In the Lyon and Grenoble metropolitan areas, and the Haute-Savoie department, INRAE units contribute to research activities at the Lyon-Saint-Etienne, Grenoble-Alpes, and Savoie Mont Blanc . The index's intraday high was 12,587.68 points. 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"It's a small part of his overall holding and I suspect it would have pained him to sell. Show more. To join your company account for BusinessDesk and enjoy full access, During that time the business has expanded its operation into 26 countries and its staff count has grown from 80 to 8,600. While they have used off-the-shelf solutions (or packages, as he describes them), Drinkwater says these often dont meet the needs of the business. I'm a life member of IPENZ (the Institute of Professional Engineers)," he says, referring to the old name of the now-rebranded professional body Engineering New Zealand. Bruce Plested - NBR | The Authority since 1970 Weve probably trebled in size since then, yet were still using the same footprint. The broad rally seen over the previous three trading days also petered out. They put it up for sale in 2012 with an asking price of. He earlier studied science at the Victoria University of Wellington. Subscribe to our free 7am Headlines newsletter. Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. Mainfreight launch new London Ocean Freight Branch In New Zealand, Mainfreight has partnered with Spark on an internet of things (IoT) network to keep track of shipments, and this effort may extend to more analytical capability. Its the right horses for courseswhere we have things very specific to the way we operate, then we will build it, as per our culture, in the way we do it.. Mainfreight Ltd. engages in the freight logistics services and supply chain solutions. [3] [4] When the company was founded it entered a highly regulated transport market. Please contact your card provider or customer support. The government vs Mainfreight. The Mainfreight instruction manual is short: Feel the fear but do it anyway. Mainfreight listed on the NZX in 1996 Mainfreight was founded on March 23, 1978 by Bruce Ples Bruce G Plested, Mainfreight Ltd: Profile and Biography Despite continued strong volume of That barge was tagged by protesters "we don't want u!!". As for new sector-specific technologies, he says that driverless trucks are on their way but the technology isnt here yet. Plans to develop Waiheke Island's first marina are opposed by Mori as well as rich-lister Bruce Plested, chairman and founder of Mainfreight with a $6.8 billion market capitalisation. Brad Greer - National Business Development Manager - Mainfreight - LinkedIn The Mainfreight founder also has a social conscience. Reporting directly to the CEOfirst to founder Bruce Plested, and then to Don. Mainfreight is a rapidly expanding international business, so there's no shortage of overseas postings on offer. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Change to Next-generation, cloud-based ERP systems yield new levels of strategic agility and business insights. Mainfreight Limited is a listedNew Zealand logistics and transport company headquartered in Auckland. Mainfreight, formed in 1978, has 240 branches. 14 July, 2017. Mainfreight Ltd. provides transportation and logistics solutions. I am proud to work in Sandoz Nordics where we have just been certified in Denmark as an accredited "Great Place to Work". Reminder, this is a Premium article and requires a subscription to read. Insiders At Mainfreight Have Bought Stock Recently Over the last three months, we've seen significantly more insider buying, than insider selling, at Mainfreight. A Ferry-Commute from Auckland, Waiheke Island Offers Sun, Sand and Wine This can be negative in some circumstances. He hasnt made any plans beyond the summer other than continuing as chair of Duffy Books in Homes, but he will be looking at new opportunities that crop up. Mainfreight - Wikipedia Its share price increased 1.5c to $1.62. MFT Stock Price and Chart NZX:MFT TradingView In 2007, Mainfreight acquired Target Logistics, a United States based forwarder with 34 offices, and an extensive agent network. So they generally do consider buying larger companies that are included in the relevant benchmark index. A "living wage" is paid, Plested has contributed to the Maori Party, and Mainfreight also sponsors a school in Otara. Mainfreight executive chairman Bruce Plested is the winner of the Deloitte Top 200 Visionary Leader 2014 Award. During his farewell speech to the 50 people in Mainfreights NZ technology team (the global IT team numbers 125), Drinkwater shared his tips for success, including these 10. The project was sold by South British Insurance to Wilkins & Davies. What sort of money? DCB had a staff base of five employees on the date of acquisition, however, staff was expected to rise to seven employees. Likewise, his strongly-held beliefs relating to the importance of education and of recycling/ sustainability . Mainfreight was founded in 1977 by the visionary Bruce Plested, who set out to make the company a family, a team, where everyone has a share in the riches and where the word 'management' is banned. We have to make decisions based on five or ten years, which means often well pay for more now, before we need it, but knowing that we will need it, he says. Check out their presentation - https://bit.ly/3BAWpSs #mainfreight # . Plested's secretary Carol Selwyn says she doesn't do slow: "It would be hard to work for anyone who moves slower than I do." The firm's Australian domestic freight and logistics division, Mainfreight Distribution, began operations in 1989, with an operation in Sydney. That single transaction was for NZ$3.5m worth of shares at a price of NZ$69.49 each . Plesteds friend Duff said they couldnt have done the Books in Homes scheme without him, from the original seeding finance to its rent-free offices in south Auckland, and Mainfreight volunteers. That means that even when the share price was higher. They all know they are expected to look after customers, giving them a high quality freight service," he says. Two sizes of cannonballs emerged, he says, possibly fired around the 1840s to 1860s when boats discharged their arsenal once they sailed into what were peaceful harbours. It is part of a distinct leadership style; a theme that runs through the history of the man and the company he founded with a single Bedford truck and $7000 some 37 years ago. MAINFREIGHT LIMITED Company Profile - Dun & Bradstreet Daughter Sarah Mair is marketing and sales manager and Tony Mair says more than 1000 people are on the company's database, updated about the project's progress. 1, and in 2020 No. Plested and Braid are based at unfashionable Otahuhu in South Auckland. Many of us here believe in the same principles, we're here for the long term. Mair is the youngest of three. The charitys aim is to promote a love of reading in children, with a focus on lower-income families. Every year, Mainfreight funds a calendar. Best Things to Do in Auvergne Rhne-Alpes, France This information will be used to measure the effectiveness of our advertising from various channels and to offer you personalised ads. He is also on the board of Rorohara No 2 Trust. Lyon is France's third-largest city and a major tourist destination. This was the lion's share of the charity's total expenditure of $4.08m. Director Profiles - Mainfreight He is also on the board of Rorohara No 2 Trust. In 1979, he was asked to build a new marina at Westharbour (now called Hobsonville Marina). Facilities for the wider boating community were, he said, a big plus on Waiheke. As Chairman and Founder, Bruce shares his vision for the Company with the Mainfreight team, bringing a particular focus to quality and our culture. Mainfreight Leadership: Executives and Demographics He brings strong financial skills and business acumen to the role. Mainfreight commenced operations in Auckland in 1978 and is the largest freight company in New Zealand. Mainfreight has a policy of developing people and promoting them internally. Having started his own freight business in 1978 when he set out with $7200 and an old Bedford truck, 78-year-old Plested now chairs a global juggernaut that goes from strength to strength. On the plus side for Mainfreight shareholders, Bruce Plested has elected not to receive remuneration (i.e. Mainfreight employees are empowered to make decisions. Neil Graham joins Bruce Plested helping shepherd the company into what is now a publicly-listed logistics firm, Plested's brother Gerald starts Mainfreight's first international sea and airfreight business, Don Braid joins through acquisition of Daily Freightways, Bought Netherlands firm as European springboard, Family feel: Don Braid's sons also work in the business, Strong association with Bairds Mainfreight Primary School. "At the moment, you only need to go 200m off from Oneroa and discharge." In one example, the company had spent $20 million on an accounting system and had 50 people in its finance team. "That was the start of the marina division where we got up to 60 staff eventually.". The shocking amount some people have saved, and why speaking with a financial advisor could help increase your returns and alleviate stress. "When Mainfreight was starting out, people had to work late on Thursday nights loading sea freighters. From there, providing you have passion, the Mainfreight . Plested is within a hair's breadth of becoming a billionaire - on paper at least - from his Mainfreight stake alone when the shares hit an all-time high $60.10 yesterday, valuing the 16.2 million shares he directly owns or oversees as a trustee at $974.7 million.The shares were trading this morning at $59.30 for a valuation of $960.55 million for The philanthropist was recognised at the New Zealander of the Year awards. He is fiercely proud of the Mainfreight culture seeing this as a key reason customers choose Mainfreight over the competition. The government vs Mainfreight | The New Zealand Initiative Mainfreight has 9,240 employees, of which 8 are in a leadership position. And Drinkwater says that COVID-19 has changed the nature of work irrevocably by showing that working from homeor from anywhereis achievable at scale. -Warehouse BDM / ()_Warehouse BDM / () (Image: Supplied). Founded by Bruce Plested who started the company with just NZD$7000.00 and a 1969 Bedford Truck. Northport is forecasting a 15 per cent lift in container traffic volume for the financial year ending June. The company was founded in New Zealand in 1978 and used a series of acquisitions to fuel an international growth strategy. This past Friday marked my final day with Mainfreight. Bruce Plested - Biography - MarketScreener.com Our studies suggest that the top 25 shareholders collectively control less than half of the company's shares, meaning that the company's shares are widely disseminated and there is no dominant shareholder. It was a Mair said another drilling rig would arrive shortly. Plested continues to be an avid reader, and lately novels have been saved for plane trips, whereas Plested prefers them to in-flight movies. The project is downsized from the original plans. The share sale was disclosed to the NZX today and indicated one million shares were sold from Rorohara No. He was also involved in maritime projects in Singapore, Malaysia and Borneo followed. Braid says: "There a capitalist motive behind this, Bruce believes profit is a great motivator.". Empowerment can be rewarding in other ways. Mainfreight executive chairman Bruce Plested is the winner of the Deloitte Top 200 Visionary Leader 2014 Award. Luke Carran on LinkedIn: Per Angusta Ad Augusta. Last year the business had revenue of NZ$1.9 billion and expects to reach $2 billion this year. madness, quite extreme. 4 reasons to get excited about Mainfreight (NZE: MFT) shares "It is all about visionary leadership. The Last 12 Months Of Insider Transactions At Mainfreight Notably, that recent purchase by Founding Owner & Executive Chairman Bruce Plested was not the only time they bought Mainfreight. He has a home on Waiheke and said the marina was not in the locals' interests. Copyright 2023 IDG Communications, Inc. In his 35-year career, Kevin Drinkwater has seen tremendous change and many fads. SKP has challenged the marina in the Environment Court, High Court, Court of Appeal and is now headed to the Supreme Court. The Mainfreight culture is also focussed on the long term, and the business has a 100-year vision. Doesnt matter what your position is. Plested says some households ended up with 60 books on their shelves. Bruce Plested, founder of Mainfreight, said his business partner of 36 years was "the humourist and salesman without peer". Retailer Briscoe Group was down 11c or 1.91 per cent to $5.65; Air New Zealand lost 3.5c or 2.11 per cent to $1.62; AFT Pharmaceuticals fell 10c or 2.15 per cent to $4.55; Scott Technology declined 9c or 3.5 per cent to $2.48; Vista Group decreased 8c or 3.43 per cent to $2.25; and Plexure Group was down 4c or 5.33 per cent to 71c. If youre in the kitchen or the branch manager, you get the same amount of dollars based on your branchs performance, Drinkwater says. The company was established in Auckland, New Zealand, in 1978 by our current Chairman, Bruce Plested. Profile. Mainfreight boss asks should profit sharing with staff be essential Ultimately the future is most important. Take IDCs ERP Modernization Maturity Assessment to benchmark your organizations progress against your peers. Braid says the company offers staff training in every country it operates in. He sets high standards for himself and has created a family atmosphere where people want to prove their worth to him. Current positions of Bruce Plested Holdings of Bruce Plested Bruce Plested : Personal Network 04/12 In May 2011, Mainfreight established a CaroTrans branch in Santiago, Chile. The list of best things to do in Auvergne-Rhne-Alpes includes sightseeing, pretty towns, history, and natural wonders! In March 2011, Mainfreight entered the European market with the acquisition of Netherlands-based company Wim Bosman Group for 120 million; or $227 million. He has also lent his considerable support to not-for-profit organisations such as the Starship Foundation. Most would say this shows a good degree of alignment with shareholders, especially in a company of this size. Plested said he had given opponents SKP (previously called Save Kennedy Point) around $40,000 to pay for legal fees. As Nassim Nicholas Taleb said, 'Dont tell me what you think, tell me what you have in your portfolio. Please note that with cookies disabled you will have a degraded experience with some features. Plested gave the charity $250,000 in 1998, which Duff used to buy shares in the company. While studying institutional ownership for a company can add value to your research, it is also a good practice to research analyst recommendations to get a deeper understand of a stock's expected performance. Celebrating our founder, Bruce Plested's 80th Birthday at Mainfreight Warehousing Toronto! 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. The companys annual report has become a must-read for Plesteds chairmans statement. Precinct Properties reported a full-year revaluation gain of $284m including the $148.5m increase recognised at the end of December. 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. The cheapest berths went for $180,000. To get the disclaimer out of the way, Mainfreight's founder and chair Bruce Plested is not only a member of the Initiative. It's a tough venue to weave into . Every investor in Mainfreight Limited ( NZSE:MFT ) should be aware of the most powerful shareholder groups. 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. Mainfreight Americas 21,433 followers 7mo Hey there Dallas, TX! ", Selwyn says Plested has personal qualities that make this management style work. Check out our latest analysis for Mainfreight. Founded by Bruce Plested who started the company with just NZD$7000.00 and a 1969 Bedford Truck. . If you would like to customise your choices, click 'Manage privacy settings'. Synlait Milk, which supplies a2 Milk, was down 9c or 2.5 per cent to $3.51. Grant Samuel & Associates Ltd. Kate brings to the Board her broad financial and analytical experience acquired in a range of industries, both in New Zealand and overseas. Spy: Stunning seaside wedding - Entertainment News - NZ Herald Leverage your professional network, and get hired. You can cancel anytime with two clicks, an email or a phone call. Today Mainfreight has been transformed into a major international logistics company with 6011 employees working in 233 operations around the world. "It's no use just giving people more money." Plested's early home life was a book-filled one, and his mother would always read to her two sons. Other Current Directorships: Information and Communication Services Limited (Chairman), Seronic (NZ) Limited, and his family companies. Mainfreight dominated the trading on the New Zealand sharemarket after it was revealed that its chairman Bruce Plested sold $75 million worth of shares in the transport and logistics company. [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. On March 9, Heron Construction Co sent in the 180-tonne barge Calliope, a 50m x 20m structure topped by a 150ft beam crane, able to lift the heavy gear into place at Kennedy Point. When the company was founded it entered a highly regulated transport market. Mainfreight is a global supply chain company that prides itself for having "special people, special company" . 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. Tansy Austin - Health and Safety - Mainfreight | LinkedIn Fortunately, the pandemic has been kept at bay in New Zealand and the economy hasnt taken a dive, but Drinkwaters decision to retire from Mainfreight prevailed. Mainfreight founder says bonuses help solve inequality and - Stuff A year later they had nearly doubled in value to $11.10m. The Founding Owner & Executive Chairman Bruce Plested made the biggest insider purchase in the last 12 months. Other high profile residents on Waiheke include former All Blacks rugby coach Sir Graham Henry, Mainfreight transport founder Bruce Plested and New Zealand's richest man Graeme Hart, who bought . [10] In August 2013, Mainfreight and the family of Wim Bosman reached an out of court agreement for compensation to the tune of 8.2 million or $14 million. 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. The seafloor slopes naturally, eliminating any need for dredging. He was sent to the Bluff aluminium smelter and Manapouri underground power projects, helped drive a 500m channel through a Samoan coral reef, and helped build 48 bridges in Fiji. The business may have a requirement, but its our job is to make it even better than what they thought they wanted. subscription needed. Mainfreight CEO and Executives. The road to the marina will be widened, improved in a strip around 200m long. A license from New Zealand Railways Corporation was needed to . "By having a generosity spirit, we get far more back than we give away" - Bruce Plested, Founder and Chairman of Mainfreight. That noted, before packing your bags you can expect to spend your first few years in Australia building your knowledge, skills and understanding of the Mainfreight way. Chia Sisters introduces game-changing drinks packaging taking inspiration from an unexpected sector. Last Saturday, the picturesque $23 million ocean-front farm owned by Mainfreight boss Bruce Plested, whose wealth NBR estimated at $270m last year, was used for a family affair. Books are handed out at some 510 participating schools, often with a role model on hand. Essentially the company helps firms move and store goods from A to B via land, air and sea. Baigent said late last year that the organisation hoped for a result by around April and he indicated SKP was well-resourced to carry out the half-decade stoush. Mainfreight is hosting a BBQ for customers, family and friends on September 22nd! This risk is higher in a company without a history of growth. Daniel Plested - National Sales Manager - Mainfreight | LinkedIn INRAE center Clermont-Auvergne-Rhne-Alpes Mainfreight Directors Founder Bruce Plested and Group President Don Braid highlighted this exciting site at the annual general shareholders meeting!