Bruce believes people grow when they are given this responsibility. Brothers David and Kerry are also involved in the boating and marine sectors. Last year the business had revenue of NZ$1.9 billion and expects to reach $2 billion this year. Synlait Milk, which supplies a2 Milk, was down 9c or 2.5 per cent to $3.51. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. While institutions invested in Mainfreight Limited (NZSE:MFT) benefited They all know they are expected to look after customers, giving them a high quality freight service," he says. You can change your choices at any time by clicking on the 'Privacy dashboard' links on our sites and apps. Plested is within a hair's breadth of becoming a billionaire - on paper at least - from his Mainfreight stake alone when the shares hit an all-time high $60.10 yesterday, valuing the 16.2 million shares he directly owns or oversees as a trustee at $974.7 million.The shares were trading this morning at $59.30 for a valuation of $960.55 million for It now sits at 79.3.ANZs chief economist Sharon Zollner said households were concerned about the rising cost of living, particularly those with large ANZs economists now expects house prices to fall 18% from the November 2021 peak and bottom out in June.It previously signalled they would fall 22% but noted housing market data has been stronger than expected. Profile. From our data, we infer that the largest shareholder is Bruce Plested (who also holds the title of Top Key Executive . . Ready Fire Aim: The Mainfreight Story - Penguin He is also on the board of Rorohara No 2 Trust. "We are funding this by donors coming up to us and putting serious financial skin in the game.". This risk is higher in a company without a history of growth. Paul Ford on Auckland cricket | ESPNcricinfo I generally like to see some degree of insider ownership, even if only a little. He has also lent his considerable support to not-for-profit organisations such as the Starship Foundation. Mainfreight Ltd. engages in the freight logistics services and supply chain solutions. Mainfreight chair and NBR Lister Bruce Plested has sold $75 million in Mainfreight shares to buy more property in Waiheke. COLLIERS INTERNATIONAL BEST GROWTH STRATEGY : Mainfreight - Boldly 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. 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. Mainfreight group managing director, Don Braid, (l) and chairman, Bruce Plested. Plested is also a great reader; some of those ideas come from books. When the company was founded it entered a highly regulated transport market. For six years, he has fought to build an Auckland marina adjacent to SeaLink's vehicle ferry terminal and breakwater on Waiheke Island. NZ companies are well below the global aspirational target for charitable giving. Between 1994 and 1997 Mainfreight started acquiring former competitors, such as, Daily Freightways and Chem Couriers in 1994, a 75% shareholding in Lep New Zealand in 1996, and Combined Haulage and Senco Haulage in 1997. It's no use just giving people more money.. 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. Founder Bruce Plested and Group President Don Braid highlighted this exciting site at the annual general shareholders meeting! During his tenure, Drinkwater has witnessed huge changes in technology. Mainfreight has a policy of developing people and promoting them internally. The Top 200 Awards judges say he built a global transport company from nothing. One of the critical areas that we need to improve on is using data to create more predictability, he says. But Plested also devours books that look askance at the global economic system. When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. [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. It has been listed on the New Zealand Exchange since 1996. Reporting directly to the CEOfirst to founder Bruce Plested, and then to Don. Bruce is also someone I admire. Get in touch with us directly. ", Selwyn says Plested has personal qualities that make this management style work. Today's top 343 Engineer jobs in Grenoble, Auvergne-Rhne-Alpes, France. Don has over 40 years experience in the freight industry, including 26 with Mainfreight. Drinkwater says the team are prescriptive about the software they deploy, and they often opt for bespoke solutions that are specific to Mainfreights business. Duffs confidence in Mainfreight has led to the charity taking a large stake in the company. The lack of enthusiasm for digital subjects may be because teachers dont have the expertise or passion for technology, and a way to solve this problem could be to have expert teachers come into the schools and teach block courses. Copyright 2023 IDG Communications, Inc. His leadership is underpinned by a strong belief in Mainfreights global competency and capabilities to provide high-quality supply chain solutions for our customers. MFT Stock Price and Chart NZX:MFT TradingView Currently, he is Executive Chairman at this company and Chairman of Mainfreight GmbH (a subsidiary of Mainfreight Ltd.). You can click here to see if those insiders have been buying or selling. On 11 June 2007, Mainfreight 'signed a call option deed' to purchase the entirety of the shares of Australian-based Halford International. Notably, that recent purchase by Bruce Plested is the biggest insider purchase of Mainfreight shares that we've seen in the last year. Liked by Brad Greer. The certification is based. The relationship has been ongoing. Mainfreight heading for 'impressive' record profit on pandemic - Stuff He built a billion-dollar logistics business, starting with a single Bedford truck in the 1970s. Quite a few analysts cover the stock, so you could look into forecast growth quite easily. Currently, he is Executive Chairman at this company and Chairman of Mainfreight GmbH (a subsidiary of Mainfreight Ltd.). enter your email and well send you details, Mainfreight's Bruce Plested's love of books has benefited charity. 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. (Image: Supplied). Online (PDF) Ready Fire Aim The Mainfreight Story Download | The Pranitas Check out their presentation - https://bit.ly/3BAWpSs #mainfreight # . Mair did an engineering degree in Auckland in the early 1970s, then worked for the once-great Wilkins & Davies. Some small berths in the centre and other longer berths further out into the bay are unsold. [16] In 2020, CaroTrans Chile was re-branded as Mainfreight Chile. As Chairman and Founder, Bruce shares his vision for the Company with the Mainfreight team, bringing a particular focus to quality and our culture. "Five-figure sums," Baigent said last year. Mainfreight founder and chairman Bruce Plested. The other thing is to have our own ideas. Under the visionary eye of founder and chairperson Bruce Plested, they say, the company's performance has demonstrated "total consistency, total focus". "It turned out to be the best money they ever made, Plested admits. In addition to the all-hands Board meetings, the Board will have a number of . He is also on the board of Rorohara No 2 Trust. Top 10 UPS Competitors in 2023 Mainfreight Limited was founded in 1978 by chairman Bruce Plested. Small company shows how the power of digital can transform lives. Insider ownership is positive when it signals leadership are thinking like the true owners of the company. 2 Trust. Precinct's portfolio will be valued at $3.3 billion at the end of June. Taking a look at our data on the ownership groups (below), it seems that institutional investors have bought into the company. Northport is forecasting a 15 per cent lift in container traffic volume for the financial year ending June. Profile. Photo / NZME. 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]. 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. The company was founded by Bruce G. Plested in 1978 and is headquartered in Auckland, New Zealand. Today he chairs a group of telecommunication companies. The latest ANZ-Roy Morgan Consumer Confidence Index has lifted one point in April, but still remains "at an extremely low level". People are given free rein and that means sometimes they make mistakes. 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. "We'd find a soft spot and dig eight to 10ft in and find these cannonballs," recalls the engineer, now in his mid-70s. To get the disclaimer out of the way, Mainfreight's founder and chair Bruce Plested is not only a member of the Initiative. If you do not want us and our partners to use cookies and personal data for these additional purposes, click 'Reject all'. If you would like to customise your choices, click 'Manage privacy settings'. 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. 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.". Much closer on the horizon are electric trucks. [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 broad rally seen over the previous three trading days also petered out. 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. 2 Trust's extensive shareholding at $75 a share. Mainfreight Limited is a listedNew Zealand logistics and transport company headquartered in Auckland. Jeremy Serrurier posted on LinkedIn Mainfreight was founded on 6 March 1978 by Bruce Plested who started the company with just $7,200 and a 1969 Bedford truck. Our data suggests that Bruce Plested, who is also the company's Top Key Executive, holds the most number of shares at 15%. Lyon is France's third-largest city and a major tourist destination. Shares go up and down.". enter your email and well send you details. The philanthropist was recognised at the New Zealander of the Year awards. He is fiercely proud of the Mainfreight culture seeing this as a key reason customers choose Mainfreight over the competition. For more information, please visit our cookie statement. Weve probably trebled in size since then, yet were still using the same footprint. He was later joined by Neil Graham. The government vs Mainfreight. Mainfreight Limited is a New Zealand logistics and transport company headquartered in Auckland. -Warehouse BDM / ()_Warehouse BDM / () The definition of company insiders can be subjective and does vary between jurisdictions. Mainfreight Limited (NZSE:MFT) insiders placed bullish bets worth NZ$3 The Group MD & Director of Mainfreight Limited (NZSE:MFT - Yahoo From there, providing you have passion, the Mainfreight . 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. At the time Plested said he just wanted to say thank you to the people who had given him so much. He is most proud of his professional qualifications. Mainfreight Directors Aligned with shareholders. Of initial expressions of interest in berths, 68 per cent have indicated they are Waiheke ratepayers, Mair says. 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. Every year, Mainfreight funds a calendar. You may withdraw your consent at any time. "It is all about visionary leadership. A Ferry-Commute from Auckland, Waiheke Island Offers Sun, Sand and Wine Together we believe that for our tamariki "Anything is Possible.". Mainfreight Leadership: Executives and Demographics 14 July, 2017. 1. 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. 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. This can be negative in some circumstances. In November 2014, Mainfreight acquired a regional air and sea freight company located in Dunedin. mainfreight 250bruce plested1978 The latter is a charity that hands out free books to students in low-decile primary schools in the belief that children in households with books achieve better educational outcomes. To join your company account for BusinessDesk and enjoy full access, This can be incompatible with technology, which is constantly changing. Director Profiles - Mainfreight The port company is well advanced with its new 350m long wharf, having installed 380 of the 400 piles, constructed 35 per cent of the deck and completed more than half of the dredging. NZ shows little interest in Australian phosphate pollution fix, Tough road ahead to reduce NZ's emissions, says Forsyth Barr, Space: Victoria University's final frontier, Reuseable bank fit-outs XFrame's next target, 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, Wellington developer Mark Dunajtschik gets award, Businesses tithing a way to support charities, Arise Church lender wants answers following damaging report, The gift of time: how your bach can change lives. Celebrating our founder, Bruce Plested's 80th Birthday at Mainfreight Warehousing Toronto! Its usually considered a good sign when insiders own a significant number of shares in the company, and in this case, we're glad to see a company insider play the role of a key stakeholder. Current positions of Bruce Plested Holdings of Bruce Plested Bruce Plested : Personal Network 04/12 "At the moment, you only need to go 200m off from Oneroa and discharge." As Chairman and Founder, Bruce shares his vision for the Company with the Mainfreight team, bringing a particular focus to quality and our culture. 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. As Nassim Nicholas Taleb said, 'Dont tell me what you think, tell me what you have in your portfolio. Waiheke Island marina re-hearing denied, Kennedy Point project to proceed - NZ Herald, Kennedy Point marina construction starting, berths sold from $180k each - NZ Herald, Opponents lose Appeal Court attempt against Waiheke's first commercial marina - NZ Herald. What sort of money? In 2001, Mainfreight's management decided that technology needed a global role, and Drinkwater became CIO. In 1979, he was asked to build a new marina at Westharbour (now called Hobsonville Marina). Name & Title Bio. Mainfreight commenced operations in Auckland in 1978 and is the largest freight company in New Zealand. 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 . We note that hedge funds don't have a meaningful investment in Mainfreight. It is very interesting to see that insiders have a meaningful NZ$1.4b stake in this NZ$6.8b business. In May 2011, Mainfreight established a CaroTrans branch in Santiago, Chile. 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 charity acquired more shares since then and they were worth $5.68m in June 2020. The firm's Australian domestic freight and logistics division, Mainfreight Distribution, began operations in 1989, with an operation in Sydney. Bruce George Plested founded Mainfreight Ltd. He has also personally funded marinas at Tutukaka, pua and rkei. Concerned about the content? 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. That means that even when the share price was higher. The marina will be open to the public during daylight hours, with access available to the main marina pier and caf. 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. Plested has planted 100,000 native trees to bring bird life back to parts of the country and, Braid says, he insisted on the firm using recycle bins long before they were common. 25+ search types; Win/Lin/Mac SDK; hundreds of reviews; full evaluations. During that time the business has expanded its operation into 26 countries and its staff count has grown from 80 to 8,600. Mainfreight executive chairman Bruce Plested is the winner of the Deloitte Top 200 Visionary Leader 2014 Award. Show more. Despite continued strong volume of The trust now has a 14.83 per cent shareholding in Mainfreight, down from 16.29 per cent. This is a world where budgets are deemed 'bullshit'. Global marketer a2 Milk's recovery ran out of puff after falling 18c or 2.93 per cent to $5.97. Plested got in touch with Duff after seeing the writer in a documentary, talking about the state of New Zealand.
