Banana Pudding With Eagle Brand Milk, Logan Webb 2022 Contract, Articles D

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). document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Copyright 2023 | Business Changing Ltd. | Website by Casual Fridays. National's three waters policy is only cosmetically distinct from Labour's. [2] In 1979, Bruce Plested partnered with Neil Graham, with Graham based in Christchurch and Plested in Auckland. Where do we need to be? Don: I get out of the way. Brent had an extensive career in corporate communications and strategic consulting, including for a range of public listed companies. "He never talks about himself and always talks about long-term goals," Hunt says. Our subscriptions start at $24 / month for individuals. While there was someone in the drivers seat, the computer took over the vehicle. 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. We aim to bring you long-term focused analysis driven by fundamental data. Private parking spaces are also banned at Mainfreight - the group managing director has to find himself a spot in the carpark each morning after he drives through the front gate. [11], Since 2011, Mainfreight, under the Wim Bosman name, have opened new branches in Bergen op Zoom in The Netherlands, Cluj-Napoca in Romania, Frankfurt and Gelsenkirchen in Germany, London in United Kingdom, and Pozna/Lubo in Poland. 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. Your email address will not be published. As a Government Minister, Richard was responsible for creating SOEs, deregulating telecommunications and broadcasting, reforming ports, airports, railways and aviation. Mainfreight managing director Don Braid, left, and founder and chairman Bruce Plested who says businesses should share profits with workers. And he should know, having spent his entire working life in the freight industry. 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. Boards have a key role to play in the wake of any crisis. After leaving Timaru Boys' High School Braid joined the New Zealand Shipping Corporation as a clerk in 1976. 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. So Don, my first question is whats been your main focus the past two months during Covid times and leading Mainfreight and global business? 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. [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. What else do we need to do to satisfy that bunch of customers? He's got plenty of charm if he wants to have it and his leadership skills just stand out - people want to stand next to him.". 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. 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. And what do you believe leaders need to excel at? More importantly, the people in those branches know what they did last week, and which were the right decisions or the wrong decisions. "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. 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.. 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. "I probably wasn't qualified enough to go to university," Braid says. Don Braid. It only represents a small part of our revenue, but . [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. You need to have been there 12 months to earn the full bonus that everybody else gets. Don Braid. By becoming a supporter, you'll be helping us expand our independent journalism for the business community. "I think I've always enjoyed business, from an early age, so to be involved like I am today has been great. We dont call them staff for us, they are our people or our team. In 2003 Mainfreight bought Owens Group, one of New Zealand's largest trucking firms. Its great fun. To trust your people too, to give them the responsibility. How Does Don Braid's Compensation Compare With Similar Sized Companies? 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. Bruce would be the first person to say he needed to have great leadership following him if he wanted to bring his hundred year vision to life. They love this as it makes them feel supported and that I understand their role. For us its about pushing the decision-making as close to the customer as possible, getting those people to make decisions rather than pushing them upstairs for someone else to make. As a Kiwi living in England and studying management currently, I have really enjoyed reading this interview. COVID-19 has had a significant impact on freight and supply chains worldwide. I think its about ready-fire-aim: making sure were steady, allowing decisions to be made, and shaking them up as we get on. Copyright 2023 Institute of Directors The Mainfreight board is intent on doubling revenue to $2 billion by 2015, mostly from international earnings, and Mr Braid envisages at least 500 branches before too long. He is an outstandingly consistent and capable chief executive. He joined Daily Freightways in 1978, gaining a thorough grounding in all aspects of the business and eventually heading up . For the latest updates on face to face courses and our safety planning see ourresponse to COVID-19 page. The company posted record earnings and revenue for its last full year and has continued to break records this financial year. 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. The long-term effects must be carefully studied. We have been monitoring government updates regarding COVID-19 and are keeping up to date with Ministry of Health guidance with regard to events and public gatherings. For further information, please contact Don Braid, Group Managing Director, telephone +64 9 259 5503, +64 274 961 637 or email don@mainfreight.com. | [7] This takeover was in response to the purchase of Tranz Rail by Australian transport firm Toll Holdings. Zac: Don, what makes you good? Once it became a global pandemic we needed to react and adapt as quickly as we could. 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. Alternatively, email editorial-team@simplywallst.com. Photo / Supplied . Although the pay is close to the industry median, overall performance is excellent, so we don't think the CEO is paid too generously. Don: We do weekly reporting on a Monday so you always understand how well youve gone across the business and across the network. This strong performance might mean some shareholders don't mind if the CEO were to be paid more than is normal for a company of its size. Don: I think empathy is really important. Managing director Don Braid said Covid-19 fully tested Mainfreight's resilience, but it also necessitated some fundamental commitments. So take a peek at this free list of interesting companies. What have we got right? 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. 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. I really want to be in front of those customers! 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. Today he chairs a group of telecommunication companies. Both are real legends and seem to really walk the talk. 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. Our data indicates that Mainfreight Limited is worth NZ$4.0b, and total annual CEO compensation was reported as. Don has over 40 years experience in the freight industry, including 26 with Mainfreight. 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. I suppose were grooming people all the time for those loaded leadership roles. Mainfreight shareholders would be similarly pleased. 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. Appointment to Board 2000 - With Mainfreight since 1994. Target operate domestic and international time-sensitive freight-forwarding and logistics services through its wholly owned subsidiary, Target Logistic Services. To join your company account for BusinessDesk and enjoy full access, It has been listed on the New Zealand Exchange since 1996. 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. Plested says that within a few months of the firm's acquisition of Daily Freightways, which became Daily Freight under Mainfreight ownership, he came to recognise Braid's strengths. Regrettably, registration fees cannot be refunded when cancellations are received within two working days prior to any branch event. New Zealand-based logistics giant Mainfreight is celebrating the roll-out of two new custom-built enterprise software platforms, dubbed Mainmove and . In his results commentary, Braid said the results were pleasing in light of initial supply chain disruptions during the early part of the year, on the back of lockdowns in response to the global pandemic. It doesnt matter what the worlds thrown at them, theyve shown they are capable of dealing with it. His company has been a shining example of success amid tough global economic conditions. The Biosecurity Business Pledge group has launched two new biosecurity guides. Read More . 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. [13] The transaction was completed on 6 June 2007. You cant see yourself as an employer of 8500 people. So youre not only giving them a responsibility for the P&L, but youre also giving them the responsibility of whos going to join our family. Rob Fyfe is the polished and personable face of the new lean and globally competitive Air 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 natural protection for earnings. You can follow him on Twitter, New tourism plan sidesteps immigration elephant, Mortgage arrears up as rates start to bite, Investors queue up ahead of Du Val liquidity events, Affordable housing levy sparks fear and loathing in Queenstown. "He never moans about the currency and is always positive.". If were going to build facilities for our people, we build very good facilities to be around for a long time. Braid has earned a reputation within the market as a straight talker and one of the most effective NZX-50 bosses. We got a taste of what was to come early in the piece with our Chinese business and seeing what they were going through. | The government is pushing really hard for the major New Zealand companies to pay their suppliers on time, within 30 days. Check out our latest analysis for Mainfreight. It's interesting to note that Mainfreight allocates a smaller portion of compensation to salary in comparison to the broader industry. 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. Chosen from New Zealand's top companies, this year's Deloitte . As weve matured and grown around the rest of network, were now learning things that we can bring back to New Zealand. Though his father was a truck driver, Timaru-born Braid cant recall being influenced by this. Insurers support an immediate managed retreat for recent flood victims. He is highly respected and success-driven executive who has made Kiwibank fly when many thought it would struggle to get off the ground. So what you produce in terms of profitability is real. As we noted earlier, Mainfreight pays its CEO in line with similar-sized companies belonging to the same industry. What are the things you do that maybe others dont do that actually make you lead this organization? Don joined in 1994 and hes been on the board since 2000 and the CEO for a heck of a long time. Musk Made a Mess at Twitter. If salary dominates total compensation, it suggests that CEO compensation is leaning less towards the variable component, which is usually linked with performance. How do you maintain a positive culture and a time of crisis? Hes the right man for the job at just the right time. Weve sort of tucked on the back of some trials in Europe and in the States where they were running in threes and fours behind each other, all connected by a computer. 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. Don: Its been interesting! 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. Thanks for your comments about Don Braid and Mainfreight. [4] In 1998, Mainfreight acquired Australian freight forwarder ISS Express lines, subsequently establishing an Australian international freight business. Don has over 40 years' experience in the freight industry, including 26 with Mainfreight. It has largely grown earnings and revenue since 2008 and tripled its share price between early 2009 and today. I'm pleased I didn't do anything else.". Target has offices in 35 cities throughout the United States and an international network of agents in over 70 countries.[15]. 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. Who wouldnt want exposure to the retirement sector? The firm's Australian domestic freight and logistics division, Mainfreight Distribution, began operations in 1989, with an operation in Sydney. I feed off that and suppose the people in our business like seeing that and see it as an example and follow. Save my name, email, and website in this browser for the next time I comment. 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. "You can imagine what they need to eat, drink and use," says Braid in the boardroom of Mainfreight's building in Otahuhu. He likes to surround himself with clever, energetic people who are equally as dedicated as him to meeting and exceeding the needs of Mainfreights customers. Don Braid is a Group Managing Director at Mainfreight NZ based in Mangere, . Mainfreight commenced operations in Auckland in 1978 and is the largest freight company in New Zealand. Between 1994 and 1997 Mainfreight started acquiring former competitors, such as, Daily Freightways and Chem Couriers in 1994, a 75% shareholding in Lep New Zealand in 1996, and Combined Haulage and Senco Haulage in 1997. +64 27 403 0148+64 9 905 4804Jill.Steffert@iod.org.nz, The Auckland Branch acknowledges the generous support of. And then it was a matter of communication and staying in touch, making sure everyone was okay, making sure any questions were answered. "We were exposed to Covid-19 quite early in the piece, probably earlier than many others because of our operations in China. Don: The recruitment of our people sits with the branch managers. He attributed the. Then we just sat back and allowed the de-centralized process to take over and allowed people to take responsibility to get their businesses sorted and in line. If our team on the dock is seeing poor decision-making thats eroding profitability, they will suffer because they share that profit so there comes internal pressure just as much from them as there is from us, looking at how the business is progressing. 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. Mainfreight's net profit rose by $40.1m to $188.1m. Mainfreight also renamed Wim Bosman branches in the countries France, Poland, Russia and Ukraine under the Mainfreight name.[12]. Don Braid. Other Current Significant Directorships and Trusteeships: BUPA ANZ Pty Limited (Chairman), Adherium Limited, Clearspan Limited, Thinxtra Australia, Starship Foundation, Massey University Foundation. CEO compensation can have a massive impact on performance, but it's just one element. You can be profitable and not collect the cash and go broke. I think our owner drivers are a key component of the relationship with the customer. Previously, Don was a Political Columnist at Calgary Herald. 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? He delivers on Mainfreights bold and expansive strategy while still bringing home the bacon for his shareholders. He has an enviable track record of integrity and professionalism and wide ranging business experience. That was uppermost in our mind. 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. Subscribe to protect quality NZ journalism. Zac: Lets talk more about those weekly P&Ls. When it comes to capable, motivational and effective leadership Sam Knowles delivers with interest. And thats why we travel a lot when you visit, you can smell the morale in an instant. While the group had deferred capital expenditure during early 2020, it had recommenced land and building projects during the year, with net capex totalling $118.6m, of which land and buildings accounted for $58.9m, plant and equipment $26m, fit out costs of $15.6m and information technology another $18m. Weve made this article available for free. FINALIST 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]. Learn more. Zac: What is the Mainfreight way when it comes to culture? By the way, its not just about us seeing those numbers. Other Current Directorships: Member of the CFO Advisory Board, Auckland University Business School, Member of the Board of Trustees of Dress for Success Incorporated, and private family companies. Its important to be as flexible as we can to bring an offering that the customer requires during a really tough time. [4] This operation was expanded with depots in Melbourne and Brisbane. Zac: As the leader of Mainfreight, what do you personally focus on to get the team going in the right direction? I guess whats annoying is that we have got to wait for an election year to get this kind of stuff. So I think cashflow is king and Id be focused on that. 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). The opportunities offshore and the populations that exist in some of those other countries are large; you only have to get something half right in some of those countries and youre growing a big business compared to what you have here in New Zealand. Don Braid (Mainfreight) Credit: Mainfreight . Theres no bullshit in the numbers, they are what the business has earned. Mainfreight managing director Don Braid. So we have these 282 locations across 20 countries how do we get them each operating at their peak, every day? Is our service or a product still current? The trick is to decentralize it and to give them control of the profit and loss, allow them to have sufficient KPIs, and measurement systems to monitor those as quickly as possible so that nothing gets out of control. They established agencies in the early days with Australian, Pacific Island and United States freight forwarders and the established agents in most major trading partner countries of New Zealand. But they had different regulations for different countries: it was a metre between the two trucks, it was a metre and half in Belgium, and it was two meters in France. 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. Don Braid is Managing Director/CEO at Mainfreight Ltd. See Don Braid's compensation, career history, education, & memberships. His father was a truck driver, but he says that didn't influence his career decisions. He has issued a New research confirms the importance that NZ business leaders place on reputation, but reveals that many companies need to increase their investment in building and protecting it. I think with a driverless truck, well lose that ability of interaction with the customer on pickup or on delivery. 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. Concerned about the content? Zac: Mainfreight was started back in the late seventies by Bruce Plested, who is the chairman now. Share Your Design Ideas, New JerseysMurphy Defends $10 Billion Rainy Day Fund as States Economy Slows, What Led to Europes Deadliest Train Crash in a Decade, This Week in Crypto: Ukraine War, Marathon Digital, FTX. It is totally how I believe a company should be and I love how everyone starts at the bottom. Don Braid's Phone Number and Email Last Update. The worst thing we could do is slow them down with bureaucracy, making them tick a lot of boxes. Things are changing a little bit and everyones suggesting that its all going to go to eCommerce. 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. PO Box 65092, Mairangi Bay, Auckland, New Zealand, Top 200 : Deloitte/Management magazine Executive of the Year Don Braid Clear Vision. Everyone stands on their own two feet. Zac: Can you share more about your profit share? Mainfreight's straight-talking group managing director has an infectious zest for business. Founded by NBR Rich Lister Bruce Plested, Mainfreight has become a global juggernaut on Braids watch. Look after your people and theyll look after the business. Those people become good leaders early in the piece they might be only leading a couple of people by the time they make branch manager status but they understand the roles of leadership within Mainfreight. Moving away from current form for a second, it could be important to check this free visual depiction of what analysts expect for the future. Group Managing Director at Mainfreight NZ . He is fiercely proud of the Mainfreight culture seeing this as a key reason customers choose Mainfreight over the competition. 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. Hi Tanya. With Don Braid at the wheel, Mainfreight is in safe and skilful hands.