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. 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. Things are changing a little bit and everyones suggesting that its all going to go to eCommerce. As a Kiwi living in England and studying management currently, I have really enjoyed reading this interview. Two other directors joined KiwiRail's board earlier this year, Rob Jager and Ed Sims. He has also lent his considerable support to not-for-profit organisations such as the Starship Foundation. Agreement with print tech giant Canon saves college thousands. 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. Don has over 40 years experience in the freight industry, including 26 with Mainfreight. Rob Fyfe is the polished and personable face of the new lean and globally competitive Air New Zealand. The lawsuit claimed that Wim Bosman, the former owner, had prior knowledge of a large client, Giant Bicycles, intentions to end corporate ties with the group. People thrive on being given responsibility. Since the acquisition of the Wim Bosman Group the eurozone has spiralled to the brink of economic disaster, but 52-year-old Braid says doing business on the debt-ravaged continent is nothing other than an "exciting" prospect. 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. In the 12 months to March 31, Mainfreight - which has been one of the top performing stocks on the NZX this year - posted record sales of $1.34 billion. 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. Some of the leading players in the listed retirement sector have been raising capital. Don Braid's Phone Number and Email Last Update. What else do we need to do to satisfy that bunch of customers? Wishing you the best in England and when you return to NZ. The worst thing we could do is slow them down with bureaucracy, making them tick a lot of boxes. Boasting a total shareholder return of 168% over three years, Mainfreight Limited has done well by shareholders. Musk Made a Mess at Twitter. 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. 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. Braid said Mainfreight was on track to push close to the $2 billion sales mark by March next year. Mainfreight declares flat dividend, hands back $11m wage subsidy 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. Weve made this article available for free. Nothing drives home the state of our roads like a trip on a bike. Where do we need to be? "He implements things very well and you don't have to remind him about anything you're trying to achieve. Don from Mainfreight talks to Fisher Funds. 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. Zac: As the leader of Mainfreight, what do you personally focus on to get the team going in the right direction? Those are the real world indicators of whether youve got morale correct or not or whether youve got some issues going on you need to address. COVID-19 has had a significant impact on freight and supply chains worldwide. Chief executive, Kiwibank 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? He is an outstandingly consistent and capable chief executive. Don: The culture is really important and our culture starts with those closest to the customer. Bryan has a wealth of experience, both in executive and board roles. 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. Zac: Don, having a decentralized business, whats been your approach to leadership? See ourstandard terms and conditionsfor more information. 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. Im not sure well see driverless trucks in NZ for some time to come. 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. Indonesia ups trade potential with focus on corporate governance, NZ business needs to invest more in reputation, NZ corporates taking a lead in health & safety. 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. Hi Tanya. 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. FINALIST Founded by NBR Rich Lister Bruce Plested, Mainfreight has become a global juggernaut on Braids watch. "I don't think any of those things are really of interest to this," he says. Revenues were up $448.4m to $3.5 billion, a 14.5% increase on the prior year, with 76% of that now generated outside New Zealand. Once we convinced them that they didnt need a time clock, they took to them with a sledgehammer. Prior to joining Air New Zealand, he held range of senior management positions both within New Zealand and overseas, including roles with the National Australia Bank, Bank of New Zealand, Telecom NZ and ITV Group in the UK. You know, people arrive when they arrive and they leave when they leave. 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? Don: Um, I think its recognising good people. 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. 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. "It's not about what I've done - it's about what we've done and what the business has done," he says. FINALIST Other Current Directorships: Information and Communication Services Limited (Chairman), Seronic (NZ) Limited, and his family companies. Mainfreight shareholders would be similarly pleased. Mainfreight boss: China 'understands our value' - NZ Herald Rising inflation and labour shortages have added to the Covid-19 melting pot, crippling global supply chains and trade growth. And analysts have been warned that they "won't get a second interview" if they make that mistake of calling Mainfreight a "trucking company". BusinessDesk has a paywall for most of its content. Is our service or a product still current? Insight and analysis of top stories from our award winning magazine "Bloomberg Businessweek". They know that now and can alter those decisions as they head into the week in front of them. As we noted earlier, Mainfreight pays its CEO in line with similar-sized companies belonging to the same industry. don@mainfreight.com; Profile. "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. And what do you believe leaders need to excel at? 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]. 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 NBR Working Style Best Dressed Businessman Awards. To join your company account for BusinessDesk and enjoy full access, Should it change? 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. Director Profiles - Mainfreight Cash flow is essential for any business survival. "But I was fascinated that he could present this picture of a skeleton of a company and present it so brightly.". See guidance for chairs and directors. "He's sporting and tough and makes decisions quite fast," Plested says. Youve got to break it down. 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 boss bypasses 'profiteering' global shipping lines - Newsroom Don Braid of Mainfreight Limited presents key insights for directors about freight and supply chain patterns in the current climate. 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, operating in 26 countries around the world, with $3+ billion in sales revenue, and he leads a team of 9,240 passionate Mainfreight people all around the world. Investment has to come year on year it cant just come as a bribe at election time., Embracing the company motto that Good enough is never enough, Braid is focused on fulfilling a vision to make Mainfreight a 100-year company. 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. The firm has earned a reputation within the market for being slickly-run. The government is pushing really hard for the major New Zealand companies to pay their suppliers on time, within 30 days. [2] In 1979, Bruce Plested partnered with Neil Graham, with Graham based in Christchurch and Plested in Auckland. Subscribe, 0.1 The Four Pillars of Governance Best Practice, 0.3 Corporate governance landscape in New Zealand, The second pillar - An effective governance culture, 2.3 Board architecture a charter for the board, 2.4 Board composition and succession planning, 2.5 Key competencies for non-executive directors, 3.6 Technology and information governance, 3.11 Employees holding external directorships, 4.4 Director shareholdings and insider trading, 4.16 The company secretary or corporate officer, Breakfast with Don Braid, Managing Director of Mainfreight Ltd. So we have these 282 locations across 20 countries how do we get them each operating at their peak, every day? 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. Theres no bullshit in the numbers, they are what the business has earned. Managing director Don Braid said Covid-19 fully tested Mainfreight's resilience, but it also necessitated some fundamental commitments. 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.". To trust your people too, to give them the responsibility. Privacy policy So you need to make sure youve got succession planning to be able to work on the dream that youre creating. JUDGES COMMENTS Us taking away that clock was about responsibility and about taking away that control from head office. 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. The firm's shares have been one of the best performing stocks on the NZX, returning more than. The company is growing EPS and total shareholder returns have been pleasing. I will definitely be following the Mainfreight progress closely for when I return to NZ. It has been listed on the New Zealand Exchange since 1996. 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. Mainfreight International was Mainfreight's first international sea and airfreight business and was started in 1984 by Bruce Plested's brother Gerald. We applaud that; weve always paid every supplier on the 20th of the month following and we ask the same of our customers. Email. [16] In 2020, CaroTrans Chile was re-branded as Mainfreight Chile. Check out our latest analysis for Mainfreight. A table of ten booking is available for $1000.00, subject to availability at the time of booking. I think its about ready-fire-aim: making sure were steady, allowing decisions to be made, and shaking them up as we get on. Chief executive, Air New Zealand The reality is, this leadership team in New Zealand has been through the earthquakes and the GFC and now the pandemic. If you'd invested $20,000 in Mainfreight 20 years ago and reinvested your dividends, your investment would now be worth $1.3 million. Zac: Mainfreight was started back in the late seventies by Bruce Plested, who is the chairman now. Use of the word "staff" is banned within the company - one of a range of idiosyncrasies particular to the logistics firm. In 2006 the New Zealand Mainfreight International and Owens International businesses were also merged to make Mainfreight Owens International Ltd (now Mainfreight International). 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. But well and behold, were in the perfect position not a lot of debt, trading really well, coming off a really good financial year the year before. Other Current Directorships: Its the individuals responsibility to arrive on time and stay until the jobs finished. 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. WINNER The price of the rights fell as low as 7.5 cents on the last day of trading. That was uppermost in our mind. A licence from New Zealand Railways Corporation was needed to carry freight over 150km. So it looks like Mainfreight compensates Don Braid in line with the median for the industry. 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. Appointment to Board 2000 - With Mainfreight since 1994. 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 there was someone in the drivers seat, the computer took over the vehicle. [2] In 1979, Bruce Plested partnered with Neil Graham, with Graham based in Christchurch and Plested in Auckland. Wed rather own assets than lease them. 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.. enter your email and well send you details. d***@mainfreight.com. They couldnt believe we trusted them to turn up when we needed them to turn up and leave when we needed them to leave. Shareholders would be glad to know that the company has improved itself over the last few years. It doesnt matter what the worlds thrown at them, theyve shown they are capable of dealing with it. Braid goes to great lengths to stress that the company's success is the result of the efforts of its entire, 5167-member "team" around the world. Deloitte Top 200 Award Winners Announced for 2019 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. He joined Daily Freightways in 1978, gaining a thorough grounding in all aspects of the business and eventually heading up . But the excitement is justified. Insurers support an immediate managed retreat for recent flood victims. I think weve done 17 to date since Covid and weve got another six or eight for the next two weeks just for New Zealand and theyve adapted. Your email address will not be published. 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. "If you allow the recession to roll over the top of you there's a great chance it will.". He joined Daily Freightways in 1978, gaining a thorough grounding in all aspects of the business and eventually heading up that company. I dont see this as a job, so therefore the stress levels arent as strong. 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. We dont call them staff for us, they are our people or our team. 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. Involved in the founding of Kiwibank before taking the top job, Knowles embraces challenge and thrives on delivering top results. Mainfreight commenced operations in Auckland in 1978 and is the largest freight company in New Zealand. Rob Fyfe It's interesting to note that Mainfreight allocates a smaller portion of compensation to salary in comparison to the broader industry. Braid said Mainfreight was on track to push close to the $2 billion sales mark by March next year. As weve matured and grown around the rest of network, were now learning things that we can bring back to New Zealand. Don Braid For me its being in the business, with people and in particular with customers. 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. I just have a belief and determination that weve got a pretty good business here. We ask our people to recruit very good people with passion and energy; people good enough to become branch managers. So it looks like Mainfreight compensates Don Braid in line with the median for the industry. National's three waters policy is only cosmetically distinct from Labour's. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Copyright 2023 | Business Changing Ltd. | Website by Casual Fridays. Early on, New Zealand had great lessons to take to the rest of our network. Mainfreight completes huge software roll-out, spanning A/NZ, US and 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. 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. This endeavor launched the first permanent investment into South America. His father was a truck driver, but he says that didn't influence his career decisions. As a young salesperson aged 19, I couldnt make a cold call. "I just think that's disgusting," he says. How we can fix New Zealand's ports - Don Braid | BusinessDesk 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. Typically modest about his achievements, the 57-year-old is always quick to acknowledge the team effort behind Mainfreights success. 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, Plested was quoted as saying after Braid was selected as the 2011 Business Leader of the Year. 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. Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. If were going to build facilities for our people, we build very good facilities to be around for a long time. 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. 11/5/2022 3:33 PM. So take a peek at this free list of interesting companies. Don Braid (Mainfreight) Credit: Mainfreight . Youve got to think about that as small groups of people looking after our customers and each group is important in their own right and theyll have their own little traits. Don Braid, Mainfreight Ltd: Profile and Biography - Bloomberg Markets Don: The recruitment of our people sits with the branch managers. Getting decisions made as close to the customer as possible is probably our secret and giving that responsibility to those in the branches. Don: Sometimes I think people dont recognise or believe or have enough passion in what theyve developed. You cant see yourself as an employer of 8500 people. In 2008, the United States locations were re-branded as Mainfreight USA. Terms of use Mainfreight people, he says, don't "live in question marks". Group Managing Director at Mainfreight NZ . Who wouldnt want exposure to the retirement sector? We're trying to break all that down.". 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. | 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. Director Profiles | New Zealand - Mainfreight Theres a video of it happening and what was really exciting was once the clock came off the wall, you could hear the laughter and the clapping and the voices of approval from those who were watching. 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. What more could I be doing in the business to actually grow my revenues in these difficult times? 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. 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]. He previously worked for the Otago Daily Times, after a return to business journalism in 2018. Component 2020 The Biosecurity Business Pledge group has launched two new biosecurity guides. He is highly respected and success-driven executive who has made Kiwibank fly when many thought it would struggle to get off the ground. In that respect, NZ was the worst effected with weekly revenues during April 2020 down by about 40% on average levels. Its a huge level of success and theres satisfaction you get from that. Mainfreight's $43.9m 'family' bonus | BusinessDesk Were thinking about being around for a hundred years. Any enquiries, or to book a table, please emailNatalie Spratt, Auckland Branch Coordinator. Zac: Mainfreight is obviously a massive employer with almost 9000 staff across the world. Top 200 : Deloitte/Management magazine Executive of the Year Don Braid 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. I learned that early in the piece and I think its stood me in good stead. Although the pay is close to the industry median, overall performance is excellent, so we don't think the CEO is paid too generously.
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