bruce plested, mainfreight

The Top 200 Awards judges say he built a global transport company from nothing and has done many wonderful things along the way. We can see that Mainfreight does have institutional investors; and they hold a good portion of the company's stock. Our studies suggest that the top 25 shareholders collectively control less than half of the company's shares, meaning that the company's shares are widely disseminated and there is no dominant shareholder. Mainfreight was founded on 6 March 1978 by Bruce Plested who started the company with just $ 7,200 and a 1969 Bedford truck. The index's intraday high was 12,587.68 points. 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. "In more recent times I just read business books, which is quite naughty, he adds. 1. Other Current Directorships: Information and Communication Services Limited (Chairman), Seronic (NZ) Limited, and his family companies. Few other business leaders think in terms of a 100 years or so. Mainfreight - Alchetron, The Free Social Encyclopedia 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. Bryan has a wealth of experience, both in executive and board roles. Mainfreight Limited is a listedNew Zealand logistics and transport company headquartered in Auckland. [2] In 1979, Bruce Plested partnered with Neil Graham, with Graham based in Christchurch and Plested in Auckland. Ideas. If you do not want us and our partners to use cookies and personal data for these additional purposes, click 'Reject all'. Local firm Heron Construction has the manufacturing rights for that system here and Mair has been to Sweden to meet the firm's chiefs. As for Mainfreight, he wants to build a 100-year company, and so there's no short-term decisions.. Weve been very innovative to the business, he says. 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. Jeremy Serrurier posted on LinkedIn Bruce Plested, founder of Mainfreight, said his business partner of 36 years was "the humourist and salesman without peer". 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. When an insider holds a sizeable amount of a company's stock,. Its the right horses for courseswhere we have things very specific to the way we operate, then we will build it, as per our culture, in the way we do it.. In November 2014, Mainfreight acquired a regional air and sea freight company located in Dunedin. Top 10 UPS Competitors in 2023 That single transaction was for NZ$3.5m worth of shares at a price of NZ$69.49 each . Photo / NZME. Within four months of the sale, that system was ripped out and replaced by Mainfreights bespoke system at a cost of $25,000 and the finance team reduced to three people. The broad rally seen over the previous three trading days also petered out. 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. 2 Trust. They had a total of 1,540,506 employees among them. Chia Sisters introduces game-changing drinks packaging taking inspiration from an unexpected sector. Richard has been elected a fellow of the Chartered Institute of Logistics and Transport. SUPPLIED Bruce Plested - founder of Mainfreight - has fired a salvo about social issues facing New Zealand ahead of national elections. As for new sector-specific technologies, he says that driverless trucks are on their way but the technology isnt here yet. "My involvement in these marina projects resulted in the sale of over 6000 marina berths.". 14 July, 2017. They make their own decisions and have autonomy, but they want 'Dad' to be happy with them. [3][4], When the company was founded it entered a highly regulated transport market. Thats why there are so many packages out there, because consultants find it easy to sell packages. The company was founded in New Zealand in 1978 and used a series of acquisitions to fuel an international growth strategy. Plested gave the charity $250,000 in 1998, which Duff used to buy shares in the company. ", Selwyn says Plested has personal qualities that make this management style work. MAINFREIGHT LIMITED Company Profile - Dun & Bradstreet Its a way of saying things that couldnt be said elsewhere, Plested said. He is most proud of his professional qualifications. Alternatively, email editorial-team (at) simplywallst.com. Small company shows how the power of digital can transform lives. 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 Our data suggests that Bruce Plested, who is also the company's Top Key Executive, holds the most number of shares at 15%. Mainfreight commenced operations in Auckland in 1978 and is the largest freight company in New Zealand. On the plus side for Mainfreight shareholders, Bruce Plested has elected not to receive remuneration (i.e. Founded by Bruce Plested who started the company with just NZD$7000.00 and a 1969 Bedford Truck. He imagines he follows the rules but still gets "hauled off to a concentration camp". Greg Hurrell left a journalism career to work around the Middle East for 23 years and returned to New Zealand full-time in 2020. I do want to say that there is no way wed ever go build our own email. Mainfreight Limited is a New Zealand logistics and transport company headquartered in Auckland. Mainfreight is a pretty big company. 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. 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. Send your RSVP to . Everyone can see the bottom line and everyone understands what it means for the company and for themselves. "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. Property market metrics show the national average asking price is now almost $100,000 down on a year ago. 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 -. Last year the business had revenue of NZ$1.9 billion and expects to reach $2 billion this year. -Warehouse BDM / ()_Warehouse BDM / () Mainfreight has a policy of developing people and promoting them internally. Port of Tauranga was up 4c to $7.30, and Marsden was down 3c to $6.02. Selwyn has worked with Plested for 41 years, since before he started Mainfreight. On March 9, Kennedy Point Boatharbour began construction on-site of the island's first marina: a 186-berth project with 71 private car parks for berth holders, a new wharf, a central-spine walkway, cafe, offices, toilets, laundry and showers and stand-up paddleboard storage. This can be negative in some circumstances. Mainfreight group managing director, Don Braid, (l) and chairman, Bruce Plested. Big giver: Mainfreight's Bruce Plested | BusinessDesk SKP has challenged the marina in the Environment Court, High Court, Court of Appeal and is now headed to the Supreme Court. This may not be consistent with full year annual report figures. 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. Doesnt matter what your position is. Click on [Agree] or [Disagree] to accept or refuse cookies. MAINFREIGHT Careers and Employment | Indeed.com Plested continues to be an avid reader, and lately novels have been saved for plane trips, whereas Plested prefers them to in-flight movies. report on analyst forecasts for the 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. 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]. Find out more about how we use your personal data in our privacy policy and cookie policy. Composition of NZX50 Boards nzmarketinsights The lender said it's engaged with the board on "plans for remediation". Global marketer a2 Milk's recovery ran out of puff after falling 18c or 2.93 per cent to $5.97. The share sale was disclosed to the NZX today and indicated one million shares were sold from Rorohara No. Aquick summary of everything BusinessDesk has published in the previous 24 hours. 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. In 2008, the United States locations were re-branded as Mainfreight USA. Insiders At Mainfreight Have Bought Stock Recently Over the last three months, we've seen significantly more insider buying, than insider selling, at Mainfreight. [7] This takeover was in response to the purchase of Tranz Rail by Australian transport firm Toll Holdings. Mainfreight - Bairds Mainfreight Primary School Its his view that many CIOs fall into the cloud sprawl trap. "I've always been interested in education. It's all part of the firms celebrated Mainfreight way. Mainfreight executive chairman Bruce Plested is the winner of the Deloitte Top 200 Visionary Leader 2014 Award. The government vs Mainfreight. In New Zealand, Mainfreight has partnered with Spark on an internet of things (IoT) network to keep track of shipments, and this effort may extend to more analytical capability. Bairds Mainfreight Primary School belongs to the Mainfreight family and is incredibly proud of this very special relationship. "There'll be no dredging or reclamation and no interference with the tidal zone.". Founded in 1969 as Dunedin Customs Brokers Ltd, DCB International provides international air and sea freight services from Dunedin. 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. 1, and in 2020 No. Precinct Properties reported a full-year revaluation gain of $284m including the $148.5m increase recognised at the end of December. Its share price increased 1.5c to $1.62. A "living wage" is paid, Plested has contributed to the Maori Party, and Mainfreight also sponsors a school in Otara. He imagines he follows the rules but still gets "hauled off to a concentration camp". You may withdraw your consent at any time. 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. 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. 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. 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. 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. Bruce Plested. He recalls the money was for spending, not investing. The Group MD & Director of Mainfreight Limited (NZSE:MFT - Yahoo Director Profiles - Mainfreight Dr Oliver Hartwich. 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. "It is all about visionary leadership. Mainfreight has 9,240 employees, of which 8 are in a leadership position. The business may have a requirement, but its our job is to make it even better than what they thought they wanted. 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. Every investor in Mainfreight Limited ( NZSE:MFT ) should be aware of the most powerful shareholder groups. Change to Next-generation, cloud-based ERP systems yield new levels of strategic agility and business insights. Ngti Poa iwi members have also been camping at the site where Mair's business began development in early March. For more information, please visit our cookie statement. 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. 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 Top 200 Awards judges say he built a global transport company from nothing. His intellect and pragmatic approach is highly regarded at the Board table. So it went to the Court of Appeal, which also said no. Bruce Plested - Biography - MarketScreener.com It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Name & Title Bio. Despite the protests, his view is the score is now 18 down, one to go. What Kind Of Shareholders Hold The Majority In Mainfreight Limited's 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. Fri, 13 May 2022 "I've always been interested in education. Institutional investors commonly compare their own returns to the returns of a commonly followed index. 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. 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. 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. Richard Prebble is by profession a lawyer. The charitys aim is to promote a love of reading in children, with a focus on lower-income families. The charity acquired more shares since then and they were worth $5.68m in June 2020. Plested said he had given opponents SKP (previously called Save Kennedy Point) around $40,000 to pay for legal fees. In the process, Bruce Plested has become one of New Zealand's latest billionaires. He is also on the board of Rorohara No 2 Trust. In the Lyon and Grenoble metropolitan areas, and the Haute-Savoie department, INRAE units contribute to research activities at the Lyon-Saint-Etienne, Grenoble-Alpes, and Savoie Mont Blanc . While institutions invested in Mainfreight Limited (NZSE:MFT) benefited His leadership is underpinned by a strong belief in Mainfreights global competency and capabilities to provide high-quality supply chain solutions for our customers. 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. 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. "When Mainfreight was starting out, people had to work late on Thursday nights loading sea freighters. Mainfreight employees are empowered to make decisions. Bruce is a one-off," Duff said. Trade Alert: The Founding Owner & Executive Chairman Of Mainfreight 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. Bruce believes people grow when they are given this responsibility. Mainfreight's Competitors, Revenue, Number of Employees, Funding 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. enter your email and well send you details, Mainfreight's Bruce Plested's love of books has benefited charity. There's no Mainfreight head office or military style hierarchy. Reminder, this is a Premium article and requires a subscription to read. The trust now has a 14.83 per cent shareholding in Mainfreight, down from 16.29 per cent. There are no company memos and as little email as they can get away with. Mainfreight Americas 21,433 followers 7mo Hey there Dallas, TX! In 2016, when Auckland Council granted consent, SKP appealed that to the Environment Court but was refused and the consent was upheld.

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