Bruce G Plested, Mainfreight Ltd: Profile and Biography - Bloomberg Markets Bloomberg Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and. 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. Empowerment can be rewarding in other ways. That will be a jack-up barge with a drilling rig, able to work on the 26 reinforced concrete piles for the new wharf. Boats will discharge into facilities at the bay end of the marina. 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. If you do not want us and our partners to use cookies and personal data for these additional purposes, click 'Reject all'. After the full acquisition that took place August 2007, Mainfreight Asia quickly gained momentum in the Air and Ocean sector, driving business in China and Southeast Asia. Average Retirement Savings By Age: Are You Normal? People expect more, boats got bigger. The government must focus on supporting exporters to innovate. For six years, he has fought to build an Auckland marina adjacent to SeaLink's vehicle ferry terminal and breakwater on Waiheke Island. 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. "My involvement in these marina projects resulted in the sale of over 6000 marina berths.". 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. Alternatively, email editorial-team (at) simplywallst.com. As Nassim Nicholas Taleb said, 'Dont tell me what you think, tell me what you have in your portfolio. [2] In 1979, Bruce Plested partnered with Neil Graham, with Graham based in Christchurch and Plested in Auckland. [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. As for new sector-specific technologies, he says that driverless trucks are on their way but the technology isnt here yet. Leverage your professional network, and get hired. Chia Sisters introduces game-changing drinks packaging taking inspiration from an unexpected sector. This risk is higher in a company without a history of growth. Mainfreight Limited was founded in 1978 by chairman Bruce Plested. Two sizes of cannonballs emerged, he says, possibly fired around the 1840s to 1860s when boats discharged their arsenal once they sailed into what were peaceful harbours. This was the lion's share of the charity's total expenditure of $4.08m. When an insider holds a sizeable amount of a company's stock,. You can change your choices at any time by clicking on the 'Privacy dashboard' links on our sites and apps. We wont charge for 10 days. This past Friday marked my final day with Mainfreight. Its the end of the road at Mainfreight for CIO Kevin Drinkwater, who officially retires on 31 December 2020. On the plus side for Mainfreight shareholders, Bruce Plested has elected not to receive remuneration (i.e. Every investor in Mainfreight Limited ( NZSE:MFT ) should be aware of the most powerful shareholder groups. There's no Mainfreight head office or military style hierarchy. [17], "Shareholding Information - Mainfreight Limited", "Mainfreight co-founder Neil Graham dies", "Road transport regulation a controversial measure to protect railways", "Mainfreight announces agreement to acquire Halford International", "Mainfreight breaks into Europe with $227m acquisition", "Mainfreight sues for $18m after shock client loss", "Mainfreight gets $14m payout - drops Euro claim", "The Wim Bosman Group becomes Mainfreight", "Mainfreight sells Pan Orient Project Logistics and its 75% shareholding in LEP (New Zealand and Australia) for over A$83 million", "Mainfreight Limited (Mainfreight) completes sale of Pan Orient Project Logistics", "Target Logistics, Inc. Agrees to be Acquired by Mainfreight Limited", https://en.wikipedia.org/w/index.php?title=Mainfreight&oldid=1136159997, Daily Freight (NZ), Carotrans (Worldwide), Owens (AU/NZ), ChemCouriers (AU/NZ) Mainfreight Europe (EU), This page was last edited on 29 January 2023, at 01:07. They describe him as both a "rounded person who links to the commercial community" and an "extraordinary character". His leadership is underpinned by a strong belief in Mainfreights global competency and capabilities to provide high-quality supply chain solutions for our customers. Reminder, this is a Premium article and requires a subscription to read. Doesnt matter what your position is. Most would say this shows a good degree of alignment with shareholders, especially in a company of this size. 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. He is also fast-moving. Clearly the two are well matched. Swallows and Amazons, Arthur Ransomes perennial tale of a summer camping and sailing in the English Lake District, is one book he fondly remembers. He imagines he follows the rules but still gets "hauled off to a concentration camp". [5] When deregulation of land transport occurred in October 1982, Mainfreight quickly took advantage of the opportunities presented and won a large share of the freight market. Founded 2,000 years ago, Lyon's streets are a living museum, with beautiful historical buildings and interesting art galleries and museums. 14 July, 2017. What Kind Of Shareholders Hold The Majority In Mainfreight Limited's Reporting is done weekly. 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. 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. So it went to the Court of Appeal, which also said no. Plested's secretary Carol Selwyn says she doesn't do slow: "It would be hard to work for anyone who moves slower than I do." He is most proud of his professional qualifications. 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 turned out to be the best money they ever made, Plested admits. With Christmas looming, Drinkwater is looking forward to taking some time out, project-managing his familys new house build in Russell, and getting to grips with the drone hes been given. The charitys aim is to promote a love of reading in children, with a focus on lower-income families. The definition of company insiders can be subjective and does vary between jurisdictions. You can click here to see if those insiders have been buying or selling. Last year the business had revenue of NZ$1.9 billion and expects to reach $2 billion this year. Recent reads includeKleptomania: How Dirty Money is Conquering the World by Tom Burgiss, and Affluenza by Oliver James, a treatise on how consumerism on steroids is making people miserable and unfulfilled. Paul Ford on Auckland cricket | ESPNcricinfo Brad Greer - National Business Development Manager - Mainfreight - LinkedIn Despite the protests, his view is the score is now 18 down, one to go. Here, he shares the lessons of his career with CIOs everywhere. A year later they had nearly doubled in value to $11.10m. Institutional investors commonly compare their own returns to the returns of a commonly followed index. Plested gave the charity $250,000 in 1998, which Duff used to buy shares in the company. All berths beside the wharf, closest to the land, are pre-sold. In the meantime, opponent SKP hopes to go to court this month. Mainfreight - Alchetron, The Free Social Encyclopedia Current positions of Bruce Plested Holdings of Bruce Plested Bruce Plested : Personal Network 04/12 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. See more CEO 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. He recalls the money was for spending, not investing. Based on our data team's research, Ben Fitts is the Mainfreight's CEO. Check out our latest analysis for Mainfreight. In 2003 Mainfreight bought Owens Group, one of New Zealand's largest trucking firms. Bruce Plested - NBR | The Authority since 1970 They put it up for sale in 2012 with an asking price of. Many of us here believe in the same principles, we're here for the long term. The Group MD & Director of Mainfreight Limited (NZSE:MFT - Yahoo 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. Ready Fire Aim: The Mainfreight Story - Google Books Selwyn has worked with Plested for 41 years, since before he started Mainfreight. Drinkwater started at Mainfreight in 1986 as its financial controller, and he has held several roles, including in sales and warehousing in New Zealand and the US. The company was founded by Bruce G. Plested in 1978 and is headquartered in Auckland, New Zealand. He brings strong financial skills and business acumen to the role. Other Current Directorships: Ngti Poa iwi members have also been camping at the site where Mair's business began development in early March. Mainfreight is a pretty big company. The shocking amount some people have saved, and why speaking with a financial advisor could help increase your returns and alleviate stress. To get the disclaimer out of the way, Mainfreight's founder and chair Bruce Plested is not only a member of the Initiative. From there, providing you have passion, the Mainfreight . "It's about creating a feeling of whanau. mainfreight 250bruce plested1978 Founded by Bruce Plested who started the company with just NZD$7000.00 and a 1969 Bedford Truck. Bruce Plested - Biography - MarketScreener.com Mainfreight dominated the trading on the New Zealand sharemarket after it was revealed that its chairman Bruce Plested sold $75 million worth of shares in the transport and logistics company. [3][4], When the company was founded it entered a highly regulated transport market. "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. Mainfreight Limited is a listedNew Zealand logistics and transport company headquartered in Auckland. Founded by Bruce Plested who started the company with just NZD$7000.00 and a 1969 Bedford Truck. The general public, mostly retail investors, hold a substantial 51% stake in Mainfreight, suggesting it is a fairly popular stock. ", Bruce Plested starts Mainfreight Auckland. Despite a steady recovery in 2021, the magazine was hit by a recent decline in volumes and rising costs. Mainfreight has a policy of developing people and promoting them internally. The latest ANZ-Roy Morgan Consumer Confidence Index has lifted one point in April, but still remains "at an extremely low level". Small company shows how the power of digital can transform lives. Its his view that many CIOs fall into the cloud sprawl trap. This size of ownership gives retail investors collective power. Since then, we have grown to become a global logistics provider with over 11,387 team members across 26 countries, including . The share sale was disclosed to the NZX today and indicated one million shares were sold from Rorohara No. This information will be used to measure the effectiveness of our advertising from various channels and to offer you personalised ads. "That was the start of the marina division where we got up to 60 staff eventually.". The government vs Mainfreight | The New Zealand Initiative Name & Title Bio. He has also lent his considerable support to not-for-profit organisations such as the Starship Foundation. He imagines he follows the rules but still gets "hauled off to a concentration camp". 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. madness, quite extreme. enter your email and well send you details. During his farewell speech to the 50 people in Mainfreights NZ technology team (the global IT team numbers 125), Drinkwater shared his tips for success, including these 10. Brothers David and Kerry are also involved in the boating and marine sectors. 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. It is very interesting to see that insiders have a meaningful NZ$1.4b stake in this NZ$6.8b business. That single transaction was for NZ$3.5m worth of shares at a price of NZ$69.49 each . Mainfreight commenced operations in Auckland in 1978 and is the largest freight company in New Zealand. Chia Sisters introduces game-changing drinks packaging taking inspiration from an unexpected sector. Mainfreight executive chairman Bruce Plested is the winner of the Deloitte Top 200 Visionary Leader 2014 Award. Bruce Plested. Aquick summary of everything BusinessDesk has published in the previous 24 hours. MAINFREIGHT LIMITED Company Profile - Dun & Bradstreet Liked by Tansy Austin. Please contact your card provider or customer support. Mair is the youngest of three. Drinkwater says the team are prescriptive about the software they deploy, and they often opt for bespoke solutions that are specific to Mainfreights business. Jeremy Serrurier posted on LinkedIn Mainfreight was founded on 6 March 1978 by Bruce Plested who started the company with just $7,200 and a 1969 Bedford truck. click here to see if those insiders have been buying or selling. He is a long-term bull on the stock and I have no issue whatsoever with his move.". Market close: Mainfreight chairman Bruce Plested sells $75 million 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 -. It's no use just giving people more money.. At the time Plested said he just wanted to say thank you to the people who had given him so much. He built a billion-dollar logistics business, starting with a single Bedford truck in the 1970s. So they generally do consider buying larger companies that are included in the relevant benchmark index. Show more. Our data suggests that Bruce Plested, who is also the company's Top Key Executive, holds the most number of shares at 15%. 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. 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. He is also on the board of Rorohara No 2 Trust. It's always worth thinking about the different groups who own shares in a company. Likewise, his strongly-held beliefs relating to the importance of education and of recycling/ sustainability . When the company was founded it entered a highly regulated transport market. 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. In March 2011, Mainfreight entered the European market with the acquisition of Netherlands-based company Wim Bosman Group for 120 million; or $227 million. Plested got in touch with Duff after seeing the writer in a documentary, talking about the state of New Zealand. 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 . A good Samaritan. They all know they are expected to look after customers, giving them a high quality freight service," he says. Books are important to him. In addition to the all-hands Board meetings, the Board will have a number of . 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. Reminder, this is a Premium article and requires a subscription to read. When the company was founded it entered a highly regulated transport market. The philanthropist was recognised at the New Zealander of the Year awards. Plested and Braid are based at unfashionable Otahuhu in South Auckland. In April 2007, Mainfreight announced its intentions to sell its Pan Orient Project Logistics business and its 75% interest in Lep Australia and New Zealand to global logistics company Agility Group for A$83 million. Celebrating our founder, Bruce Plested's 80th Birthday at Mainfreight Warehousing Toronto! The government must focus on supporting exporters to innovate. Mainfreight on LinkedIn: Northlake Warehouse Mainfreight executive chairman Bruce Plested is the winner of the Deloitte Top 200 Visionary Leader 2014 Award. In addition, we use tracking cookies, which can collect information about you and follow your internet activity within our website, and possibly outside our website as well. [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. Mainfreight is hosting a BBQ for customers, family and friends on September 22nd! Those iwi members are also vowing to stop the scheme, citing the kaupapa of the moana. When such a trade goes wrong, multiple parties may compete to sell stock fast. Small company shows how the power of digital can transform lives. INRAE center Clermont-Auvergne-Rhne-Alpes 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.