The speed of data transmission and the power of the compute has increased exponentially, while software solutions have become more efficient, and hardware has de-scaled. Bruce Plested - Biography - MarketScreener.com Latest Mainfreight share price and news. Follow MFT on the NZX Napier Port held an institutional investor day and rose 14.8c or 4.52 per cent to $3.42. He says Plested's motivation mixes incentives with responsibility. The hidden mansions of Billionaire's Bay | Stuff.co.nz Here, he shares the lessons of his career with CIOs everywhere. 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.". 343 Engineer jobs in Grenoble, Auvergne-Rhne-Alpes, France (5 new) Those iwi members are also vowing to stop the scheme, citing the kaupapa of the moana. Something else binds employees to their branch: Mainfreight pays a bonus on a branch by branch basis where 10 per cent of net profit goes to employees. In 2001, Mainfreight's management decided that technology needed a global role, and Drinkwater became CIO. Port of Tauranga was up 4c to $7.30, and Marsden was down 3c to $6.02. Taking a look at our data on the ownership groups (below), it seems that institutional investors have bought into the company. But Plested also devours books that look askance at the global economic system. One of the most concrete examples is the companys bonus scheme, whereby everyone in a branch is paid the same dollar amount in bonuses each year. Brad Greer - National Business Development Manager - Mainfreight - LinkedIn Generali's No.3 investor Caltagirone withholds backing for 2022 accounts -sources, Musk says Tesla likely to launch full self-drive technology 'this year', Exclusive: JPMorgan employees gripe about Dimon's return-to-office edict, SpaceX rocket explosion illustrates Elon Musk's 'successful failure' formula, Cucinelli posts 33% rise in Q1 sales, confirms 2023 revenue growth forecast, Exclusive-Peter Thiel, Republican megadonor, won't fund candidates in 2024 - sources, Virginia Governor Youngkin 'humbled' by talk of possible presidential run, European Midday Briefing: Mood Brighter After -2-, Tim Cook unveils new Apple store in India, Morgan Stanley's dealmaking CEO Gorman signals more transactions to come, Transcript : Australian Foundation Investment Company Limited - Shareholder/Analyst Call. Bruce would make sure there was a roast dinner laid on for everyone who helped.". "My involvement in these marina projects resulted in the sale of over 6000 marina berths.". Our information suggests that insiders maintain a significant holding in Mainfreight Limited. Property market metrics show the national average asking price is now almost $100,000 down on a year ago. Braid says Plested's vision is for the future. He was also involved in maritime projects in Singapore, Malaysia and Borneo followed. Appointment to Board 1978 - With Mainfreight since 1978. 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. 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. 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. Thats why we divide the profit at the branch evenly. Bruce is also someone I admire. MAINFREIGHT Careers and Employment | Indeed.com Chia Sisters introduces game-changing drinks packaging taking inspiration from an unexpected sector. "It's no use just giving people more money." Plested's early home life was a book-filled one, and his mother would always read to her two sons. Simply Wall St has no position in any stocks mentioned.Have feedback on this article? Other Current Significant Directorships and Trusteeships: BUPA ANZ Pty Limited (Chairman), Adherium Limited, Clearspan Limited, Thinxtra Australia, Starship Foundation, Massey University Foundation. 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 . Mainfreight - Bairds Mainfreight Primary School When such a trade goes wrong, multiple parties may compete to sell stock fast. Mainfreight founder Bruce Plested, who started the firm in 1978, remains involved as board chairman, and the average tenure of Mainfreight's global leadership team is 20 years, Bowley. Jeremy Serrurier posted on LinkedIn Despite a steady recovery in 2021, the magazine was hit by a recent decline in volumes and rising costs. The project was sold by South British Insurance to Wilkins & Davies. New Engineer jobs added daily. Ready Fire Aim: The Mainfreight Story - Penguin When an insider holds a sizeable amount of a company's stock,. FedEx remains UPS's biggest competitor. 14 July, 2017. This is a world where budgets are deemed 'bullshit'. . [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. Lyon is France's third-largest city and a major tourist destination. Braid says: "There a capitalist motive behind this, Bruce believes profit is a great motivator.". Richard Prebble is by profession a lawyer. [4] In 1998, Mainfreight acquired Australian freight forwarder ISS Express lines, subsequently establishing an Australian international freight business. "That was the start of the marina division where we got up to 60 staff eventually.". See more CEO The road to the marina will be widened, improved in a strip around 200m long. Bruce is a one-off," Duff said. For more information, please visit our cookie statement. Drinkwater started at Mainfreight in 1986 as its financial controller, and he has held several roles, including in sales and warehousing in New Zealand and the US. 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. Kitt Littlejohn, an independent director of the marina business, says construction began in March because a valid resource consent existed. 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. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Mainfreight heading for 'impressive' record profit on pandemic - Stuff Online (PDF) Ready Fire Aim The Mainfreight Story Download | The Pranitas Reporting directly to the CEOfirst to founder Bruce Plested, and then to Don. The Centre is part of a particularly dynamic ecosystem, within the second French . Meal kit company My Food Bag rose 6c or 4.26 per cent to $1.47 after telling the market it will be using social enterprise firm GoGo's carbon footprint tracker app. Mainfreight Leadership: Executives and Demographics Change to Next-generation, cloud-based ERP systems yield new levels of strategic agility and business insights. 4 reasons to get excited about Mainfreight (NZE: MFT) shares Ngti Poa iwi members have also been camping at the site where Mair's business began development in early March. 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. [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 commenced operations in Auckland in 1978 and is the largest freight company in New Zealand. Founded by Bruce Plested who started the company with just NZD$7000.00 and a 1969 Bedford Truck. Mainfreight International was Mainfreight's first international sea and airfreight business and was started in 1984 by Bruce Plested's brother Gerald. When the company was founded it entered a highly regulated transport market. Luke Carran on LinkedIn: Per Angusta Ad Augusta. 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. People expect more, boats got bigger. They make their own decisions and have autonomy, but they want 'Dad' to be happy with them. Mainfreight Directors Mainfreight is a rapidly expanding international business, so there's no shortage of overseas postings on offer. [7] This takeover was in response to the purchase of Tranz Rail by Australian transport firm Toll Holdings. Arriving fresh faced from university, this company for the past (almost) three years has. You can see Mainfreight's historic earnings and revenue below, but keep in mind there's always more to the story. Likewise, his strongly-held beliefs relating to the importance of education and of recycling/ sustainability . Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. 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. (Image: Supplied). The trust now has a 14.83 per cent shareholding in Mainfreight, down from 16.29 per cent. But David Baigent of marina opponents SKP Inc describes the project as "an offensive, elitist edifice". The project is downsized from the original plans. Don has over 40 years experience in the freight industry, including 26 with Mainfreight. He is also on the board of Rorohara No 2 Trust. Property market metrics show the national average asking price is now almost $100,000 down on a year ago. 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.". 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. We use functional and analytical cookies on our website to offer an optimal user experience. Fri, 13 May 2022 "I've always been interested in education. As for new sector-specific technologies, he says that driverless trucks are on their way but the technology isnt here yet. enter your email and well send you details, Mainfreight's Bruce Plested's love of books has benefited charity. The Mainfreight instruction manual is short: Feel the fear but do it anyway. Best Things to Do in Auvergne Rhne-Alpes, France 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. 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. Boats will discharge into facilities at the bay end of the marina. [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. In 1979, he was asked to build a new marina at Westharbour (now called Hobsonville Marina). That will be a jack-up barge with a drilling rig, able to work on the 26 reinforced concrete piles for the new wharf. It's no use just giving people more money.. Mainfreight Limited began its operations in Auckland, New Zealand in 1978. 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]. At each branch the profit and loss figures are put up on the cafeteria wall. MAINFREIGHT Careers and Employment | Indeed.com If you do not want us and our partners to use cookies and personal data for these additional purposes, click 'Reject all'. This may not be consistent with full year annual report figures. Liked by Tansy Austin. Small company shows how the power of digital can transform lives. That while in theory its possible to scale up and down when using public cloud, in reality the latter almost never happens. 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. To help pay the bills on time, Plested gave the charity a $500,000 interest-free loan in 2020. Tilt's share price edged ahead 2c to $8.02. The High Court said no. In 2007, Mainfreight acquired Target Logistics, a United States based forwarder with 34 offices, and an extensive agent network. He is fiercely proud of the Mainfreight culture seeing this as a key reason customers choose Mainfreight over the competition. Exit interview: Mainfreight CIO shares tech insights before signing off He is most proud of his professional qualifications. 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. Our data reflects individual insiders, capturing board members at the very least. Likewise, his strongly-held beliefs relating to the importance of education and of recycling/ sustainability, continue to positively shape the Companys behaviours. ", Selwyn says Plested has personal qualities that make this management style work. Notably, sometimes top-level managers are on the board themselves. A Ferry-Commute from Auckland, Waiheke Island Offers Sun, Sand and Wine The company was established in Auckland, New Zealand, in 1978 by our current Chairman, Bruce Plested. [3][4], When the company was founded it entered a highly regulated transport market. Selwyn has worked with Plested for 41 years, since before he started Mainfreight. When the company was founded it entered a highly regulated transport market. Mainfreight executive chairman Bruce Plested is the winner of the Deloitte Top 200 Visionary Leader 2014 Award. Stay informed on business, government and financial developments across New Zealand from our team of 27 journalists. COLLIERS INTERNATIONAL BEST GROWTH STRATEGY : Mainfreight - Boldly You wont get many consultants that tell you to build a bespoke system.. "In more recent times I just read business books, which is quite naughty, he adds. NZ companies are well below the global aspirational target for charitable giving. He sets high standards for himself and has created a family atmosphere where people want to prove their worth to him. Synlait Milk, which supplies a2 Milk, was down 9c or 2.5 per cent to $3.51. 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.. Shares go up and down.". Bruce Plested. 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. 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. Under the visionary eye of founder and chairperson Bruce Plested, they say, the company's performance has demonstrated "total consistency, total focus". 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. Brothers David and Kerry are also involved in the boating and marine sectors. This is a world where budgets are deemed 'bullshit'. Ready Fire Aim: The Mainfreight Story - Google Books In March 2011, Mainfreight entered the European market with the acquisition of Netherlands-based company Wim Bosman Group for 120 million; or $227 million. Bruce George Plested founded Mainfreight Ltd. 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. Reminder, this is a Premium article and requires a subscription to read. Click on [Agree] or [Disagree] to accept or refuse cookies. Mainfreight founder turns eye to social and environmental issues - Stuff The context, as both recall, was the murder of a child. The list of best things to do in Auvergne-Rhne-Alpes includes sightseeing, pretty towns, history, and natural wonders! Other Current Directorships: Information and Communication Services Limited (Chairman), Seronic (NZ) Limited, and his family companies. Last period it bought $2.88m worth of them. Plested says some households ended up with 60 books on their shelves. That single transaction was for NZ$3.5m worth of shares at a price of NZ$69.49 each . Dynamic Business: Visionary leader - Bruce Plested, Mainfreight Yes, we are using a lot more energy and cooling, but the density of the compute has been a huge enabler., Drinkwater estimates that just 5% of its compute is in the public cloud, with 95% in servers in New Zealand, Asia, Australia, and the US.
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