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Mainfreights newest regions, Asia, Europe and The Americas (spanning from Canada to South America), are expected to grow exponentially as the world trade shifts towards other developing countries. Mainfreight was founded on 6 March 1978 by Bruce Plested who started the company with just $7,200 and a 1969 Bedford truck. But the excitement is justified. BusinessDesk has a paywall for most of its content. Were not thinking about selling our shares, were not thinking of getting out when the goings good were here for the good and the bad so were preparing the business for that next 100 years. The long-term effects must be carefully studied. I dont see this as a job, so therefore the stress levels arent as strong. We use functional and analytical cookies on our website to offer an optimal user experience. That includes a new facility for Owens Transport in Penrose, Auckland and additional land in Nelson, Hastings, Cambridge and Wellington. So take a peek at this free list of interesting companies. d***@mainfreight.com. I believe that I shouldnt ask my colleagues/work mates/ team to do any task I would not do myself or know how to do. Part of our recruitment process is to get them to go through the system and learn the business from the floor up: you start by pushing a broom or running documents to Customs. How does that actually work, practically? I learned that early in the piece and I think its stood me in good stead. Its revenue is up 5.9% over the last year. As an example, we know what money weve made or lost last week in every single one of those 282 branches as of about half an hour ago. Mainfreight Limited has seen its earnings per share (EPS) increase by 19% a year over the past three years. Under his guidance, the freight and logistics company has grown and expanded to now run operations in New Zealand, Australia, Asia and the United States. I think the only measure of whether weve got the culture right will be seen in the numbers and in the customer service. Previously, Don was a Political Columnist at Calgary Herald. Chief executive, Air New Zealand Appointment to Board 2000 - With Mainfreight since 1994. Look after your people and theyll look after the business. Im always exploring those opportunities and may be experimenting in particular regions or with particular customers before implementing that across the rest of the business. +64 27 403 0148+64 9 905 4804Jill.Steffert@iod.org.nz, The Auckland Branch acknowledges the generous support of. In 1994 Mainfreight purchased the business, and Don went on to hold various senior management roles at Mainfreight prior to his appointment as Managing Director in 2000. If salary dominates total compensation, it suggests that CEO compensation is leaning less towards the variable component, which is usually linked with performance. The government is pushing really hard for the major New Zealand companies to pay their suppliers on time, within 30 days. Mainfreight commenced operations in Auckland in 1978 and is the largest freight company in New Zealand. Group Managing Director at Mainfreight NZ . Not bad for a Kiwi trucking company! So the idea was to make sure that our people were right, that our systems were ok, what customers could trade, and how we could help those customers as an essential service. Who wouldnt want exposure to the retirement sector? See the full transcript below. Typically modest about his achievements, the 57-year-old is always quick to acknowledge the team effort behind Mainfreights success. As Group Managing Director of Mainfreight Limited - one of New Zealands largest freight companies - Don Braid joins us to share key insights for directors into the changing patterns of these chains and what the future may hold. Don Braid is Managing Director/CEO at Mainfreight Ltd. See Don Braid's compensation, career history, education, & memberships. Copyright 2023 Institute of Directors Don has over 40 years' experience in the freight industry, including 26 with Mainfreight. I think its about ready-fire-aim: making sure were steady, allowing decisions to be made, and shaking them up as we get on. Don: Well, the numbers never lie, right? Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. don@mainfreight.com; Profile. Those are the real world indicators of whether youve got morale correct or not or whether youve got some issues going on you need to address. I really want to be in front of those customers! You cant see yourself as an employer of 8500 people. Don Braid is a Group Managing Director at Mainfreight NZ based in Mangere, . It has been listed on the New Zealand Exchange since 1996. The opportunities offshore and the populations that exist in some of those other countries are large; you only have to get something half right in some of those countries and youre growing a big business compared to what you have here in New Zealand. But they had different regulations for different countries: it was a metre between the two trucks, it was a metre and half in Belgium, and it was two meters in France. Target has offices in 35 cities throughout the United States and an international network of agents in over 70 countries.[15]. PO Box 65092, Mairangi Bay, Auckland, New Zealand, Top 200 : Deloitte/Management magazine Executive of the Year Don Braid Clear Vision. Moreover, Don Braid also holds NZ$171m worth of Mainfreight stock directly under their own name, which reveals to us that they have a significant personal stake in the company. An unabashed promoter of New Zealand success, he has an extensive background in the banking industry in New Zealand and Australia, with senior management experience in marketing, strategic planning, retail services and business development. "You can imagine what they need to eat, drink and use," says Braid in the boardroom of Mainfreight's building in Otahuhu. Spearheading the management team at New Zealands largest supply chain logistics and transport company has paid off handsomely for Mainfreight group managing director Don Braid. While there was someone in the drivers seat, the computer took over the vehicle. So we are developing our people to be the best they possibly can be. Biography Don: The recruitment of our people sits with the branch managers. [8], Headquartered in 's-Heerenberg, The Netherlands, Wim Bosman is privately held and operates more than 1,000 transport units, manage more than 275,000m2 of cross-docking facilities and warehouse area, and employ roughly 1,414 staff within 14 branches located in The Netherlands, Belgium, France, Romania, Poland, and Russia. Mainfreight people, he says, don't "live in question marks". Mainfreight Limited is a New Zealand logistics and transport company headquartered in Auckland. He likes to surround himself with clever, energetic people who are equally as dedicated as him to meeting and exceeding the needs of Mainfreights customers. If theyre not on their game, you can see that really quickly so you either get alongside them and help them or if it goes on for too long you realise weve got the wrong person in the wrong role and weve got to change them. Group managing director Don Braid said it was a significant result for the Mainfreight family, achieved during a tumultuous time in the worlds history and with success in every one of the five regions the company operated. Other Current Directorships: Information and Communication Services Limited (Chairman), Seronic (NZ) Limited, and his family companies. Mainfreight's net profit rose by $40.1m to $188.1m. Simply Wall St has no position in any stocks mentioned.Have feedback on this article? I think our owner drivers are a key component of the relationship with the customer. So you need to make sure youve got succession planning to be able to work on the dream that youre creating. Mainfreight will pay a discretionary bonus of $43.9 million, up 61% from last year's bonus of $27.3m, after a record result to March which saw net profit up by $40.1m to $188.1m. Mainfreights two new build warehouses, a 50,000 square metre facility in Sydney and 30,000sqm build in Melbourne, are scheduled for completion by end next year. He has issued a New research confirms the importance that NZ business leaders place on reputation, but reveals that many companies need to increase their investment in building and protecting it. Although the pay is close to the industry median, overall performance is excellent, so we don't think the CEO is paid too generously. This analysis will also evaluate the appropriateness of CEO compensation when taking into account the earnings and shareholder returns of the company. "I think I've always enjoyed business, from an early age, so to be involved like I am today has been great. I give them the ability and the responsibility to deliver, and I give them great support and lots of guidance. So Don, my first question is whats been your main focus the past two months during Covid times and leading Mainfreight and global business? Don Braid. Indonesia ups trade potential with focus on corporate governance, NZ business needs to invest more in reputation, NZ corporates taking a lead in health & safety. Where do we need to be? Hes the right man for the job at just the right time. The company is growing EPS and total shareholder returns have been pleasing. So weve got eight and a half thousand people and 282 locations. He is 100 percent dedicated to Mainfreight and its future and has led the company in consolidating its position as an international business, progress which will bring rewards not only for that company but for New Zealand as it continues to expand offshore. | Mainfreight managing director Don Braid, left, and founder and chairman Bruce Plested who says businesses should share profits with workers. How do you measure this? And I suppose the key thing that we had in our mind was how are we going to run this business to survive and not make anybody redundant. If were going to build facilities for our people, we build very good facilities to be around for a long time. Our data indicates that Mainfreight Limited is worth NZ$4.0b, and total annual CEO compensation was reported as. Theyll have the Mainfreight culture, but itll have a little twist for example, the culture in Shanghai is different to the culture in Newark or the Netherlands or Sydney. Today he chairs a group of telecommunication companies. The firm's Australian domestic freight and logistics division, Mainfreight Distribution, began operations in 1989, with an operation in Sydney. Zac: Mainfreight was started back in the late seventies by Bruce Plested, who is the chairman now. The firm has earned a reputation within the market for being slickly-run. Our data indicates that Mainfreight Limited has a market capitalization of NZ$6.0b, and total annual CEO compensation was reported as NZ$3.0m for the year to March 2020. Our thoughts are with our members and their organisations impacted by Cyclone Gabrielle. In May 2011, Mainfreight established a CaroTrans branch in Santiago, Chile. The trick is to decentralize it and to give them control of the profit and loss, allow them to have sufficient KPIs, and measurement systems to monitor those as quickly as possible so that nothing gets out of control. Rob Fyfe is the polished and personable face of the new lean and globally competitive Air New Zealand. Weve needed to adjust, particularly in the international sector, air freight charters rather than just normal air freight our people had never had any experience in chartering a full plane. Moreover, Don Braid also holds NZ$171m worth of Mainfreight stock directly under their own name, which reveals to us that they have a significant personal stake in the company. We note that the salary portion, which stands at NZ$2.20m constitutes the majority of total compensation received by the CEO. Us taking away that clock was about responsibility and about taking away that control from head office. [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. Mainfreight was founded on 6 March 1978 by Bruce Plested who started the company with just $ 7,200 and a 1969 Bedford truck. His visits to our local and overseas operations guide our teams to be sales-focused and always aiming for operational excellence. Those people become good leaders early in the piece they might be only leading a couple of people by the time they make branch manager status but they understand the roles of leadership within Mainfreight. [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. [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. As you get bigger, staff engagement and culture becomes more difficult. How do I gain more customers? See ourstandard terms and conditionsfor more information. Don joined in 1994 and hes been on the board since 2000 and the CEO for a heck of a long time. I might get a little bit wound up about stuff, a bit passionate about things, but I think you cant get so involved that you think about nothing else. Having started out with two employees and one truck in 1978, the company now employs more than 7500 people in 22 countries and generated a net profit of $103m in the 2017 financial year on operating revenue of $2.33 billion. Rising inflation and labour shortages have added to the Covid-19 melting pot, crippling global supply chains and trade growth. People thrive on being given responsibility. Its having empathy and I think Im patient, determined, have belief and energy. Will His AI Plans Be Any Different? "We were exposed to Covid-19 quite early in the piece, probably earlier than many others because of our operations in China. Look after our people, look after our customers, guard our cash, and embrace the opportunities that may arise.. I guess whats annoying is that we have got to wait for an election year to get this kind of stuff. Youve got to think about that as small groups of people looking after our customers and each group is important in their own right and theyll have their own little traits. Two other directors joined KiwiRail's board earlier this year, Rob Jager and Ed Sims. The firm's shares have been one of the best performing stocks on the NZX, returning more than.
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