On 11 June 2007, Mainfreight 'signed a call option deed' to purchase the entirety of the shares of Australian-based Halford International. Simply Wall St has no position in any stocks mentioned.Have feedback on this article? Moreover, Don Braid also holds NZ$171m worth of Mainfreight stock directly under their own name, which reveals to us that they have a significant personal stake in the company. 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. His first job after leaving school was as a clerk with the Shipping Corporation before he moved on to Sea Freightways and then Daily Freightways, which was sold to Mainfreight in 1994. +64 27 403 0148+64 9 905 4804Jill.Steffert@iod.org.nz, The Auckland Branch acknowledges the generous support of. 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. Don Braid is a Group Managing Director at Mainfreight NZ based in Mangere, . Other finalists were: Briscoe Group managing director Rod Duke, NZX chief executive Mark Weldon, ex-Fonterra chief executive Andrew Ferrier, Xero founder Rod Drury, LanzaTech chief executive Jennifer Holmgren, Ngai Tahu Holdings Corp chief executive Greg Campbell, TZ1 founding chief executive and former Microsoft New Zealand chief executive Helen Robinson, Farmers/Whitcoulls owners David and Anne Norman and Ryman Healthcare chief executive Simon Challies. As a young salesperson aged 19, I couldnt make a cold call. 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. That includes a new facility for Owens Transport in Penrose, Auckland and additional land in Nelson, Hastings, Cambridge and Wellington. Im always exploring those opportunities and may be experimenting in particular regions or with particular customers before implementing that across the rest of the business. 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. What have we got right? Don: The culture is really important and our culture starts with those closest to the customer. With the takeover of the Owens Group in 2003 they purchased Owens International Australia. "You can imagine what they need to eat, drink and use," says Braid in the boardroom of Mainfreight's building in Otahuhu. "We were exposed to Covid-19 quite early in the piece, probably earlier than many others because of our operations in China. "I just think that's disgusting," he says. Braid says the company strives to be de-centralised through giving responsibility to all individuals in the business and letting them make decisions. The key for me is to be in the business as much as possible, to be visible. Typically modest about his achievements, the 57-year-old is always quick to acknowledge the team effort behind Mainfreights success. That's just a smallish increase of 6.9% on last year. We offer lots of training as well, internally and externally. Well in Europe they had these time clocks. [2] In 1979, Bruce Plested partnered with Neil Graham, with Graham based in Christchurch and Plested in Auckland. 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. Rob Fyfe We're trying to break all that down.". This article by Simply Wall St is general in nature. But, he said the first seven weeks of trading in the current year has been at similar levels to the past six months. So everything that we do is about being here for a long time. Wed rather own assets than lease them. Im not sure well see driverless trucks in NZ for some time to come. Look after our people, look after our customers, guard our cash, and embrace the opportunities that may arise.. His leadership is underpinned by a strong belief in Mainfreight's global competency and capabilities to provide high-quality supply chain solutions for . "But I was fascinated that he could present this picture of a skeleton of a company and present it so brightly.". I guess whats annoying is that we have got to wait for an election year to get this kind of stuff. He owns a 3 per cent stake in the firm, worth about $29 million. Braid has been a beneficiary of the meteoric rise in Mainfreight's share price. 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. 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. Chief executive, Air New Zealand It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. His visits to our local and overseas operations guide our teams to be sales-focused and always aiming for operational excellence. I could not get out of the car and go and meet a stranger to ask for the business and now I actually prefer to do that! 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. "I think I've always enjoyed business, from an early age, so to be involved like I am today has been great. Don: I get out of the way. Also, such solid returns might lead to shareholders warming to the idea of a bump in pay. Biography Founded by NBR Rich Lister Bruce Plested, Mainfreight has become a global juggernaut on Braids watch. The relationships we develop, both with suppliers and with customers, are there for the long term. What else do we need to do to satisfy that bunch of customers? Email. Our thoughts are with our members and their organisations impacted by Cyclone Gabrielle. 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. National's three waters policy is only cosmetically distinct from Labour's. Like most Kiwi business leaders, Braid is self-effacing and doesn't fancy talking to journalists about his life outside the company. 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. The firm's shares have been one of the best performing stocks on the NZX, returning more than. In this episode, Bronson explains how the lessons he learned in the kitchen translated to the booth, the reason money can never be the motivation for creating art, and why he believes that imperfections are the best part of any masterpiece. Don Braid 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.. And he should know, having spent his entire working life in the freight industry. So we have these 282 locations across 20 countries how do we get them each operating at their peak, every day? 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. 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. How do you maintain a positive culture and a time of crisis? Our subscriptions start at $24 / month for individuals. Don: Sometimes I think people dont recognise or believe or have enough passion in what theyve developed. 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. Do also serves as a member of the Board of the Starship foundation. For further information, please contact Don Braid, Group Managing Director, telephone +64 9 259 5503, +64 274 961 637 or email don@mainfreight.com. As a Kiwi living in England and studying management currently, I have really enjoyed reading this interview. 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. By becoming a supporter, you'll be helping us expand our independent journalism for the business community. "He never talks about himself and always talks about long-term goals," Hunt says. Some people dont want any more responsibility they find their own ceiling and thats fine. 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. Everyone stands on their own two feet. The NZ team, who had really done a great job through the Kaikoura and Christchurch earthquakes, quickly put together a plan on how to react. This is vitally important for all business to remain financially viable and it is where more than often we see business failures and especially in the Building Construction Industries which I was involved in. Kiwis know the firm largely through its blue trucks that ply our highways, but the company also utilises sea, train and air freight to transport goods around the world. Don: Im not sure its stress. CEO compensation can have a massive impact on performance, but it's just one element. 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. 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. Any enquiries, or to book a table, please emailNatalie Spratt, Auckland Branch Coordinator. 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. After the full acquisition that took place August 2007, Mainfreight Asia quickly gained momentum in the Air and Ocean sector, driving business in China and Southeast Asia. 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. Its whether the toilets clean, the cafeteria clean, have people got a smile on their face? 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. "That gives us an enormous amount of opportunity.". They have over 8500 staff in 280+ locations across 28 countries, so it was pretty cool (and humbling) for us to be able to chat to Don with some of our Business Changing clients recently. 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.

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