Since the acquisition of the Wim Bosman Group the eurozone has spiralled to the brink of economic disaster, but 52-year-old Braid says doing business on the debt-ravaged continent is nothing other than an "exciting" prospect. That includes a new facility for Owens Transport in Penrose, Auckland and additional land in Nelson, Hastings, Cambridge and Wellington. As a young salesperson aged 19, I couldnt make a cold call. Zac: Don, what makes you good? And he should know, having spent his entire working life in the freight industry. Youve got to break it down. He previously worked for the Otago Daily Times, after a return to business journalism in 2018. Theyll have the Mainfreight culture, but itll have a little twist for example, the culture in Shanghai is different to the culture in Newark or the Netherlands or Sydney. He's got plenty of charm if he wants to have it and his leadership skills just stand out people want to stand next to him, Plested was quoted as saying after Braid was selected as the 2011 Business Leader of the Year. He delivers on Mainfreights bold and expansive strategy while still bringing home the bacon for his shareholders. They couldnt believe we trusted them to turn up when we needed them to turn up and leave when we needed them to leave. Mainfreight commenced operations in Auckland in 1978 and is the largest freight company in New Zealand. We use functional and analytical cookies on our website to offer an optimal user experience. So it doesnt matter whether youre loading freight, taking customer service calls, out making sales calls, or an operations transport manager, you understand those disciplines early on in the piece. Will be fundamentally different from the last one. Mainfreight also renamed Wim Bosman branches in the countries France, Poland, Russia and Ukraine under the Mainfreight name.[12]. I think with a driverless truck, well lose that ability of interaction with the customer on pickup or on delivery. Zac: Im keen to understand what do you think are common reasons why many businesses fail to reach their maximum potential? The key for me is to be in the business as much as possible, to be visible. [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. Even Europe's ongoing economic turmoil fails to dampen Braid's optimism, despite the Kiwi logistics operator having spent more than $200 million buying a Netherlands-based freight firm earlier this year, giving it a European footprint for the first time in its more than three-decade history. Thats the best way of being able to manage an event like were in right now, but Id say its the best way to run a business at all times.We have some really good systems. We note that the salary portion, which stands at NZ$2.20m constitutes the majority of total compensation received by the CEO. Investors who take an interest in Mainfreight Limited ( NZSE:MFT) should definitely note that the Group MD & Director, Donald Braid, recently paid NZ$74.61 per share to buy NZ$500k worth of. How does that actually work, practically? He attributed the. Its about the other employees seeing the numbers; dont forget, we share those profits with our people too so theres internal pressure to perform too. Mainfreight's net profit rose by $40.1m to $188.1m. | Moreover, Don Braid also holds NZ$171m worth of Mainfreight stock directly under their own name, which reveals to us that they have a significant personal stake in the company. It is our strong belief that the momentum we have will continue, and will develop at a faster pace than we have experienced in the past, thanks to our people, our network and our culture. Mainfreight people, he says, don't "live in question marks". "He's sporting and tough and makes decisions quite fast," Plested says. He is fiercely proud of the Mainfreight culture seeing this as a key reason customers choose Mainfreight over the competition. 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. Don: Sometimes I think people dont recognise or believe or have enough passion in what theyve developed. Regrettably, registration fees cannot be refunded when cancellations are received within two working days prior to any branch event. Once it became a global pandemic we needed to react and adapt as quickly as we could. Id also be really focused on being in touch with customers. He knows where the company is going and, more importantly, how it will get there. We ask our people to recruit very good people with passion and energy; people good enough to become branch managers. Braid says the Mainfreight culture and passion took hold pretty quickly, and Plested recognised his leadership strengths by appointing him to the board six years later. Pot vote has Oklahoma hungry to rake in green from Texas, How Ron DeSantis misreads Corporate America, Tesla recalls 3,470 Model Y vehicles over loose bolts, 3 big things in investing you might have missed this week, UPDATE 1-North Korea says US causing international arms control collapse. In 2008, the United States locations were re-branded as Mainfreight USA. But the excitement is justified. This Supreme Court Case Could Redefine Crime, YellowstoneBackers Wanted to Cash OutThen the Streaming Bubble Burst, How Countries Leading on Early Years of Child Care Get It Right, Female Execs Are Exhausted, Frustrated and Heading for the Exits, No Major Offer Expected on Childcare in UK Budget, Biden Gives Medal of Honor to Trailblazing Special Forces Member, Climate Change Is Launching a MutantSeed Space Race, UK Braces for Rare Weather Event That Risks Late-Winter Freeze, What Do You Want to See in a Covid Memorial? So Don, my first question is whats been your main focus the past two months during Covid times and leading Mainfreight and global business? Your email address will not be published. Bruce would be the first person to say he needed to have great leadership following him if he wanted to bring his hundred year vision to life. As Chairman and Founder, Bruce shares his vision for the Company with the Mainfreight team, bringing a particular focus to quality and our culture. But, he said, the groups response at the outset of the pandemic had been unequivocal. The firm's shares have been one of the best performing stocks on the NZX, returning more than 20 per cent in the year to date. "We need to try and paint the picture around Mainfreight here and what Mainfreight is, that to me is of more interest than whether I like rugby or cricket. On 11 June 2007, Mainfreight 'signed a call option deed' to purchase the entirety of the shares of Australian-based Halford International. [2] In 1979, Bruce Plested partnered with Neil Graham, with Graham based in Christchurch and Plested in Auckland. Braid says the company strives to be de-centralised through giving responsibility to all individuals in the business and letting them make decisions. Other Current Directorships: Information and Communication Services Limited (Chairman), Seronic (NZ) Limited, and his family companies. Today he chairs a group of telecommunication companies. [4] This operation was expanded with depots in Melbourne and Brisbane. The reality is, this leadership team in New Zealand has been through the earthquakes and the GFC and now the pandemic. The CEO of Mainfreight Limited (NZSE:MFT) is Don Braid, and this article examines the executive's compensation against the backdrop of overall company performance. Required fields are marked *. 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. We would meet with them once a week and theyd share what theyd discovered and what they hadnt discovered and wed give them some guidance but then get out of their way and let them get on with the job. What have we got right? Some of the leading players in the listed retirement sector have been raising capital. You can follow him on Twitter, New tourism plan sidesteps immigration elephant, Mortgage arrears up as rates start to bite, Investors queue up ahead of Du Val liquidity events, Affordable housing levy sparks fear and loathing in Queenstown. He is 100 percent dedicated to Mainfreight and its future and has led the company in consolidating its position as an international business, progress which will bring rewards not only for that company but for New Zealand as it continues to expand offshore. Their understanding of disciplines and what the expectations are embedded early on so our culture is strong and then you give them responsibility. Fyfe joined Air New Zealand at the start of 2003 as chief information officer, before becoming group general manager airlines from October 2003 until his appointment as CEO in October 2005. By becoming a supporter, you'll be helping us expand our independent journalism for the business community. For the latest updates on face to face courses and our safety planning see ourresponse to COVID-19 page. The worst thing we could do is slow them down with bureaucracy, making them tick a lot of boxes. [16] In 2020, CaroTrans Chile was re-branded as Mainfreight Chile. Mainfreight will release its financial results for the full 2022 financial year on 26 May 2022. Zac: Aside from being in front of customers, what else do you spend your weeks focusing on as the global CEO of Mainfreight? "We've been in China for 20 years. To trust your people too, to give them the responsibility. Dogged determination, drive and eternal optimism - they're all qualities Don Braid exudes. Mainfreight's straight-talking group managing director has an infectious zest for business. Don joined in 1994 and hes been on the board since 2000 and the CEO for a heck of a long time. For us its about pushing the decision-making as close to the customer as possible, getting those people to make decisions rather than pushing them upstairs for someone else to make. That means a lot of travel, but the reality is I thought my skills were best used in front of a customer so thats what I focused on. Media enquiries Hi Tanya. Not bad for a Kiwi trucking company! In that respect, NZ was the worst effected with weekly revenues during April 2020 down by about 40% on average levels. We will probably go back to normal but be ready to adapt, be flexible and look after your people theyll bring the answers to the table for you on what your business will look like in the future. The government is pushing really hard for the major New Zealand companies to pay their suppliers on time, within 30 days. "I just think that's disgusting," he says. Boasting a total shareholder return of 168% over three years, Mainfreight Limited has done well by shareholders. Don has over 40 years experience in the freight industry, including 26 with Mainfreight. Weve made this article available for free. He is an outstandingly consistent and capable chief executive. Mainfreight chairman Bruce Plested says Braid is a very complete modern and old-fashioned leader wrapped up in one. Weve got examples of that in our business right now.
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