How Much Of Mainfreight Limited (NZSE:MFT) Do Insiders Own? - Yahoo News Additionally, the company's CEO Donald Braid directly holds 2.8% of the total shares outstanding. 343 Engineer jobs in Grenoble, Auvergne-Rhne-Alpes, France (5 new) "[8], In June 2013, Mainfreight launched a lawsuit seeking 11 million or $18 million against Wim Bosman Group's former owners. Insiders At Mainfreight Have Bought Stock Recently Over the last three months, we've seen significantly more insider buying, than insider selling, at Mainfreight. 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. Mainfreight 5 years 8 months National Sales Manager Apr 2021 - Present2 years 1 month New Zealand Sales Manager Jan 2020 - Apr 20211 year 4 months Auckland, New Zealand Account Manager Apr 2018 -. "Completion of the whole project will be at the end of next year," Mair said. His intellect and pragmatic approach is highly regarded at the Board table. Market close: Mainfreight chairman Bruce Plested sells $75 million Boats will discharge into facilities at the bay end of the marina. I generally like to see some degree of insider ownership, even if only a little. Reminder, this is a Premium article and requires a subscription to read. Mainfreight on LinkedIn: Northlake Warehouse Visit Lyon. Fri, 13 May 2022 "I've always been interested in education. The Mairs enjoyed sailing and fishing. report on analyst forecasts for the company. The government vs Mainfreight. Exit interview: Mainfreight CIO shares tech insights before signing off Current positions of Bruce Plested Holdings of Bruce Plested Bruce Plested : Personal Network 04/04 Mainfreight commenced operations in Auckland in 1978 and is the largest freight company in New Zealand. One broker, who didn't want to be named, said Plested no doubt sold the shares to buy an asset. 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 is fiercely proud of the Mainfreight culture seeing this as a key reason customers choose Mainfreight over the competition. click here to see if those insiders have been buying or selling. Insider ownership is positive when it signals leadership are thinking like the true owners of the company. 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. 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.. In the meantime, opponent SKP hopes to go to court this month. You can find historic revenue and earnings in this detailed graph. "At the moment, you only need to go 200m off from Oneroa and discharge." People are given free rein and that means sometimes they make mistakes. 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MAINFREIGHT LIMITED Company Profile - Dun & Bradstreet He was also involved in maritime projects in Singapore, Malaysia and Borneo followed. Drinkwater started at Mainfreight in 1986 as its financial controller, and he has held several roles, including in sales and warehousing in New Zealand and the US. We can see that Mainfreight does have institutional investors; and they hold a good portion of the company's stock. At the time Plested said he just wanted to say thank you to the people who had given him so much. Its the end of the road at Mainfreight for CIO Kevin Drinkwater, who officially retires on 31 December 2020. In November 2014, Mainfreight acquired a regional air and sea freight company located in Dunedin. Mainfreight chair and NBR Lister Bruce Plested has sold $75 million in Mainfreight shares to buy more property in Waiheke. The list of best things to do in Auvergne-Rhne-Alpes includes sightseeing, pretty towns, history, and natural wonders! 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Mainfreight's Competitors, Revenue, Number of Employees, Funding This morning in assembly, we had the privilege of having two distinguished Old Boys do a panel - Peter Thompson '76, Managing Director of Barfoot & Thompson, and Bruce Plested '55, Executive . Thats why we divide the profit at the branch evenly. 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. A look at the shareholders of Mainfreight Limited (NZSE:MFT) can tell us which group is most powerful. You wont get many consultants that tell you to build a bespoke system.. Chia Sisters introduces game-changing drinks packaging taking inspiration from an unexpected sector. Doesnt matter what your position is. To join your company account for BusinessDesk and enjoy full access, We were spellbound.. Port of Tauranga was up 4c to $7.30, and Marsden was down 3c to $6.02. Current positions of Bruce Plested Holdings of Bruce Plested Bruce Plested : Personal Network 04/12 He is most proud of his professional qualifications. Global marketer a2 Milk's recovery ran out of puff after falling 18c or 2.93 per cent to $5.97. You may withdraw your consent at any time. The relationship has been ongoing. Braid says instead of these there's a lot of "picking up the phone and talking". 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. The Board of Directors typically meet once a month for Board meetings. Mainfreight heading for 'impressive' record profit on pandemic - Stuff madness, quite extreme. Last period it bought $2.88m worth of them. Mainfreight founder says bonuses help solve inequality and - Stuff Photo / NZME. 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. We will remind you three times before charging you. The company was founded in New Zealand in 1978 and used a series of acquisitions to fuel an international growth strategy. Plested runs the business as a series of semi-autonomous branches -- that way each employee can feel they are part of a close-knit team. Profile. If youre in the kitchen or the branch manager, you get the same amount of dollars based on your branchs performance, Drinkwater says. Weve probably trebled in size since then, yet were still using the same footprint. The marina will be open to the public during daylight hours, with access available to the main marina pier and caf. During the first lockdown in March 2020 when COVID-19 was set to rage across New Zealand and mass unemployment was expected if the economy crashed, he wondered if it was time to give someone else a go at Mainfreight. See more CEO Bruce George Plested founded Mainfreight Ltd. 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." With Christmas looming, Drinkwater is looking forward to taking some time out, project-managing his familys new house build in Russell, and getting to grips with the drone hes been given. It's grotesque if you see what they're trying to do," Plested said of Tony Mair's 186-berth marina proposal for Putiki Bay, Kennedy Point. Something else binds employees to their branch: Mainfreight pays a bonus on a branch by branch basis where 10 per cent of net profit goes to employees. To join your company account for BusinessDesk and enjoy full access, 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. 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. The Top 200 Awards judges say he built a global transport company from nothing and has done many wonderful things along the way. 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. Bruce believes people grow when they are given this responsibility. He has also been involved in organisations outside Mainfreight, notably TUANZ when it was lobbying for a national fibre network a decade ago, and as the current chair of Duffy Books in Homes. This can be incompatible with technology, which is constantly changing. Insights Newsletter. Reminder, this is a Premium article and requires a subscription to read. Other Current Directorships: Information and Communication Services Limited (Chairman), Seronic (NZ) Limited, and his family companies. Plested and Braid are based at unfashionable Otahuhu in South Auckland. We, Yahoo, are part of the Yahoo family of brands. It now has 22 company depots in Australia and relies on agents and third parties in the Northern Territory, Tasmania and some of regional Australia. 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 certification is based. Executive Summary. The hidden mansions of Billionaire's Bay | Stuff.co.nz Bruce Plested, founder of Mainfreight, said his business partner of 36 years was "the humourist and salesman without peer". One of the critical areas that we need to improve on is using data to create more predictability, he says. The business may have a requirement, but its our job is to make it even better than what they thought they wanted. Its a way of saying things that couldnt be said elsewhere, Plested said. No BusinessDesk Notably, sometimes top-level managers are on the board themselves. Chia Sisters introduces game-changing drinks packaging taking inspiration from an unexpected sector. The project was sold by South British Insurance to Wilkins & Davies. Mainfreight - Wikipedia Some small berths in the centre and other longer berths further out into the bay are unsold. subscription needed. Find out more about how we use your personal data in our privacy policy and cookie policy. You can click here to see if those insiders have been buying or selling. Tilt's share price edged ahead 2c to $8.02. 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. Subscribe to our free 7am Headlines newsletter. Find out He has a home on Waiheke and said the marina was not in the locals' interests. This past Friday marked my final day with Mainfreight. Click on [Agree] or [Disagree] to accept or refuse cookies. This risk is higher in a company without a history of growth. Target operate domestic and international time-sensitive freight-forwarding and logistics services through its wholly owned subsidiary, Target Logistic Services. [9], Within its announcement, the Mainfreight sad, "Wim Bosman is a well respected, profitable organisation which will provide Mainfreight with a significant European presence and opportunity to further grow its supply chain logistic services throughout the world. But to understand Mainfreight better, we need to consider many other factors. The share sale was disclosed to the NZX today and indicated one million shares were sold from Rorohara No. The Mainfreight culture is what has kept Drinkwater at the company for so long, which he describes as like you would expect a family to be. As Chairman and Founder, Bruce shares his vision for the Company with the Mainfreight team, bringing a particular focus to quality and our culture. 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. Top 10 UPS Competitors in 2023 He brings strong financial skills and business acumen to the role. Kitt Littlejohn, an independent director of the marina business, says construction began in March because a valid resource consent existed. Bruce Plested. Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. "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. Recent reads includeKleptomania: How Dirty Money is Conquering the World by Tom Burgiss, and Affluenza by Oliver James, a treatise on how consumerism on steroids is making people miserable and unfulfilled. The top 10 UPS competitors are; FedEx, DB Schenker, Mainfreight, United States Postal Service, DPDgroup, Purolator, CEVA Logistics, C. H. Robinson, DHL, and YRC Worldwide. 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. Director Profiles - Mainfreight For six years, he has fought to build an Auckland marina adjacent to SeaLink's vehicle ferry terminal and breakwater on Waiheke Island. The seafloor slopes naturally, eliminating any need for dredging. Selwyn has worked with Plested for 41 years, since before he started Mainfreight. Books are important to him. In addition to the all-hands Board meetings, the Board will have a number of . You can access this free report on analyst forecasts for the company. 1. Few other business leaders think in terms of a 100 years or so. Liked by Tansy Austin. Its usually considered a good sign when insiders own a significant number of shares in the company, and in this case, we're glad to see a company insider play the role of a key stakeholder. Liked by Brad Greer. He has also lent his considerable support to not-for-profit organisations such as the Starship Foundation. The broad rally seen over the previous three trading days also petered out. Plested continues to be an avid reader, and lately novels have been saved for plane trips, whereas Plested prefers them to in-flight movies. He is also on the board of Rorohara No 2 Trust. It isnt only schools that lack technology know-how, its also company boards, where Drinkwater says they are often led by consultants. -Warehouse BDM / ()_Warehouse BDM / () Mainfreight is a rapidly expanding international business, so there's no shortage of overseas postings on offer. This suggests some credibility amongst professional investors. In March 2011, Mainfreight entered the European market with the acquisition of Netherlands-based company Wim Bosman Group for 120 million; or $227 million. Take IDCs ERP Modernization Maturity Assessment to benchmark your organizations progress against your peers. With 5.1% and 4.6% of the shares outstanding respectively, Fisher Funds Management Limited and Harbour Asset Management Limited are the second and third largest shareholders. On March 9, Kennedy Point Boatharbour began construction on-site of the island's first marina: a 186-berth project with 71 private car parks for berth holders, a new wharf, a central-spine walkway, cafe, offices, toilets, laundry and showers and stand-up paddleboard storage. In one example, the company had spent $20 million on an accounting system and had 50 people in its finance team. They make their own decisions and have autonomy, but they want 'Dad' to be happy with them. 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. Last year, CoGo partnered with Westpac to promote its carbon tracker to the bank's customers. Mainfreight has 9,240 employees, of which 8 are in a leadership position. Mair estimates a quarter of berths are for sailboats, the rest for motorboats. authenticate users, apply security measures, and prevent spam and abuse, and, display personalised ads and content based on interest profiles, measure the effectiveness of personalised ads and content, and, develop and improve our products and services. Mainfreight is a global supply chain company that prides itself for having "special people, special company" . Mainfreight was founded on 6 March 1978 by Bruce Plested who started the company with just $ 7,200 and a 1969 Bedford truck. Mainfreight founder Bruce Plested says businesses can help solve inequality and low wage growth through profit sharing with employees, which this year cost the company $27 million. The Founding Owner & Executive Chairman of Mainfreight Limited (NZSE Mainfreight CEO and Executives. As for new sector-specific technologies, he says that driverless trucks are on their way but the technology isnt here yet. Napier Port held an institutional investor day and rose 14.8c or 4.52 per cent to $3.42.

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