don braid mainfreight net worth don braid mainfreight net worth

I really want to be in front of those customers! Our data indicates that Mainfreight Limited has a market capitalization of NZ$6.0b, and total annual CEO compensation was reported as NZ$3.0m for the year to March 2020. When other international airlines are finding their wings clipped, this straight talking, and well regarded leader, has proved his point. Our website uses cookies to give you the best possible experience and to help us understand how our site is being used. Weve sort of tucked on the back of some trials in Europe and in the States where they were running in threes and fours behind each other, all connected by a computer. This article by Simply Wall St is general in nature. With the takeover of the Owens Group in 2003 they purchased Owens International Australia. They know that now and can alter those decisions as they head into the week in front of them. Don: For us, its not about the short game, its about the long game. He points out that 172 million people live within a 350 km radius of Wim Bosman's headquarters in's-Heerenberg, on the Dutch-German border. Braid consistently delivers for shareholders and stakeholders alike. Group Managing Director, Mainfreight. In 1994 Mainfreight purchased the business, and Don went on to hold various senior management roles at Mainfreight prior to his appointment as Managing Director in 2000. I will definitely be following the Mainfreight progress closely for when I return to NZ. "But I was fascinated that he could present this picture of a skeleton of a company and present it so brightly.". 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. We dont call them staff for us, they are our people or our team. So it looks like Mainfreight compensates Don Braid in line with the median for the industry. See guidance for chairs and directors. Read More . Chief executive, Mainfreight Don: Well, the numbers never lie, right? So I think cashflow is king and Id be focused on that. The firms European business where it has a footprint of more than 330,000 sqm of warehousing saw a 23.4% improvement in profit before tax to 22.35m, despite extensive lockdowns across the continent, many of which were ongoing. Mainfreight commenced operations in Auckland in 1978 and is the largest freight company in New Zealand. It remains a very exciting journey., Spearheading the management team at New Zealands largest supply chain logistics and transport company has paid off handsomely for, 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. Whats changed? In March 2011, Mainfreight entered the European market with the acquisition of Netherlands-based company Wim Bosman Group for 120 million; or $227 million. I'm pleased I didn't do anything else.". His intellect and pragmatic approach is highly regarded at the Board table. In May 2011, Mainfreight established a CaroTrans branch in Santiago, Chile. Mainfreight will pay a discretionary bonus of $43.9 million, up 61% from last year's bonus of $27.3m, after a record result to March which saw net profit up by $40.1m to $188.1m. Other Current Significant Directorships and Trusteeships: BUPA ANZ Pty Limited (Chairman), Adherium Limited, Clearspan Limited, Thinxtra Australia, Starship Foundation, Massey University Foundation. FINALIST [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. Mainfreight's straight-talking group managing director has an infectious zest for business. 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. 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. Braid has earned a reputation within the market as a straight talker and one of the most effective NZX-50 bosses. So for the first couple of weeks of lockdown in New Zealand, we were wondering, how deep is this going to go? I might get a little bit wound up about stuff, a bit passionate about things, but I think you cant get so involved that you think about nothing else. George Adams, the departing MD, of Coca-Cola Amatil, won the Leader of the Year award at this weeks NZ Workplace Health & Safety Awards 2013. Well in Europe they had these time clocks. Don has led the Mainfreight team through a significant period of change and expansion to become the successful global supply chain logistics provider it is today, with businesses operating in over 214 branches throughout New Zealand, Australia, Europe, Asia and the United States. Mainfreight chief executive Don Braid says New Zealand needs to slash the number of its container ports to a 'maximum' of three to avoid being side-lined by major shippers.The 18-year veteran CEO of the NZX-listed multinational logistics company told a supply chain forum in Auckland on Wednesday that container cranes sitting at most of the You know, people arrive when they arrive and they leave when they leave. "[8], In June 2013, Mainfreight launched a lawsuit seeking 11 million or $18 million against Wim Bosman Group's former owners. Required fields are marked *. Target has offices in 35 cities throughout the United States and an international network of agents in over 70 countries.[15]. Contact. Likewise, his strongly-held beliefs relating to the importance of education and of recycling/ sustainability, continue to positively shape the Companys behaviours. Zac: What is the Mainfreight way when it comes to culture? If our team on the dock is seeing poor decision-making thats eroding profitability, they will suffer because they share that profit so there comes internal pressure just as much from them as there is from us, looking at how the business is progressing. [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. "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. "It's not about what I've done - it's about what we've done and what the business has done," he says. He brings strong financial skills and business acumen to the role. Were not thinking about selling our shares, were not thinking of getting out when the goings good were here for the good and the bad so were preparing the business for that next 100 years. How are we changing the business accordingly? In 2008, the United States locations were re-branded as Mainfreight USA. So the weekly P&L puts them on the spot. Don: It should be where your skills are. We ask our people to recruit very good people with passion and energy; people good enough to become branch managers. 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Its the individuals responsibility to arrive on time and stay until the jobs finished. 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 firm's shares have been one of the best performing stocks on the NZX, returning more than. Engage via Email. [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. Not living as a question mark but instead getting on with it and making those decisions. Insight and analysis of top stories from our award winning magazine "Bloomberg Businessweek". "There's no bureaucracy or hierarchy or superiority in the business. Bruce Plested, the firm's executive chairman who founded the company in 1978 with $7200 and a 1969 Bedford truck, recalls the day in 1994 when Braid - then a Freightways Group employee - had the job of pitching its Daily Freightways business to Mainfreight, which it acquired that year. 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). | 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. The company is on track to go close to the $2 billion mark in its current financial year, Braid says, having already posted an almost $900 million revenue for the six months to September. COVID-19 has had a significant impact on freight and supply chains worldwide. Don: With this decentralized approach, those P&Ls were talking about, theyre part of everyday life at Mainfreight those P&Ls go up on the cafeteria wall. 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. Appointment to Board 2000 - With Mainfreight since 1994. For me its being in the business, with people and in particular with customers. How Does Don Braid's Compensation Compare With Similar Sized Companies? Click on [Agree] or [Disagree] to accept or refuse cookies. We applaud that; weve always paid every supplier on the 20th of the month following and we ask the same of our customers. I learned that early in the piece and I think its stood me in good stead. 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. [16] In 2020, CaroTrans Chile was re-branded as Mainfreight Chile. What havent we got right? Youve got to have good outlets. Your email address will not be published. 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. Although the pay is close to the industry median, overall performance is excellent, so we don't think the CEO is paid too generously. Don Braid of Mainfreight Limited presents key insights for directors about freight and supply chain patterns in the current climate. Zac: Mainfreight was started back in the late seventies by Bruce Plested, who is the chairman now. Bryan has a wealth of experience, both in executive and board roles. So everything that we do is about being here for a long time. Don has led the Mainfreight team through a significant period of change and expansion to become the successful global supply chain logistics provider it is today, operating in 26 countries around the world, with $3+ billion in sales revenue, and he leads a team of 9,240 passionate Mainfreight people all around the world. d***@mainfreight.com. Don Braid is Managing Director/CEO at Mainfreight Ltd. See Don Braid's compensation, career history, education, & memberships. In 2006 the New Zealand Mainfreight International and Owens International businesses were also merged to make Mainfreight Owens International Ltd (now Mainfreight International). Group managing director Don Braid said it was a significant result for the Mainfreight family, achieved during a tumultuous time in the worlds history and with success in every one of the five regions the company operated. Zac: Don, your 100-year vision how does that work? Early in my career I understood that I enjoyed the interaction with customers and in fact I enjoy the challenge of helping win new customers. And then its about exploring the long game. Mainfreight shareholders would be similarly pleased. If you'd invested $20,000 in Mainfreight 20 years ago and reinvested your dividends, your investment would now be worth $1.3 million. Don has over 40 years' experience in the freight industry, including 26 with Mainfreight. It's nice to see revenue heading northwards, as this is consistent with healthy business conditions. It's interesting to note that Mainfreight allocates a smaller portion of compensation to salary in comparison to the broader industry. Don: I think its quite a long way off. BusinessDesk has a paywall for most of its content. "We've been in China for 20 years. 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). Early in the piece at Mainfreight, leaders are given responsibility, so the ability to take responsibility and to make decisions is pretty important. Mainfreight Limited is a New Zealand logistics and transport company headquartered in Auckland. Our thoughts are with our members and their organisations impacted by Cyclone Gabrielle. Hamish. Mainfreight is a truly brilliant organization who sees all staff and their Franchises businesses as friends not employees. Other finalists were: Briscoe Group managing director Rod Duke, NZX chief executive Mark Weldon, ex-Fonterra chief executive Andrew Ferrier, Xero founder Rod Drury, LanzaTech chief executive Jennifer Holmgren, Ngai Tahu Holdings Corp chief executive Greg Campbell, TZ1 founding chief executive and former Microsoft New Zealand chief executive Helen Robinson, Farmers/Whitcoulls owners David and Anne Norman and Ryman Healthcare chief executive Simon Challies. He has clear vision of what it will take to navigate the unforgiving roads and heavy traffic of the international freight marketplace and so far he has kept this business right on track. Any enquiries, or to book a table, please emailNatalie Spratt, Auckland Branch Coordinator. Don: The culture is really important and our culture starts with those closest to the customer. His visits to our local and overseas operations guide our teams to be sales-focused and always aiming for operational excellence. And thats that. He has led the company in strengthening its global logistics business and ensuring an increased diversification of revenue streams across many countries, trade lanes and activities provides natural protection for earnings. Mainfreight is the fourth largest company in NZ, doing over $3 billion in sales and over $300 million in EBITDA, with physical assets of $1.5 billion and debt of less than $200 million. What have we got right? 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. +64 27 403 0148+64 9 905 4804Jill.Steffert@iod.org.nz, The Auckland Branch acknowledges the generous support of. So each person can earn some more money by not just making profit, but keeping customers happy, keeping claims to a lower amount, making sure were collecting cash, making sure that were delivering freight in full and on time but the base bonus, everybody gets the same amount no matter whether youve been there for one year or for 40 years and no matter what your position is. He has also lent his considerable support to not-for-profit organisations such as the Starship Foundation. So take a peek at this free list of interesting companies. Theres no cross subsidies. 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. 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. And what do you believe leaders need to excel at? Talking in terms of the industry, salary represented approximately 91% of total compensation out of all the companies we analyzed, while other remuneration made up 9.3% of the pie. At the end of the day, the decisions they made will be seen in the weekly results. Other Current Directorships: Information and Communication Services Limited (Chairman), Seronic (NZ) Limited, and his family companies. Managing director Don Braid said Covid-19 fully tested Mainfreight's resilience, but it also necessitated some fundamental commitments. Getting decisions made as close to the customer as possible is probably our secret and giving that responsibility to those in the branches. After receiving the 2016 Infinz Leadership Award he told staff if this is a tick in the box for the way we have done things or are trying to do, and for what were trying to create, then well take that tick. Proud of its family ties, Mainfreight also employs Braids sons, Jason and Corey. Theyre all networked, but theyre all distanced so we knew we needed to communicate really well with them and have a blueprint that we know would work. Youve got to think about that as small groups of people looking after our customers and each group is important in their own right and theyll have their own little traits. Though his father was a truck driver, Timaru-born Braid can't recall being influenced by this. Where do we need to be? That includes a new facility for Owens Transport in Penrose, Auckland and additional land in Nelson, Hastings, Cambridge and Wellington. While there was someone in the drivers seat, the computer took over the vehicle. Should it change? For the latest updates on face to face courses and our safety planning see ourresponse to COVID-19 page. 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.