The company was founded in New Zealand in 1978 and used a series of acquisitions to fuel an international growth strategy. [7] This takeover was in response to the purchase of Tranz Rail by Australian transport firm Toll Holdings. Founder Bruce Plested and Group President Don Braid highlighted this exciting site at the annual general shareholders meeting! "I don't look at myself as a developer. The companys annual report has become a must-read for Plesteds chairmans statement. In 2001, Mainfreight's management decided that technology needed a global role, and Drinkwater became CIO. As Chairman and Founder, Bruce shares his vision for the Company with the Mainfreight team, bringing a particular focus to quality and our culture. DCB had a staff base of five employees on the date of acquisition, however, staff was expected to rise to seven employees. There's more to the man's generosity than this example. Napier Port held an institutional investor day and rose 14.8c or 4.52 per cent to $3.42. Mainfreight International was Mainfreight's first international sea and airfreight business and was started in 1984 by Bruce Plested's brother Gerald. At Mainfreight we all eat at one big long table.". His visits to our local and overseas operations guide our teams to be sales-focused and always aiming for operational excellence. Mainfreight Limited began its operations in Auckland, New Zealand in 1978. He is also on the board of Rorohara No 2 Trust. The Founding Owner & Executive Chairman Bruce Plested made the biggest insider purchase in the last 12 months. Big giver: Mainfreight's Bruce Plested | BusinessDesk During his tenure, Drinkwater has witnessed huge changes in technology. 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. Board meetings. 1, and in 2020 No. When the company was founded it entered a highly regulated transport market. Last year the business had revenue of NZ$1.9 billion and expects to reach $2 billion this year. Plested got in touch with Duff after seeing the writer in a documentary, talking about the state of New Zealand. Bruce would make sure there was a roast dinner laid on for everyone who helped.". 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 Alternatively, email editorial-team (at) simplywallst.com. Mainfreight founder turns eye to social and environmental issues - Stuff click here to see if those insiders have been buying or selling. The Mairs enjoyed sailing and fishing. They can and probably do influence decisions on executive compensation, dividend policies and proposed business acquisitions. Bruce G Plested, Mainfreight Ltd: Profile and Biography Today he chairs a group of telecommunication companies. Bruce believes people grow when they are given this responsibility. "I just give SKP money so it's more of an even fight. However, high insider ownership can also give immense power to a small group within the company. Its the end of the road at Mainfreight for CIO Kevin Drinkwater, who officially retires on 31 December 2020. He built a billion-dollar logistics business, starting with a single Bedford truck in the 1970s. enter your email and well send you details. Property market metrics show the national average asking price is now almost $100,000 down on a year ago. He is also on the board of Rorohara No 2 Trust. A "living wage" is paid, Plested has contributed to the Maori Party, and Mainfreight also sponsors a school in Otara. Clearly the two are well matched. We can see that Mainfreight does have institutional investors; and they hold a good portion of the company's stock. He recalls the money was for spending, not investing. Last period it bought $2.88m worth of them. 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. Me Today has opened its $3.75m offer of shares to retail investors at 8.8c a share to help fund the purchase of King Honey, and Me Today's share price slipped 0.005c or 4.46 per cent to 10.7c. The government vs Mainfreight | The New Zealand Initiative In 2006 when we created our new data centre, I was concerned there wasnt enough room in that footprintits not much bigger than a meeting room. . (Image: Supplied). We were spellbound.. 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. He has a home on Waiheke and said the marina was not in the locals' interests. You wont get many consultants that tell you to build a bespoke system.. It has a market capitalization of NZ$6.8b. MFT Stock Price and Chart NZX:MFT TradingView Its share price increased 1.5c to $1.62. On the plus side for Mainfreight shareholders, Bruce Plested has elected not to receive remuneration (i.e. Located in a very diverse region rich in assets, not only geographically (relief, climate), but also economic and human, the Lyon-Grenoble Auvergne-Rhne-Alpes is the latest INRAE centre to be created. {{ registerForm.errors.get('password') }}, {{ registerForm.errors.get('password_confirmation') }}, {{ plans[index].attributes.old_price | currency }}, Radical change is needed Productivity Commission, New listings drop, house asking prices down 10%, Sustainable drinks company partners with fellow B-Corp Kiwibank to take on the world, Consumer confidence lifts slightly, still 'extremely low', Primary industries bear brunt of cyclone, Treasury says, Deeply researched, twice-edited and fact-checked news, Reporters in Auckland, Hamilton, Tauranga, Wellington, Christchurch and Queenstown, Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers, Access to FundSource - the deepest data on KiwiSaver and managed funds, updated daily, World news from The Economist and Bloomberg. The gift cost more than $4 million of his own money. The company was established in Auckland, New Zealand, in 1978 by our current Chairman, Bruce Plested. "There'll be no dredging or reclamation and no interference with the tidal zone.". But we can't rely on that fact alone since institutions make bad investments sometimes, just like everyone does. Mainfreight chair and NBR Lister Bruce Plested has sold $75 million in Mainfreight shares to buy more property in Waiheke. Thats why there are so many packages out there, because consultants find it easy to sell packages. The government must focus on supporting exporters to innovate. From his Auburn St offices at Takapuna, he spreads his hands wide to illustrate the size of what he discovered. The government must focus on supporting exporters to innovate. In addition to the all-hands Board meetings, the Board will have a number of . 343 Engineer jobs in Grenoble, Auvergne-Rhne-Alpes, France (5 new) "It's about creating a feeling of whanau. Mainfreight commenced operations in Auckland in 1978 and is the largest freight company in New Zealand. MAINFREIGHT Careers and Employment | Indeed.com payment) for sitting on the Board since 2014. Within four months of the sale, that system was ripped out and replaced by Mainfreights bespoke system at a cost of $25,000 and the finance team reduced to three people. People from the outside that take your watch and tell you how to read the time. Bruce Plested - NBR | The Authority since 1970 A good Samaritan. When such a trade goes wrong, multiple parties may compete to sell stock fast. Mainfreight Limited (NZE: MFT) is a global transport and logistics business based in New Zealand.. He earlier studied science at the Victoria University of Wellington. Reminder, this is a Premium article and requires a subscription to read. The High Court said no. You can find historic revenue and earnings in this detailed graph. 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. Let's delve deeper into each type of owner, to discover more about Mainfreight. Chia Sisters introduces game-changing drinks packaging taking inspiration from an unexpected sector. In May, the. Plested is a thinker. "We changed from a u-shape to a central pine walkway 3.3m wide by 150m long.". Latest Mainfreight share price and news. Follow MFT on the NZX [3][4], When the company was founded it entered a highly regulated transport market. This is a world where budgets are deemed 'bullshit'. There is nothing better than having a rugby star saying I would not be an All Black if it weren't for books, says Plested. It's always worth thinking about the different groups who own shares in a company. Synlait Milk, which supplies a2 Milk, was down 9c or 2.5 per cent to $3.51. Mainfreight also renamed Wim Bosman branches in the countries France, Poland, Russia and Ukraine under the Mainfreight name.[12]. The site faces the prevailing southwesterly and berths are designed so boat sterns point into that wind, giving the least resistance or the lowest wind load. Please contact your card provider or customer support. [3] [4] When the company was founded it entered a highly regulated transport market. 14 July, 2017. Few other business leaders think in terms of a 100 years or so. Currently, he is Executive Chairman at this company and Chairman of Mainfreight GmbH (a subsidiary of Mainfreight Ltd.). Bruce G Plested, Mainfreight Ltd: Profile and Biography - Bloomberg Markets Bloomberg Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and. Current positions of Bruce Plested Holdings of Bruce Plested Bruce Plested : Personal Network 04/12 Bruce George Plested founded Mainfreight Ltd. report on analyst forecasts for the company. Mainfreight founder and chairman Bruce Plested. "I went crook at Alan. Everyone can see the bottom line and everyone understands what it means for the company and for themselves. Understand how edge computing is transforming business performance, Exit interview: Mainfreight CIO shares tech insights before signing off, dtSearch - INSTANTLY SEARCH TERABYTES of files, emails, databases, web data. As a Government Minister, Richard was responsible for creating SOEs, deregulating telecommunications and broadcasting, reforming ports, airports, railways and aviation. Current positions of Bruce Plested Holdings of Bruce Plested Bruce Plested : Personal Network 04/04 Tansy Austin - Health and Safety - Mainfreight | LinkedIn Mainfreight - Bairds Mainfreight Primary School Please note that with cookies disabled you will have a degraded experience with some features. 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. 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." 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. Mainfreight chair sells $75m in shares to expand Waiheke property The context, as both recall, was the murder of a child. "When Mainfreight was starting out, people had to work late on Thursday nights loading sea freighters. So it went to the Court of Appeal, which also said no. "I've always been interested in education. From our data, we infer that the largest shareholder is Bruce Plested (who also holds the title of Top Key Executive) with 17% of shares outstanding. It also has investments in Z Energy and a portfolio run by Fisher Funds. Arriving fresh faced from university, this company for the past (almost) three years has. The cheapest berths went for $180,000. Mainfreight started building its offshore business with move into the Australian market in 1989, driven by vision to provide logistics/technology-based bridge that would allow customers . Mainfreight - Alchetron, The Free Social Encyclopedia 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 Directors Other Current Directorships: Kitt Littlejohn, an independent director of the marina business, says construction began in March because a valid resource consent existed. Plested is also a great reader; some of those ideas come from books. Mainfreight Ltd. engages in the freight logistics services and supply chain solutions. 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.. Meal kit company My Food Bag rose 6c or 4.26 per cent to $1.47 after telling the market it will be using social enterprise firm GoGo's carbon footprint tracker app. As for Mainfreight, he wants to build a 100-year company, and so there's no short-term decisions.. Reporting is done weekly.
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