Plested said he had given opponents SKP (previously called Save Kennedy Point) around $40,000 to pay for legal fees. This reading helps inform Plesteds world views and contributes toward his impassioned statements on climate change and the need for better education standards. As Nassim Nicholas Taleb said, 'Dont tell me what you think, tell me what you have in your portfolio. Change to Next-generation, cloud-based ERP systems yield new levels of strategic agility and business insights. The latest ANZ-Roy Morgan Consumer Confidence Index has lifted one point in April, but still remains "at an extremely low level". But David Baigent of marina opponents SKP Inc describes the project as "an offensive, elitist edifice". Get in touch with us directly. Mainfreight heading for 'impressive' record profit on pandemic - Stuff Here, he shares the lessons of his career with CIOs everywhere. I generally like to see some degree of insider ownership, even if only a little. Mainfreight chair and NBR Lister Bruce Plested has sold $75 million in Mainfreight shares to buy more property in Waiheke. madness, quite extreme. Liked by Tansy Austin. Chia Sisters introduces game-changing drinks packaging taking inspiration from an unexpected sector. Port of Tauranga was up 4c to $7.30, and Marsden was down 3c to $6.02. Plested says some households ended up with 60 books on their shelves. Recent reads includeKleptomania: How Dirty Money is Conquering the World by Tom Burgiss, and Affluenza by Oliver James, a treatise on how consumerism on steroids is making people miserable and unfulfilled. Bruce Plested. If you do not want us and our partners to use cookies and personal data for these additional purposes, click 'Reject all'. Based on our data team's research, Ben Fitts is the Mainfreight's CEO. Mainfreight Australia Graduate Programs | GradAustralia 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. Plested and Braid are based at unfashionable Otahuhu in South Auckland. Taking a look at our data on the ownership groups (below), it seems that institutional investors have bought into the company. 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. Despite continued strong volume of Ideas. In the process, Bruce Plested has become one of New Zealand's latest billionaires. There's more to the man's generosity than this example. [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. What sort of money? New Engineer jobs added daily. 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. Synlait Milk, which supplies a2 Milk, was down 9c or 2.5 per cent to $3.51. Name & Title Bio. So they generally do consider buying larger companies that are included in the relevant benchmark index. Nearly 30 years ago the billionaire helped kick-start the Duffy Books in Homes programme, along with writer Alan Duff and philanthropist Christine Fernyhough. 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. He is also on the board of Rorohara No 2 Trust. Many of us here believe in the same principles, we're here for the long term. Having clocked almost 35 years, his tenure at one of New Zealands most successful global companies has been a long one. A licence from New Zealand Railways Corporation was needed to carry freight over 150km. The context, as both recall, was the murder of a child. This size of ownership gives retail investors collective power. 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. Dynamic Business: Visionary leader - Bruce Plested, Mainfreight He was later joined by Neil Graham. How Cisco maintains a new sustainable startup model, producing the next generation of industry-leading technologies. Swallows and Amazons, Arthur Ransomes perennial tale of a summer camping and sailing in the English Lake District, is one book he fondly remembers. 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. Mainfreight is hosting a BBQ for customers, family and friends on September 22nd! 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.. The project is downsized from the original plans. Mainfreight chair sells $75m in shares to expand Waiheke property Founder Bruce Plested and Group President Don Braid highlighted this exciting site at the annual general shareholders meeting! It features a cartoon character Duffy at the bottom, with a monthly saying, such as Have you read to your children today?. Mainfreight commenced operations in Auckland in 1978 and is the largest freight company in New Zealand. 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. Mainfreight executive chairman Bruce Plested is the winner of the Deloitte Top 200 Visionary Leader 2014 Award. 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. Mainfreight founder and chairman Bruce Plested. But to understand Mainfreight better, we need to consider many other factors. Bruce Plested - Biography - MarketScreener.com Send your RSVP to . Celebrating our founder, Bruce Plested's 80th Birthday at Mainfreight Warehousing Toronto! On the plus side for Mainfreight shareholders, Bruce Plested has elected not to receive remuneration (i.e. Currently, he is Executive Chairman at this company and Chairman of Mainfreight GmbH (a subsidiary of Mainfreight Ltd.). We use functional and analytical cookies on our website to offer an optimal user experience. "In more recent times I just read business books, which is quite naughty, he adds. [4] In 1998, Mainfreight acquired Australian freight forwarder ISS Express lines, subsequently establishing an Australian international freight business. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. This past Friday marked my final day with Mainfreight. I do want to say that there is no way wed ever go build our own email. The Mainfreight instruction manual is short: Feel the fear but do it anyway. The Last 12 Months Of Insider Transactions At Mainfreight Notably, that recent purchase by Founding Owner & Executive Chairman Bruce Plested was not the only time they bought Mainfreight. 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. That while in theory its possible to scale up and down when using public cloud, in reality the latter almost never happens. payment) for sitting on the Board since 2014. Mainfreight Limited is a listedNew Zealand logistics and transport company headquartered in Auckland. Please contact your card provider or customer support. Find out 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. Much closer on the horizon are electric trucks. What Kind Of Shareholders Hold The Majority In Mainfreight Limited's 1, and in 2020 No. Our data suggests that Bruce Plested, who is also the company's Top Key Executive, holds the most number of shares at 15%. "Each person has responsibility for what they do. 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. 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. [2] In 1979, Bruce Plested partnered with Neil Graham, with Graham based in Christchurch and Plested in Auckland. There is nothing better than having a rugby star saying I would not be an All Black if it weren't for books, says Plested. But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. There were 76 gainers and 67 decliners over the whole market, with 50.85 million shares worth $278.23m changing hands. Market close: Mainfreight chairman Bruce Plested sells $75 million To join your company account for BusinessDesk and enjoy full access, In May 2011, Mainfreight established a CaroTrans branch in Santiago, Chile. So it went to the Court of Appeal, which also said no. The Top 200 Awards judges say he built a global transport company from nothing and has done many wonderful things along the way. 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 group managing director, Don Braid, (l) and chairman, Bruce Plested. 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. A license from New Zealand Railways Corporation was needed to . Putiki Bay at Kennedy Point is, he says, ideal because it's deep compared to other nearby bays, "2.5m to 5.5m". "On the back of that, some falls in fixed mortgage rates and the pro Lost crops are expected to knock production by $100m a year. It's possible your card provider is preventing us from charging the card. Other Current Significant Directorships and Trusteeships: BUPA ANZ Pty Limited (Chairman), Adherium Limited, Clearspan Limited, Thinxtra Australia, Starship Foundation, Massey University Foundation. Other Current Directorships: Mainfreight listed on the NZX in 1996 Mainfreight was founded on March 23, 1978 by Bruce Ples MAINFREIGHT Careers and Employment | Indeed.com This can be incompatible with technology, which is constantly changing. He sets high standards for himself and has created a family atmosphere where people want to prove their worth to him. Mainfreight on LinkedIn: Northlake Warehouse As a Government Minister, Richard was responsible for creating SOEs, deregulating telecommunications and broadcasting, reforming ports, airports, railways and aviation. To join your company account for BusinessDesk and enjoy full access, People are given free rein and that means sometimes they make mistakes. He is most proud of his professional qualifications. The charitys aim is to promote a love of reading in children, with a focus on lower-income families. 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. 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]. The business may have a requirement, but its our job is to make it even better than what they thought they wanted. "We are funding this by donors coming up to us and putting serious financial skin in the game.". [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 Group MD & Director of Mainfreight Limited (NZSE:MFT - Yahoo 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. Bairds Mainfreight Primary School belongs to the Mainfreight family and is incredibly proud of this very special relationship. That single transaction was for NZ$3.5m worth of shares at a price of NZ$69.49 each . Mainfreight Limited began its operations in Auckland, New Zealand in 1978. Mainfreight executive chairman Bruce Plested is the winner of the Deloitte Top 200 Visionary Leader 2014 Award. A Ferry-Commute from Auckland, Waiheke Island Offers Sun, Sand and Wine Plested gave the charity $250,000 in 1998, which Duff used to buy shares in the company. Mainfreight Ltd. engages in the freight logistics services and supply chain solutions. I am proud to work in Sandoz Nordics where we have just been certified in Denmark as an accredited "Great Place to Work". A good Samaritan. -Warehouse BDM / ()_Warehouse BDM / () Mainfreight CEO and Executives. 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. INRAE center Clermont-Auvergne-Rhne-Alpes Plested continues to be an avid reader, and lately novels have been saved for plane trips, whereas Plested prefers them to in-flight movies. Mainfreight is a pretty big company. 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. As Chairman and Founder, Bruce shares his vision for the Company with the Mainfreight team, bringing a particular focus to quality and our culture. 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. 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. "When Mainfreight was starting out, people had to work late on Thursday nights loading sea freighters. 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. 4 reasons to get excited about Mainfreight (NZE: MFT) shares 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. These must have served him well, given Mainfreights current NZX number six position on market capitalisation. "It's disappointing because it's my last one," Mair says of the Waiheke project. Online (PDF) Ready Fire Aim The Mainfreight Story Download | The Pranitas Bryan has a wealth of experience, both in executive and board roles. Chia Sisters introduces game-changing drinks packaging taking inspiration from an unexpected sector. Mainfreight - Alchetron, The Free Social Encyclopedia The company is led by founder Bruce Plested and managing director Don Braid. 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. He built a billion-dollar logistics business, starting with a single Bedford truck in the 1970s. Local firm Heron Construction has the manufacturing rights for that system here and Mair has been to Sweden to meet the firm's chiefs. Big giver: Mainfreight's Bruce Plested | BusinessDesk 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. All berths beside the wharf, closest to the land, are pre-sold. It also has investments in Z Energy and a portfolio run by Fisher Funds. 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. Napier Port held an institutional investor day and rose 14.8c or 4.52 per cent to $3.42. From our data, we infer that the largest shareholder is Bruce Plested (who also holds the title of Top Key Executive) with 17% of shares outstanding. Doesnt matter what your position is. Mair is the youngest of three. The Clermont-Auvergne-Rhne-Alpes Centre brings together the units located in the Auvergne region, from Bourbonnais to Aurillac via Clermont-Ferrand, with 14 research units and 14 experimental facilities, representing 840 staff (permanent and contractual staff). (Image: Supplied). They can and probably do influence decisions on executive compensation, dividend policies and proposed business acquisitions. 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. Braid says Plested's vision is for the future. 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. During his tenure, Drinkwater has witnessed huge changes in technology. One broker, who didn't want to be named, said Plested no doubt sold the shares to buy an asset. Founded by Bruce Plested who started the company with just NZD$7000.00 and a 1969 Bedford Truck. Few other business leaders think in terms of a 100 years or so. The share sale was disclosed to the NZX today and indicated one million shares were sold from Rorohara No. Profile. The Mainfreight culture is what has kept Drinkwater at the company for so long, which he describes as like you would expect a family to be. This suggests some credibility amongst professional investors. They put it up for sale in 2012 with an asking price of. 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. Insider ownership is positive when it signals leadership are thinking like the true owners of the company. 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. Braid says over the years the chairman has designed a philosophy to run the company. Mair estimates a quarter of berths are for sailboats, the rest for motorboats. "There'll be no dredging or reclamation and no interference with the tidal zone.". In 2006 the New Zealand Mainfreight International and Owens International businesses were also merged to make Mainfreight Owens International Ltd (now Mainfreight International). Despite the protests, his view is the score is now 18 down, one to go. 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. Mainfreight Directors For more information, please visit our cookie statement. He has also personally funded marinas at Tutukaka, pua and rkei. The company was founded in New Zealand in 1978 and used a series of acquisitions to fuel an international growth strategy. To celebrate his 70th birthday Plested gave $1000 to everyone who had worked for Mainfreight for a year or more. Plested got in touch with Duff after seeing the writer in a documentary, talking about the state of New Zealand. They describe him as both a "rounded person who links to the commercial community" and an "extraordinary character". It's no use just giving people more money.. Its the end of the road at Mainfreight for CIO Kevin Drinkwater, who officially retires on 31 December 2020. Photo / NZME. Ready Fire Aim: The Mainfreight Story - Penguin The trust now has a 14.83 per cent shareholding in Mainfreight, down from 16.29 per cent. How Much Of Mainfreight Limited (NZSE:MFT) Do Insiders Own? - Yahoo News Third year in a row Milford has been awarded the Consumer People's Choice for KiwiSaver by Consumer NZ. click here to see if those insiders have been buying or selling. Plested is a thinker. Bruce Plested. He brings strong financial skills and business acumen to the role. All subscriptions auto renew but are easy to cancel. The six-bedroom, seven-bathroom waterfront plantation with its own winery is owned by businessman David Parkinson and wife Deidre Crawford. Richard has been elected a fellow of the Chartered Institute of Logistics and Transport. The hidden mansions of Billionaire's Bay | Stuff.co.nz Precinct Properties reported a full-year revaluation gain of $284m including the $148.5m increase recognised at the end of December. Working with Ngti Poa Iwi Trust Board and others in the community are aspects he takes pride in. As Chairman and Founder, Bruce shares his vision for the Company with the Mainfreight team, bringing a particular focus to quality and our culture. 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 - NBR | The Authority since 1970 Target operate domestic and international time-sensitive freight-forwarding and logistics services through its wholly owned subsidiary, Target Logistic Services. Jeremy Serrurier posted on LinkedIn You can cancel anytime with two clicks, an email or a phone call. In addition to the all-hands Board meetings, the Board will have a number of . The index's intraday high was 12,587.68 points. At Mainfreight we all eat at one big long table.". Current positions of Bruce Plested Holdings of Bruce Plested Bruce Plested : Personal Network 04/04 Its a way of saying things that couldnt be said elsewhere, Plested said. This information will be used to measure the effectiveness of our advertising from various channels and to offer you personalised ads. 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. This was the lion's share of the charity's total expenditure of $4.08m. The road to the marina will be widened, improved in a strip around 200m long. 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.". Duffs confidence in Mainfreight has led to the charity taking a large stake in the company. The TimeOut Charitable Trust connects holiday homeowners with the terminally ill and their families, offering them a chance to make lasting memories together. You can access this free report on analyst forecasts for the company. A look at the shareholders of Mainfreight Limited (NZSE:MFT) can tell us which group is most powerful. 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. The seafloor slopes naturally, eliminating any need for dredging. Concerned about the content? Spy: Stunning seaside wedding - Entertainment News - NZ Herald
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