don braid mainfreight net worthhow to play spiderheck multiplayer
Formerly Halford Young, Halford is a private logistics company and freight forwarder with operations and networks in Australia and New Zealand, Japan, Germany, throughout Asia and the United States.[6]. Nothing drives home the state of our roads like a trip on a bike. Look after your people and theyll look after the business. Once it became a global pandemic we needed to react and adapt as quickly as we could. He has an enviable track record of integrity and professionalism and wide ranging business experience. Mainfreight will release its financial results for the full 2022 financial year on 26 May 2022. JUDGES COMMENTS Please note that with cookies disabled you will have a degraded experience with some features. Is our service or a product still current? So the weekly P&L puts them on the spot. Don Braid of Mainfreight Limited presents key insights for directors about freight and supply chain patterns in the current climate. At the end of the day, the decisions they made will be seen in the weekly results. 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. Should it change? The worst thing we could do is slow them down with bureaucracy, making them tick a lot of boxes. Don from Mainfreight talks to Fisher Funds. That's ambitious, even . 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. I think the only measure of whether weve got the culture right will be seen in the numbers and in the customer service. 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. 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. Whats interesting when you go into a pandemic or an event like this is what the balance sheet looks like. As weve matured and grown around the rest of network, were now learning things that we can bring back to New Zealand. How do I gain more customers? 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. Braid said that while Mainfreights people can be proud of the way they stood up to be counted, there would continue to be uncertainty with heavily congested supply chains continuing to affect the worlds freight lanes. So we have these 282 locations across 20 countries how do we get them each operating at their peak, every day? 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). So it looks like Mainfreight compensates Don Braid in line with the median for the industry. BusinessDesk has a paywall for most of its content. Both are real legends and seem to really walk the talk. I really want to be in front of those customers! I give them the ability and the responsibility to deliver, and I give them great support and lots of guidance. So Don, my first question is whats been your main focus the past two months during Covid times and leading Mainfreight and global business? What else do we need to do to satisfy that bunch of customers? A licence from New Zealand Railways Corporation was needed to carry freight over 150km. But the excitement is justified. His father was a truck driver, but he says that didn't influence his career decisions. Although the pay is close to the industry median, overall performance is excellent, so we don't think the CEO is paid too generously. So it looks like Mainfreight compensates Don Braid in line with the median for the industry. For the latest updates on face to face courses and our safety planning see ourresponse to COVID-19 page. 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. He delivers on Mainfreights bold and expansive strategy while still bringing home the bacon for his shareholders. This analysis will also evaluate the appropriateness of CEO compensation when taking into account the earnings and shareholder returns of the company. Don Braid Don: For us, its not about the short game, its about the long game. Since the acquisition of the Wim Bosman Group the eurozone has spiralled to the brink of economic disaster, but 52-year-old Braid says doing business on the debt-ravaged continent is nothing other than an "exciting" prospect. 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. We note that the salary portion, which stands at NZ$2.20m constitutes the majority of total compensation received by the CEO. Mainfreight commenced operations in Auckland in 1978 and is the largest freight company in New Zealand. 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 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. [16] In 2020, CaroTrans Chile was re-branded as Mainfreight Chile. I could not get out of the car and go and meet a stranger to ask for the business and now I actually prefer to do that! +64 27 403 0148+64 9 905 4804Jill.Steffert@iod.org.nz, The Auckland Branch acknowledges the generous support of. This information will be used to measure the effectiveness of our advertising from various channels and to offer you personalised ads. 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. His first job after leaving school was as a clerk with the Shipping Corporation before he moved on to Sea Freightways and then Daily Freightways, which was sold to Mainfreight in 1994. With Covid, the New Zealand team would meet every day for the first four weeks during lockdown. 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. I suppose were grooming people all the time for those loaded leadership roles. So all the bureaucracy that goes on is increasing the amount of time that well see some of those things arrive. Don: I think its quite a long way off. Everyone stands on their own two feet. Copyright 2023 Institute of Directors Other Current Directorships: Information and Communication Services Limited (Chairman), Seronic (NZ) Limited, and his family companies. National's three waters policy is only cosmetically distinct from Labour's. Watson said she did not believe bonuses were a way. Weve made this article available for free. Zac: Im keen to understand what do you think are common reasons why many businesses fail to reach their maximum potential? What do those customers look for from us? In 2007, Mainfreight acquired Target Logistics, a United States based forwarder with 34 offices, and an extensive agent network. 11/5/2022 3:33 PM. Appointment to Board 2000 - With Mainfreight since 1994. You may withdraw your consent at any time. 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. [4] This operation was expanded with depots in Melbourne and Brisbane. Zac: Can you share what some of the great ideas youve actually brought from overseas have been? Zac: As the leader of Mainfreight, what do you personally focus on to get the team going in the right direction? And in applying that New Zealand blueprint to all regions, we knew we were pretty much in control. By using this website you consent to the use of cookies in accordance with our privacy policy. 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. As Chairman and Founder, Bruce shares his vision for the Company with the Mainfreight team, bringing a particular focus to quality and our culture. Previously, Don was a Political Columnist at Calgary Herald. The firm has earned a reputation within the market for being slickly-run. 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). He is highly respected and success-driven executive who has made Kiwibank fly when many thought it would struggle to get off the ground. In 2006 the New Zealand Mainfreight International and Owens International businesses were also merged to make Mainfreight Owens International Ltd (now Mainfreight International). Involved in the founding of Kiwibank before taking the top job, Knowles embraces challenge and thrives on delivering top results. As you get bigger, staff engagement and culture becomes more difficult. Don Braid's Phone Number and Email Last Update. 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. Also, such solid returns might lead to shareholders warming to the idea of a bump in pay. Experts say community investment is the future. Part of our recruitment process is to get them to go through the system and learn the business from the floor up: you start by pushing a broom or running documents to Customs. In 2003 Mainfreight bought Owens Group, one of New Zealand's largest trucking firms. Don: Sometimes I think people dont recognise or believe or have enough passion in what theyve developed. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. And then it was a matter of communication and staying in touch, making sure everyone was okay, making sure any questions were answered. "It's just a little rule that we've had because if they [analysts] keep calling us a trucking company they clearly haven't done their research.". 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. What have we got right? At Management Magazine, our focus is to inspire New Zealands business leaders and the managers of today and tomorrow to succeed. 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. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Braid has been a beneficiary of the meteoric rise in Mainfreight's share price. 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. [9], Within its announcement, the Mainfreight sad, "Wim Bosman is a well respected, profitable organisation which will provide Mainfreight with a significant European presence and opportunity to further grow its supply chain logistic services throughout the world. 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". Don: The recruitment of our people sits with the branch managers. I think weve done 17 to date since Covid and weve got another six or eight for the next two weeks just for New Zealand and theyve adapted. By the way, its not just about us seeing those numbers. Don Braid. Richard Prebble is by profession a lawyer. Mainfreight boss Don Braid sees fresh opportunities in China's Belt and Road initiative, writes Bill Bennett. PO Box 65092, Mairangi Bay, Auckland, New Zealand, Top 200 : Deloitte/Management magazine Executive of the Year Don Braid Clear Vision. Don: What we do is measure profit before tax at the branch level and that includes interest and depreciation. Our subscriptions start at $24 / month for individuals. Its Mainfreights style to offer career progression, giving people here a long-term career in the business, allowing them to find that space to develop the leadership traits. And thats that. Wed prefer to shake hands and know that our integrity and the way that we do business works with our partners long term. While many of its NZX-50 peers have entered a period of stagnation, Mainfreight - it seems - thrives on hard times. 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. He joined Daily Freightways in 1978, gaining a thorough grounding in all aspects of the business and eventually heading up . [3][4], When the company was founded it entered a highly regulated transport market. [2] In 1979, Bruce Plested partnered with Neil Graham, with Graham based in Christchurch and Plested in Auckland. Check out our latest analysis for Mainfreight. His visits to our local and overseas operations guide our teams to be sales-focused and always aiming for operational excellence. What havent we got right? As we noted earlier, Mainfreight pays its CEO in line with similar-sized companies belonging to the same industry. Simon has a long association with Mainfreight having served as the Companys main adviser for acquisitions, debt structure and other matters since 2003 (through Grant Samuel & Associates), prior to joining the Mainfreight Board. 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. So take a peek at this free list of interesting companies. They know that now and can alter those decisions as they head into the week in front of them. "You can imagine what they need to eat, drink and use," says Braid in the boardroom of Mainfreight's building in Otahuhu. 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. The company is growing EPS and total shareholder returns have been pleasing. 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. 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. "There's no bureaucracy or hierarchy or superiority in the business. Mainfreight Limited is a New Zealand logistics and transport company headquartered in Auckland. So a lot is about the long game. Richard has been elected a fellow of the Chartered Institute of Logistics and Transport. Don: It should be where your skills are. 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. Founded in 1969 as Dunedin Customs Brokers Ltd, DCB International provides international air and sea freight services from Dunedin. The NZ team, who had really done a great job through the Kaikoura and Christchurch earthquakes, quickly put together a plan on how to react. We were lucky enough to have a really incredible chat with Mainfreight CEO Don Braid about what he has learnt as the CEO of Mainfreight. Weve needed to adjust, particularly in the international sector, air freight charters rather than just normal air freight our people had never had any experience in chartering a full plane. He joined Daily Freightways in 1978, gaining a thorough grounding in all aspects of the business and eventually heading up that company. He is unquestionably our Deloitte/Management magazine Top 200 Executive of the Year. 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. Braid recalls with horror the memory of listening to a chief executive refer to her workers as "FTEs" - full-time equivalents - during a radio interview. Likewise, his strongly-held beliefs relating to the importance of education and of recycling/ sustainability, continue to positively shape the Companys behaviours. Rob Fyfe is the polished and personable face of the new lean and globally competitive Air New Zealand. Required fields are marked *. 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. Media enquiries Braid goes to great lengths to stress that the company's success is the result of the efforts of its entire, 5167-member "team" around the world. 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. "He's sporting and tough and makes decisions quite fast," Plested says. Even Europe's ongoing economic turmoil fails to dampen Braid's optimism, despite the Kiwi logistics operator having spent more than $200 million buying a Netherlands-based freight firm earlier this year, giving it a European footprint for the first time in its more than three-decade history. Braid said Mainfreight was on track to push close to the $2 billion sales mark by March next year. 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. Founded by NBR Rich Lister Bruce Plested, Mainfreight has become a global juggernaut on Braids watch. 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. "We've been in China for 20 years. Business in the Americas also saw an improved performance, with a 29.7% increase in profit to US$25.93m, with Mainfreight's air and ocean division benefiting from resurgent demand from customers and market share gains in the US. The long-term effects must be carefully studied. Brent had an extensive career in corporate communications and strategic consulting, including for a range of public listed companies.
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don braid mainfreight net worth