bruce plested, mainfreight

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 . Last year the business had revenue of NZ$1.9 billion and expects to reach $2 billion this year. If you do not want us and our partners to use cookies and personal data for these additional purposes, click 'Reject all'. Some small berths in the centre and other longer berths further out into the bay are unsold. Northport, a joint venture between Port of Tauranga and Marsden Maritime Holdings, is spending $8m on container infrastructure as volumes increase. Check out our latest analysis for Mainfreight. [7] This takeover was in response to the purchase of Tranz Rail by Australian transport firm Toll Holdings. Aquick summary of everything BusinessDesk has published in the previous 24 hours. ", Selwyn says Plested has personal qualities that make this management style work. You wont get many consultants that tell you to build a bespoke system.. Mainfreight is hosting a BBQ for customers, family and friends on September 22nd! Facilities for the wider boating community were, he said, a big plus on Waiheke. These must have served him well, given Mainfreights current NZX number six position on market capitalisation. Liked by Brad Greer. 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. Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. While peoples salaries reflect their positions of responsibility, the idea is that at a branch level they can only win by playing as a team. The Board of Directors typically meet once a month for Board meetings. (Image: Supplied). I like to dive deeper into how a company has performed in the past. The firm's Australian domestic freight and logistics division, Mainfreight Distribution, began operations in 1989, with an operation in Sydney. The charity acquired more shares since then and they were worth $5.68m in June 2020. You can change your choices at any time by clicking on the 'Privacy dashboard' links on our sites and apps. Change to Next-generation, cloud-based ERP systems yield new levels of strategic agility and business insights. Mainfreight founder says bonuses help solve inequality and - Stuff Property market metrics show the national average asking price is now almost $100,000 down on a year ago. 343 Engineer jobs in Grenoble, Auvergne-Rhne-Alpes, France (5 new) [4] This operation was expanded with depots in Melbourne and Brisbane. Luke Carran on LinkedIn: Per Angusta Ad Augusta. To help pay the bills on time, Plested gave the charity a $500,000 interest-free loan in 2020. Exit interview: Mainfreight CIO shares tech insights before signing off Fri, 13 May 2022 "I've always been interested in education. The company management answer to the board and the latter should represent the interests of shareholders. She says: "He can talk to people, of course the secret to doing that is being a good listener.". "There'll be no dredging or reclamation and no interference with the tidal zone.". Drinkwater says that in all the companies Mainfreight has acquired, the computer systems were inadequate. Mair estimates a quarter of berths are for sailboats, the rest for motorboats. Mainfreight also renamed Wim Bosman branches in the countries France, Poland, Russia and Ukraine under the Mainfreight name.[12]. The seafloor slopes naturally, eliminating any need for dredging. 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. They describe him as both a "rounded person who links to the commercial community" and an "extraordinary character". This can be negative in some circumstances. Mainfreight commenced operations in Auckland in 1978 and is the largest freight company in New Zealand. During his tenure, Drinkwater has witnessed huge changes in technology. In his 35-year career, Kevin Drinkwater has seen tremendous change and many fads. 2 Trust. This risk is higher in a company without a history of growth. Plested said he had given opponents SKP (previously called Save Kennedy Point) around $40,000 to pay for legal fees. He said it. "When Mainfreight was starting out, people had to work late on Thursday nights loading sea freighters. Shares go up and down.". Plested got in touch with Duff after seeing the writer in a documentary, talking about the state of New Zealand. "In more recent times I just read business books, which is quite naughty, he adds. 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. INRAE center Clermont-Auvergne-Rhne-Alpes SKP has challenged the marina in the Environment Court, High Court, Court of Appeal and is now headed to the Supreme Court. Target has offices in 35 cities throughout the United States and an international network of agents in over 70 countries.[15]. He says Plested's motivation mixes incentives with responsibility. "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. Putiki Bay at Kennedy Point is, he says, ideal because it's deep compared to other nearby bays, "2.5m to 5.5m". The Mainfreight culture is also focussed on the long term, and the business has a 100-year vision. Reminder, this is a Premium article and requires a subscription to read. Many of us here believe in the same principles, we're here for the long term. A licence from New Zealand Railways Corporation was needed to carry freight over 150km. Ultimately the future is most important. That barge was tagged by protesters "we don't want u!!". He has also personally funded marinas at Tutukaka, pua and rkei. In the process, Bruce Plested has become one of New Zealand's latest billionaires. -Warehouse BDM / ()_Warehouse BDM / () Bruce George Plested founded Mainfreight Ltd. Mainfreight employees are empowered to make decisions. He is also fast-moving. The government must focus on supporting exporters to innovate. click here to see if those insiders have been buying or selling. You can access this free report on analyst forecasts for the company. "It is all about visionary leadership. As for Mainfreight, he wants to build a 100-year company, and so there's no short-term decisions.. 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. No BusinessDesk Mainfreight Directors In looking back at his career, Drinkwater tells CIO New Zealand there are two ways for CIOs to measure their success: One is whether the solutions they deploy are better than people expected, and the other is whether the business keeps wanting to spend money on technology. 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 Top 200 Awards judges say he built a global transport company from nothing. "My involvement in these marina projects resulted in the sale of over 6000 marina berths.". Small company shows how the power of digital can transform lives. See more CEO Profile. "It's a disgrace, a kind of Appointment to Board 1978 - With Mainfreight since 1978. Here, he shares the lessons of his career with CIOs everywhere. I do want to say that there is no way wed ever go build our own email. "Completion of the whole project will be at the end of next year," Mair said. He sets high standards for himself and has created a family atmosphere where people want to prove their worth to him. 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. The firm offers managed warehousing and international and domestic freight forwarding services. Thats why there are so many packages out there, because consultants find it easy to sell packages. The TimeOut Charitable Trust connects holiday homeowners with the terminally ill and their families, offering them a chance to make lasting memories together. Drinkwater says the team are prescriptive about the software they deploy, and they often opt for bespoke solutions that are specific to Mainfreights business. 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. Today's top 343 Engineer jobs in Grenoble, Auvergne-Rhne-Alpes, France. Appointment to Board 1978 - With Mainfreight since 1978. Dr Oliver Hartwich. Richard Prebble is by profession a lawyer. Mainfreight has a policy of developing people and promoting them internally. Last period it bought $2.88m worth of them. Mainfreight has 9,240 employees, of which 8 are in a leadership position. The project was sold by South British Insurance to Wilkins & Davies. The site faces the prevailing southwesterly and berths are designed so boat sterns point into that wind, giving the least resistance or the lowest wind load. 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]. Bruce Plested - Biography - MarketScreener.com It is part of a distinct leadership style; a theme that runs through the history of the man and the company he founded with a single Bedford truck and $7000 some 37 years ago. Mainfreight founder Bruce Plested battling Waiheke Island marina Alternatively, email editorial-team (at) simplywallst.com. Show more. Mainfreight Limited is a New Zealand logistics and transport company headquartered in Auckland. It's a tough venue to weave into . Mainfreight chairman Bruce Plested has again used the company's annual report to speak out on social inequality, asking if sharing a percentage of profits among the people who helped create them . [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. The companys annual report has become a must-read for Plesteds chairmans statement. He was also involved in maritime projects in Singapore, Malaysia and Borneo followed. Me Today has opened its $3.75m offer of shares to retail investors at 8.8c a share to help fund the purchase of King Honey, and Me Today's share price slipped 0.005c or 4.46 per cent to 10.7c. 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 . Nearly a third of the trading value was in Mainfreight, which fell $1.80 or 2.33 per cent to $75.30. Mainfreight executive chairman Bruce Plested is the winner of the Deloitte Top 200 Visionary Leader 2014 Award. Ngti Poa iwi members have also been camping at the site where Mair's business began development in early March. They had a total of 1,540,506 employees among them. Braid says: "There a capitalist motive behind this, Bruce believes profit is a great motivator.". 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. [2] In 1979, Bruce Plested partnered with Neil Graham, with Graham based in Christchurch and Plested in Auckland. Kitt Littlejohn, an independent director of the marina business, says construction began in March because a valid resource consent existed. Mainfreight Limited is a listedNew Zealand logistics and transport company headquartered in Auckland. Mainfreight chair sells $75m in shares to expand Waiheke property Today he chairs a group of telecommunication companies. I am proud to work in Sandoz Nordics where we have just been certified in Denmark as an accredited "Great Place to Work". 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). 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. Grant Samuel & Associates Ltd. Kate brings to the Board her broad financial and analytical experience acquired in a range of industries, both in New Zealand and overseas. Synlait Milk, which supplies a2 Milk, was down 9c or 2.5 per cent to $3.51. At Mainfreight we all eat at one big long table.". That noted, before packing your bags you can expect to spend your first few years in Australia building your knowledge, skills and understanding of the Mainfreight way. more. 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This past Friday marked my final day with Mainfreight. He is most proud of his professional qualifications. 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. Director Profiles - Mainfreight This was the lion's share of the charity's total expenditure of $4.08m. Every investor in Mainfreight Limited ( NZSE:MFT ) should be aware of the most powerful shareholder groups. Dynamic Business: Visionary leader - Bruce Plested, Mainfreight When an insider holds a sizeable amount of a company's stock,. Asia, and the United States. There's more to the man's generosity than this example. Mainfreight Limited began its operations in Auckland, New Zealand in 1978. Tilt's share price edged ahead 2c to $8.02. Bruce believes people grow when they are given this responsibility. Spy: Stunning seaside wedding - Entertainment News - NZ Herald Bruce Plested - NBR | The Authority since 1970 subscription needed. Mainfreight launch new London Ocean Freight Branch In March 2011, Mainfreight entered the European market with the acquisition of Netherlands-based company Wim Bosman Group for 120 million; or $227 million. enter your email and well send you details, Mainfreight's Bruce Plested's love of books has benefited charity. 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. You may withdraw your consent at any time. Together we believe that for our tamariki "Anything is Possible.". The Group MD & Director of Mainfreight Limited (NZSE:MFT - Yahoo Simply Wall St has no position in any stocks mentioned.Have feedback on this article? Braid says the company offers staff training in every country it operates in. "I've always been interested in education. So it went to the Court of Appeal, which also said no. 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. Plested says some households ended up with 60 books on their shelves. One broker, who didn't want to be named, said Plested no doubt sold the shares to buy an asset. The business may have a requirement, but its our job is to make it even better than what they thought they wanted. [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. The index's intraday high was 12,587.68 points. 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.". It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. The government vs Mainfreight | The New Zealand Initiative Please contact your card provider or customer support. COLLIERS INTERNATIONAL BEST GROWTH STRATEGY : Mainfreight - Boldly 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 . You can see Mainfreight's historic earnings and revenue below, but keep in mind there's always more to the story. 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. 14 July, 2017. 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. 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. 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. His leadership is underpinned by a strong belief in Mainfreights global competency and capabilities to provide high-quality supply chain solutions for our customers. Doesnt matter what your position is. 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. "[8], In June 2013, Mainfreight launched a lawsuit seeking 11 million or $18 million against Wim Bosman Group's former owners. 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]. It isnt only schools that lack technology know-how, its also company boards, where Drinkwater says they are often led by consultants. New Engineer jobs added daily. Plesteds early home life was a book-filled one, and his mother would always read to her two sons. Bruce believes in sharing success with people who work hard. MAINFREIGHT LIMITED Company Profile - Dun & Bradstreet They can and probably do influence decisions on executive compensation, dividend policies and proposed business acquisitions. A year later they had nearly doubled in value to $11.10m. "I just give SKP money so it's more of an even fight. MFT Stock Price and Chart NZX:MFT TradingView With the takeover of the Owens Group in 2003 they purchased Owens International Australia. Few other business leaders think in terms of a 100 years or so. Weve probably trebled in size since then, yet were still using the same footprint. Other Current Directorships: Information and Communication Services Limited (Chairman), Seronic (NZ) Limited, and his family companies. This may not be consistent with full year annual report figures. 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.". 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.. Bruce George Plested founded Mainfreight Ltd. Mainfreight commenced operations in Auckland in 1978 and is the largest freight company in New Zealand. 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. [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. 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. If youre in the kitchen or the branch manager, you get the same amount of dollars based on your branchs performance, Drinkwater says. Mair is using Swedish technology from a floating marine business in Gothenburg. Fortunately, the pandemic has been kept at bay in New Zealand and the economy hasnt taken a dive, but Drinkwaters decision to retire from Mainfreight prevailed. madness, quite extreme. In 2001, Mainfreights management decided that technology needed a global role, and Drinkwater became CIO. Mainfreight 5 years 8 months National Sales Manager Apr 2021 - Present2 years 1 month New Zealand Sales Manager Jan 2020 - Apr 20211 year 4 months Auckland, New Zealand Account Manager Apr 2018 -. 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 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. Mainfreight Limited (NZE: MFT) is a global transport and logistics business based in New Zealand.. This endeavor launched the first permanent investment into South America. As Nassim Nicholas Taleb said, 'Dont tell me what you think, tell me what you have in your portfolio. But Plested also devours books that look askance at the global economic system. {{ 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. Mainfreight group managing director, Don Braid, (l) and chairman, Bruce Plested. Mainfreight chair and NBR Lister Bruce Plested has sold $75 million in Mainfreight shares to buy more property in Waiheke. On March 9, Heron Construction Co sent in the 180-tonne barge Calliope, a 50m x 20m structure topped by a 150ft beam crane, able to lift the heavy gear into place at Kennedy Point. It has been listed on the New Zealand Exchange since 1996. This is a world where budgets are deemed 'bullshit'. Despite a steady recovery in 2021, the magazine was hit by a recent decline in volumes and rising costs. 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. The share sale was disclosed to the NZX today and indicated one million shares were sold from Rorohara No. The government vs Mainfreight. Board meetings. Celebrating our founder, Bruce Plested's 80th Birthday at Mainfreight Warehousing Toronto! Mainfreight founder turns eye to social and environmental issues - Stuff 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. For more information, please visit our cookie statement. The wharf is expected to cost between $173m-$190m. The High Court said no. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. In 2003 Mainfreight bought Owens Group, one of New Zealand's largest trucking firms. Normally institutions would own a significant portion of a company this size. 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. 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 G Plested, Mainfreight Ltd: Profile and Biography He imagines he follows the rules but still gets "hauled off to a concentration camp". Bruce Plested. Swallows and Amazons, Arthur Ransomes perennial tale of a summer camping and sailing in the English Lake District, is one book he fondly remembers. [3] [4] When the company was founded it entered a highly regulated transport market. Precinct Properties reported a full-year revaluation gain of $284m including the $148.5m increase recognised at the end of December. Braid says Plested's vision is for the future. The marina will be open to the public during daylight hours, with access available to the main marina pier and caf. The lender said it's engaged with the board on "plans for remediation".

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