[16] In 2020, CaroTrans Chile was re-branded as Mainfreight Chile. COVID-19 has had a significant impact on freight and supply chains worldwide. Once it became a global pandemic we needed to react and adapt as quickly as we could. Talking in terms of the industry, salary represented approximately 91% of total compensation out of all the companies we analyzed, while other remuneration made up 9.3% of the pie. Copyright 2023 Institute of Directors 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". 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. "You can imagine what they need to eat, drink and use," says Braid in the boardroom of Mainfreight's building in Otahuhu. When other international airlines are finding their wings clipped, this straight talking, and well regarded leader, has proved his point. So take a peek at this free list of interesting companies. BRAID, Don - NBR | The Authority since 1970 While many of its NZX-50 peers have entered a period of stagnation, Mainfreight - it seems - thrives on hard times. Insight and analysis of top stories from our award winning magazine "Bloomberg Businessweek". We have been monitoring government updates regarding COVID-19 and are keeping up to date with Ministry of Health guidance with regard to events and public gatherings. In March 2011, Mainfreight entered the European market with the acquisition of Netherlands-based company Wim Bosman Group for 120 million; or $227 million. Deloitte Top 200 Award Winners Announced for 2019 Zac: Don, having a decentralized business, whats been your approach to leadership? In light of current trends, we will provide a nine-month trading update mid-February 2022. I think with a driverless truck, well lose that ability of interaction with the customer on pickup or on delivery. You can follow him on Twitter, New tourism plan sidesteps immigration elephant, Mortgage arrears up as rates start to bite, Investors queue up ahead of Du Val liquidity events, Affordable housing levy sparks fear and loathing in Queenstown. Don: We do weekly reporting on a Monday so you always understand how well youve gone across the business and across the network. Youve got to break it down. So what you produce in terms of profitability is real. Mainfreight Limited is a New Zealand logistics and transport company headquartered in Auckland. Likewise, his strongly-held beliefs relating to the importance of education and of recycling/ sustainability, continue to positively shape the Companys behaviours. Zac: Can you share more about your profit share? Despite international growth and success, Braid is passionate about keeping the company proudly Kiwi-owned and has been an outspoken voice on local transport and infrastructure matters. Zac: Whats a bit of business advice you can share? Its whether the toilets clean, the cafeteria clean, have people got a smile on their face? But well and behold, were in the perfect position not a lot of debt, trading really well, coming off a really good financial year the year before. We use functional and analytical cookies on our website to offer an optimal user experience. Forsyth Barr analyst Rob Mercer said the market had confidence in Mainfreight after it managed to grow revenue and market share and outperform its peers during the global financial crisis. His intellect and pragmatic approach is highly regarded at the Board table. We note that the salary portion, which stands at NZ$2.20m constitutes the majority of total compensation received by the CEO. When it comes to capable, motivational and effective leadership Sam Knowles delivers with interest. 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. Educated at Timaru Boys High School, Braid has been described as possibly the most self-effacing leader of major listed company in New Zealand and is widely regarded as straight-talking and strong leader. Theyre all networked, but theyre all distanced so we knew we needed to communicate really well with them and have a blueprint that we know would work. 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. 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. How do you measure this? Mainfreight has international operations in the United States through CaroTrans International and most recently Mainfreight International businesses after the 2007 acquisition of Target Logistics, in Asia (nine branches in China, one each in Taiwan, Singapore and Hong Kong). The key for me is to be in the business as much as possible, to be visible. Rising inflation and labour shortages have added to the Covid-19 melting pot, crippling global supply chains and trade growth. Don 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. Braid said Mainfreight was on track to push close to the $2 billion sales mark by March next year. 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. 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). Other Current Significant Directorships and Trusteeships: BUPA ANZ Pty Limited (Chairman), Adherium Limited, Clearspan Limited, Thinxtra Australia, Starship Foundation, Massey University Foundation. In addition, we use tracking cookies, which can collect information about you and follow your internet activity within our website, and possibly outside our website as well. Don Braid Possibly more important for its team of 8,000, the firm more than doubled its Christmas bonus for 2020, from $5.35m to $11m. Wishing you the best in England and when you return to NZ. In the leadup to the 2017 election, Braid said the country needed to be run by visionaries rather than a couple of accountants and he took aim at Nationals pledge to spend an extra $2.6b on Auckland transport. Should it change? Were thinking about being around for a hundred years. [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. They couldnt believe we trusted them to turn up when we needed them to turn up and leave when we needed them to leave. Braid recalls with horror the memory of listening to a chief executive refer to her workers as "FTEs" - full-time equivalents - during a radio interview. Aside from travel (usually), customers, and communicating with those in other countries I spend my time in front of our people and our leadership team, no matter where they are located. 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. Mainfreight declares flat dividend, hands back $11m wage subsidy "You need some energy and you need to be on the front foot," he says. Is our service or a product still current? I really want to be in front of those customers! Hi Tanya. Private parking spaces are also banned at Mainfreight - the group managing director has to find himself a spot in the carpark each morning after he drives through the front gate. If you trust your people, look after them and give them responsibility, theyll deliver. Don has over 40 years' experience in the freight industry, including 26 with Mainfreight. He brings strong financial skills and business acumen to the role. 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. After leaving Timaru Boys' High School Braid joined the New Zealand Shipping Corporation as a clerk in 1976. So it looks like Mainfreight compensates Don Braid in line with the median for the industry. He knows where the company is going and, more importantly, how it will get there. 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. Everyone stands on their own two feet. 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. Other finalists were: Briscoe Group managing director Rod Duke, NZX chief executive Mark Weldon, ex-Fonterra chief executive Andrew Ferrier, Xero founder Rod Drury, LanzaTech chief executive Jennifer Holmgren, Ngai Tahu Holdings Corp chief executive Greg Campbell, TZ1 founding chief executive and former Microsoft New Zealand chief executive Helen Robinson, Farmers/Whitcoulls owners David and Anne Norman and Ryman Healthcare chief executive Simon Challies. That includes a new facility for Owens Transport in Penrose, Auckland and additional land in Nelson, Hastings, Cambridge and Wellington. 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. Those people become good leaders early in the piece they might be only leading a couple of people by the time they make branch manager status but they understand the roles of leadership within Mainfreight. 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. 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. Where do we need to be? Bryan has a wealth of experience, both in executive and board roles. Id also be really focused on being in touch with customers. In 2007, Mainfreight acquired Target Logistics, a United States based forwarder with 34 offices, and an extensive agent network. Braid has been a beneficiary of the meteoric rise in Mainfreight's share price. Don Braid. He believes in fostering an innovative culture in the organisation and encourages top performances from his teams. Director Profiles | New Zealand - Mainfreight New Zealand-based logistics giant Mainfreight is celebrating the roll-out of two new custom-built enterprise software platforms, dubbed Mainmove and . I guess whats annoying is that we have got to wait for an election year to get this kind of stuff. 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. 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. As a Kiwi living in England and studying management currently, I have really enjoyed reading this interview. The Group MD & Director of Mainfreight Limited (NZSE:MFT), Donald Braid So weve got eight and a half thousand people and 282 locations. I will definitely be following the Mainfreight progress closely for when I return to NZ. [2] In 1979, Bruce Plested partnered with Neil Graham, with Graham based in Christchurch and Plested in Auckland. Don has over 40 years experience in the freight industry, including 26 with Mainfreight. In April 2007, Mainfreight announced its intentions to sell its Pan Orient Project Logistics business and its 75% interest in Lep Australia and New Zealand to global logistics company Agility Group for A$83 million. We will probably go back to normal but be ready to adapt, be flexible and look after your people theyll bring the answers to the table for you on what your business will look like in the future. 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. He joined Daily Freightways in 1978, gaining a thorough grounding in all aspects of the business and eventually heading up that company. We're trying to break all that down.". Look after our people, look after our customers, guard our cash, and embrace the opportunities that may arise.. How are we changing the business accordingly? So everything that we do is about being here for a long time. Brent is a senior reporter based in Queenstown. Experts say community investment is the future. Thanks for your comments about Don Braid and Mainfreight. Today he chairs a group of telecommunication companies. As we noted earlier, Mainfreight pays its CEO in line with similar-sized companies belonging to the same industry. 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. And in applying that New Zealand blueprint to all regions, we knew we were pretty much in control. So you need to make sure youve got succession planning to be able to work on the dream that youre creating. You may withdraw your consent at any time. Its having empathy and I think Im patient, determined, have belief and energy. 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.". Between 1994 and 1997 Mainfreight started acquiring former competitors, such as, Daily Freightways and Chem Couriers in 1994, a 75% shareholding in Lep New Zealand in 1996, and Combined Haulage and Senco Haulage in 1997. Where should we open next? 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. Mainfreight people, he says, don't "live in question marks". Don: Im not sure its stress. Other Current Directorships: Information and Communication Services Limited (Chairman), Seronic (NZ) Limited, and his family companies. Richard Prebble is by profession a lawyer. Its the individuals responsibility to arrive on time and stay until the jobs finished. We asked Group Managing Director Don Braid how Mainfreight has become one of New Zealand's most successful companies. And I think ultimately, yes, Im responsible for the business, but I enjoy what I do and having great people and a good lifestyle where I can stay fit and have some fun means the stress levels arent that high. What Can We Conclude About Mainfreight's (NZSE:MFT) CEO Pay? - Yahoo! And then its about exploring the long game. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Copyright 2023 | Business Changing Ltd. | Website by Casual Fridays. Don: Um, I think its recognising good people. Prior to joining Air New Zealand, he held range of senior management positions both within New Zealand and overseas, including roles with the National Australia Bank, Bank of New Zealand, Telecom NZ and ITV Group in the UK. Don: Theres been lots of things actually, like electric forklifts, the use of solar power Heres a good example: in New Zealand weve never had time clocks. 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. The government is pushing really hard for the major New Zealand companies to pay their suppliers on time, within 30 days. 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. Like most Kiwi business leaders, Braid is self-effacing and doesn't fancy talking to journalists about his life outside the company. Of course, you might find a fantastic investment by looking at a different set of stocks. Ideal traits we want to see in leaders are integrity, being trustworthy and capable of bottom up decision-making, not top down. With well-established locations that include China, Hong Kong, Taiwan, Malaysia, Thailand, Vietnam, Singapore, Japan and Korea, the Mainfreight global network continues to expand year over year. Its a huge level of success and theres satisfaction you get from that. Group Managing Director, Mainfreight. "I don't think any of those things are really of interest to this," he says. Whats interesting when you go into a pandemic or an event like this is what the balance sheet looks like. Moreover, Don Braid also holds NZ$171m worth of Mainfreight stock directly under their own name, which reveals to us that they have a significant personal stake in the company. 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. What Can We Conclude About Mainfreight's (NZSE:MFT) CEO Pay? Alternatively, email [email protected]. Leading into this, we had a number of market analysts suggesting our balance sheet was lazy and you know, undercooked. This article by Simply Wall St is general in nature. By becoming a supporter, you'll be helping us expand our independent journalism for the business community. WINNER He runs the businesses with consciously egalitarian slant and is no fan of bureaucracy or the trappings of hierarchies. [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. As a young salesperson aged 19, I couldnt make a cold call. 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. "But I was fascinated that he could present this picture of a skeleton of a company and present it so brightly.". Zac: Don, your 100-year vision how does that work? [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. Please note that with cookies disabled you will have a degraded experience with some features. I think its about ready-fire-aim: making sure were steady, allowing decisions to be made, and shaking them up as we get on. Whats changed? Previously, Don was a Political Columnist at Calgary Herald. Mainfreight boss: China 'understands our value' - NZ Herald 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. Don Braid of Mainfreight Limited presents key insights for directors about freight and supply chain patterns in the current climate. Do also serves as a member of the Board of the Starship foundation. Youve got to have good outlets. d***@mainfreight.com. So for the first couple of weeks of lockdown in New Zealand, we were wondering, how deep is this going to go? 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.
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