"It's disappointing because it's my last one," Mair says of the Waiheke project. The business may have a requirement, but its our job is to make it even better than what they thought they wanted. Mainfreight has a policy of developing people and promoting them internally. "Five-figure sums," Baigent said last year. People are given free rein and that means sometimes they make mistakes. He is a long-term bull on the stock and I have no issue whatsoever with his move.". 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.". This is a world where budgets are deemed 'bullshit'. Here, he shares the lessons of his career with CIOs everywhere. Please note that with cookies disabled you will have a degraded experience with some features. [13] The transaction was completed on 6 June 2007. What sort of money? Marina services will run in hollow shafts within the new pontoons, bringing power, fresh water and fibre for communications and security cameras to each berth. Mainfreight listed on the NZX in 1996 Mainfreight was founded on March 23, 1978 by Bruce Ples Plested is a thinker. They can and probably do influence decisions on executive compensation, dividend policies and proposed business acquisitions. It's the answer to poverty," says Mainfreight co-founder Bruce Plested. On 11 June 2007, Mainfreight 'signed a call option deed' to purchase the entirety of the shares of Australian-based Halford International. To join your company account for BusinessDesk and enjoy full access, A substantial holder notice showed Mainfreight founder Plested sold 1 million shares off-market for $75m through Rorohara No. 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. It's no use just giving people more money.. 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. Mainfreight is a rapidly expanding international business, so there's no shortage of overseas postings on offer. At the time Plested said he just wanted to say thank you to the people who had given him so much. 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 . 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. The lawsuit claimed that Wim Bosman, the former owner, had prior knowledge of a large client, Giant Bicycles, intentions to end corporate ties with the group. The marina will be open to the public during daylight hours, with access available to the main marina pier and caf. Last year, CoGo partnered with Westpac to promote its carbon tracker to the bank's customers. Plested gave the charity $250,000 in 1998, which Duff used to buy shares in the company. The company management answer to the board and the latter should represent the interests of shareholders. 2 Trust. Check out our latest analysis for Mainfreight. 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 Americas 21,433 followers 7mo Hey there Dallas, TX! subscription needed. [3][4], When the company was founded it entered a highly regulated transport market. Check out their presentation - https://bit.ly/3BAWpSs #mainfreight # . The top 10 UPS competitors are; FedEx, DB Schenker, Mainfreight, United States Postal Service, DPDgroup, Purolator, CEVA Logistics, C. H. Robinson, DHL, and YRC Worldwide. 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. There were 76 gainers and 67 decliners over the whole market, with 50.85 million shares worth $278.23m changing hands. 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. Mainfreight Ltd. provides transportation and logistics solutions. SUPPLIED Bruce Plested - founder of Mainfreight - has fired a salvo about social issues facing New Zealand ahead of national elections. 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. The firm offers managed warehousing and international and domestic freight forwarding services. Today Mainfreight has been transformed into a major international logistics company with 6011 employees working in 233 operations around the world. He was also involved in maritime projects in Singapore, Malaysia and Borneo followed. Together we believe that for our tamariki "Anything is Possible.". 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. 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. He is also on the board of Rorohara No 2 Trust. 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. 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. 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 . As for Mainfreight, he wants to build a 100-year company, and so there's no short-term decisions.. At each branch the profit and loss figures are put up on the cafeteria wall. Greg Hurrell left a journalism career to work around the Middle East for 23 years and returned to New Zealand full-time in 2020. He is also on the board of Rorohara No 2 Trust. When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. Few other business leaders think in terms of a 100 years or so. Mainfreight Limited is a New Zealand logistics and transport company headquartered in Auckland. 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. Mainfreight Limited is a listedNew Zealand logistics and transport company headquartered in Auckland. Today he chairs a group of telecommunication companies. The gift cost more than $4 million of his own money. Nearly a third of the trading value was in Mainfreight, which fell $1.80 or 2.33 per cent to $75.30. [2] In 1979, Bruce Plested partnered with Neil Graham, with Graham based in Christchurch and Plested in Auckland. From our data, we infer that the largest shareholder is Bruce Plested (who also holds the title of Top Key Executive . As Chairman and Founder, Bruce shares his vision for the Company with the Mainfreight team, bringing a particular focus to quality and our culture. The list of best things to do in Auvergne-Rhne-Alpes includes sightseeing, pretty towns, history, and natural wonders! But to understand Mainfreight better, we need to consider many other factors. We can see that Mainfreight does have institutional investors; and they hold a good portion of the company's stock. They describe him as both a "rounded person who links to the commercial community" and an "extraordinary character". Braid says instead of these there's a lot of "picking up the phone and talking". Richard has been elected a fellow of the Chartered Institute of Logistics and Transport. Mainfreight Ltd. engages in the freight logistics services and supply chain solutions. "It is all about visionary leadership. Books are important to him. The Mairs enjoyed sailing and fishing. [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. It is very interesting to see that insiders have a meaningful NZ$1.4b stake in this NZ$6.8b business. This article by Simply Wall St is general in nature. 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. Name & Title Bio. To celebrate his 70th birthday Plested gave $1000 to everyone who had worked for Mainfreight for a year or more. The Board of Directors typically meet once a month for Board meetings. Ngti Poa iwi members have also been camping at the site where Mair's business began development in early March. Send your RSVP to . Current positions of Bruce Plested Holdings of Bruce Plested Bruce Plested : Personal Network 04/04 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. Every year, Mainfreight funds a calendar. A licence from New Zealand Railways Corporation was needed to carry freight over 150km. The wharf is expected to cost between $173m-$190m. Books are handed out at some 510 participating schools, often with a role model on hand. Mainfreight executive chairman Bruce Plested is the winner of the Deloitte Top 200 Visionary Leader 2014 Award. 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. Get started by entering your email address below. Market leader Fisher and Paykel Healthcare was down 5c to $29.30 on trade worth $21.5m; Ebos Group fell 56c to $32.74; Chorus decreased 10c to $6.55; Freightways declined 15c to $11.90; and Skellerup Holdings shed 13c or 2.78 per cent to $4.55. In 2008, the United States locations were re-branded as Mainfreight USA. Notably, that recent purchase by Bruce Plested is the biggest insider purchase of Mainfreight shares that we've seen in the last year. Drinkwater has contributed to the local CIO community and has regularly featured in the CIO50 New Zealand Awards in 2019 he was No. Change to Next-generation, cloud-based ERP systems yield new levels of strategic agility and business insights. A "living wage" is paid, Plested has contributed to the Maori Party, and Mainfreight also sponsors a school in Otara. Richard Prebble is by profession a lawyer. Mainfreight Limited (NZE: MFT) is a global transport and logistics business based in New Zealand.. The Mainfreight instruction manual is short: Feel the fear but do it anyway. Don has over 40 years experience in the freight industry, including 26 with Mainfreight. The Founding Owner & Executive Chairman Bruce Plested made the biggest insider purchase in the last 12 months. Bruce George Plested founded Mainfreight Ltd. As Nassim Nicholas Taleb said, 'Dont tell me what you think, tell me what you have in your portfolio. Napier Port held an institutional investor day and rose 14.8c or 4.52 per cent to $3.42. In 2016, when Auckland Council granted consent, SKP appealed that to the Environment Court but was refused and the consent was upheld. madness, quite extreme. This is a world where budgets are deemed 'bullshit'. Mainfreight Limited began its operations in Auckland, New Zealand in 1978. Duffs confidence in Mainfreight has led to the charity taking a large stake in 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. After the 1987 sharemarket crash and the firm's end, Mair founded a construction company and built the wharf in the Chatham Islands, and got the contract to repair thousands of metres of wharves in Auckland and Onehunga, including at the naval base. He brings strong financial skills and business acumen to the role.