Check out their presentation - https://bit.ly/3BAWpSs #mainfreight # . Small company shows how the power of digital can transform lives. A substantial holder notice showed Mainfreight founder Plested sold 1 million shares off-market for $75m through Rorohara No. 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. 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. Mainfreight - Wikipedia A Ferry-Commute from Auckland, Waiheke Island Offers Sun, Sand and Wine 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. Now with over 8,000 employees and 282 branches in 26 countries, Mainfreight has an extensive presence in the global supply chain. For six years, he has fought to build an Auckland marina adjacent to SeaLink's vehicle ferry terminal and breakwater on Waiheke Island. Aquick summary of everything BusinessDesk has published in the previous 24 hours. In addition to the all-hands Board meetings, the Board will have a number of . Many of us here believe in the same principles, we're here for the long term. He recalls the money was for spending, not investing. enter your email and well send you details, Mainfreight's Bruce Plested's love of books has benefited charity. Daniel Plested - National Sales Manager - Mainfreight | LinkedIn Bruce Plested - Biography - MarketScreener.com Having clocked almost 35 years, his tenure at one of New Zealands most successful global companies has been a long one. Fortunately, the pandemic has been kept at bay in New Zealand and the economy hasnt taken a dive, but Drinkwaters decision to retire from Mainfreight prevailed. "It's a disgrace, a kind of Asia, and the United States. While institutions invested in Mainfreight Limited (NZSE:MFT) benefited The lawsuit claimed that Wim Bosman, the former owner, had prior knowledge of a large client, Giant Bicycles, intentions to end corporate ties with the group. Mainfreight launch new London Ocean Freight Branch This endeavor launched the first permanent investment into South America. Bruce is a one-off," Duff said. Bryan has a wealth of experience, both in executive and board roles. Founded 2,000 years ago, Lyon's streets are a living museum, with beautiful historical buildings and interesting art galleries and museums. Mainfreight employees are empowered to make decisions. Mainfreight dominated the trading on the New Zealand sharemarket after it was revealed that its chairman Bruce Plested sold $75 million worth of shares in the transport and logistics company. Mainfreight group managing director Don Braid says: "The $1000 gift was unexpected, but in a way it came as no surprise to those who had worked with Bruce for some time. Current positions of Bruce Plested Holdings of Bruce Plested Bruce Plested : Personal Network 04/04 The Mainfreight culture is also focussed on the long term, and the business has a 100-year vision. "Completion of the whole project will be at the end of next year," Mair said. Insider ownership is positive when it signals leadership are thinking like the true owners of the company. Property market metrics show the national average asking price is now almost $100,000 down on a year ago. Mainfreight founder Bruce Plested says businesses can help solve inequality and low wage growth through profit sharing with employees, which this year cost the company $27 million. The government must focus on supporting exporters to innovate. Mainfreight - Alchetron, The Free Social Encyclopedia A year later they had nearly doubled in value to $11.10m. Additionally, the company's CEO Donald Braid directly holds 2.8% of the total shares outstanding. This can be negative in some circumstances. Don has over 40 years experience in the freight industry, including 26 with Mainfreight. 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. Retailer Briscoe Group was down 11c or 1.91 per cent to $5.65; Air New Zealand lost 3.5c or 2.11 per cent to $1.62; AFT Pharmaceuticals fell 10c or 2.15 per cent to $4.55; Scott Technology declined 9c or 3.5 per cent to $2.48; Vista Group decreased 8c or 3.43 per cent to $2.25; and Plexure Group was down 4c or 5.33 per cent to 71c. Luke Carran on LinkedIn: Per Angusta Ad Augusta. Mainfreight executive chairman Bruce Plested is the winner of the Deloitte Top 200 Visionary Leader 2014 Award. In one example, the company had spent $20 million on an accounting system and had 50 people in its finance team. As a Government Minister, Richard was responsible for creating SOEs, deregulating telecommunications and broadcasting, reforming ports, airports, railways and aviation. 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. NZ companies are well below the global aspirational target for charitable giving. We aim to bring you long-term focused analysis driven by fundamental data. Mainfreight chairman Bruce Plested sold 1 million shares worth $75 million. 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. It's all part of the firms celebrated Mainfreight way. A good Samaritan. All subscriptions auto renew but are easy to cancel. It is very interesting to see that insiders have a meaningful NZ$1.4b stake in this NZ$6.8b business. Mair did an engineering degree in Auckland in the early 1970s, then worked for the once-great Wilkins & Davies. As Nassim Nicholas Taleb said, 'Dont tell me what you think, tell me what you have in your portfolio. In 2001, Mainfreights management decided that technology needed a global role, and Drinkwater became CIO. We use functional and analytical cookies on our website to offer an optimal user experience. 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. Spy: Stunning seaside wedding - Entertainment News - NZ Herald Trade Alert: The Founding Owner & Executive Chairman Of Mainfreight Get started by entering your email address below. Grant Samuel & Associates Ltd. Kate brings to the Board her broad financial and analytical experience acquired in a range of industries, both in New Zealand and overseas. Weve been very innovative to the business, he says. Today's top 343 Engineer jobs in Grenoble, Auvergne-Rhne-Alpes, France. In May 2011, Mainfreight established a CaroTrans branch in Santiago, Chile. There's no Mainfreight head office or military style hierarchy. Bruce George Plested founded Mainfreight Ltd. "[8], In June 2013, Mainfreight launched a lawsuit seeking 11 million or $18 million against Wim Bosman Group's former owners. Neil Graham joins Bruce Plested helping shepherd the company into what is now a publicly-listed logistics firm, Plested's brother Gerald starts Mainfreight's first international sea and airfreight business, Don Braid joins through acquisition of Daily Freightways, Bought Netherlands firm as European springboard, Family feel: Don Braid's sons also work in the business, Strong association with Bairds Mainfreight Primary School. His intellect and pragmatic approach is highly regarded at the Board table. Thats at least 10% of the branchs profit, and we paid worldwide $28 million in profit bonuses last year, Drinkwater says. This can be incompatible with technology, which is constantly changing. Mainfreight 5 years 8 months National Sales Manager Apr 2021 - Present2 years 1 month New Zealand Sales Manager Jan 2020 - Apr 20211 year 4 months Auckland, New Zealand Account Manager Apr 2018 -. Mainfreight International was Mainfreight's first international sea and airfreight business and was started in 1984 by Bruce Plested's brother Gerald. Other Current Directorships: Information and Communication Services Limited (Chairman), Seronic (NZ) Limited, and his family companies. [14], In September 2007, it was reported by Business Wire that Mainfreight had signed a merger agreement with NYSE American-listed Target Logistics for $2.50 a share; for a total of US$54 million. 3. The pair see books and reading as a way to get people out of the poverty trap. He is also on the board of Rorohara No 2 Trust. The firm's Australian domestic freight and logistics division, Mainfreight Distribution, began operations in 1989, with an operation in Sydney. 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 . You wont get many consultants that tell you to build a bespoke system.. In the meantime, opponent SKP hopes to go to court this month. Mainfreight Americas 21,433 followers 7mo Hey there Dallas, TX! He brings strong financial skills and business acumen to the role. His leadership is underpinned by a strong belief in Mainfreights global competency and capabilities to provide high-quality supply chain solutions for our customers. 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. In 2006 the New Zealand Mainfreight International and Owens International businesses were also merged to make Mainfreight Owens International Ltd (now Mainfreight International). We note that hedge funds don't have a meaningful investment in Mainfreight. Putiki Bay at Kennedy Point is, he says, ideal because it's deep compared to other nearby bays, "2.5m to 5.5m". Currently, he is Executive Chairman at this company and Chairman of Mainfreight GmbH (a subsidiary of Mainfreight Ltd.). That single transaction was for NZ$3.5m worth of shares at a price of NZ$69.49 each . Normally institutions would own a significant portion of a company this size. "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. "There'll be no dredging or reclamation and no interference with the tidal zone.". This article by Simply Wall St is general in nature. [11], Since 2011, Mainfreight, under the Wim Bosman name, have opened new branches in Bergen op Zoom in The Netherlands, Cluj-Napoca in Romania, Frankfurt and Gelsenkirchen in Germany, London in United Kingdom, and Pozna/Lubo in Poland. click here to see if those insiders have been buying or selling. The charitys aim is to promote a love of reading in children, with a focus on lower-income families. Mainfreight Ltd. engages in the freight logistics services and supply chain solutions. Her knowledge of high-tech companies is a welcome addition to the Boards capabilities, as is her familiarity with the complexities of acquisitions, and steering companies through growth and change. The site faces the prevailing southwesterly and berths are designed so boat sterns point into that wind, giving the least resistance or the lowest wind load. All berths beside the wharf, closest to the land, are pre-sold. Bairds Mainfreight Primary School belongs to the Mainfreight family and is incredibly proud of this very special relationship. Mair is the youngest of three. Concerned about the content? Braid says Plested's vision is for the future. Its the end of the road at Mainfreight for CIO Kevin Drinkwater, who officially retires on 31 December 2020. 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. What sort of money? Mainfreight, formed in 1978, has 240 branches. Aligned with shareholders. The shocking amount some people have saved, and why speaking with a financial advisor could help increase your returns and alleviate stress. It also has investments in Z Energy and a portfolio run by Fisher Funds. He notes that Mainfreight favours a sustainable approach through programmes such as recycling water, installing solar panels, deploying hybrid and electric vehicles in its car fleet, and favouring rail over road where possible. "We changed from a u-shape to a central pine walkway 3.3m wide by 150m long.". Founded by Bruce Plested who started the company with just NZD$7000.00 and a 1969 Bedford Truck. You can cancel anytime with two clicks, an email or a phone call. They put it up for sale in 2012 with an asking price of. At Mainfreight we all eat at one big long table.". The Mairs enjoyed sailing and fishing. After the 1987 sharemarket crash and the firm's end, Mair founded a construction company and built the wharf in the Chatham Islands, and got the contract to repair thousands of metres of wharves in Auckland and Onehunga, including at the naval base. Property market metrics show the national average asking price is now almost $100,000 down on a year ago. It features a cartoon character Duffy at the bottom, with a monthly saying, such as Have you read to your children today?. Braid says: "There a capitalist motive behind this, Bruce believes profit is a great motivator.". Likewise, his strongly-held beliefs relating to the importance of education and of recycling/ sustainability . The marina will be open to the public during daylight hours, with access available to the main marina pier and caf. Insights Newsletter. The trust now has a 14.83 per cent shareholding in Mainfreight, down from 16.29 per cent. Reminder, this is a Premium article and requires a subscription to read. 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. Mainfreight is a pretty big company. We note that hedge funds don't have a meaningful investment in Mainfreight. The context, as both recall, was the murder of a child. 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. Profile. "I just give SKP money so it's more of an even fight. To join your company account for BusinessDesk and enjoy full access, Plesteds friend Duff said they couldnt have done the Books in Homes scheme without him, from the original seeding finance to its rent-free offices in south Auckland, and Mainfreight volunteers. Mainfreight dominated the trading on the New Zealand sharemarket after it was revealed that its chairman Bruce Plested sold $75 million worth of shares in the transport and logistics company. His visits to our local and overseas operations guide our teams to be sales-focused and always aiming for operational excellence. Braid says Mainfreight is a strong believer that people can make mistakes, but though Plested can be a tolerant manager, Braid says there's nothing loose about the way the business is run: "Bruce has an eye for detail.". In his 35-year career, Kevin Drinkwater has seen tremendous change and many fads. However, high insider ownership can also give immense power to a small group within the company. Empowerment can be rewarding in other ways. 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. Generally. The company was founded by Bruce G. Plested in 1978 and is headquartered in Auckland, New Zealand. No BusinessDesk "It is all about visionary leadership. [2] In 1979, Bruce Plested partnered with Neil Graham, with Graham based in Christchurch and Plested in Auckland. Whilst describing the foundation of Mainfreight in 2000, Plested said to the New Zealand Herald, "We moved all our freight by sea between Auckland, and Christchurch and Dunedin, and we worked weekend shifts to make sure we loaded and unloaded the ship using the whole of the seven days - we found that was faster and more reliable than our big competitors."[4]. (Image: Supplied). Mainfreight also renamed Wim Bosman branches in the countries France, Poland, Russia and Ukraine under the Mainfreight name.[12]. Tilt's share price edged ahead 2c to $8.02. Please note that with cookies disabled you will have a degraded experience with some features. To get the disclaimer out of the way, Mainfreight's founder and chair Bruce Plested is not only a member of the Initiative. Nearly 30 years ago the billionaire helped kick-start the Duffy Books in Homes programme, along with writer Alan Duff and philanthropist Christine Fernyhough. The top 10 UPS competitors are; FedEx, DB Schenker, Mainfreight, United States Postal Service, DPDgroup, Purolator, CEVA Logistics, C. H. Robinson, DHL, and YRC Worldwide. In November 2014, Mainfreight acquired a regional air and sea freight company located in Dunedin. Books are important to him. Mainfreight Limited is a New Zealand logistics and transport company headquartered in Auckland. The Top 200 Awards judges say he built a global transport company from nothing. Current positions of Bruce Plested Holdings of Bruce Plested Bruce Plested : Personal Network 04/12 The High Court said no. He hasnt made any plans beyond the summer other than continuing as chair of Duffy Books in Homes, but he will be looking at new opportunities that crop up. "By having a generosity spirit, we get far more back than we give away" - Bruce Plested, Founder and Chairman of Mainfreight. I generally like to see some degree of insider ownership, even if only a little. 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). From our data, we infer that the largest shareholder is Bruce Plested (who also holds the title of Top Key Executive) with 17% of shares outstanding. This size of ownership gives retail investors collective power. 2 Trust. 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 Top 200 Awards judges say he built a global transport company from nothing and has done many wonderful things along the way. Mainfreight Limited is a listedNew Zealand logistics and transport company headquartered in Auckland. Profile. It was founded by Bruce Plested in 1978 and headquartered in Auckland, New Zealand with 5,771 employees and over 240 branches across Australia, China, Europe, New Zealand and the United. In 2001, Mainfreight's management decided that technology needed a global role, and Drinkwater became CIO. Exit interview: Mainfreight CIO shares tech insights before signing off Take IDCs ERP Modernization Maturity Assessment to benchmark your organizations progress against your peers. The company is led by founder Bruce Plested and managing director Don Braid. Northport is forecasting a 15 per cent lift in container traffic volume for the financial year ending June. Our information suggests that insiders maintain a significant holding in Mainfreight Limited. And Drinkwater says that COVID-19 has changed the nature of work irrevocably by showing that working from homeor from anywhereis achievable at scale. Mainfreight founder Bruce Plested battling Waiheke Island marina Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. It's the answer to poverty, says Mainfreight co-founder Bruce Plested. From there, providing you have passion, the Mainfreight . -Warehouse BDM / ()_Warehouse BDM / () Every investor in Mainfreight Limited ( NZSE:MFT ) should be aware of the most powerful shareholder groups. So SKP went to the High Court asking for permission for a rehearing in the Environment Court on the basis of having new evidence. He was also involved in maritime projects in Singapore, Malaysia and Borneo followed. The Clermont-Auvergne-Rhne-Alpes Centre brings together the units located in the Auvergne region, from Bourbonnais to Aurillac via Clermont-Ferrand, with 14 research units and 14 experimental facilities, representing 840 staff (permanent and contractual staff). We were spellbound.. When an insider holds a sizeable amount of a company's stock,. Shares go up and down.". You may withdraw your consent at any time. When the company was founded it entered a highly regulated transport market. Currently, he is Executive Chairman at this company and Chairman of Mainfreight GmbH (a subsidiary of Mainfreight Ltd.). Get in touch with us directly. The companys annual report has become a must-read for Plesteds chairmans statement. He is also fast-moving. You can change your choices at any time by clicking on the 'Privacy dashboard' links on our sites and apps. report on analyst forecasts for the company. Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. The Last 12 Months Of Insider Transactions At Mainfreight Notably, that recent purchase by Founding Owner & Executive Chairman Bruce Plested was not the only time they bought Mainfreight. He says education is an area where New Zealand could improve by teaching students how to create new technology, rather than just be passive users of it. When the company was founded it entered a highly regulated transport market. They can and probably do influence decisions on executive compensation, dividend policies and proposed business acquisitions. He has also personally funded marinas at Tutukaka, pua and rkei. Reminder, this is a Premium article and requires a subscription to read. Appointment to Board 1978 - With Mainfreight since 1978. The Founding Owner & Executive Chairman of Mainfreight Limited (NZSE Other high profile residents on Waiheke include former All Blacks rugby coach Sir Graham Henry, Mainfreight transport founder Bruce Plested and New Zealand's richest man Graeme Hart, who bought . It has been listed on the New Zealand Exchange since 1996. One broker, who didn't want to be named, said Plested no doubt sold the shares to buy an asset. Simply Wall St has no position in any stocks mentioned.Have feedback on this article? You will be charged in 10 days unless you cancel beforehand. 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. Mainfreight boss asks should profit sharing with staff be essential If you would like to customise your choices, click 'Manage privacy settings'. Liked by Tansy Austin. 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.. The lender said it's engaged with the board on "plans for remediation". From our data, we infer that the largest shareholder is Bruce Plested (who also holds the title of Top Key Executive . Thats why we divide the profit at the branch evenly. 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 . Chia Sisters introduces game-changing drinks packaging taking inspiration from an unexpected sector. Duffs confidence in Mainfreight has led to the charity taking a large stake in the company. A "living wage" is paid, Plested has contributed to the Maori Party, and Mainfreight also sponsors a school in Otara. A look at the shareholders of Mainfreight Limited (NZSE:MFT) can tell us which group is most powerful. Mainfreight chair sells $75m in shares to expand Waiheke property How Cisco maintains a new sustainable startup model, producing the next generation of industry-leading technologies. The philanthropist was recognised at the New Zealander of the Year awards. [4] In 1998, Mainfreight acquired Australian freight forwarder ISS Express lines, subsequently establishing an Australian international freight business. Ngti Poa iwi members have also been camping at the site where Mair's business began development in early March. On the plus side for Mainfreight shareholders, Bruce Plested has elected not to receive remuneration (i.e. His career has seen him develop or be closely involved with 18 marinas including pua in the Bay of Islands, rkei, Whangamata, Bayswater, Whangaparaoa's Gulf Harbour, Bucklands Beach, Westharbour, Pine Harbour, Tutukaka, Whitianga, Wellington's Mana Marina, Shute Harbour in the Whitsundays, Townsville and Abell Point in Queensland, Fiji's Musket Cove, at Canada's Songees and Santosa Island and at Singapore's Sentosa. ", Bruce Plested starts Mainfreight Auckland. He said it. Ready Fire Aim: The Mainfreight Story - Google Books To join your company account for BusinessDesk and enjoy full access,
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