Initially wed take 10% of that profit and share it equally with everybody in the branch but as weve developed and gotten a little more sophisticated, weve applied quality stats to the numbers. As a young salesperson aged 19, I couldnt make a cold call. For me its being in the business, with people and in particular with customers. Mainfreight's Don Braid rose above a solid field of finalists to be named New Zealand Herald Business Leader of Year. We continue to be optimistic and we are bloody proud of our people who have delivered this record result.. Rising inflation and labour shortages have added to the Covid-19 melting pot, crippling global supply chains and trade growth. Its whether the toilets clean, the cafeteria clean, have people got a smile on their face? We're trying to break all that down.". That's just a smallish increase of 6.9% on last year. I'm pleased I didn't do anything else.". 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. Zac: Don, what makes you good? To join your company account for BusinessDesk and enjoy full access, In 2008, the United States locations were re-branded as Mainfreight USA.
Mainfreight boss: China 'understands our value' - NZ Herald BusinessDesk has a paywall for most of its content. Mainfreight chief executive Don Braid says New Zealand needs to slash the number of its container ports to a 'maximum' of three to avoid being side-lined by major shippers.The 18-year veteran CEO of the NZX-listed multinational logistics company told a supply chain forum in Auckland on Wednesday that container cranes sitting at most of the Managing director Don Braid said Covid-19 fully tested Mainfreight's resilience, but it also necessitated some fundamental commitments. So weve got eight and a half thousand people and 282 locations.
The Group MD & Director of Mainfreight Limited (NZSE:MFT), Donald Braid 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. Zac: What are your thoughts on driverless trucks and how they will affect Mainfreight? We applaud that; weve always paid every supplier on the 20th of the month following and we ask the same of our customers. I dont see this as a job, so therefore the stress levels arent as strong. 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. He points out that 172 million people live within a 350 km radius of Wim Bosman's headquarters in's-Heerenberg, on the Dutch-German border. Don has over 40 years experience in the freight industry, including 26 with Mainfreight. [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. 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. Appointment to Board 2000 - With Mainfreight since 1994. So we have these 282 locations across 20 countries how do we get them each operating at their peak, every day? Bryan has a wealth of experience, both in executive and board roles.
Director Profiles | New Zealand - Mainfreight Where should we open next? So what you produce in terms of profitability is real. Zac: Aside from being in front of customers, what else do you spend your weeks focusing on as the global CEO of Mainfreight? See ourstandard terms and conditionsfor more information. Will His AI Plans Be Any Different? [7] This takeover was in response to the purchase of Tranz Rail by Australian transport firm Toll Holdings. How do you measure this? Id also be really focused on being in touch with customers. Im not sure well see driverless trucks in NZ for some time to come. 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. 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. 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. Mainfreight boss Don Braid sees fresh opportunities in China's Belt and Road initiative, writes Bill Bennett. Weve needed to adjust, particularly in the international sector, air freight charters rather than just normal air freight our people had never had any experience in chartering a full plane. Regionally, the NZ business saw an increase of 11.5% in profit before tax to $97.8m, though supply chain capacity into and from NZ remains congested, and the company is frustrated with international shipping lines". Some people dont want any more responsibility they find their own ceiling and thats fine. On 11 June 2007, Mainfreight 'signed a call option deed' to purchase the entirety of the shares of Australian-based Halford International. What havent we got right? "We've been in China for 20 years.
Director Profiles - 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. Rapper, chef and author Action Bronson takes us on a journey from his early days at culinary school, to releasing critically acclaimed albums, to writing books, starring in TV shows and building an iconic brand around his favorite interests. In 2006 the New Zealand Mainfreight International and Owens International businesses were also merged to make Mainfreight Owens International Ltd (now Mainfreight International). He is unquestionably our Deloitte/Management magazine Top 200 Executive of the Year. It has largely grown earnings and revenue since 2008 and tripled its share price between early 2009 and today. 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.. Email. In May 2011, Mainfreight established a CaroTrans branch in Santiago, Chile. "I don't think any of those things are really of interest to this," he says. Even Europe's ongoing economic turmoil fails to dampen Braid's optimism, despite the Kiwi logistics operator having spent more than $200 million buying a Netherlands-based freight firm earlier this year, giving it a European footprint for the first time in its more than three-decade history. To trust your people too, to give them the responsibility. Don: With this event in front of us right now, I think cash is king, and the collection of cash. So the weekly P&L puts them on the spot. Boards have a key role to play in the wake of any crisis. And if you dont make a profit, theres no bonus that year. Braid consistently delivers for shareholders and stakeholders alike.
Not living as a question mark but instead getting on with it and making those decisions. [13] The transaction was completed on 6 June 2007. That's ambitious, even . Braid says the company strives to be de-centralised through giving responsibility to all individuals in the business and letting them make decisions. Its great fun. The worst thing we could do is slow them down with bureaucracy, making them tick a lot of boxes. [3][4], When the company was founded it entered a highly regulated transport market.
Zac: Don, your 100-year vision how does that work? Concerned about the content? Your Saturday Briefing: Trumps Comeback Plan, Wall Street Whistles Away, Londons Investment Appeal Is Unraveling as Arm Heads to the US, British Parents Turn to Home Equity to Help Young Buy Property, Japanese Unions Seek Biggest Pay Rise in 25 Years for Workers, Sorry, Fed, Most US Mortgage Rates Were Locked In During Pandemic Lows, Panic Over Metals for EVs Goes All the Way to Automakers C-Suites, Ex-Goldman Banker Ordered to Forfeit $43.7 Million Over 1MDB Bribery Fraud, Twitter Revenue, Earnings Fell About 40% in December, WSJ Says, John Malone andCharter Directors Agree to $87.5 Million Settlement, China E-Commerce Giant JD Set for $1.4 Billion Discount Spree, Between Rounds of Golf, Trumps Searching for the Perfect DeSantis Diss, Your Saturday UK Briefing: Sunak Chalks Up a Win as the Budget Looms, Harrods Shrugs Off Recession Fears as Rich Get Richer, FT Says, Wealthy NYC Family Feuds Over $258 Million Madison Avenue Sale, Tom Sizemore, 'Saving Private Ryan' Actor, Dies at 61, The Exhibit Reality TV Show PittingArtist Against ArtistIs No Masterpiece. Watson said she did not believe bonuses were a way. Don Braid is Managing Director/CEO at Mainfreight Ltd. See Don Braid's compensation, career history, education, & memberships. "You can imagine what they need to eat, drink and use," says Braid in the boardroom of Mainfreight's building in Otahuhu. 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. He knows where the company is going and, more importantly, how it will get there. 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. What we put in place here in New Zealand became the blueprint for the organization around the world. By using this website you consent to the use of cookies in accordance with our privacy policy. Its a huge level of success and theres satisfaction you get from that. But the excitement is justified. 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. Whats interesting when you go into a pandemic or an event like this is what the balance sheet looks like. Where do we need to be? And analysts have been warned that they "won't get a second interview" if they make that mistake of calling Mainfreight a "trucking company". His father was a truck driver, but he says that didn't influence his career decisions. Don Braid. Brent is a senior reporter based in Queenstown. | Mainfreight will release its financial results for the full 2022 financial year on 26 May 2022. He joined Daily Freightways in 1978, gaining a thorough grounding in all aspects of the business and eventually heading up that company. 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. The Australian business reported a 46.6% jump in profit before tax to A$71.5m for the year, on the back of regional expansion of the groups transport business. Mainfreight chairman Bruce Plested says Braid is a very complete modern and old-fashioned leader wrapped up in one. So we are developing our people to be the best they possibly can be. I just have a belief and determination that weve got a pretty good business here. So take a peek at this free list of interesting companies. Braid said that while Mainfreights people can be proud of the way they stood up to be counted, there would continue to be uncertainty with heavily congested supply chains continuing to affect the worlds freight lanes. 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. I really want to be in front of those customers! I think our owner drivers are a key component of the relationship with the customer. 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: It should be where your skills are. Mainfreight people, he says, don't "live in question marks".
Don Braid - newzealandinc.com 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. 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. 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. In the decade Braid has spent at its helm, the company has become a global logistics player with operations on every populated continent apart from Africa. Rob Fyfe 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). We got a taste of what was to come early in the piece with our Chinese business and seeing what they were going through. enter your email and well send you details. As a Kiwi living in England and studying management currently, I have really enjoyed reading this interview. Braid said Mainfreight was on track to push close to the $2 billion sales mark by March next year. 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. I dont believe that. "Don gave this glowing account of [Daily Freightways] and I kept looking at him and thinking 'what a lot of bullshit'," Plested says. And if you surround yourself with really good people, the stress is actually spread across everybody and you dont wear it all on your own shoulders. 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. New Zealand-based logistics giant Mainfreight is celebrating the roll-out of two new custom-built enterprise software platforms, dubbed Mainmove and . Chief executive, Kiwibank Its about making sure they dont lose the disciplines that make us who we are but embracing them as people delivering for our customers. Will be fundamentally different from the last one. 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. Boasting a total shareholder return of 168% over three years, Mainfreight Limited has done well by shareholders. How are we changing the business accordingly? Mainfreight's net profit rose by $40.1m to $188.1m. Braid said Mainfreight was on track to push close to the $2 billion sales mark by March next year. So everything that we do is about being here for a long time. 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. Contact. Weve made this article available for free. Your email address will not be published. Other Current Significant Directorships and Trusteeships: BUPA ANZ Pty Limited (Chairman), Adherium Limited, Clearspan Limited, Thinxtra Australia, Starship Foundation, Massey University Foundation. The firm has earned a reputation within the market for being slickly-run. I might get a little bit wound up about stuff, a bit passionate about things, but I think you cant get so involved that you think about nothing else. 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. 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. As weve matured and grown around the rest of network, were now learning things that we can bring back to New Zealand. In light of current trends, we will provide a nine-month trading update mid-February 2022. Click on [Agree] or [Disagree] to accept or refuse cookies. Other Current Directorships: Information and Communication Services Limited (Chairman), Seronic (NZ) Limited, and his family companies. Its an intimate touch with the P&L; the weeklies tell us lot. | 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. 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. What else do we need to do to satisfy that bunch of customers? His leadership is underpinned by a strong belief in Mainfreight's global competency and capabilities to provide high-quality supply chain solutions for our customers. Cash flow is essential for any business survival. 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. 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. [8], Headquartered in 's-Heerenberg, The Netherlands, Wim Bosman is privately held and operates more than 1,000 transport units, manage more than 275,000m2 of cross-docking facilities and warehouse area, and employ roughly 1,414 staff within 14 branches located in The Netherlands, Belgium, France, Romania, Poland, and Russia. Mainfreight was founded on 6 March 1978 by Bruce Plested who started the company with just $7,200 and a 1969 Bedford truck. The company posted record earnings and revenue for its last full year and has continued to break records this financial year. At Management Magazine, our focus is to inspire New Zealands business leaders and the managers of today and tomorrow to succeed. Weekly operational reports are posted on the wall of the company cafeteria in Otahuhu, where all team members, including Braid, eat at a single, long table. Once we convinced them that they didnt need a time clock, they took to them with a sledgehammer. Don: I get out of the way. 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. The firm's shares have been one of the best performing stocks on the NZX, returning more than. Wed rather own assets than lease them. 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. Mainfreight International was Mainfreight's first international sea and airfreight business and was started in 1984 by Bruce Plested's brother Gerald. 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). "[8], In June 2013, Mainfreight launched a lawsuit seeking 11 million or $18 million against Wim Bosman Group's former owners. He previously worked for the Otago Daily Times, after a return to business journalism in 2018. 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. Theres no cross subsidies. Braid says the Mainfreight culture and passion took hold pretty quickly, and Plested recognised his leadership strengths by appointing him to the board six years later. 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]. By the way, its not just about us seeing those numbers. 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. Don: With this decentralized approach, those P&Ls were talking about, theyre part of everyday life at Mainfreight those P&Ls go up on the cafeteria wall. You know, people arrive when they arrive and they leave when they leave. For further information, please contact Don Braid, Group Managing Director, telephone +64 9 259 5503, +64 274 961 637 or email don@mainfreight.com. 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Mainfreight boss bypasses 'profiteering' global shipping lines - Newsroom 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. Mainfreight managing director Don Braid. 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. So it looks like Mainfreight compensates Don Braid in line with the median for the industry. Hes the right man for the job at just the right time. Once it became a global pandemic we needed to react and adapt as quickly as we could. 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. 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.
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