don braid mainfreight net worth

Mainfreight was founded on 6 March 1978 by Bruce Plested who started the company with just $ 7,200 and a 1969 Bedford truck. 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. By using this website you consent to the use of cookies in accordance with our privacy policy. Look after our people, look after our customers, guard our cash, and embrace the opportunities that may arise.. Mainfreight completes huge software roll-out, spanning A/NZ, US and His visits to our local and overseas operations guide our teams to be sales-focused and always aiming for operational excellence. He joined Daily Freightways in 1978, gaining a thorough grounding in all aspects of the business and eventually heading up . Once it became a global pandemic we needed to react and adapt as quickly as we could. BRAID, Don - NBR | The Authority since 1970 I just have a belief and determination that weve got a pretty good business here. Its the individuals responsibility to arrive on time and stay until the jobs finished. You need to have been there 12 months to earn the full bonus that everybody else gets. 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. Early on, New Zealand had great lessons to take to the rest of our network. Although Plested remains the largest shareholder with a 16% stake worth $395m, Braid's more modest 2.79% stake is still worth about $70m - supplemented by annual remuneration of $2.2m in 2017. In light of current trends, we will provide a nine-month trading update mid-February 2022. 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. He attributed the. Look after your people and theyll look after the business. | And then its about exploring the long game. Whats changed? 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. This endeavor launched the first permanent investment into South America. 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. He believes in fostering an innovative culture in the organisation and encourages top performances from his teams. The relationships we develop, both with suppliers and with customers, are there for the long term. Its whether the toilets clean, the cafeteria clean, have people got a smile on their face? On the Money: Tim Boyd he's back; James Lee he's leaving, and more New drugs could end the worlds obesity epidemic, Big plus for NZ schools and govt agencies, Growing wealth through our cities growth, Insurers call on government to seize the day, Smoke, mirrors and delay Nationals three waters policy, Former CentrePort CEO Liz Ward joins KiwiRail board. Q&A with Mainfreight's Don Braid - Business Changing A licence from New Zealand Railways Corporation was needed to carry freight over 150km. Founded in 1969 as Dunedin Customs Brokers Ltd, DCB International provides international air and sea freight services from Dunedin. The Group MD & Director of Mainfreight Limited (NZSE:MFT), Donald Braid So youre not only giving them a responsibility for the P&L, but youre also giving them the responsibility of whos going to join our family. Moreover, Don Braid also holds NZ$171m worth of Mainfreight stock directly under their own. Yes, wed committed an enormous amount of capital expenditure coming into this new financial year, but we were in good shape in that the balance sheet looks pretty good. Don has over 40 years' experience in the freight industry, including 26 with Mainfreight. 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. 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. Dogged determination, drive and eternal optimism - they're all qualities Don Braid exudes. Brent had an extensive career in corporate communications and strategic consulting, including for a range of public listed companies. Shareholders would be glad to know that the company has improved itself over the last few years. Rob Fyfe is the polished and personable face of the new lean and globally competitive Air New Zealand. By the way, its not just about us seeing those numbers. Mainfreight will release its financial results for the full 2022 financial year on 26 May 2022. Mainfreight is publicly listed on the NZ Stock Exchange with a market capitalisation of $8+ billion. Braid says the company strives to be de-centralised through giving responsibility to all individuals in the business and letting them make decisions. Our data indicates that Mainfreight Limited is worth NZ$4.0b, and total annual CEO compensation was reported as. That was uppermost in our mind. enter your email and well send you details. Wed rather own assets than lease them. On examining similar-sized companies in the industry with market capitalizations between NZ$2.9b and NZ$9.4b, we discovered that the median CEO total compensation of that group was NZ$3.7m. 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. How does that actually work, practically? Don Braid. We're trying to break all that down.". How do you maintain a positive culture and a time of crisis? What more could I be doing in the business to actually grow my revenues in these difficult times? 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. Though his father was a truck driver, Timaru-born Braid can't recall being influenced by this. And if you dont make a profit, theres no bonus that year. Mainfreight chairman Bruce Plested says Braid is a very complete modern and old-fashioned leader wrapped up in one. He delivers on Mainfreights bold and expansive strategy while still bringing home the bacon for his shareholders. 5 November 2019 - Mainfreight's Don Braid has reinforced his reputation as one of New Zealand's most successful executives, being named Executive of the Decade at the 2019 Deloitte Top 200 Awards in Auckland tonight (5 December 2019).Mainfreight was also named Company of the Year, sponsored by Deloitte Digital and Marsh. He is unquestionably our Deloitte/Management magazine Top 200 Executive of the Year. He has issued a New research confirms the importance that NZ business leaders place on reputation, but reveals that many companies need to increase their investment in building and protecting it. Read More . I think our owner drivers are a key component of the relationship with the customer. After leaving Timaru Boys' High School Braid joined the New Zealand Shipping Corporation as a clerk in 1976. Mainfreight boss: China 'understands our value' - NZ Herald CEO compensation can have a massive impact on performance, but it's just one element. Mainfreight's Don Braid rose above a solid field of finalists to be named New Zealand Herald Business Leader of Year. He is fiercely proud of the Mainfreight culture seeing this as a key reason customers choose Mainfreight over the competition. Email. Zac: What is the Mainfreight way when it comes to culture? Zac: Don, having a decentralized business, whats been your approach to leadership? Mainfreight was founded on 6 March 1978 by Bruce Plested who started the company with just $7,200 and a 1969 Bedford truck. Net capex totaled $155m for the period, of which land and buildings accounted for $111.7m, plant and equipment $26.6m and IT at $16.7m. Youve got to break it down. Zac: Im keen to understand what do you think are common reasons why many businesses fail to reach their maximum potential? Bruce Plested, the firm's executive chairman who founded the company in 1978 with $7200 and a 1969 Bedford truck, recalls the day in 1994 when Braid - then a Freightways Group employee - had the job of pitching its Daily Freightways business to Mainfreight, which it acquired that year. Mainfreight declares flat dividend, hands back $11m wage subsidy What do those customers look for from us? But, he said, the groups response at the outset of the pandemic had been unequivocal. So the idea was to make sure that our people were right, that our systems were ok, what customers could trade, and how we could help those customers as an essential service. JUDGES COMMENTS +64 27 403 0148+64 9 905 4804Jill.Steffert@iod.org.nz, The Auckland Branch acknowledges the generous support of. 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? Group managing director Don Braid said it was a significant result for the Mainfreight family, achieved during a tumultuous time in the worlds history and with success in every one of the five regions the company operated. You cant see yourself as an employer of 8500 people. At Management Magazine, our focus is to inspire New Zealands business leaders and the managers of today and tomorrow to succeed. It has largely grown earnings and revenue since 2008 and tripled its share price between early 2009 and today. Don: Im not sure its stress. I think with a driverless truck, well lose that ability of interaction with the customer on pickup or on delivery. Mainfreight boss Don Braid sees fresh opportunities in China's Belt and Road initiative, writes Bill Bennett. Check out our latest analysis for Mainfreight. "It's just a little rule that we've had because if they [analysts] keep calling us a trucking company they clearly haven't done their research.".