don braid mainfreight net worth

He is highly respected and success-driven executive who has made Kiwibank fly when many thought it would struggle to get off the ground. What are the things you do that maybe others dont do that actually make you lead this organization? Mainfreight was founded on 6 March 1978 by Bruce Plested who started the company with just $ 7,200 and a 1969 Bedford truck. | document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Copyright 2023 | Business Changing Ltd. | Website by Casual Fridays. 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. And thats that. In 2003 Mainfreight bought Owens Group, one of New Zealand's largest trucking firms. Braid has earned a reputation within the market as a straight talker and one of the most effective NZX-50 bosses. He has also lent his considerable support to not-for-profit organisations such as the Starship Foundation. I will definitely be following the Mainfreight progress closely for when I return to NZ. He joined Daily Freightways in 1978, gaining a thorough grounding in all aspects of the business and eventually heading up . 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. Mainfreight managing director Don Braid. And I think ultimately, yes, Im responsible for the business, but I enjoy what I do and having great people and a good lifestyle where I can stay fit and have some fun means the stress levels arent that high. Thats the best way of being able to manage an event like were in right now, but Id say its the best way to run a business at all times.We have some really good systems. Mainfreight was founded on 6 March 1978 by Bruce Plested who started the company with just $7,200 and a 1969 Bedford truck. 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. So it looks like Mainfreight compensates Don Braid in line with the median for the industry. Possibly more important for its team of 8,000, the firm more than doubled its Christmas bonus for 2020, from $5.35m to $11m. Media enquiries Look after your people and theyll look after the business. And then it was a matter of communication and staying in touch, making sure everyone was okay, making sure any questions were answered. 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. Zac: Don, if you owned your own SME business at the moment, what would you be focusing on going forward to be as successful as you could be under this environment? Where do we need to be? 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]. Bruce Plested, the firm's executive chairman who founded the company in 1978 with $7200 and a 1969 Bedford truck, recalls the day in 1994 when Braid - then a Freightways Group employee - had the job of pitching its Daily Freightways business to Mainfreight, which it acquired that year. 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. Like most Kiwi business leaders, Braid is self-effacing and doesn't fancy talking to journalists about his life outside the company. You know, people arrive when they arrive and they leave when they leave. 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 natural protection for earnings. While many companies have been battening down the hatches this year, Mainfreight has been on the acquisition trail - purchasing a Netherlands-based freight business which operates in Belgium, France, Romania and Poland and Russia. But the excitement is justified. Its about making sure they dont lose the disciplines that make us who we are but embracing them as people delivering for our customers. 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. His company has been a shining example of success amid tough global economic conditions. [16] In 2020, CaroTrans Chile was re-branded as Mainfreight Chile. Out of that, I think weve got the culture really starting to develop. 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. Read More . "We were exposed to Covid-19 quite early in the piece, probably earlier than many others because of our operations in China. So it doesnt matter whether youre loading freight, taking customer service calls, out making sales calls, or an operations transport manager, you understand those disciplines early on in the piece. Mainfreight's $43.9m 'family' bonus | BusinessDesk Your email address will not be published. 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 Mainfreight completes huge software roll-out, spanning A/NZ, US and Mainfreight is the fourth largest company in NZ, doing over $3 billion in sales and over $300 million in EBITDA, with physical assets of $1.5 billion and debt of less than $200 million. Richard Prebble is by profession a lawyer. Forsyth Barr analyst Rob Mercer said the market had confidence in Mainfreight after it managed to grow revenue and market share and outperform its peers during the global financial crisis. 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]. He has an enviable track record of integrity and professionalism and wide ranging business experience. The price of the rights fell as low as 7.5 cents on the last day of trading. I might get a little bit wound up about stuff, a bit passionate about things, but I think you cant get so involved that you think about nothing else. 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. Brent had an extensive career in corporate communications and strategic consulting, including for a range of public listed companies. 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. Mainfreight is the fourth largest company in NZ, doing over $3 billion in sales and over $300 million in EBITDA, with physical assets of $1.5 billion and debt of less than $200 million. Mainfreight commenced operations in Auckland in 1978 and is the largest freight company in New Zealand. Is our service or a product still current? Where should we open next? Don Braid. 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 reality is, this leadership team in New Zealand has been through the earthquakes and the GFC and now the pandemic. To join your company account for BusinessDesk and enjoy full access, Us taking away that clock was about responsibility and about taking away that control from head office. Hes the right man for the job at just the right time. Not living as a question mark but instead getting on with it and making those decisions. Rapper, chef and author Action Bronson takes us on a journey from his early days at culinary school, to releasing critically acclaimed albums, to writing books, starring in TV shows and building an iconic brand around his favorite interests. [3][4], When the company was founded it entered a highly regulated transport market. Mainfreight declares flat dividend, hands back $11m wage subsidy Don: I think its quite a long way off. 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. What we put in place here in New Zealand became the blueprint for the organization around the world. I guess whats annoying is that we have got to wait for an election year to get this kind of stuff. BRAID, Don - NBR | The Authority since 1970 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. Were thinking about being around for a hundred years. So the weekly P&L puts them on the spot. 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. 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. As Group Managing Director of Mainfreight Limited - one of New Zealands largest freight companies - Don Braid joins us to share key insights for directors into the changing patterns of these chains and what the future may hold. 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. How do you maintain a positive culture and a time of crisis? 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.

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