highly regulated transport market. Other Current Significant Directorships and Trusteeships: BUPA ANZ Pty Limited (Chairman), Adherium Limited, Clearspan Limited, Thinxtra Australia, Starship Foundation, Massey University Foundation. One broker, who didn't want to be named, said Plested no doubt sold the shares to buy an asset. The business may have a requirement, but its our job is to make it even better than what they thought they wanted. Current positions of Bruce Plested Holdings of Bruce Plested Bruce Plested : Personal Network 04/12 Braid says Plested's vision is for the future. He imagines he follows the rules but still gets "hauled off to a concentration camp". He is also on the board of Rorohara No 2 Trust. The Mainfreight culture is what has kept Drinkwater at the company for so long, which he describes as like you would expect a family to be. Mair did an engineering degree in Auckland in the early 1970s, then worked for the once-great Wilkins & Davies. At Mainfreight we all eat at one big long table.". Mainfreight commenced operations in Auckland in 1978 and is the largest freight company in New Zealand. The port company is well advanced with its new 350m long wharf, having installed 380 of the 400 piles, constructed 35 per cent of the deck and completed more than half of the dredging. We were spellbound.. The Mainfreight founder also has a social conscience. His leadership is underpinned by a strong belief in Mainfreights global competency and capabilities to provide high-quality supply chain solutions for our customers. Mainfreight founder Bruce Plested is on the cusp of joining New Zealand's tiny list of billionaires as the global logistics empire he built soars to new heights. They make their own decisions and have autonomy, but they want 'Dad' to be happy with them. Mainfreight chairman Bruce Plested has again used the company's annual report to speak out on social inequality, asking if sharing a percentage of profits among the people who helped create them . That barge was tagged by protesters "we don't want u!!". Braid says instead of these there's a lot of "picking up the phone and talking". During his tenure, Drinkwater has witnessed huge changes in technology. Napier Port held an institutional investor day and rose 14.8c or 4.52 per cent to $3.42. Target operate domestic and international time-sensitive freight-forwarding and logistics services through its wholly owned subsidiary, Target Logistic Services. Our studies suggest that the top 25 shareholders collectively control less than half of the company's shares, meaning that the company's shares are widely disseminated and there is no dominant shareholder. All berths beside the wharf, closest to the land, are pre-sold. The High Court has backed the sale of Tilt Renewables to Powering Australian Renewables (owning the Australian business) and Mercury Energy (taking over the New Zealand business), and Tilt shareholders will meet on July 14 to vote on the deal worth $8.10 a share. There were 76 gainers and 67 decliners over the whole market, with 50.85 million shares worth $278.23m changing hands. The lack of enthusiasm for digital subjects may be because teachers dont have the expertise or passion for technology, and a way to solve this problem could be to have expert teachers come into the schools and teach block courses. The Top 200 Awards judges say he built a global transport company from nothing and has done many wonderful things along the way. Read Less Key Principal: Bruce George PLESTED See more contacts Industry: Warehousing and Storage , Freight Transportation Arrangement , Transportation and Warehousing , General warehousing and storage , Special warehousing and storage, nec When an insider holds a sizeable amount of a company's stock,. "On the back of that, some falls in fixed mortgage rates and the pro Lost crops are expected to knock production by $100m a year. Change to Next-generation, cloud-based ERP systems yield new levels of strategic agility and business insights. Show more. We, Yahoo, are part of the Yahoo family of brands. "We are funding this by donors coming up to us and putting serious financial skin in the game.". Plested is within a hair's breadth of becoming a billionaire - on paper at least - from his Mainfreight stake alone when the shares hit an all-time high $60.10 yesterday, valuing the 16.2 million shares he directly owns or oversees as a trustee at $974.7 million.The shares were trading this morning at $59.30 for a valuation of $960.55 million for Plested's stake.Feted We had trouble validating your card. Essentially the company helps firms move and store goods from A to B via land, air and sea. Duffs confidence in Mainfreight has led to the charity taking a large stake in the company. That while in theory its possible to scale up and down when using public cloud, in reality the latter almost never happens. Board meetings. I just liked reading and it was regarded as being very important at school, he told BusinessDesk, recalling his most memorable teacher was one who was always reading to students. Small company shows how the power of digital can transform lives. "Five-figure sums," Baigent said last year. The shocking amount some people have saved, and why speaking with a financial advisor could help increase your returns and alleviate stress. Chia Sisters introduces game-changing drinks packaging taking inspiration from an unexpected sector. It has been listed on the New Zealand Exchange since 1996. Despite continued strong volume of Reporting is done weekly. [2] In 1979, Bruce Plested partnered with Neil Graham, with Graham based in Christchurch and Plested in Auckland. He recalls the money was for spending, not investing. This may not be consistent with full year annual report figures. This past Friday marked my final day with Mainfreight. Drinkwater says the team are prescriptive about the software they deploy, and they often opt for bespoke solutions that are specific to Mainfreights business. But Plested also devours books that look askance at the global economic system. Plested has planted 100,000 native trees to bring bird life back to parts of the country and, Braid says, he insisted on the firm using recycle bins long before they were common. Having started his own freight business in 1978 when he set out with $7200 and an old Bedford truck, 78-year-old Plested now chairs a global juggernaut that goes from strength to strength. authenticate users, apply security measures, and prevent spam and abuse, and, display personalised ads and content based on interest profiles, measure the effectiveness of personalised ads and content, and, develop and improve our products and services. The firm's Australian domestic freight and logistics division, Mainfreight Distribution, began operations in 1989, with an operation in Sydney. Drinkwater has contributed to the local CIO community and has regularly featured in the CIO50 New Zealand Awards in 2019 he was No. Bruce would make sure there was a roast dinner laid on for everyone who helped.". Normally institutions would own a significant portion of a company this size. His visits to our local and overseas operations guide our teams to be sales-focused and always aiming for operational excellence. Together we believe that for our tamariki "Anything is Possible.". The cheapest berths went for $180,000. He is most proud of his professional qualifications. Visit Lyon. The Top 200 Awards judges say he built a global transport company from nothing. It's always worth thinking about the different groups who own shares in a company. Property market metrics show the national average asking price is now almost $100,000 down on a year ago. Its his view that many CIOs fall into the cloud sprawl trap. Current positions of Bruce Plested Holdings of Bruce Plested Bruce Plested : Personal Network 04/04 We did a concert which raised about $40,000 for lawyers and I gave them an amount of money very similar to that three to six months ago.". Asia, and the United States. Most would say this shows a good degree of alignment with shareholders, especially in a company of this size. Marina services will run in hollow shafts within the new pontoons, bringing power, fresh water and fibre for communications and security cameras to each berth. In April 2007, Mainfreight announced its intentions to sell its Pan Orient Project Logistics business and its 75% interest in Lep Australia and New Zealand to global logistics company Agility Group for A$83 million. Stay informed on business, government and financial developments across New Zealand from our team of 27 journalists. Mainfreight was founded in 1977 by the visionary Bruce Plested, who set out to make the company a family, a team, where everyone has a share in the riches and where the word 'management' is banned. Notably, that recent purchase by Bruce Plested is the biggest insider purchase of Mainfreight shares that we've seen in the last year. Greg Hurrell left a journalism career to work around the Middle East for 23 years and returned to New Zealand full-time in 2020. Waiheke Island marina re-hearing denied, Kennedy Point project to proceed - NZ Herald, Kennedy Point marina construction starting, berths sold from $180k each - NZ Herald, Opponents lose Appeal Court attempt against Waiheke's first commercial marina - NZ Herald. You can access this free report on analyst forecasts for the company. Nearly 30 years ago the billionaire helped kick-start the Duffy Books in Homes programme, along with writer Alan Duff and philanthropist Christine Fernyhough. This is a world where budgets are deemed 'bullshit'. As Nassim Nicholas Taleb said, 'Dont tell me what you think, tell me what you have in your portfolio. Northport is forecasting a 15 per cent lift in container traffic volume for the financial year ending June. The company is led by founder Bruce Plested and managing director Don Braid. It's the answer to poverty," says Mainfreight co-founder Bruce Plested. Last Saturday, the picturesque $23 million ocean-front farm owned by Mainfreight boss Bruce Plested, whose wealth NBR estimated at $270m last year, was used for a family affair.

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