The Mairs enjoyed sailing and fishing. [16] In 2020, CaroTrans Chile was re-branded as Mainfreight Chile. You can change your choices at any time by clicking on the 'Privacy dashboard' links on our sites and apps. 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. The government vs Mainfreight. 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. People from the outside that take your watch and tell you how to read the time. "We'd find a soft spot and dig eight to 10ft in and find these cannonballs," recalls the engineer, now in his mid-70s. Based on our data team's research, Ben Fitts is the Mainfreight's CEO. To join your company account for BusinessDesk and enjoy full access, 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. Within four months of the sale, that system was ripped out and replaced by Mainfreights bespoke system at a cost of $25,000 and the finance team reduced to three people. But Plested also devours books that look askance at the global economic system. Thats why there are so many packages out there, because consultants find it easy to sell packages. Bruce would make sure there was a roast dinner laid on for everyone who helped.". Reporting directly to the CEOfirst to founder Bruce Plested, and then to Don. While they have used off-the-shelf solutions (or packages, as he describes them), Drinkwater says these often dont meet the needs of the business. 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. I generally like to see some degree of insider ownership, even if only a little. The philanthropist was recognised at the New Zealander of the Year awards. He imagines he follows the rules but still gets "hauled off to a concentration camp". 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. "It is all about visionary leadership. 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. 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. Bruce George Plested founded Mainfreight Ltd. "It turned out to be the best money they ever made, Plested admits. Please contact your card provider or customer support. Please note that with cookies disabled you will have a degraded experience with some features. 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 . A licence from New Zealand Railways Corporation was needed to carry freight over 150km. 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. 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. The Top 200 Awards judges say he built a global transport company from nothing and has done many wonderful things along the way. There are no company memos and as little email as they can get away with. "My involvement in these marina projects resulted in the sale of over 6000 marina berths.". In 2003 Mainfreight bought Owens Group, one of New Zealand's largest trucking firms. The firm offers managed warehousing and international and domestic freight forwarding services. You may withdraw your consent at any time. A license from New Zealand Railways Corporation was needed to . During his tenure, Drinkwater has witnessed huge changes in technology. The share sale was disclosed to the NZX today and indicated one million shares were sold from Rorohara No. Leisure and travel stocks SkyCity Entertainment rebounded 10c or 2.9 per cent to $3.55; Serko gained 30c or 4.23 per cent to a new high of $7.40; and Tourism Holdings increased 4c to $2.57. The TimeOut Charitable Trust connects holiday homeowners with the terminally ill and their families, offering them a chance to make lasting memories together. See more CEO 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. Bruce Plested. The definition of company insiders can be subjective and does vary between jurisdictions. He is most proud of his professional qualifications. This article by Simply Wall St is general in nature. 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 . He recalls the money was for spending, not investing. Normally institutions would own a significant portion of a company this size. In 2008, the United States locations were re-branded as Mainfreight USA. Mainfreight Ltd. provides transportation and logistics solutions. We were spellbound.. 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. Boats will discharge into facilities at the bay end of the marina. Despite a steady recovery in 2021, the magazine was hit by a recent decline in volumes and rising costs. You can cancel anytime with two clicks, an email or a phone call. 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. Founded 2,000 years ago, Lyon's streets are a living museum, with beautiful historical buildings and interesting art galleries and museums. Putiki Bay at Kennedy Point is, he says, ideal because it's deep compared to other nearby bays, "2.5m to 5.5m". "In more recent times I just read business books, which is quite naughty, he adds. He is a long-term bull on the stock and I have no issue whatsoever with his move.". All subscriptions auto renew but are easy to cancel. Today Mainfreight has been transformed into a major international logistics company with 6011 employees working in 233 operations around the world. Quite a few analysts cover the stock, so you could look into forecast growth quite easily. He earlier studied science at the Victoria University of Wellington. The company management answer to the board and the latter should represent the interests of shareholders. 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. As a Government Minister, Richard was responsible for creating SOEs, deregulating telecommunications and broadcasting, reforming ports, airports, railways and aviation. It features a cartoon character Duffy at the bottom, with a monthly saying, such as Have you read to your children today?. Mainfreight Limited is a listedNew Zealand logistics and transport company headquartered in Auckland. 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. 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. From our data, we infer that the largest shareholder is Bruce Plested (who also holds the title of Top Key Executive . Change to Next-generation, cloud-based ERP systems yield new levels of strategic agility and business insights. In 2006 the New Zealand Mainfreight International and Owens International businesses were also merged to make Mainfreight Owens International Ltd (now Mainfreight International). Photo / NZME. 1. We, Yahoo, are part of the Yahoo family of brands. If youre in the kitchen or the branch manager, you get the same amount of dollars based on your branchs performance, Drinkwater says. Founded by Bruce Plested who started the company with just NZD$7000.00 and a 1969 Bedford Truck. "I don't look at myself as a developer. Stay informed on business, government and financial developments across New Zealand from our team of 27 journalists. Drinkwater says the team are prescriptive about the software they deploy, and they often opt for bespoke solutions that are specific to Mainfreights business. Get started by entering your email address below. He has also personally funded marinas at Tutukaka, pua and rkei. 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. Bruce believes people grow when they are given this responsibility. Today's top 343 Engineer jobs in Grenoble, Auvergne-Rhne-Alpes, France. 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.. In the meantime, opponent SKP hopes to go to court this month. 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. Institutional investors commonly compare their own returns to the returns of a commonly followed index. Bruce George Plested founded Mainfreight Ltd. 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. The project is downsized from the original plans. Get in touch with us directly. Mair estimates a quarter of berths are for sailboats, the rest for motorboats. To help pay the bills on time, Plested gave the charity a $500,000 interest-free loan in 2020. Mainfreight Ltd. engages in the freight logistics services and supply chain solutions. However, high insider ownership can also give immense power to a small group within the company. Generally. The company was established in Auckland, New Zealand, in 1978 by our current Chairman, Bruce Plested. Greg Hurrell left a journalism career to work around the Middle East for 23 years and returned to New Zealand full-time in 2020. Drinkwater has contributed to the local CIO community and has regularly featured in the CIO50 New Zealand Awards in 2019 he was No. So they generally do consider buying larger companies that are included in the relevant benchmark index. So SKP went to the High Court asking for permission for a rehearing in the Environment Court on the basis of having new evidence. You wont get many consultants that tell you to build a bespoke system.. "I've always been interested in education. Ngti Poa iwi members have also been camping at the site where Mair's business began development in early March.