This may not be consistent with full year annual report figures. Richard Prebble is by profession a lawyer. Few other business leaders think in terms of a 100 years or so. Likewise, his strongly-held beliefs relating to the importance of education and of recycling/ sustainability . Weve been very innovative to the business, he says. He is also on the board of Rorohara No 2 Trust. 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. It's possible your card provider is preventing us from charging the card. Working with Ngti Poa Iwi Trust Board and others in the community are aspects he takes pride in. Located in a very diverse region rich in assets, not only geographically (relief, climate), but also economic and human, the Lyon-Grenoble Auvergne-Rhne-Alpes is the latest INRAE centre to be created. Concerned about the content? The cheapest berths went for $180,000. "My involvement in these marina projects resulted in the sale of over 6000 marina berths.". Current positions of Bruce Plested Holdings of Bruce Plested Bruce Plested : Personal Network 04/04 It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Berths are 10m, 12m, 14m and 16m: "When I started, the average berth length at Westharbour around 1980 was 9m but now the average is 18m.". Mainfreight executive chairman Bruce Plested is the winner of the Deloitte Top 200 Visionary Leader 2014 Award. Plested's secretary Carol Selwyn says she doesn't do slow: "It would be hard to work for anyone who moves slower than I do." Our data reflects individual insiders, capturing board members at the very least. 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. With the takeover of the Owens Group in 2003 they purchased Owens International Australia. 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. Likewise, his strongly-held beliefs relating to the importance of education and of recycling/ sustainability . This past Friday marked my final day with Mainfreight. Lyon is France's third-largest city and a major tourist destination. The project was sold by South British Insurance to Wilkins & Davies. The company management answer to the board and the latter should represent the interests of shareholders. Average Retirement Savings By Age: Are You Normal? He was later joined by Neil Graham. In the process, Bruce Plested has become one of New Zealand's latest billionaires. 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. 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. Bruce George Plested founded Mainfreight Ltd. Mainfreight Americas 21,433 followers 7mo Hey there Dallas, TX! Mainfreight employees are empowered to make decisions. Mainfreight commenced operations in Auckland in 1978 and is the largest freight company in New Zealand. If you do not want us and our partners to use cookies and personal data for these additional purposes, click 'Reject all'. Profile. Taking a look at our data on the ownership groups (below), it seems that institutional investors have bought into the company. Mainfreight Limited is a listedNew Zealand logistics and transport company headquartered in Auckland. Take IDCs ERP Modernization Maturity Assessment to benchmark your organizations progress against your peers. I do want to say that there is no way wed ever go build our own email. [16] In 2020, CaroTrans Chile was re-branded as Mainfreight Chile. The companys annual report has become a must-read for Plesteds chairmans statement. You can cancel anytime with two clicks, an email or a phone call. In addition to the all-hands Board meetings, the Board will have a number of . Brothers David and Kerry are also involved in the boating and marine sectors. The philanthropist was recognised at the New Zealander of the Year awards. Other Current Directorships: 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. 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. Its his view that many CIOs fall into the cloud sprawl trap. They make their own decisions and have autonomy, but they want 'Dad' to be happy with them. The trust now has a 14.83 per cent shareholding in Mainfreight, down from 16.29 per cent. Selwyn has worked with Plested for 41 years, since before he started Mainfreight. That means that even when the share price was higher. As for Mainfreight, he wants to build a 100-year company, and so there's no short-term decisions.. We use functional and analytical cookies on our website to offer an optimal user experience. That single transaction was for NZ$3.5m worth of shares at a price of NZ$69.49 each . The business may have a requirement, but its our job is to make it even better than what they thought they wanted. At Mainfreight we all eat at one big long table.". This morning in assembly, we had the privilege of having two distinguished Old Boys do a panel - Peter Thompson '76, Managing Director of Barfoot & Thompson, and Bruce Plested '55, Executive . 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. 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. People expect more, boats got bigger. Check out our latest analysis for Mainfreight. "I went crook at Alan. However, high insider ownership can also give immense power to a small group within the company. We can see that Mainfreight does have institutional investors; and they hold a good portion of the company's stock. Reminder, this is a Premium article and requires a subscription to read. Mainfreight Ltd. provides transportation and logistics solutions. Clearly the two are well matched. His intellect and pragmatic approach is highly regarded at the Board table. From there, providing you have passion, the Mainfreight . "We'd find a soft spot and dig eight to 10ft in and find these cannonballs," recalls the engineer, now in his mid-70s. In March 2011, Mainfreight entered the European market with the acquisition of Netherlands-based company Wim Bosman Group for 120 million; or $227 million. As Chairman and Founder, Bruce shares his vision for the Company with the Mainfreight team, bringing a particular focus to quality and our culture. The seafloor slopes naturally, eliminating any need for dredging. Find out more about how we use your personal data in our privacy policy and cookie policy. In New Zealand, Mainfreight has partnered with Spark on an internet of things (IoT) network to keep track of shipments, and this effort may extend to more analytical capability. Every year, Mainfreight funds a calendar. Mainfreight is a global supply chain company that prides itself for having "special people, special company" . Books are important to him. On the plus side for Mainfreight shareholders, Bruce Plested has elected not to receive remuneration (i.e. Formerly Halford Young, Halford is a private logistics company and freight forwarder with operations and networks in Australia and New Zealand, Japan, Germany, throughout Asia and the United States.[6]. 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. You can find historic revenue and earnings in this detailed graph. As Chairman and Founder, Bruce shares his vision for the Company with the Mainfreight team, bringing a particular focus to quality and our culture. It was a 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.". Arriving fresh faced from university, this company for the past (almost) three years has. From his Auburn St offices at Takapuna, he spreads his hands wide to illustrate the size of what he discovered. I'm a life member of IPENZ (the Institute of Professional Engineers)," he says, referring to the old name of the now-rebranded professional body Engineering New Zealand. Nearly a third of the trading value was in Mainfreight, which fell $1.80 or 2.33 per cent to $75.30. The Centre is part of a particularly dynamic ecosystem, within the second French . In 2006 when we created our new data centre, I was concerned there wasnt enough room in that footprintits not much bigger than a meeting room. Mainfreight group managing director, Don Braid, (l) and chairman, Bruce Plested. Today's top 343 Engineer jobs in Grenoble, Auvergne-Rhne-Alpes, France. Here, he shares the lessons of his career with CIOs everywhere. The list of best things to do in Auvergne-Rhne-Alpes includes sightseeing, pretty towns, history, and natural wonders! We aim to bring you long-term focused analysis driven by fundamental data. When such a trade goes wrong, multiple parties may compete to sell stock fast. They describe him as both a "rounded person who links to the commercial community" and an "extraordinary character". Bairds Mainfreight Primary School belongs to the Mainfreight family and is incredibly proud of this very special relationship. Its the end of the road at Mainfreight for CIO Kevin Drinkwater, who officially retires on 31 December 2020. 1. The government must focus on supporting exporters to innovate. But Plested also devours books that look askance at the global economic system. 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. It's all part of the firms celebrated Mainfreight way. It has a market capitalization of NZ$6.8b. A substantial holder notice showed Mainfreight founder Plested sold 1 million shares off-market for $75m through Rorohara No. Mainfreight is a pretty big company. "Completion of the whole project will be at the end of next year," Mair said. 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. The company was founded by Bruce G. Plested in 1978 and is headquartered in Auckland, New Zealand. 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 . Mainfreight Ltd. engages in the freight logistics services and supply chain solutions. Despite continued strong volume of Founding Owner & Executive. Target has offices in 35 cities throughout the United States and an international network of agents in over 70 countries.[15]. In one example, the company had spent $20 million on an accounting system and had 50 people in its finance team. 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. Change to Next-generation, cloud-based ERP systems yield new levels of strategic agility and business insights. In 2001, Mainfreights management decided that technology needed a global role, and Drinkwater became CIO. They established agencies in the early days with Australian, Pacific Island and United States freight forwarders and the established agents in most major trading partner countries of New Zealand. Braid says the company offers staff training in every country it operates in. We note that hedge funds don't have a meaningful investment in Mainfreight. Bruce is also someone I admire. All subscriptions auto renew but are easy to cancel. Plested is a thinker. 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 . "It's a disgrace, a kind of Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. 2 Trust. Insider ownership is positive when it signals leadership are thinking like the true owners of the company. In 1979, he was asked to build a new marina at Westharbour (now called Hobsonville Marina). Drinkwater says the team are prescriptive about the software they deploy, and they often opt for bespoke solutions that are specific to Mainfreights business. In his 35-year career, Kevin Drinkwater has seen tremendous change and many fads. 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. Mainfreight also renamed Wim Bosman branches in the countries France, Poland, Russia and Ukraine under the Mainfreight name.[12]. madness, quite extreme. Currently, he is Executive Chairman at this company and Chairman of Mainfreight GmbH (a subsidiary of Mainfreight Ltd.). Get started by entering your email address below. 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. (Image: Supplied). . DCB had a staff base of five employees on the date of acquisition, however, staff was expected to rise to seven employees. Plested and Braid are based at unfashionable Otahuhu in South 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]. Executive Summary. They all know they are expected to look after customers, giving them a high quality freight service," he says. 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. The High Court said no. I love the cloud concept; I dont like the cost so we have a fraction of our compute in the cloud ,and [yet] it costs us almost as much as all the HPE equipment we have in our primary and secondary data centres.. [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. But to understand Mainfreight better, we need to consider many other factors. Ryman Healthcare increased 28c or 2.17 per cent to $13.18; Turners Automotive picked up 14c or 3.33 per cent to $4.34; Evolve Education recovered 3c or 3.49 per cent to 89c; NZX was up 5c or 2.44 per cent to $2.10; and NZME gained 2c or 2.74 per cent to 75c. Tilt's share price edged ahead 2c to $8.02. Mainfreight has a policy of developing people and promoting them internally. "In more recent times I just read business books, which is quite naughty, he adds. The certification is based. Board meetings. So SKP went to the High Court asking for permission for a rehearing in the Environment Court on the basis of having new evidence. With Christmas looming, Drinkwater is looking forward to taking some time out, project-managing his familys new house build in Russell, and getting to grips with the drone hes been given. Plested says some households ended up with 60 books on their shelves. 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. [2] In 1979, Bruce Plested partnered with Neil Graham, with Graham based in Christchurch and Plested in Auckland. 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. Mainfreight chairman Bruce Plested sold 1 million shares worth $75 million. Despite the protests, his view is the score is now 18 down, one to go. From our data, we infer that the largest shareholder is Bruce Plested (who also holds the title of Top Key Executive . Currently, he is Executive Chairman at this company and Chairman of Mainfreight GmbH (a subsidiary of Mainfreight Ltd.). Plested got in touch with Duff after seeing the writer in a documentary, talking about the state of New Zealand. New Engineer jobs added daily. You can see Mainfreight's historic earnings and revenue below, but keep in mind there's always more to the story. During that time the business has expanded its operation into 26 countries and its staff count has grown from 80 to 8,600. The Mainfreight founder also has a social conscience. "It's disappointing because it's my last one," Mair says of the Waiheke project. He imagines he follows the rules but still gets "hauled off to a concentration camp". [13] The transaction was completed on 6 June 2007. To celebrate his 70th birthday Plested gave $1000 to everyone who had worked for Mainfreight for a year or more. A license from New Zealand Railways Corporation was needed to . Some small berths in the centre and other longer berths further out into the bay are unsold. Plested gave the charity $250,000 in 1998, which Duff used to buy shares in the company. Bruce Plested. To help pay the bills on time, Plested gave the charity a $500,000 interest-free loan in 2020. 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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). The context, as both recall, was the murder of a child. Mainfreight International was Mainfreight's first international sea and airfreight business and was started in 1984 by Bruce Plested's brother Gerald. 1, and in 2020 No. This is a world where budgets are deemed 'bullshit'. 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. In May 2011, Mainfreight established a CaroTrans branch in Santiago, Chile. He imagines he follows the rules but still gets "hauled off to a concentration camp". The Founding Owner & Executive Chairman Bruce Plested made the biggest insider purchase in the last 12 months. 25+ search types; Win/Lin/Mac SDK; hundreds of reviews; full evaluations. ", Bruce Plested starts Mainfreight Auckland. Drinkwater has contributed to the local CIO community and has regularly featured in the CIO50 New Zealand Awards in 2019 he was No. SUPPLIED Bruce Plested - founder of Mainfreight - has fired a salvo about social issues facing New Zealand ahead of national elections. 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. During his tenure, Drinkwater has witnessed huge changes in technology. 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. "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 Limited is a New Zealand logistics and transport company headquartered in Auckland. Mainfreight CEO and Executives. payment) for sitting on the Board since 2014. Name & Title Bio. Founded 2,000 years ago, Lyon's streets are a living museum, with beautiful historical buildings and interesting art galleries and museums. Plested runs the business as a series of semi-autonomous branches -- that way each employee can feel they are part of a close-knit team. Let's delve deeper into each type of owner, to discover more about Mainfreight. 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. He will officially leave the business at the end of this year and his successor, John Eshuis, who has held finance and IT roles at Mainfreight since 2002, has been named his successor. And Drinkwater says that COVID-19 has changed the nature of work irrevocably by showing that working from homeor from anywhereis achievable at scale. Bruce George Plested founded Mainfreight Ltd. Plested continues to be an avid reader, and lately novels have been saved for plane trips, whereas Plested prefers them to in-flight movies. I am proud to work in Sandoz Nordics where we have just been certified in Denmark as an accredited "Great Place to Work". There were 76 gainers and 67 decliners over the whole market, with 50.85 million shares worth $278.23m changing hands. "By having a generosity spirit, we get far more back than we give away" - Bruce Plested, Founder and Chairman of Mainfreight. During the first lockdown in March 2020 when COVID-19 was set to rage across New Zealand and mass unemployment was expected if the economy crashed, he wondered if it was time to give someone else a go at Mainfreight. [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. Greg Hurrell left a journalism career to work around the Middle East for 23 years and returned to New Zealand full-time in 2020. The definition of company insiders can be subjective and does vary between jurisdictions. Check out their presentation - https://bit.ly/3BAWpSs #mainfreight # . 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. In November 2014, Mainfreight acquired a regional air and sea freight company located in Dunedin. These must have served him well, given Mainfreights current NZX number six position on market capitalisation. He has a home on Waiheke and said the marina was not in the locals' interests. Liked by Brad Greer. The Mairs enjoyed sailing and fishing. Appointment to Board 1978 - With Mainfreight since 1978. So they generally do consider buying larger companies that are included in the relevant benchmark index. The wharf is expected to cost between $173m-$190m. In May, the. He says Plested's motivation mixes incentives with responsibility. 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. Local firm Heron Construction has the manufacturing rights for that system here and Mair has been to Sweden to meet the firm's chiefs. When an insider holds a sizeable amount of a company's stock,. To join your company account for BusinessDesk and enjoy full access, While studying institutional ownership for a company can add value to your research, it is also a good practice to research analyst recommendations to get a deeper understand of a stock's expected performance. This article by Simply Wall St is general in nature. Click on [Agree] or [Disagree] to accept or refuse cookies. You can change your choices at any time by clicking on the 'Privacy dashboard' links on our sites and apps. "When Mainfreight was starting out, people had to work late on Thursday nights loading sea freighters. The charity acquired more shares since then and they were worth $5.68m in June 2020. 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. Northport, a joint venture between Port of Tauranga and Marsden Maritime Holdings, is spending $8m on container infrastructure as volumes increase. Plested is also a great reader; some of those ideas come from books. Bryan has a wealth of experience, both in executive and board roles. In 2001, Mainfreight's management decided that technology needed a global role, and Drinkwater became CIO. As Nassim Nicholas Taleb said, 'Dont tell me what you think, tell me what you have in your portfolio. more. "[8], In June 2013, Mainfreight launched a lawsuit seeking 11 million or $18 million against Wim Bosman Group's former owners. Leverage your professional network, and get hired. At each branch the profit and loss figures are put up on the cafeteria wall. 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).
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