For more information, please visit our cookie statement. Greg Hurrell left a journalism career to work around the Middle East for 23 years and returned to New Zealand full-time in 2020. His leadership is underpinned by a strong belief in Mainfreights global competency and capabilities to provide high-quality supply chain solutions for our customers. Shares go up and down.". Reminder, this is a Premium article and requires a subscription to read. "When Mainfreight was starting out, people had to work late on Thursday nights loading sea freighters. Small company shows how the power of digital can transform lives. In 2001, Mainfreights management decided that technology needed a global role, and Drinkwater became CIO. 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. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Find out more about how we use your personal data in our privacy policy and cookie policy. It has a market capitalization of NZ$6.8b. Liked by Tansy Austin. This is a world where budgets are deemed 'bullshit'. 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. The TimeOut Charitable Trust connects holiday homeowners with the terminally ill and their families, offering them a chance to make lasting memories together. The six-bedroom, seven-bathroom waterfront plantation with its own winery is owned by businessman David Parkinson and wife Deidre Crawford. He says Plested's motivation mixes incentives with responsibility. Bruce believes people grow when they are given this responsibility. The company management answer to the board and the latter should represent the interests of shareholders. Mainfreight executive chairman Bruce Plested is the winner of the Deloitte Top 200 Visionary Leader 2014 Award. You can click here to see if those insiders have been buying or selling. Tilt's share price edged ahead 2c to $8.02. The pair see books and reading as a way to get people out of the poverty trap. Plested's employees will certainly agree with that assessment. Profile. 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. Ultimately the future is most important. Nearly a third of the trading value was in Mainfreight, which fell $1.80 or 2.33 per cent to $75.30. And Drinkwater says that COVID-19 has changed the nature of work irrevocably by showing that working from homeor from anywhereis achievable at scale. They had a total of 1,540,506 employees among them. "At the moment, you only need to go 200m off from Oneroa and discharge." Braid says over the years the chairman has designed a philosophy to run the company. MAINFREIGHT Careers and Employment | Indeed.com He is also on the board of Rorohara No 2 Trust. 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). Braid says Mainfreight is a strong believer that people can make mistakes, but though Plested can be a tolerant manager, Braid says there's nothing loose about the way the business is run: "Bruce has an eye for detail.". Baigent said late last year that the organisation hoped for a result by around April and he indicated SKP was well-resourced to carry out the half-decade stoush. 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. Despite a steady recovery in 2021, the magazine was hit by a recent decline in volumes and rising costs. 3. Asia, and the United States. Appointment to Board 1978 - With Mainfreight since 1978. Other Current Directorships: Other Current Significant Directorships and Trusteeships: BUPA ANZ Pty Limited (Chairman), Adherium Limited, Clearspan Limited, Thinxtra Australia, Starship Foundation, Massey University Foundation. At Mainfreight we all eat at one big long table.". Likewise, his strongly-held beliefs relating to the importance of education and of recycling/ sustainability . 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. "It's a small part of his overall holding and I suspect it would have pained him to sell. It is very interesting to see that insiders have a meaningful NZ$1.4b stake in this NZ$6.8b business. Send your RSVP to . Richard has been elected a fellow of the Chartered Institute of Logistics and Transport. Let's delve deeper into each type of owner, to discover more about Mainfreight. Mainfreight has a policy of developing people and promoting them internally. That single transaction was for NZ$3.5m worth of shares at a price of NZ$69.49 each . 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. Despite the protests, his view is the score is now 18 down, one to go. "We'd find a soft spot and dig eight to 10ft in and find these cannonballs," recalls the engineer, now in his mid-70s. They put it up for sale in 2012 with an asking price of. Drinkwater has contributed to the local CIO community and has regularly featured in the CIO50 New Zealand Awards in 2019 he was No. madness, quite extreme. If you would like to customise your choices, click 'Manage privacy settings'. Bruce is a one-off," Duff said. Having clocked almost 35 years, his tenure at one of New Zealands most successful global companies has been a long one. In the 12 months ended June 2021, the Alan Duff Charitable Foundation received $3.65 million, mostly grants and donations, and included a $110,000 investment dividend. Reminder, this is a Premium article and requires a subscription to read. This can be negative in some circumstances. Exit interview: Mainfreight CIO shares tech insights before signing off MAINFREIGHT LIMITED Company Profile - Dun & Bradstreet It features a cartoon character Duffy at the bottom, with a monthly saying, such as Have you read to your children today?. 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. As Chairman and Founder, Bruce shares his vision for the Company with the Mainfreight team, bringing a particular focus to quality and our culture. It was a Essentially the company helps firms move and store goods from A to B via land, air and sea. 4 reasons to get excited about Mainfreight (NZE: MFT) shares Thats why there are so many packages out there, because consultants find it easy to sell packages. Mainfreight on LinkedIn: Northlake Warehouse Liked by Brad Greer. Books are important to him. In the meantime, opponent SKP hopes to go to court this month. Market close: Mainfreight chairman Bruce Plested sells $75 million Facilities for the wider boating community were, he said, a big plus on Waiheke. 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. Ideas. He is most proud of his professional qualifications. Currently, he is Executive Chairman at this company and Chairman of Mainfreight GmbH (a subsidiary of Mainfreight Ltd.). [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. Drinkwater says the team are prescriptive about the software they deploy, and they often opt for bespoke solutions that are specific to Mainfreights business. That while in theory its possible to scale up and down when using public cloud, in reality the latter almost never happens. Mainfreight Limited was founded in 1978 by chairman Bruce Plested. enter your email and well send you details, Mainfreight's Bruce Plested's love of books has benefited charity. . The Mairs enjoyed sailing and fishing. 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. Bruce Plested - Biography - MarketScreener.com The shocking amount some people have saved, and why speaking with a financial advisor could help increase your returns and alleviate stress. Leisure and travel stocks SkyCity Entertainment rebounded 10c or 2.9 per cent to $3.55; Serko gained 30c or 4.23 per cent to a new high of $7.40; and Tourism Holdings increased 4c to $2.57. 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.. subscription needed. 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. click here to see if those insiders have been buying or selling. His intellect and pragmatic approach is highly regarded at the Board table. In one example, the company had spent $20 million on an accounting system and had 50 people in its finance team. Name & Title Bio. 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. "It's no use just giving people more money." Plested's early home life was a book-filled one, and his mother would always read to her two sons. Bruce would make sure there was a roast dinner laid on for everyone who helped.". He said it. 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. This endeavor launched the first permanent investment into South America. 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. Plested said he had given opponents SKP (previously called Save Kennedy Point) around $40,000 to pay for legal fees. Insider ownership is positive when it signals leadership are thinking like the true owners of the company. Composition of NZX50 Boards nzmarketinsights Despite a steady recovery in 2021, the magazine was hit by a recent decline in volumes and rising costs. The High Court said no. Founded by Bruce Plested who started the company with just NZD$7000.00 and a 1969 Bedford Truck. Her knowledge of high-tech companies is a welcome addition to the Boards capabilities, as is her familiarity with the complexities of acquisitions, and steering companies through growth and change. Don has over 40 years experience in the freight industry, including 26 with Mainfreight. 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]. No matter what level you are at, people care for each other, and thats demonstrated in many ways. Or use the information youve already given Google to create your subscription. Mainfreight has international operations in the United States through CaroTrans International and most recently Mainfreight International businesses after the 2007 acquisition of Target Logistics, in Asia (nine branches in China, one each in Taiwan, Singapore and Hong Kong). Of initial expressions of interest in berths, 68 per cent have indicated they are Waiheke ratepayers, Mair says. Aquick summary of everything BusinessDesk has published in the previous 24 hours. [4] This operation was expanded with depots in Melbourne and Brisbane. The gift cost more than $4 million of his own money. "Some of it comes from within, some comes from experience, knowing what works and what doesn't. Photo / NZME. Brothers David and Kerry are also involved in the boating and marine sectors. It's always worth thinking about the different groups who own shares in a company. With the takeover of the Owens Group in 2003 they purchased Owens International Australia. 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. 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.
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