While institutions invested in Mainfreight Limited (NZSE:MFT) benefited Ready Fire Aim: The Mainfreight Story - Google Books He imagines he follows the rules but still gets "hauled off to a concentration camp". He has also been involved in organisations outside Mainfreight, notably TUANZ when it was lobbying for a national fibre network a decade ago, and as the current chair of Duffy Books in Homes. The company was founded by Bruce G. Plested in 1978 and is headquartered in Auckland, New Zealand. 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. The Board of Directors typically meet once a month for Board meetings. [3] [4] When the company was founded it entered a highly regulated transport market. Small company shows how the power of digital can transform lives. As Chairman and Founder, Bruce shares his vision for the Company with the Mainfreight team, bringing a particular focus to quality and our culture. Together we believe that for our tamariki "Anything is Possible.". Reporting directly to the CEOfirst to founder Bruce Plested, and then to Don Braidhe has been involved in every milestone of a business that has largely grown through acquisition. Plested's. 4 reasons to get excited about Mainfreight (NZE: MFT) shares 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 . Current positions of Bruce Plested Holdings of Bruce Plested Bruce Plested : Personal Network 04/04 In one example, the company had spent $20 million on an accounting system and had 50 people in its finance team. Richard Prebble is by profession a lawyer. Small company shows how the power of digital can transform lives. This article by Simply Wall St is general in nature. He built a billion-dollar logistics business, starting with a single Bedford truck in the 1970s. Facilities for the wider boating community were, he said, a big plus on Waiheke. 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. "It turned out to be the best money they ever made, Plested admits. Mainfreight group managing director, Don Braid, (l) and chairman, Bruce Plested. The context, as both recall, was the murder of a child. 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. "Five-figure sums," Baigent said last year. Reminder, this is a Premium article and requires a subscription to read. Director Profiles - Mainfreight The broad rally seen over the previous three trading days also petered out. Plested gave the charity $250,000 in 1998, which Duff used to buy shares in the company. Everyone can see the bottom line and everyone understands what it means for the company and for themselves. His career has seen him develop or be closely involved with 18 marinas including pua in the Bay of Islands, rkei, Whangamata, Bayswater, Whangaparaoa's Gulf Harbour, Bucklands Beach, Westharbour, Pine Harbour, Tutukaka, Whitianga, Wellington's Mana Marina, Shute Harbour in the Whitsundays, Townsville and Abell Point in Queensland, Fiji's Musket Cove, at Canada's Songees and Santosa Island and at Singapore's Sentosa. 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). He says Plested's motivation mixes incentives with responsibility. The project is downsized from the original plans. Chia Sisters introduces game-changing drinks packaging taking inspiration from an unexpected sector. report on analyst forecasts for the company. On 11 June 2007, Mainfreight 'signed a call option deed' to purchase the entirety of the shares of Australian-based Halford International. You wont get many consultants that tell you to build a bespoke system.. The cheapest berths went for $180,000. Mainfreight chairman Bruce Plested has again used the company's annual report to speak out on social inequality, asking if sharing a percentage of profits among the people who helped create them . Mainfreight founder turns eye to social and environmental issues - Stuff 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. She says: "He can talk to people, of course the secret to doing that is being a good listener.". "My involvement in these marina projects resulted in the sale of over 6000 marina berths.". She says Plested learned his management style growing up in blue collar Grey Lynn with Maori and Pacific neighbours. . Mainfreight commenced operations in Auckland in 1978 and is the largest freight company in New Zealand. Exit interview: Mainfreight CIO shares tech insights before signing off Photo / NZME. Insights Newsletter. Alternatively, email editorial-team (at) simplywallst.com. [2] In 1979, Bruce Plested partnered with Neil Graham, with Graham based in Christchurch and Plested in Auckland. However, high insider ownership can also give immense power to a small group within the company. Located in a very diverse region rich in assets, not only geographically (relief, climate), but also economic and human, the Lyon-Grenoble Auvergne-Rhne-Alpes is the latest INRAE centre to be created. It's all part of the firms celebrated Mainfreight way. Brad Greer - National Business Development Manager - Mainfreight - LinkedIn In 2001, Mainfreight's management decided that technology needed a global role, and Drinkwater became CIO. Bruce would make sure there was a roast dinner laid on for everyone who helped.". During his tenure, Drinkwater has witnessed huge changes in technology. Port of Tauranga was up 4c to $7.30, and Marsden was down 3c to $6.02. "I've always been interested in education. Precinct Properties reported a full-year revaluation gain of $284m including the $148.5m increase recognised at the end of December. When an insider holds a sizeable amount of a company's stock,. The lack of enthusiasm for digital subjects may be because teachers dont have the expertise or passion for technology, and a way to solve this problem could be to have expert teachers come into the schools and teach block courses. Reporting directly to the CEOfirst to founder Bruce Plested, and then to Don. To help pay the bills on time, Plested gave the charity a $500,000 interest-free loan in 2020. In May, the. Plested is a thinker. Currently, he is Executive Chairman at this company and Chairman of Mainfreight GmbH (a subsidiary of Mainfreight Ltd.). It also has investments in Z Energy and a portfolio run by Fisher Funds. Mair is using Swedish technology from a floating marine business in Gothenburg. Mainfreight boss asks should profit sharing with staff be essential The Founding Owner & Executive Chairman of Mainfreight Limited (NZSE 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. Mainfreight 5 years 8 months National Sales Manager Apr 2021 - Present2 years 1 month New Zealand Sales Manager Jan 2020 - Apr 20211 year 4 months Auckland, New Zealand Account Manager Apr 2018 -. Mair is the youngest of three. People from the outside that take your watch and tell you how to read the time. In May 2011, Mainfreight established a CaroTrans branch in Santiago, Chile. [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. It's the answer to poverty," says Mainfreight co-founder Bruce Plested. Liked by Tansy Austin. Tilt's share price edged ahead 2c to $8.02. They make their own decisions and have autonomy, but they want 'Dad' to be happy with them. The general public, mostly retail investors, hold a substantial 51% stake in Mainfreight, suggesting it is a fairly popular stock. Mainfreight commenced operations in Auckland in 1978 and is the largest freight company in New Zealand. A good Samaritan. Berths are 10m, 12m, 14m and 16m: "When I started, the average berth length at Westharbour around 1980 was 9m but now the average is 18m.". transactions overall, the S&P/NZX 50 Index drifted, closing on its low for the day at 12,518.01, down 48.49 points or 0.39 per cent. Nearly a third of the trading value was in Mainfreight, which fell $1.80 or 2.33 per cent to $75.30. Our data suggests that Bruce Plested, who is also the company's Top Key Executive, holds the most number of shares at 15%. Braid says over the years the chairman has designed a philosophy to run the company. 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. In 2006 when we created our new data centre, I was concerned there wasnt enough room in that footprintits not much bigger than a meeting room. The Mairs enjoyed sailing and fishing. Profile. Thats why we divide the profit at the branch evenly. He imagines he follows the rules but still gets "hauled off to a concentration camp". That will then be pumped into 110,000-litre tanks under the about-to-be-built wharf for treatment "and then taken away", Mair says. He is also fast-moving. It isnt only schools that lack technology know-how, its also company boards, where Drinkwater says they are often led by consultants.