Once we convinced them that they didnt need a time clock, they took to them with a sledgehammer. 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. [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. In his results commentary, Braid said the results were pleasing in light of initial supply chain disruptions during the early part of the year, on the back of lockdowns in response to the global pandemic. 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. 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. 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 Zac: Don, what makes you good? We note that the salary portion, which stands at NZ$2.20m constitutes the majority of total compensation received by the CEO. 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. Don Braid (Mainfreight) Credit: Mainfreight . So a lot is about the long game. enter your email and well send you details. 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. You know, people arrive when they arrive and they leave when they leave. And if you surround yourself with really good people, the stress is actually spread across everybody and you dont wear it all on your own shoulders. His leadership is underpinned by a strong belief in Mainfreight's global competency and capabilities to provide high-quality supply chain solutions for our customers. Our subscriptions start at $24 / month for individuals. Don: For us, its not about the short game, its about the long game. They know that now and can alter those decisions as they head into the week in front of them. Though his father was a truck driver, Timaru-born Braid can't recall being influenced by this. 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. 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. [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. "You can imagine what they need to eat, drink and use," says Braid in the boardroom of Mainfreight's building in Otahuhu. Don Braid's Phone Number and Email Last Update. Don: With this event in front of us right now, I think cash is king, and the collection of cash. 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. The worst thing we could do is slow them down with bureaucracy, making them tick a lot of boxes. "I probably wasn't qualified enough to go to university," Braid says. WINNER He is fiercely proud of the Mainfreight culture seeing this as a key reason customers choose Mainfreight over the competition. He has an enviable track record of integrity and professionalism and wide ranging business experience. "I don't think any of those things are really of interest to this," he says. Don: Well, the numbers never lie, right? Founded by NBR Rich Lister Bruce Plested, Mainfreight has become a global juggernaut on Braids watch. He joined Daily Freightways in 1978, gaining a thorough grounding in all aspects of the business and eventually heading up . How do you measure this? See ourstandard terms and conditionsfor more information. I will definitely be following the Mainfreight progress closely for when I return to NZ. Some of the leading players in the listed retirement sector have been raising capital. 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. 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. Don: The culture is really important and our culture starts with those closest to the customer. Musk Made a Mess at Twitter. Mainfreight completes huge software roll-out, spanning A/NZ, US and You may withdraw your consent at any time. The government is pushing really hard for the major New Zealand companies to pay their suppliers on time, within 30 days. Brent is a senior reporter based in Queenstown. See the full transcript below. [4] This operation was expanded with depots in Melbourne and Brisbane. He brings strong financial skills and business acumen to the role. Were thinking about being around for a hundred years. The company posted record earnings and revenue for its last full year and has continued to break records this financial year. Director Profiles - Mainfreight Richard has been elected a fellow of the Chartered Institute of Logistics and Transport. 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. FINALIST And I suppose the key thing that we had in our mind was how are we going to run this business to survive and not make anybody redundant. Mainfreight is a truly brilliant organization who sees all staff and their Franchises businesses as friends not employees. Youve got to break it down. FINALIST Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. In March 2011, Mainfreight entered the European market with the acquisition of Netherlands-based company Wim Bosman Group for 120 million; or $227 million. So it looks like Mainfreight compensates Don Braid in line with the median for the industry. If you'd invested $20,000 in Mainfreight 20 years ago and reinvested your dividends, your investment would now be worth $1.3 million. "He implements things very well and you don't have to remind him about anything you're trying to achieve. Terms of use | Your email address will not be published. So what you produce in terms of profitability is real. 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 Biosecurity Business Pledge group has launched two new biosecurity guides. PO Box 65092, Mairangi Bay, Auckland, New Zealand, Top 200 : Deloitte/Management magazine Executive of the Year Don Braid Clear Vision. Its revenue is up 5.9% over the last year. | So weve got eight and a half thousand people and 282 locations. "I just think that's disgusting," he says. 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. Biography The long-term effects must be carefully studied. Where should we open next? They love this as it makes them feel supported and that I understand their role. Ideal traits we want to see in leaders are integrity, being trustworthy and capable of bottom up decision-making, not top down. That's just a smallish increase of 6.9% on last year. At the end of the day, the decisions they made will be seen in the weekly results. "He never moans about the currency and is always positive.". Our website uses cookies to give you the best possible experience and to help us understand how our site is being used. So you need to be committed for the long term.The clich about the beach, the BMW and the boat it looks pretty attractive after 10 years of hard work but what could you have created after a hundred years and have you got something thats a bit special?I think you need passion, energy, belief and the ability to develop people to run the business for the future. Mainfreight - Wikipedia 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. As weve matured and grown around the rest of network, were now learning things that we can bring back to New Zealand. Weekly operational reports are posted on the wall of the company cafeteria in Otahuhu, where all team members, including Braid, eat at a single, long table. Please note that with cookies disabled you will have a degraded experience with some features. So all the bureaucracy that goes on is increasing the amount of time that well see some of those things arrive. Out of that, I think weve got the culture really starting to develop. The Asian business saw profits more than double to US$7m, driven by increases in market share and rate increases from both air and see freight, the firm said. He is highly respected and success-driven executive who has made Kiwibank fly when many thought it would struggle to get off the ground. This article by Simply Wall St is general in nature. That includes a new facility for Owens Transport in Penrose, Auckland and additional land in Nelson, Hastings, Cambridge and Wellington. And thats that. When it comes to capable, motivational and effective leadership Sam Knowles delivers with interest. He is unquestionably our Deloitte/Management magazine Top 200 Executive of the Year. 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. It now has 22 company depots in Australia and relies on agents and third parties in the Northern Territory, Tasmania and some of regional Australia. 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. Zac: What are your thoughts on driverless trucks and how they will affect Mainfreight? He delivers on Mainfreights bold and expansive strategy while still bringing home the bacon for his shareholders. Boards have a key role to play in the wake of any crisis. Mainfreight International was Mainfreight's first international sea and airfreight business and was started in 1984 by Bruce Plested's brother Gerald. With Don Braid at the wheel, Mainfreight is in safe and skilful hands. Contact. And analysts have been warned that they "won't get a second interview" if they make that mistake of calling Mainfreight a "trucking company". His intellect and pragmatic approach is highly regarded at the Board table. Mainfreights two new build warehouses, a 50,000 square metre facility in Sydney and 30,000sqm build in Melbourne, are scheduled for completion by end next year. Zac: Can you share more about your profit share? 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. JUDGES COMMENTS [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. You need to have been there 12 months to earn the full bonus that everybody else gets. Email. Then we got some momentum and we saw some of the other regions doing better than what we thought so we felt better about it. Possibly more important for its team of 8,000, the firm more than doubled its Christmas bonus for 2020, from $5.35m to $11m. Our thoughts are with our members and their organisations impacted by Cyclone Gabrielle. Is Mainfreight Limited (NZSE:MFT) Overpaying Its CEO? - Yahoo! His visits to our local and overseas operations guide our teams to be sales-focused and always aiming for operational excellence. I believe that I shouldnt ask my colleagues/work mates/ team to do any task I would not do myself or know how to do. The key for me is to be in the business as much as possible, to be visible. Theres no cross subsidies. Other Current Significant Directorships and Trusteeships: BUPA ANZ Pty Limited (Chairman), Adherium Limited, Clearspan Limited, Thinxtra Australia, Starship Foundation, Massey University Foundation. [4] In 1998, Mainfreight acquired Australian freight forwarder ISS Express lines, subsequently establishing an Australian international freight business. Learn more. Filed Under: Blog, Business coaching, Motivation coming at ya, What a great interview and there are many excellent points which the Mainfreight CEO covered like Empathy which is essential when supporting all those involved in Mainfreights success and another dealt with the importance of making sure all invoices are paid on time. Thanks for your comments about Don Braid and Mainfreight. He believes in fostering an innovative culture in the organisation and encourages top performances from his teams. While there was someone in the drivers seat, the computer took over the vehicle. 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.
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