bruce plested, mainfreight

During his tenure, Drinkwater has witnessed huge changes in technology. Last period it bought $2.88m worth of them. As Nassim Nicholas Taleb said, 'Dont tell me what you think, tell me what you have in your portfolio. Plested gave the charity $250,000 in 1998, which Duff used to buy shares in the company. Exit interview: Mainfreight CIO shares tech insights before signing off When the company was founded it entered a highly regulated transport market. [13] The transaction was completed on 6 June 2007. During that time the business has expanded its operation into 26 countries and its staff count has grown from 80 to 8,600. Meal kit company My Food Bag rose 6c or 4.26 per cent to $1.47 after telling the market it will be using social enterprise firm GoGo's carbon footprint tracker app. Duffs confidence in Mainfreight has led to the charity taking a large stake in the company. Tony recalls "what we used to call the gut boat", filled with rubbish from boats, discharging near the Rangitoto Island lighthouse. That while in theory its possible to scale up and down when using public cloud, in reality the latter almost never happens. We have to make decisions based on five or ten years, which means often well pay for more now, before we need it, but knowing that we will need it, he says. SUPPLIED Bruce Plested - founder of Mainfreight - has fired a salvo about social issues facing New Zealand ahead of national elections. Founded 2,000 years ago, Lyon's streets are a living museum, with beautiful historical buildings and interesting art galleries and museums. The broad rally seen over the previous three trading days also petered out. Mainfreight - Wikipedia Insider ownership is positive when it signals leadership are thinking like the true owners of the company. Precinct Properties reported a full-year revaluation gain of $284m including the $148.5m increase recognised at the end of December. Despite continued strong volume of Today's top 343 Engineer jobs in Grenoble, Auvergne-Rhne-Alpes, France. Send your RSVP to . Find out The government must focus on supporting exporters to innovate. [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. Braid says Mainfreight is a strong believer that people can make mistakes, but though Plested can be a tolerant manager, Braid says there's nothing loose about the way the business is run: "Bruce has an eye for detail.". After the 1987 sharemarket crash and the firm's end, Mair founded a construction company and built the wharf in the Chatham Islands, and got the contract to repair thousands of metres of wharves in Auckland and Onehunga, including at the naval base. When such a trade goes wrong, multiple parties may compete to sell stock fast. Nearly 30 years ago the billionaire helped kick-start the Duffy Books in Homes programme, along with writer Alan Duff and philanthropist Christine Fernyhough. Mainfreight executive chairman Bruce Plested is the winner of the Deloitte Top 200 Visionary Leader 2014 Award. "Some of it comes from within, some comes from experience, knowing what works and what doesn't. Working with Ngti Poa Iwi Trust Board and others in the community are aspects he takes pride in. Our information suggests that insiders maintain a significant holding in Mainfreight Limited. Selwyn has worked with Plested for 41 years, since before he started Mainfreight. Liked by Brad Greer. But David Baigent of marina opponents SKP Inc describes the project as "an offensive, elitist edifice". For more information, please visit our cookie statement. 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). In 2008, the United States locations were re-branded as Mainfreight USA. Copyright 2023 IDG Communications, Inc. Here, he shares the lessons of his career with CIOs everywhere. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. The government must focus on supporting exporters to innovate. From our data, we infer that the largest shareholder is Bruce Plested (who also holds the title of Top Key Executive . All subscriptions auto renew but are easy to cancel. Last year, CoGo partnered with Westpac to promote its carbon tracker to the bank's customers. Daniel Plested - National Sales Manager - Mainfreight | LinkedIn At the time Plested said he just wanted to say thank you to the people who had given him so much. The Clermont-Auvergne-Rhne-Alpes Centre brings together the units located in the Auvergne region, from Bourbonnais to Aurillac via Clermont-Ferrand, with 14 research units and 14 experimental facilities, representing 840 staff (permanent and contractual staff). Understand how edge computing is transforming business performance, Exit interview: Mainfreight CIO shares tech insights before signing off, dtSearch - INSTANTLY SEARCH TERABYTES of files, emails, databases, web data. He imagines he follows the rules but still gets "hauled off to a concentration camp". Mainfreight group managing director Don Braid says: "The $1000 gift was unexpected, but in a way it came as no surprise to those who had worked with Bruce for some time. The philanthropist was recognised at the New Zealander of the Year awards. "In more recent times I just read business books, which is quite naughty, he adds. Plested got in touch with Duff after seeing the writer in a documentary, talking about the state of New Zealand. Bruce is also someone I admire. The Mainfreight founder also has a social conscience. Spy: Stunning seaside wedding - Entertainment News - NZ Herald [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. It's all part of the firms celebrated Mainfreight way. Subscribe to our free 7am Headlines newsletter. Nearly a third of the trading value was in Mainfreight, which fell $1.80 or 2.33 per cent to $75.30. Marina services will run in hollow shafts within the new pontoons, bringing power, fresh water and fibre for communications and security cameras to each berth. Mainfreight listed on the NZX in 1996 Mainfreight was founded on March 23, 1978 by Bruce Ples Our data reflects individual insiders, capturing board members at the very least. We were spellbound.. Mainfreight is a global supply chain company that prides itself for having "special people, special company" . Luke Carran on LinkedIn: Per Angusta Ad Augusta. Many of us here believe in the same principles, we're here for the long term. 4 reasons to get excited about Mainfreight (NZE: MFT) shares The company was founded in New Zealand in 1978 and used a series of acquisitions to fuel an international growth strategy. They had a total of 1,540,506 employees among them. The company is led by founder Bruce Plested and managing director Don Braid. Composition of NZX50 Boards nzmarketinsights Brad Greer - National Business Development Manager - Mainfreight - LinkedIn In 1979, he was asked to build a new marina at Westharbour (now called Hobsonville Marina). The government vs Mainfreight. People expect more, boats got bigger. Brothers David and Kerry are also involved in the boating and marine sectors. [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. Boats will discharge into facilities at the bay end of the marina. Mainfreight founder Bruce Plested is on the cusp of joining New Zealand's tiny list of billionaires as the global logistics empire he built soars to new heights. It's no use just giving people more money.. What Kind Of Shareholders Hold The Majority In Mainfreight Limited's NZ companies are well below the global aspirational target for charitable giving. The companys annual report has become a must-read for Plesteds chairmans statement. What sort of money? [2] In 1979, Bruce Plested partnered with Neil Graham, with Graham based in Christchurch and Plested in Auckland. Weve probably trebled in size since then, yet were still using the same footprint. [3][4], When the company was founded it entered a highly regulated transport market. See more CEO Insights Newsletter. Northport, a joint venture between Port of Tauranga and Marsden Maritime Holdings, is spending $8m on container infrastructure as volumes increase. "I don't look at myself as a developer. Bruce is a one-off," Duff said. This size of ownership gives retail investors collective power. Two sizes of cannonballs emerged, he says, possibly fired around the 1840s to 1860s when boats discharged their arsenal once they sailed into what were peaceful harbours. Mair said another drilling rig would arrive shortly. Much closer on the horizon are electric trucks. Mair said he had grown up at Stanley Point in the 1950s, had developed around 18 marinas here and overseas and is vowing to carry on. Other Current Directorships: The High Court has backed the sale of Tilt Renewables to Powering Australian Renewables (owning the Australian business) and Mercury Energy (taking over the New Zealand business), and Tilt shareholders will meet on July 14 to vote on the deal worth $8.10 a share. He imagines he follows the rules but still gets "hauled off to a concentration camp". This morning in assembly, we had the privilege of having two distinguished Old Boys do a panel - Peter Thompson '76, Managing Director of Barfoot & Thompson, and Bruce Plested '55, Executive . Mainfreight's Competitors, Revenue, Number of Employees, Funding Or use the information youve already given Google to create your subscription. He is fiercely proud of the Mainfreight culture seeing this as a key reason customers choose Mainfreight over the competition. Whilst describing the foundation of Mainfreight in 2000, Plested said to the New Zealand Herald, "We moved all our freight by sea between Auckland, and Christchurch and Dunedin, and we worked weekend shifts to make sure we loaded and unloaded the ship using the whole of the seven days - we found that was faster and more reliable than our big competitors."[4]. Mainfreight on LinkedIn: Northlake Warehouse Currently, he is Executive Chairman at this company and Chairman of Mainfreight GmbH (a subsidiary of Mainfreight Ltd.). "It's no use just giving people more money." Plested's early home life was a book-filled one, and his mother would always read to her two sons. Mainfreight commenced operations in Auckland in 1978 and is the largest freight company in New Zealand. They put it up for sale in 2012 with an asking price of. The wharf is expected to cost between $173m-$190m. Few other business leaders think in terms of a 100 years or so. While they have used off-the-shelf solutions (or packages, as he describes them), Drinkwater says these often dont meet the needs of the business. She says Plested learned his management style growing up in blue collar Grey Lynn with Maori and Pacific neighbours. It's grotesque if you see what they're trying to do," Plested said of Tony Mair's 186-berth marina proposal for Putiki Bay, Kennedy Point. In the process, Bruce Plested has become one of New Zealand's latest billionaires. Mainfreight founder Bruce Plested battling Waiheke Island marina "It is all about visionary leadership. Get in touch with us directly. Drinkwater started at Mainfreight in 1986 as its financial controller, and he has held several roles, including in sales and warehousing in New Zealand and the US. Mainfreight founder Bruce Plested says businesses can help solve inequality and low wage growth through profit sharing with employees, which this year cost the company $27 million. This is a world where budgets are deemed 'bullshit'. Mainfreight commenced operations in Auckland in 1978 and is the largest freight company in New Zealand. Thats why there are so many packages out there, because consultants find it easy to sell packages. The pitch, the house, and much of the bay belong to Kiwi businessman, philanthropist and sports fan Bruce Plested, a founder of the Mainfreight freight company. Insiders At Mainfreight Have Bought Stock Recently Over the last three months, we've seen significantly more insider buying, than insider selling, at Mainfreight. Mainfreight founder and chairman Bruce Plested. 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. Alternatively, email editorial-team (at) simplywallst.com. Notably, sometimes top-level managers are on the board themselves. Mainfreight dominated the trading on the New Zealand sharemarket after it was revealed that its chairman Bruce Plested sold $75 million worth of shares in the transport and logistics company. You can click here to see if those insiders have been buying or selling. Mainfreight founder says bonuses help solve inequality and - Stuff Ryman Healthcare increased 28c or 2.17 per cent to $13.18; Turners Automotive picked up 14c or 3.33 per cent to $4.34; Evolve Education recovered 3c or 3.49 per cent to 89c; NZX was up 5c or 2.44 per cent to $2.10; and NZME gained 2c or 2.74 per cent to 75c. 2 Trust's extensive shareholding at $75 a share. Mainfreight was founded in 1977 by the visionary Bruce Plested, who set out to make the company a family, a team, where everyone has a share in the riches and where the word 'management' is banned. The project was sold by South British Insurance to Wilkins & Davies. Our data suggests that Bruce Plested, who is also the company's Top Key Executive, holds the most number of shares at 15%. "Completion of the whole project will be at the end of next year," Mair said. This past Friday marked my final day with Mainfreight. Richard has been elected a fellow of the Chartered Institute of Logistics and Transport. madness, quite extreme. He was later joined by Neil Graham. At Mainfreight we all eat at one big long table.". Likewise, his strongly-held beliefs relating to the importance of education and of recycling/ sustainability . Drinkwater says that in all the companies Mainfreight has acquired, the computer systems were inadequate. -Warehouse BDM / ()_Warehouse BDM / () Mainfreight - Alchetron, The Free Social Encyclopedia Dynamic Business: Visionary leader - Bruce Plested, Mainfreight In 2001, Mainfreight's management decided that technology needed a global role, and Drinkwater became CIO. The TimeOut Charitable Trust connects holiday homeowners with the terminally ill and their families, offering them a chance to make lasting memories together. Check out our latest analysis for Mainfreight. Director Profiles - Mainfreight Port of Tauranga was up 4c to $7.30, and Marsden was down 3c to $6.02. Stay informed on business, government and financial developments across New Zealand from our team of 27 journalists. Napier Port held an institutional investor day and rose 14.8c or 4.52 per cent to $3.42. Profile. He is most proud of his professional qualifications. In his 35-year career, Kevin Drinkwater has seen tremendous change and many fads. We will remind you three times before charging you. Leverage your professional network, and get hired. While studying institutional ownership for a company can add value to your research, it is also a good practice to research analyst recommendations to get a deeper understand of a stock's expected performance. 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. Last Saturday, the picturesque $23 million ocean-front farm owned by Mainfreight boss Bruce Plested, whose wealth NBR estimated at $270m last year, was used for a family affair. Check out their presentation - https://bit.ly/3BAWpSs #mainfreight # . He was also involved in maritime projects in Singapore, Malaysia and Borneo followed. Other Current Significant Directorships and Trusteeships: BUPA ANZ Pty Limited (Chairman), Adherium Limited, Clearspan Limited, Thinxtra Australia, Starship Foundation, Massey University Foundation. We note that hedge funds don't have a meaningful investment in Mainfreight. For six years, he has fought to build an Auckland marina adjacent to SeaLink's vehicle ferry terminal and breakwater on Waiheke Island. Greg Hurrell left a journalism career to work around the Middle East for 23 years and returned to New Zealand full-time in 2020.
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