What are the things you do that maybe others dont do that actually make you lead this organization? By becoming a supporter, you'll be helping us expand our independent journalism for the business community. 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. "I don't think any of those things are really of interest to this," he says. 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. Mainfreight's Don Braid rose above a solid field of finalists to be named New Zealand Herald Business Leader of Year. Terms of use 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. Thats the key. He brings strong financial skills and business acumen to the role. This article by Simply Wall St is general in nature. 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). The government is pushing really hard for the major New Zealand companies to pay their suppliers on time, within 30 days. 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What more could I be doing in the business to actually grow my revenues in these difficult times? Zac: Don, what makes you good? Mainfreight International was Mainfreight's first international sea and airfreight business and was started in 1984 by Bruce Plested's brother Gerald. And thats that. Im not sure well see driverless trucks in NZ for some time to come. This information will be used to measure the effectiveness of our advertising from various channels and to offer you personalised ads. The relationships we develop, both with suppliers and with customers, are there for the long term. So we have these 282 locations across 20 countries how do we get them each operating at their peak, every day? Who wouldnt want exposure to the retirement sector? Don: The culture is really important and our culture starts with those closest to the customer. We use functional and analytical cookies on our website to offer an optimal user experience. For the latest updates on face to face courses and our safety planning see ourresponse to COVID-19 page. I think the only measure of whether weve got the culture right will be seen in the numbers and in the customer service. He is an outstandingly consistent and capable chief executive. "I just think that's disgusting," he says. And what do you believe leaders need to excel at? Mainfreight is publicly listed on the NZ Stock Exchange with a market capitalisation of $8+ billion. So everything that we do is about being here for a long time. Chief executive, Air New Zealand As we noted earlier, Mainfreight pays its CEO in line with similar-sized companies belonging to the same industry. 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. Insurers support an immediate managed retreat for recent flood victims. 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. Don Braid. And if you dont make a profit, theres no bonus that year. CEO compensation can have a massive impact on performance, but it's just one element. 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. Braid has earned a reputation within the market as a straight talker and one of the most effective NZX-50 bosses. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. 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. "I think we're a better business because of adverse economic conditions, there's no doubt about that," he says. So it looks like Mainfreight compensates Don Braid in line with the median for the industry. What do those customers look for from us? New Zealand Shareholders' Association corporate liaison Des Hunt says Braid is one of the most effective listed company bosses in this country. 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. "We were exposed to Covid-19 quite early in the piece, probably earlier than many others because of our operations in China. At Management Magazine, our focus is to inspire New Zealands business leaders and the managers of today and tomorrow to succeed. Simon has a long association with Mainfreight having served as the Companys main adviser for acquisitions, debt structure and other matters since 2003 (through Grant Samuel & Associates), prior to joining the Mainfreight Board. Managing director Don Braid said the result was pleasing, particularly in light of supply chain congestion and ongoing lockdown disruptions in most of Mainfreight's markets. Pot vote has Oklahoma hungry to rake in green from Texas, How Ron DeSantis misreads Corporate America, Tesla recalls 3,470 Model Y vehicles over loose bolts, 3 big things in investing you might have missed this week, UPDATE 1-North Korea says US causing international arms control collapse. "That gives us an enormous amount of opportunity.". 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. Mainfreight people, he says, don't "live in question marks". Since the acquisition of the Wim Bosman Group the eurozone has spiralled to the brink of economic disaster, but 52-year-old Braid says doing business on the debt-ravaged continent is nothing other than an "exciting" prospect. Possibly more important for its team of 8,000, the firm more than doubled its Christmas bonus for 2020, from $5.35m to $11m. Brent is a senior reporter based in Queenstown. He joined Daily Freightways in 1978, gaining a thorough grounding in all aspects of the business and eventually heading up that company. 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. Also, such solid returns might lead to shareholders warming to the idea of a bump in pay. Click on [Agree] or [Disagree] to accept or refuse cookies. Early on, New Zealand had great lessons to take to the rest of our network. We offer lots of training as well, internally and externally. How do you measure this? Richard has been elected a fellow of the Chartered Institute of Logistics and Transport. 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. Bryan has a wealth of experience, both in executive and board roles. 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. DCB had a staff base of five employees on the date of acquisition, however, staff was expected to rise to seven employees. "I probably wasn't qualified enough to go to university," Braid says. Of course, you might find a fantastic investment by looking at a different set of stocks. Mainfreight commenced operations in Auckland in 1978 and is the largest freight company in New Zealand. "There's no bureaucracy or hierarchy or superiority in the business. Look after your people and theyll look after the business. You need to have been there 12 months to earn the full bonus that everybody else gets. Group Managing Director, Mainfreight. It remains a very exciting journey., Spearheading the management team at New Zealands largest supply chain logistics and transport company has paid off handsomely for, Well known for his mental and physical toughness, Braid is often seen working out at The Atrium Club in downtown Auckland, which offers real world fitness for men. His sartorial style was also recognised in 2006 when he was judged the national winner of the. Don: With this event in front of us right now, I think cash is king, and the collection of cash. 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. 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. Concerned about the content? Once we convinced them that they didnt need a time clock, they took to them with a sledgehammer. Don has over 40 years' experience in the freight industry, including 26 with Mainfreight. I will definitely be following the Mainfreight progress closely for when I return to NZ. Today he chairs a group of telecommunication companies. As Chairman and Founder, Bruce shares his vision for the Company with the Mainfreight team, bringing a particular focus to quality and our culture. What have we got right? He delivers on Mainfreights bold and expansive strategy while still bringing home the bacon for his shareholders. Ideal traits we want to see in leaders are integrity, being trustworthy and capable of bottom up decision-making, not top down. 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. He is 100 percent dedicated to Mainfreight and its future and has led the company in consolidating its position as an international business, progress which will bring rewards not only for that company but for New Zealand as it continues to expand offshore. He runs the businesses with consciously egalitarian slant and is no fan of bureaucracy or the trappings of hierarchies. Don Braid is Managing Director/CEO at Mainfreight Ltd. See Don Braid's compensation, career history, education, & memberships. 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. [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. We applaud that; weve always paid every supplier on the 20th of the month following and we ask the same of our customers. 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. Theres no bullshit in the numbers, they are what the business has earned. enter your email and well send you details. It has been listed on the New Zealand Exchange since 1996. We asked Group Managing Director Don Braid how Mainfreight has become one of New Zealand's most successful companies. Mainfreight managing director Don Braid, left, and founder and chairman Bruce Plested who says businesses should share profits with workers. Don has over 40 years experience in the freight industry, including 26 with Mainfreight. | He joined Daily Freightways in 1978, gaining a thorough grounding in all aspects of the business and eventually heading up that company. "We need to try and paint the picture around Mainfreight here and what Mainfreight is, that to me is of more interest than whether I like rugby or cricket. We've identified 1 warning sign for Mainfreight that investors should be aware of in a dynamic business environment. [17], "Shareholding Information - Mainfreight Limited", "Mainfreight co-founder Neil Graham dies", "Road transport regulation a controversial measure to protect railways", "Mainfreight announces agreement to acquire Halford International", "Mainfreight breaks into Europe with $227m acquisition", "Mainfreight sues for $18m after shock client loss", "Mainfreight gets $14m payout - drops Euro claim", "The Wim Bosman Group becomes Mainfreight", "Mainfreight sells Pan Orient Project Logistics and its 75% shareholding in LEP (New Zealand and Australia) for over A$83 million", "Mainfreight Limited (Mainfreight) completes sale of Pan Orient Project Logistics", "Target Logistics, Inc. Agrees to be Acquired by Mainfreight Limited", https://en.wikipedia.org/w/index.php?title=Mainfreight&oldid=1136159997, Daily Freight (NZ), Carotrans (Worldwide), Owens (AU/NZ), ChemCouriers (AU/NZ) Mainfreight Europe (EU), This page was last edited on 29 January 2023, at 01:07. The firm's shares have been one of the best performing stocks on the NZX, returning more than 20 per cent in the year to date. We dont call them staff for us, they are our people or our team. I'm pleased I didn't do anything else.". 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. When other international airlines are finding their wings clipped, this straight talking, and well regarded leader, has proved his point.
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