"By having a generosity spirit, we get far more back than we give away" - Bruce Plested, Founder and Chairman of Mainfreight. Founded by Bruce Plested who started the company with just NZD$7000.00 and a 1969 Bedford Truck. During his farewell speech to the 50 people in Mainfreights NZ technology team (the global IT team numbers 125), Drinkwater shared his tips for success, including these 10. Our data reflects individual insiders, capturing board members at the very least. All berths beside the wharf, closest to the land, are pre-sold. Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. 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. Books are handed out at some 510 participating schools, often with a role model on hand. report on analyst forecasts for the company. His intellect and pragmatic approach is highly regarded at the Board table. Mair said another drilling rig would arrive shortly. And Drinkwater says that COVID-19 has changed the nature of work irrevocably by showing that working from homeor from anywhereis achievable at scale. The Mainfreight founder also has a social conscience. From his Auburn St offices at Takapuna, he spreads his hands wide to illustrate the size of what he discovered. The share sale was disclosed to the NZX today and indicated one million shares were sold from Rorohara No. Small company shows how the power of digital can transform lives. The other thing is to have our own ideas. 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 was founded on 6 March 1978 by Bruce Plested who started the company with just $ 7,200 and a 1969 Bedford truck. Other Current Significant Directorships and Trusteeships: BUPA ANZ Pty Limited (Chairman), Adherium Limited, Clearspan Limited, Thinxtra Australia, Starship Foundation, Massey University Foundation. Arriving fresh faced from university, this company for the past (almost) three years has. 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. There's no Mainfreight head office or military style hierarchy. To help pay the bills on time, Plested gave the charity a $500,000 interest-free loan in 2020. Executive Summary. Simply Wall St has no position in any stocks mentioned.Have feedback on this article? The firm's Australian domestic freight and logistics division, Mainfreight Distribution, began operations in 1989, with an operation in Sydney. The company was founded by Bruce G. Plested in 1978 and is headquartered in Auckland, New Zealand. But Plested also devours books that look askance at the global economic system. Please contact your card provider or customer support. Third year in a row Milford has been awarded the Consumer People's Choice for KiwiSaver by Consumer NZ. For six years, he has fought to build an Auckland marina adjacent to SeaLink's vehicle ferry terminal and breakwater on Waiheke Island. Putiki Bay at Kennedy Point is, he says, ideal because it's deep compared to other nearby bays, "2.5m to 5.5m". Concerned about the content? Get in touch with us directly. Bruce George Plested founded Mainfreight Ltd. The index's intraday high was 12,587.68 points. 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. The marina will be open to the public during daylight hours, with access available to the main marina pier and caf. "We are funding this by donors coming up to us and putting serious financial skin in the game.". (Image: Supplied). Synlait Milk, which supplies a2 Milk, was down 9c or 2.5 per cent to $3.51. Plested's. It's possible your card provider is preventing us from charging the card. Drinkwater says the team are prescriptive about the software they deploy, and they often opt for bespoke solutions that are specific to Mainfreights business. ", Selwyn says Plested has personal qualities that make this management style work. Generally. We can see that Mainfreight does have institutional investors; and they hold a good portion of the company's stock. He has worked with author Alan Duff to put books in the homes of poorer children. From there, providing you have passion, the Mainfreight . Thats why we divide the profit at the branch evenly. "I've always been interested in education. I do want to say that there is no way wed ever go build our own email. Tony recalls "what we used to call the gut boat", filled with rubbish from boats, discharging near the Rangitoto Island lighthouse. The pitch, the house, and much of the bay belong to Kiwi businessman, philanthropist and sports fan Bruce Plested, a founder of the Mainfreight freight company. Napier Port held an institutional investor day and rose 14.8c or 4.52 per cent to $3.42. Shares go up and down.". A look at the shareholders of Mainfreight Limited (NZSE:MFT) can tell us which group is most powerful. Duffs confidence in Mainfreight has led to the charity taking a large stake in the company. Mainfreight Limited began its operations in Auckland, New Zealand in 1978. [4] In 1998, Mainfreight acquired Australian freight forwarder ISS Express lines, subsequently establishing an Australian international freight business. Reporting directly to the CEOfirst to founder Bruce Plested, and then to Don. Everyone can see the bottom line and everyone understands what it means for the company and for themselves. See more CEO Today Mainfreight has been transformed into a major international logistics company with 6011 employees working in 233 operations around the world. The charity acquired more shares since then and they were worth $5.68m in June 2020. Plested says some households ended up with 60 books on their shelves. Visit Lyon. He has a home on Waiheke and said the marina was not in the locals' interests. Appointment to Board 1978 - With Mainfreight since 1978. Richard Prebble is by profession a lawyer. 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. 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. She says: "He can talk to people, of course the secret to doing that is being a good listener.". Despite a steady recovery in 2021, the magazine was hit by a recent decline in volumes and rising costs. A substantial holder notice showed Mainfreight founder Plested sold 1 million shares off-market for $75m through Rorohara No. Target operate domestic and international time-sensitive freight-forwarding and logistics services through its wholly owned subsidiary, Target Logistic Services. Simon has a long association with Mainfreight having served as the Companys main adviser for acquisitions, debt structure and other matters since 2003 (through Grant Samuel & Associates), prior to joining the Mainfreight Board. Plans to develop Waiheke Island's first marina are opposed by Mori as well as rich-lister Bruce Plested, chairman and founder of Mainfreight with a $6.8 billion market capitalisation. Other Current Directorships: The road to the marina will be widened, improved in a strip around 200m long. 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. "It's a small part of his overall holding and I suspect it would have pained him to sell. Market leader Fisher and Paykel Healthcare was down 5c to $29.30 on trade worth $21.5m; Ebos Group fell 56c to $32.74; Chorus decreased 10c to $6.55; Freightways declined 15c to $11.90; and Skellerup Holdings shed 13c or 2.78 per cent to $4.55. It's the answer to poverty, says Mainfreight co-founder Bruce Plested. "Some of it comes from within, some comes from experience, knowing what works and what doesn't. [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. After the full acquisition that took place August 2007, Mainfreight Asia quickly gained momentum in the Air and Ocean sector, driving business in China and Southeast Asia. Two sizes of cannonballs emerged, he says, possibly fired around the 1840s to 1860s when boats discharged their arsenal once they sailed into what were peaceful harbours. "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. Mainfreight, formed in 1978, has 240 branches. Profile. 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. [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. Currently, he is Executive Chairman at this company and Chairman of Mainfreight GmbH (a subsidiary of Mainfreight Ltd.). Leverage your professional network, and get hired. Ultimately the future is most important. 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. No matter what level you are at, people care for each other, and thats demonstrated in many ways. 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 . Here, he shares the lessons of his career with CIOs everywhere. Plested got in touch with Duff after seeing the writer in a documentary, talking about the state of New Zealand. But to understand Mainfreight better, we need to consider many other factors. Other Current Directorships: Member of the CFO Advisory Board, Auckland University Business School, Member of the Board of Trustees of Dress for Success Incorporated, and private family companies. In 2003 Mainfreight bought Owens Group, one of New Zealand's largest trucking firms. Mair did an engineering degree in Auckland in the early 1970s, then worked for the once-great Wilkins & Davies. NZ companies are well below the global aspirational target for charitable giving. Check out our latest analysis for Mainfreight. Greg Hurrell left a journalism career to work around the Middle East for 23 years and returned to New Zealand full-time in 2020. Small company shows how the power of digital can transform lives. When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. They had a total of 1,540,506 employees among them. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. more. 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. He has also personally funded marinas at Tutukaka, pua and rkei. Mainfreight executive chairman Bruce Plested is the winner of the Deloitte Top 200 Visionary Leader 2014 Award. SKP has challenged the marina in the Environment Court, High Court, Court of Appeal and is now headed to the Supreme Court. Founded in 1969 as Dunedin Customs Brokers Ltd, DCB International provides international air and sea freight services from Dunedin. Under the visionary eye of founder and chairperson Bruce Plested, they say, the company's performance has demonstrated "total consistency, total focus". 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 The company was co-founded by current Chairman Bruce Plested in 1978.. Plested decided to start up his own freight business after he was fired over "allegedly swinging a . In one example, the company had spent $20 million on an accounting system and had 50 people in its finance team. Ngti Poa iwi members have also been camping at the site where Mair's business began development in early March. With the takeover of the Owens Group in 2003 they purchased Owens International Australia. Bruce is also someone I admire. The index's intraday high was 12,587.68 points. Our information suggests that insiders maintain a significant holding in Mainfreight Limited. This past Friday marked my final day with Mainfreight. The latter is a charity that hands out free books to students in low-decile primary schools in the belief that children in households with books achieve better educational outcomes. At each branch the profit and loss figures are put up on the cafeteria wall. madness, quite extreme. Plested continues to be an avid reader, and lately novels have been saved for plane trips, whereas Plested prefers them to in-flight movies. Mainfreight is hosting a BBQ for customers, family and friends on September 22nd! I generally like to see some degree of insider ownership, even if only a little. 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. One of the critical areas that we need to improve on is using data to create more predictability, he says. Plested is also a great reader; some of those ideas come from books. Weve probably trebled in size since then, yet were still using the same footprint. Founded 2,000 years ago, Lyon's streets are a living museum, with beautiful historical buildings and interesting art galleries and museums. The definition of company insiders can be subjective and does vary between jurisdictions. He was later joined by Neil Graham. If you would like to customise your choices, click 'Manage privacy settings'. Mainfreight Ltd. provides transportation and logistics solutions. Alternatively, email editorial-team (at) simplywallst.com. Please note that with cookies disabled you will have a degraded experience with some features. The six-bedroom, seven-bathroom waterfront plantation with its own winery is owned by businessman David Parkinson and wife Deidre Crawford. 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. The company management answer to the board and the latter should represent the interests of shareholders. Global marketer a2 Milk's recovery ran out of puff after falling 18c or 2.93 per cent to $5.97. He is also on the board of Rorohara No 2 Trust. 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. "It turned out to be the best money they ever made, Plested admits. A "living wage" is paid, Plested has contributed to the Maori Party, and Mainfreight also sponsors a school in Otara. Drinkwater has contributed to the local CIO community and has regularly featured in the CIO50 New Zealand Awards in 2019 he was No. Few other business leaders think in terms of a 100 years or so. This was the lion's share of the charity's total expenditure of $4.08m. . Mainfreight started building its offshore business with move into the Australian market in 1989, driven by vision to provide logistics/technology-based bridge that would allow customers . The Centre is part of a particularly dynamic ecosystem, within the second French . Mainfreight Limited is a New Zealand logistics and transport company headquartered in Auckland. He built a billion-dollar logistics business, starting with a single Bedford truck in the 1970s. Reporting directly to the CEOfirst to founder Bruce Plested, and then to Don Braidhe has been involved in every milestone of a business that has largely grown through acquisition. It features a cartoon character Duffy at the bottom, with a monthly saying, such as Have you read to your children today?. Mainfreight has 9,240 employees, of which 8 are in a leadership position. 25+ search types; Win/Lin/Mac SDK; hundreds of reviews; full evaluations. Mainfreight employees are empowered to make decisions. Having clocked almost 35 years, his tenure at one of New Zealands most successful global companies has been a long one. Now with over 8,000 employees and 282 branches in 26 countries, Mainfreight has an extensive presence in the global supply chain. "My involvement in these marina projects resulted in the sale of over 6000 marina berths.". Aquick summary of everything BusinessDesk has published in the previous 24 hours. Mainfreight has a policy of developing people and promoting them internally. As for new sector-specific technologies, he says that driverless trucks are on their way but the technology isnt here yet. Liked by Brad Greer. {{ registerForm.errors.get('password') }}, {{ registerForm.errors.get('password_confirmation') }}, {{ plans[index].attributes.old_price | currency }}, Radical change is needed Productivity Commission, New listings drop, house asking prices down 10%, Sustainable drinks company partners with fellow B-Corp Kiwibank to take on the world, Consumer confidence lifts slightly, still 'extremely low', Primary industries bear brunt of cyclone, Treasury says, Deeply researched, twice-edited and fact-checked news, Reporters in Auckland, Hamilton, Tauranga, Wellington, Christchurch and Queenstown, Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers, Access to FundSource - the deepest data on KiwiSaver and managed funds, updated daily, World news from The Economist and Bloomberg.
Black Walnut Hulling Machine,
What Did James Arness Die Of ?,
Articles B