don braid mainfreight net worth

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. Zac: How do you prioritise where to spend your time in a normal week? Mainfreight shareholders would be similarly pleased. And then it was a matter of communication and staying in touch, making sure everyone was okay, making sure any questions were answered. On examining similar-sized companies in the industry with market capitalizations between NZ$2.9b and NZ$9.4b, we discovered that the median CEO total compensation of that group was NZ$3.7m. Don has over 40 years' experience in the freight industry, including 26 with Mainfreight. The opportunities offshore and the populations that exist in some of those other countries are large; you only have to get something half right in some of those countries and youre growing a big business compared to what you have here in New Zealand. 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. And if you dont make a profit, theres no bonus that year. Well in Europe they had these time clocks. And sometimes, particularly so in New Zealand, they see the market ultimately being as quite small, when in fact their product or service is good enough to take to the world. That was uppermost in our mind. Some people dont want any more responsibility they find their own ceiling and thats fine. Im not sure well see driverless trucks in NZ for some time to come. Q&A with Mainfreight's Don Braid - Business Changing 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. You need to have been there 12 months to earn the full bonus that everybody else gets. By using this website you consent to the use of cookies in accordance with our privacy policy. Kiwis know the firm largely through its blue trucks that ply our highways, but the company also utilises sea, train and air freight to transport goods around the world. Email. Both are real legends and seem to really walk the talk. 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 The multinational logistics and transport group announced a year end dividend of 45 cents a share, taking the full dividend for the year to 75c, up 27% on the prior year. Privacy policy 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. Then we just sat back and allowed the de-centralized process to take over and allowed people to take responsibility to get their businesses sorted and in line. FINALIST Managing director Don Braid said the result was pleasing, particularly in light of supply chain congestion and ongoing lockdown disruptions in most of Mainfreight's markets. The company also noted Brexit issues between the UK and Europe remained a cause of frustration, particularly since January, resulting in considerable delays to freight on the back of more complicated customs formalities. This article by Simply Wall St is general in nature. Regionally, the NZ business saw an increase of 11.5% in profit before tax to $97.8m, though supply chain capacity into and from NZ remains congested, and the company is frustrated with international shipping lines". Though his father was a truck driver, Timaru-born Braid cant recall being influenced by this. If theyre not on their game, you can see that really quickly so you either get alongside them and help them or if it goes on for too long you realise weve got the wrong person in the wrong role and weve got to change them. For further information, please contact Don Braid, Group Managing Director, telephone +64 9 259 5503, +64 274 961 637 or email don@mainfreight.com. Your email address will not be published. More importantly, the people in those branches know what they did last week, and which were the right decisions or the wrong decisions. An unabashed promoter of New Zealand success, he has an extensive background in the banking industry in New Zealand and Australia, with senior management experience in marketing, strategic planning, retail services and business development. Component 2020 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. Bryan has a wealth of experience, both in executive and board roles. 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. [16] In 2020, CaroTrans Chile was re-branded as Mainfreight Chile. Top 200 : Deloitte/Management magazine Executive of the Year Don Braid Wed prefer to shake hands and know that our integrity and the way that we do business works with our partners long term. By becoming a supporter, you'll be helping us expand our independent journalism for the business community. Director Profiles | New Zealand - Mainfreight In 2006 the New Zealand Mainfreight International and Owens International businesses were also merged to make Mainfreight Owens International Ltd (now Mainfreight International). Don Braid's Phone Number and Email Last Update. 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. Engage via Email. Braid said Mainfreight was on track to push close to the $2 billion sales mark by March next year. He is unquestionably our Deloitte/Management magazine Top 200 Executive of the Year. That's just a smallish increase of 6.9% on last year. "We've been in China for 20 years. 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 Group MD & Director of Mainfreight Limited (NZSE:MFT), Donald Braid 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. So the idea was to make sure that our people were right, that our systems were ok, what customers could trade, and how we could help those customers as an essential service. Nothing drives home the state of our roads like a trip on a bike. 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. 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. Appointment to Board 2000 - With Mainfreight since 1994. "[8], In June 2013, Mainfreight launched a lawsuit seeking 11 million or $18 million against Wim Bosman Group's former owners. 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We aim to bring you long-term focused analysis driven by fundamental data. Thanks for your comments about Don Braid and Mainfreight. What else do we need to do to satisfy that bunch of customers? I'm pleased I didn't do anything else.". But the excitement is justified. Zac: Mainfreight is obviously a massive employer with almost 9000 staff across the world. Target operate domestic and international time-sensitive freight-forwarding and logistics services through its wholly owned subsidiary, Target Logistic Services. Mainfreight is publicly listed on the NZ Stock Exchange with a market capitalisation of $8+ billion. As an example, we know what money weve made or lost last week in every single one of those 282 branches as of about half an hour ago. So you need to make sure youve got succession planning to be able to work on the dream that youre creating. He is fiercely proud of the Mainfreight culture seeing this as a key reason customers choose Mainfreight over the competition. Chief executive, Air New Zealand [4] In 1998, Mainfreight acquired Australian freight forwarder ISS Express lines, subsequently establishing an Australian international freight business. [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. Its having empathy and I think Im patient, determined, have belief and energy. 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. Rob Fyfe 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. While many of its NZX-50 peers have entered a period of stagnation, Mainfreight - it seems - thrives on hard times. 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. Sam Knowles Aside from travel (usually), customers, and communicating with those in other countries I spend my time in front of our people and our leadership team, no matter where they are located. Boasting a total shareholder return of 168% over three years, Mainfreight Limited has done well by shareholders. As Chairman and Founder, Bruce shares his vision for the Company with the Mainfreight team, bringing a particular focus to quality and our culture. The Biosecurity Business Pledge group has launched two new biosecurity guides. How we can fix New Zealand's ports - Don Braid | BusinessDesk +64 27 403 0148+64 9 905 4804Jill.Steffert@iod.org.nz, The Auckland Branch acknowledges the generous support of. Check out our latest analysis for Mainfreight. d***@mainfreight.com. Zac: Don, having a decentralized business, whats been your approach to leadership? Between 1994 and 1997 Mainfreight started acquiring former competitors, such as, Daily Freightways and Chem Couriers in 1994, a 75% shareholding in Lep New Zealand in 1996, and Combined Haulage and Senco Haulage in 1997. 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. 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. Will be fundamentally different from the last one. Braid, who joined Mainfreight through its purchase of Daily Freightways, says the company hasn't let the last few years of economic upheaval dull its ambitions. The long-term effects must be carefully studied. 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. 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.

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