don braid mainfreight net worth

Zac: Don, what makes you good? So we have these 282 locations across 20 countries how do we get them each operating at their peak, every day? You need to have been there 12 months to earn the full bonus that everybody else gets. Despite international growth and success, Braid is passionate about keeping the company proudly Kiwi-owned and has been an outspoken voice on local transport and infrastructure matters. Likewise, his strongly-held beliefs relating to the importance of education and of recycling/ sustainability, continue to positively shape the Companys behaviours. Ideal traits we want to see in leaders are integrity, being trustworthy and capable of bottom up decision-making, not top down. 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. 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 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. [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. How Does Don Braid's Compensation Compare With Similar Sized Companies? This endeavor launched the first permanent investment into South America. Its important to be as flexible as we can to bring an offering that the customer requires during a really tough time. 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). 5 November 2019 - Mainfreight's Don Braid has reinforced his reputation as one of New Zealand's most successful executives, being named Executive of the Decade at the 2019 Deloitte Top 200 Awards in Auckland tonight (5 December 2019).Mainfreight was also named Company of the Year, sponsored by Deloitte Digital and Marsh. Is our service or a product still current? The company now expects to spend an additional $338m for property over the next two years, with $156m of that during the current financial year. 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. The reality is, this leadership team in New Zealand has been through the earthquakes and the GFC and now the pandemic. Agreement with print tech giant Canon saves college thousands. 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. We ask our people to recruit very good people with passion and energy; people good enough to become branch managers. Don Braid, Group Managing Director of Mainfreight Limited, was educated at Timaru Boys High School and has over 30 years experience in freight forwarding and logistics both New Zealand and internationally. BusinessDesk has a paywall for most of its content. Weve got examples of that in our business right now. Don Braid. 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. Its great fun. We applaud that; weve always paid every supplier on the 20th of the month following and we ask the same of our customers. 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. Director Profiles | New Zealand - Mainfreight 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. Zac: Aside from being in front of customers, what else do you spend your weeks focusing on as the global CEO of Mainfreight? Although the pay is close to the industry median, overall performance is excellent, so we don't think the CEO is paid too generously. Subscribe to protect quality NZ journalism. | We continue to be optimistic and we are bloody proud of our people who have delivered this record result.. In light of current trends, we will provide a nine-month trading update mid-February 2022. Media enquiries [16] In 2020, CaroTrans Chile was re-branded as Mainfreight Chile. He attributed the. Other Current Directorships: Information and Communication Services Limited (Chairman), Seronic (NZ) Limited, and his family companies. As we noted earlier, Mainfreight pays its CEO in line with similar-sized companies belonging to the same industry. Though his father was a truck driver, Timaru-born Braid cant recall being influenced by this. If salary dominates total compensation, it suggests that CEO compensation is leaning less towards the variable component, which is usually linked with performance. The worst thing we could do is slow them down with bureaucracy, making them tick a lot of boxes. 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. What havent we got right? What are their requirements? It has been listed on the New Zealand Exchange since 1996. That's just a smallish increase of 6.9% on last year. How do you maintain a positive culture and a time of crisis? The firm has earned a reputation within the market for being slickly-run. Shareholders would be glad to know that the company has improved itself over the last few years. 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. 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. | 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. If you trust your people, look after them and give them responsibility, theyll deliver. How do I gain more customers? 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. 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. Don: I think empathy is really important. New Zealand Shareholders' Association corporate liaison Des Hunt says Braid is one of the most effective listed company bosses in this country. "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. Dogged determination, drive and eternal optimism - they're all qualities Don Braid exudes. The Group MD & Director of Mainfreight Limited (NZSE:MFT), Donald Braid So take a peek at this free list of interesting companies. Everyone stands on their own two feet. Don: The culture is really important and our culture starts with those closest to the customer. In the leadup to the 2017 election, Braid said the country needed to be run by visionaries rather than a couple of accountants and he took aim at Nationals pledge to spend an extra $2.6b on Auckland transport. Braid has been a beneficiary of the meteoric rise in Mainfreight's share price. Chosen from New Zealand's top companies, this year's Deloitte . [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. Simply Wall St has no position in any stocks mentioned.Have feedback on this article? Mainfreight completes huge software roll-out, spanning A/NZ, US and Photo / Supplied . Wed prefer to shake hands and know that our integrity and the way that we do business works with our partners long term. 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. Founded by NBR Rich Lister Bruce Plested, Mainfreight has become a global juggernaut on Braids watch. The firm's shares have been one of the best performing stocks on the NZX, returning more than. With well-established locations that include China, Hong Kong, Taiwan, Malaysia, Thailand, Vietnam, Singapore, Japan and Korea, the Mainfreight global network continues to expand year over year. Its an intimate touch with the P&L; the weeklies tell us lot. We're trying to break all that down.". Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. 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. Your email address will not be published. On the Money: Tim Boyd he's back; James Lee he's leaving, and more New drugs could end the worlds obesity epidemic, Big plus for NZ schools and govt agencies, Growing wealth through our cities growth, Insurers call on government to seize the day, Smoke, mirrors and delay Nationals three waters policy, Former CentrePort CEO Liz Ward joins KiwiRail board. 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. So it looks like Mainfreight compensates Don Braid in line with the median for the industry. This Supreme Court Case Could Redefine Crime, YellowstoneBackers Wanted to Cash OutThen the Streaming Bubble Burst, How Countries Leading on Early Years of Child Care Get It Right, Female Execs Are Exhausted, Frustrated and Heading for the Exits, No Major Offer Expected on Childcare in UK Budget, Biden Gives Medal of Honor to Trailblazing Special Forces Member, Climate Change Is Launching a MutantSeed Space Race, UK Braces for Rare Weather Event That Risks Late-Winter Freeze, What Do You Want to See in a Covid Memorial? See ourstandard terms and conditionsfor more information. Although Plested remains the largest shareholder with a 16% stake worth $395m, Braids more modest 2.79% stake is still worth about $70m supplemented by annual remuneration of $2.2m in 2017. He joined Daily Freightways in 1978, gaining a thorough grounding in all aspects of the business and eventually heading up . Thats the key. Chief executive, Air New Zealand Theyll have the Mainfreight culture, but itll have a little twist for example, the culture in Shanghai is different to the culture in Newark or the Netherlands or Sydney. Mainfreight - Wikipedia Bryan has a wealth of experience, both in executive and board roles. 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. Don Braid, Group Managing Director of Mainfreight Limited, was educated at Timaru Boys High School and has over 43 years experience in freight forwarding and logistics both NewZealand and internationally. The CEO of Mainfreight Limited (NZSE:MFT) is Don Braid, and this article examines the executive's compensation against the backdrop of overall company performance. A licence from New Zealand Railways Corporation was needed to carry freight over 150km. Moreover, Don Braid also holds NZ$171m worth of Mainfreight stock directly under their own. Id also be really focused on being in touch with customers. He previously worked for the Otago Daily Times, after a return to business journalism in 2018. Brent is a senior reporter based in Queenstown. 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. Biography Don Braid, Group Managing Director of Mainfreight Limited, was educated at Timaru Boys' High School and has over 30 years' experience in freight forwarding and logistics both New Zealand and internationally.. "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.". Don Braid, Group Managing Director of Mainfreight Limited, was educated at Timaru Boys' High School and has over 43 years' experience in freight forwarding and logistics both New Zealand and internationally. "He never talks about himself and always talks about long-term goals," Hunt says. Mainfreight International was Mainfreight's first international sea and airfreight business and was started in 1984 by Bruce Plested's brother Gerald. While there was someone in the drivers seat, the computer took over the vehicle. Mainfreight's $43.9m 'family' bonus | BusinessDesk Mainfreight Half Year Financial Results 30 September 2021 - NZX And if you dont make a profit, theres no bonus that year. Leading reputation management consultant Noke Kiroyan says it is perfectly possible although not always easy to run a business in Indonesia without resorting to corrupt behaviour. Target has offices in 35 cities throughout the United States and an international network of agents in over 70 countries.[15]. Things are changing a little bit and everyones suggesting that its all going to go to eCommerce. You can be profitable and not collect the cash and go broke. 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. Wed rather own assets than lease them. "[8], In June 2013, Mainfreight launched a lawsuit seeking 11 million or $18 million against Wim Bosman Group's former owners. For further information, please contact Don Braid, Group Managing Director, telephone +64 9 259 5503, +64 274 961 637 or email don@mainfreight.com. He delivers on Mainfreights bold and expansive strategy while still bringing home the bacon for his shareholders. He is an outstandingly consistent and capable chief executive. 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. 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. [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. 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. [4] This operation was expanded with depots in Melbourne and Brisbane. Zac: Mainfreight is obviously a massive employer with almost 9000 staff across the world. [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. 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. Don Braid - newzealandinc.com 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. Zac: How do you prioritise where to spend your time in a normal week? And analysts have been warned that they "won't get a second interview" if they make that mistake of calling Mainfreight a "trucking company". Mainfreight's Don Braid rose above a solid field of finalists to be named New Zealand Herald Business Leader of Year. Founded in 1969 as Dunedin Customs Brokers Ltd, DCB International provides international air and sea freight services from Dunedin. Where should we open next? 2023: A year of trepidation unless you take control, Talking to 2022 Westpac Supreme Business Winner, Juliette Hogan, How Fix & Fogg are winning the hearts of Americans. And thats that. 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. Appointment to Board 2000 - With Mainfreight since 1994. 11/5/2022 3:33 PM. In the decade Braid has spent at its helm, the company has become a global logistics player with operations on every populated continent apart from Africa. That's ambitious, even . Don Braid is Managing Director/CEO at Mainfreight Ltd. See Don Braid's compensation, career history, education, & memberships. d***@mainfreight.com. Yes, wed committed an enormous amount of capital expenditure coming into this new financial year, but we were in good shape in that the balance sheet looks pretty good. Don: What we do is measure profit before tax at the branch level and that includes interest and depreciation. Typically modest about his achievements, the 57-year-old is always quick to acknowledge the team effort behind Mainfreights success. They know that now and can alter those decisions as they head into the week in front of them. 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. 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. So a lot is about the long game. Appointment to Board 2000 - With Mainfreight since 1994. In 2006 the New Zealand Mainfreight International and Owens International businesses were also merged to make Mainfreight Owens International Ltd (now Mainfreight International). Read More . 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. What are the things you do that maybe others dont do that actually make you lead this organization? Learn more. In 2008, the United States locations were re-branded as Mainfreight USA. 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. So what you produce in terms of profitability is real. His intellect and pragmatic approach is highly regarded at the Board table. Braid said Mainfreight was on track to push close to the $2 billion sales mark by March next year. 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 joined in 1994 and hes been on the board since 2000 and the CEO for a heck of a long time. Don: Theres been lots of things actually, like electric forklifts, the use of solar power Heres a good example: in New Zealand weve never had time clocks. "I just think that's disgusting," he says. 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. Mainfreight's net profit rose by $40.1m to $188.1m. Mainfreight boss bypasses 'profiteering' global shipping lines - Newsroom We got a taste of what was to come early in the piece with our Chinese business and seeing what they were going through. I suppose were grooming people all the time for those loaded leadership roles. Hamish. Who wouldnt want exposure to the retirement sector? Today he chairs a group of telecommunication companies. Don: With this event in front of us right now, I think cash is king, and the collection of cash. Managing director Don Braid said Covid-19 fully tested Mainfreight's resilience, but it also necessitated some fundamental commitments. So I think cashflow is king and Id be focused on that. I dont see this as a job, so therefore the stress levels arent as strong. Of course, you might find a fantastic investment by looking at a different set of stocks. What have we got right? He believes in fostering an innovative culture in the organisation and encourages top performances from his teams. But the excitement is justified. When it comes to capable, motivational and effective leadership Sam Knowles delivers with interest. Look after your people and theyll look after the business. This article by Simply Wall St is general in nature. don@mainfreight.com; Profile. Musk Made a Mess at Twitter. 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).

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