"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. [2] In 1979, Bruce Plested partnered with Neil Graham, with Graham based in Christchurch and Plested in Auckland. Local firm Heron Construction has the manufacturing rights for that system here and Mair has been to Sweden to meet the firm's chiefs. The project is downsized from the original plans. Trade Alert: The Founding Owner & Executive Chairman Of Mainfreight Mainfreight commenced operations in Auckland in 1978 and is the largest freight company in New Zealand. Their cumulative revenue turnover for 2019 was $300.21 billion. Of the 186 berths, 150 are pre-sold, with deposits taken of around 20 per cent and balances due as the project reaches hallmark stages. Dr Oliver Hartwich. When such a trade goes wrong, multiple parties may compete to sell stock fast. You may withdraw your consent at any time. MAINFREIGHT LIMITED Company Profile - Dun & Bradstreet In 2008, the United States locations were re-branded as Mainfreight USA. Currently, he is Executive Chairman at this company and Chairman of Mainfreight GmbH (a subsidiary of Mainfreight Ltd.). 25+ search types; Win/Lin/Mac SDK; hundreds of reviews; full evaluations. "I went crook at Alan. 14 July, 2017. Global marketer a2 Milk's recovery ran out of puff after falling 18c or 2.93 per cent to $5.97. I do want to say that there is no way wed ever go build our own email. So they generally do consider buying larger companies that are included in the relevant benchmark index. Many of us here believe in the same principles, we're here for the long term. 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.. 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. The Group MD & Director of Mainfreight Limited (NZSE:MFT - Yahoo It also has investments in Z Energy and a portfolio run by Fisher Funds. He is most proud of his professional qualifications. 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 Plested's stake.Feted We had trouble validating your card. We note that hedge funds don't have a meaningful investment in Mainfreight. [3][4], When the company was founded it entered a highly regulated transport market. Mainfreight Ltd. engages in the freight logistics services and supply chain solutions. This was the lion's share of the charity's total expenditure of $4.08m. The government must focus on supporting exporters to innovate. It's a tough venue to weave into . The Founding Owner & Executive Chairman Bruce Plested made the biggest insider purchase in the last 12 months. When an insider holds a sizeable amount of a company's stock,. Composition of NZX50 Boards nzmarketinsights He has also personally funded marinas at Tutukaka, pua and rkei. Mainfreight CEO and Executives. And Drinkwater says that COVID-19 has changed the nature of work irrevocably by showing that working from homeor from anywhereis achievable at scale. He is also on the board of Rorohara No 2 Trust. 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. 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 . It's all part of the firms celebrated Mainfreight way. The latest ANZ-Roy Morgan Consumer Confidence Index has lifted one point in April, but still remains "at an extremely low level". He is a long-term bull on the stock and I have no issue whatsoever with his move.". Plested's. The Top 200 Awards judges say he built a global transport company from nothing. Other Current Significant Directorships and Trusteeships: BUPA ANZ Pty Limited (Chairman), Adherium Limited, Clearspan Limited, Thinxtra Australia, Starship Foundation, Massey University Foundation. This is a world where budgets are deemed 'bullshit'. The Mainfreight culture is also focussed on the long term, and the business has a 100-year vision. It now has 22 company depots in Australia and relies on agents and third parties in the Northern Territory, Tasmania and some of regional Australia. Thats why there are so many packages out there, because consultants find it easy to sell packages. Mainfreight commenced operations in Auckland in 1978 and is the largest freight company in New Zealand. Latest Mainfreight share price and news. Follow MFT on the NZX 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 -. In March 2011, Mainfreight entered the European market with the acquisition of Netherlands-based company Wim Bosman Group for 120 million; or $227 million. Arriving fresh faced from university, this company for the past (almost) three years has. Mainfreight has a policy of developing people and promoting them internally. To get the disclaimer out of the way, Mainfreight's founder and chair Bruce Plested is not only a member of the Initiative. Meal kit company My Food Bag rose 6c or 4.26 per cent to $1.47 after telling the market it will be using social enterprise firm GoGo's carbon footprint tracker app. Plested got in touch with Duff after seeing the writer in a documentary, talking about the state of New Zealand. Bruce Plested - Biography - MarketScreener.com Despite continued strong volume of They had a total of 1,540,506 employees among them. Most would say this shows a good degree of alignment with shareholders, especially in a company of this size. Chia Sisters introduces game-changing drinks packaging taking inspiration from an unexpected sector. Now, SKP is going to the Supreme Court to get the High Court ruling overturned and allow it to go back to the Environment Court. 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. . 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 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. Today's top 343 Engineer jobs in Grenoble, Auvergne-Rhne-Alpes, France. It was a Shares go up and down.". Mainfreight chair sells $75m in shares to expand Waiheke property Target has offices in 35 cities throughout the United States and an international network of agents in over 70 countries.[15]. The road to the marina will be widened, improved in a strip around 200m long. Doesnt matter what your position is. But Plested also devours books that look askance at the global economic system. MAINFREIGHT Careers and Employment | Indeed.com Its the end of the road at Mainfreight for CIO Kevin Drinkwater, who officially retires on 31 December 2020. The Mairs enjoyed sailing and fishing. They describe him as both a "rounded person who links to the commercial community" and an "extraordinary character". The gift cost more than $4 million of his own money. Everyone can see the bottom line and everyone understands what it means for the company and for themselves. "It's about creating a feeling of whanau. Based on our data team's research, Ben Fitts is the Mainfreight's CEO. 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. Photo / NZME. 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. He was later joined by Neil Graham. 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. As Chairman and Founder, Bruce shares his vision for the Company with the Mainfreight team, bringing a particular focus to quality and our culture. Institutional investors commonly compare their own returns to the returns of a commonly followed index. 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. This may not be consistent with full year annual report figures. Mainfreight was founded on 6 March 1978 by Bruce Plested who started the company with just $ 7,200 and a 1969 Bedford truck. He earlier studied science at the Victoria University of Wellington. When multiple institutions own a stock, there's always a risk that they are in a 'crowded trade'. A "living wage" is paid, Plested has contributed to the Maori Party, and Mainfreight also sponsors a school in Otara. 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. The TimeOut Charitable Trust connects holiday homeowners with the terminally ill and their families, offering them a chance to make lasting memories together. "It's disappointing because it's my last one," Mair says of the Waiheke project. 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. 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 Plesteds early home life was a book-filled one, and his mother would always read to her two sons. Plested is a thinker. Having clocked almost 35 years, his tenure at one of New Zealands most successful global companies has been a long one. 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. He imagines he follows the rules but still gets "hauled off to a concentration camp". DCB had a staff base of five employees on the date of acquisition, however, staff was expected to rise to seven employees. Every investor in Mainfreight Limited ( NZSE:MFT ) should be aware of the most powerful shareholder groups. Profile. The index's intraday high was 12,587.68 points. It's the answer to poverty, says Mainfreight co-founder Bruce Plested. Notably, that recent purchase by Bruce Plested is the biggest insider purchase of Mainfreight shares that we've seen in the last year. Books are handed out at some 510 participating schools, often with a role model on hand. Please contact your card provider or customer support. 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. It's possible your card provider is preventing us from charging the card. The company was founded in New Zealand in 1978 and used a series of acquisitions to fuel an international growth strategy. 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. The lender said it's engaged with the board on "plans for remediation". His visits to our local and overseas operations guide our teams to be sales-focused and always aiming for operational excellence. Mainfreight is a global supply chain company that prides itself for having "special people, special company" . Likewise, his strongly-held beliefs relating to the importance of education and of recycling/ sustainability . 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. In 1979, he was asked to build a new marina at Westharbour (now called Hobsonville Marina). 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. Appointment to Board 1978 - With Mainfreight since 1978. Taking a look at our data on the ownership groups (below), it seems that institutional investors have bought into the company. [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. 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 has a market capitalization of NZ$6.8b. Mainfreight - Bairds Mainfreight Primary School Property market metrics show the national average asking price is now almost $100,000 down on a year ago. Clearly the two are well matched. Plested is also a great reader; some of those ideas come from books. 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. His career has seen him develop or be closely involved with 18 marinas including pua in the Bay of Islands, rkei, Whangamata, Bayswater, Whangaparaoa's Gulf Harbour, Bucklands Beach, Westharbour, Pine Harbour, Tutukaka, Whitianga, Wellington's Mana Marina, Shute Harbour in the Whitsundays, Townsville and Abell Point in Queensland, Fiji's Musket Cove, at Canada's Songees and Santosa Island and at Singapore's Sentosa. That will be a jack-up barge with a drilling rig, able to work on the 26 reinforced concrete piles for the new wharf. What sort of money? Bruce Plested - NBR | The Authority since 1970 Mainfreight Limited began its operations in Auckland, New Zealand in 1978.
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