Mainfreight will release its financial results for the full 2022 financial year on 26 May 2022. Don from Mainfreight talks to Fisher Funds. Will His AI Plans Be Any Different? Zac: Aside from being in front of customers, what else do you spend your weeks focusing on as the global CEO of Mainfreight? Mainfreight declares flat dividend, hands back $11m wage subsidy [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. If you'd invested $20,000 in Mainfreight 20 years ago and reinvested your dividends, your investment would now be worth $1.3 million. After leaving Timaru Boys' High School Braid joined the New Zealand Shipping Corporation as a clerk in 1976. Mainfreight's Don Braid rose above a solid field of finalists to be named New Zealand Herald Business Leader of Year. Group Managing Director, Mainfreight. 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). Were thinking about being around for a hundred years. 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. Revenues were up $448.4m to $3.5 billion, a 14.5% increase on the prior year, with 76% of that now generated outside New Zealand. I will definitely be following the Mainfreight progress closely for when I return to NZ. Its great fun. I think with a driverless truck, well lose that ability of interaction with the customer on pickup or on delivery. I really want to be in front of those customers! Insurers support an immediate managed retreat for recent flood victims. Mainfreight completes huge software roll-out, spanning A/NZ, US and Lessons from the Managing Director of one of NZ's most successful JUDGES COMMENTS Not bad for a Kiwi trucking company! Leading into this, we had a number of market analysts suggesting our balance sheet was lazy and you know, undercooked. Don Braid has been with freight and logistics company Mainfreight since 1994, after joining the firm as part of the acquisition of Daily Freightways (where he had been for 16 years). For further information, please contact Don Braid, Group Managing Director, telephone +64 9 259 5503, +64 274 961 637 or email don@mainfreight.com. [4] This operation was expanded with depots in Melbourne and Brisbane. And what do you believe leaders need to excel at? 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. Well known for his mental and physical toughness, Braid is often seen working out at The Atrium Club in downtown Auckland, which offers real world fitness for men. His sartorial style was also recognised in 2006 when he was judged the national winner of the NBR Working Style Best Dressed Businessman Awards. "I think I've always enjoyed business, from an early age, so to be involved like I am today has been great. Don: The culture is really important and our culture starts with those closest to the customer. For the latest updates on face to face courses and our safety planning see ourresponse to COVID-19 page. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Mainfreight also renamed Wim Bosman branches in the countries France, Poland, Russia and Ukraine under the Mainfreight name.[12]. While many companies have been battening down the hatches this year, Mainfreight has been on the acquisition trail - purchasing a Netherlands-based freight business which operates in Belgium, France, Romania and Poland and Russia. The company now expects to spend an additional $338m for property over the next two years, with $156m of that during the current financial year. He attributed the. He likes to surround himself with clever, energetic people who are equally as dedicated as him to meeting and exceeding the needs of Mainfreights customers. Once it became a global pandemic we needed to react and adapt as quickly as we could. Its important to be as flexible as we can to bring an offering that the customer requires during a really tough time. Hes the right man for the job at just the right time. Mainfreight Limited has seen its earnings per share (EPS) increase by 19% a year over the past three years. Thanks Mr Braid for sharing your knowledge and insight. 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. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Copyright 2023 | Business Changing Ltd. | Website by Casual Fridays. He owns a 3 per cent stake in the firm, worth about $29 million. Offices are outlawed, even for Braid, whose desk is situated in the corner of a large, open-plan room occupied by the company's national team. Whats changed? Don has over 40 years' experience in the freight industry, including 26 with Mainfreight. As you get bigger, staff engagement and culture becomes more difficult. Net capex totaled $155m for the period, of which land and buildings accounted for $111.7m, plant and equipment $26.6m and IT at $16.7m. Rising inflation and labour shortages have added to the Covid-19 melting pot, crippling global supply chains and trade growth. Zac: Don, your 100-year vision how does that work? Everyone stands on their own two feet. Don Braid's Phone Number and Email Last Update. See ourstandard terms and conditionsfor more information. Target has offices in 35 cities throughout the United States and an international network of agents in over 70 countries.[15]. What Can We Conclude About Mainfreight's (NZSE:MFT) CEO Pay? I give them the ability and the responsibility to deliver, and I give them great support and lots of guidance. Zac: What are your thoughts on driverless trucks and how they will affect Mainfreight? [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. Nothing drives home the state of our roads like a trip on a bike. "I just think that's disgusting," he says. 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 International was Mainfreight's first international sea and airfreight business and was started in 1984 by Bruce Plested's brother Gerald. Read More . Moreover, Don Braid also holds NZ$171m worth of Mainfreight stock directly under their own. Zac: Im keen to understand what do you think are common reasons why many businesses fail to reach their maximum potential? They have over 8500 staff in 280+ locations across 28 countries, so it was pretty cool (and humbling) for us to be able to chat to Don with some of our Business Changing clients recently. In the 12 months to March 31, Mainfreight - which has been one of the top performing stocks on the NZX this year - posted record sales of $1.34 billion. Plested says that within a few months of the firm's acquisition of Daily Freightways, which became Daily Freight under Mainfreight ownership, he came to recognise Braid's strengths. Theres no bullshit in the numbers, they are what the business has earned. 2023: A year of trepidation unless you take control, Talking to 2022 Westpac Supreme Business Winner, Juliette Hogan, How Fix & Fogg are winning the hearts of Americans. I think the only measure of whether weve got the culture right will be seen in the numbers and in the customer service. Out of that, I think weve got the culture really starting to develop. Chief executive, Mainfreight Its having empathy and I think Im patient, determined, have belief and energy. But, he said the first seven weeks of trading in the current year has been at similar levels to the past six months. He knows where the company is going and, more importantly, how it will get there. Sam Knowles Mainfreight's $43.9m 'family' bonus | BusinessDesk The worst thing we could do is slow them down with bureaucracy, making them tick a lot of boxes. If were going to build facilities for our people, we build very good facilities to be around for a long time. Educated at Timaru Boys High School, Braid has been described as possibly the most self-effacing leader of major listed company in New Zealand and is widely regarded as straight-talking and strong leader. See guidance for chairs and directors. 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. With Don Braid at the wheel, Mainfreight is in safe and skilful hands. So youre not only giving them a responsibility for the P&L, but youre also giving them the responsibility of whos going to join our family. DCB had a staff base of five employees on the date of acquisition, however, staff was expected to rise to seven employees. Spearheading the management team at New Zealands largest supply chain logistics and transport company has paid off handsomely for Mainfreight group managing director Don Braid. Zac: Don, if you owned your own SME business at the moment, what would you be focusing on going forward to be as successful as you could be under this environment? On 11 June 2007, Mainfreight 'signed a call option deed' to purchase the entirety of the shares of Australian-based Halford International. Its the individuals responsibility to arrive on time and stay until the jobs finished. 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. Braid has earned a reputation within the market as a straight talker and one of the most effective NZX-50 bosses. Mainfreight Limited is a New Zealand logistics and transport company headquartered in Auckland. Mainfreight was founded on 6 March 1978 by Bruce Plested who started the company with just $7,200 and a 1969 Bedford truck. He runs the businesses with consciously egalitarian slant and is no fan of bureaucracy or the trappings of hierarchies. "He's sporting and tough and makes decisions quite fast," Plested says. We've identified 1 warning sign for Mainfreight that investors should be aware of in a dynamic business environment. Zac: As the leader of Mainfreight, what do you personally focus on to get the team going in the right direction? What else do we need to do to satisfy that bunch of customers? More importantly, the people in those branches know what they did last week, and which were the right decisions or the wrong decisions. I just have a belief and determination that weve got a pretty good business here. Please note that with cookies disabled you will have a degraded experience with some features. Biography Don Braid, Group Managing Director of Mainfreight Limited, was educated at Timaru Boys' High School and has over 30 years' experience in freight forwarding and logistics both New Zealand and internationally.. Don Braid of Mainfreight Limited presents key insights for directors about freight and supply chain patterns in the current climate. His leadership is underpinned by a strong belief in Mainfreights global competency and capabilities to provide high-quality supply chain solutions for our customers. The company is growing EPS and total shareholder returns have been pleasing. Appointment to Board 2000 - With Mainfreight since 1994. COVID-19 has had a significant impact on freight and supply chains worldwide. Any enquiries, or to book a table, please emailNatalie Spratt, Auckland Branch Coordinator. "He never moans about the currency and is always positive.". For me its being in the business, with people and in particular with customers. Is our service or a product still current? 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. 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. Although Plested remains the largest shareholder with a 16% stake worth $395m, Braid's more modest 2.79% stake is still worth about $70m - supplemented by annual remuneration of $2.2m in 2017.
Missouri Drug Bust May 2020, What Happens When You Stop Chasing An Avoidant, Jesse White Secretary Of State Net Worth, Articles D