bruce plested, mainfreight

Plested's. I am proud to work in Sandoz Nordics where we have just been certified in Denmark as an accredited "Great Place to Work". But Plested also devours books that look askance at the global economic system. 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). He has also personally funded marinas at Tutukaka, pua and rkei. The High Court has backed the sale of Tilt Renewables to Powering Australian Renewables (owning the Australian business) and Mercury Energy (taking over the New Zealand business), and Tilt shareholders will meet on July 14 to vote on the deal worth $8.10 a share. Plans to develop Waiheke Island's first marina are opposed by Mori as well as rich-lister Bruce Plested, chairman and founder of Mainfreight with a $6.8 billion market capitalisation. Despite a steady recovery in 2021, the magazine was hit by a recent decline in volumes and rising costs. transactions overall, the S&P/NZX 50 Index drifted, closing on its low for the day at 12,518.01, down 48.49 points or 0.39 per cent. Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. Northport, a joint venture between Port of Tauranga and Marsden Maritime Holdings, is spending $8m on container infrastructure as volumes increase. This was the lion's share of the charity's total expenditure of $4.08m. Chia Sisters introduces game-changing drinks packaging taking inspiration from an unexpected sector. Plested is within a hair's breadth of becoming a billionaire - on paper at least - from his Mainfreight stake alone when the shares hit an all-time high $60.10 yesterday, valuing the 16.2 million shares he directly owns or oversees as a trustee at $974.7 million.The shares were trading this morning at $59.30 for a valuation of $960.55 million for Essentially the company helps firms move and store goods from A to B via land, air and sea. She says Plested learned his management style growing up in blue collar Grey Lynn with Maori and Pacific neighbours. In his 35-year career, Kevin Drinkwater has seen tremendous change and many fads. From his Auburn St offices at Takapuna, he spreads his hands wide to illustrate the size of what he discovered. Visit Lyon. They all know they are expected to look after customers, giving them a high quality freight service," he says. You can click here to see if those insiders have been buying or selling. Please note that with cookies disabled you will have a degraded experience with some features. It's possible your card provider is preventing us from charging the card. Under the visionary eye of founder and chairperson Bruce Plested, they say, the company's performance has demonstrated "total consistency, total focus". In March 2011, Mainfreight entered the European market with the acquisition of Netherlands-based company Wim Bosman Group for 120 million; or $227 million. We were spellbound.. Currently, he is Executive Chairman at this company and Chairman of Mainfreight GmbH (a subsidiary of Mainfreight Ltd.). "By having a generosity spirit, we get far more back than we give away" - Bruce Plested, Founder and Chairman of Mainfreight. He was later joined by Neil Graham. Mainfreight founder and chairman Bruce Plested. Aligned with shareholders. Property market metrics show the national average asking price is now almost $100,000 down on a year ago. Mainfreight is a global supply chain company that prides itself for having "special people, special company" . Bruce is a one-off," Duff said. Mainfreight also renamed Wim Bosman branches in the countries France, Poland, Russia and Ukraine under the Mainfreight name.[12]. It now sits at 79.3.ANZs chief economist Sharon Zollner said households were concerned about the rising cost of living, particularly those with large ANZs economists now expects house prices to fall 18% from the November 2021 peak and bottom out in June.It previously signalled they would fall 22% but noted housing market data has been stronger than expected. He earlier studied science at the Victoria University of Wellington. The Mainfreight culture is also focussed on the long term, and the business has a 100-year vision. "My involvement in these marina projects resulted in the sale of over 6000 marina berths.". 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. Leverage your professional network, and get hired. Working with Ngti Poa Iwi Trust Board and others in the community are aspects he takes pride in. payment) for sitting on the Board since 2014. In one example, the company had spent $20 million on an accounting system and had 50 people in its finance team. When the company was founded it entered a highly regulated transport market. Despite a steady recovery in 2021, the magazine was hit by a recent decline in volumes and rising costs. A licence from New Zealand Railways Corporation was needed to carry freight over 150km. Facilities for the wider boating community were, he said, a big plus on Waiheke. In addition to the all-hands Board meetings, the Board will have a number of . The business may have a requirement, but its our job is to make it even better than what they thought they wanted. Mainfreight chair and NBR Lister Bruce Plested has sold $75 million in Mainfreight shares to buy more property in Waiheke. Read Less Key Principal: Bruce George PLESTED See more contacts Industry: Warehousing and Storage , Freight Transportation Arrangement , Transportation and Warehousing , General warehousing and storage , Special warehousing and storage, nec madness, quite extreme. FedEx remains UPS's biggest competitor. Celebrating our founder, Bruce Plested's 80th Birthday at Mainfreight Warehousing Toronto! Having started his own freight business in 1978 when he set out with $7200 and an old Bedford truck, 78-year-old Plested now chairs a global juggernaut that goes from strength to strength. . The Mainfreight founder also has a social conscience. "At the moment, you only need to go 200m off from Oneroa and discharge." transactions overall, the S&P/NZX 50 Index drifted, closing on its low for the day at 12,518.01, down 48.49 points or 0.39 per cent. 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. His intellect and pragmatic approach is highly regarded at the Board table. Bruce believes people grow when they are given this responsibility. Mainfreight has a policy of developing people and promoting them internally. Reminder, this is a Premium article and requires a subscription to read. "In more recent times I just read business books, which is quite naughty, he adds. This past Friday marked my final day with Mainfreight. Reminder, this is a Premium article and requires a subscription to read. He says education is an area where New Zealand could improve by teaching students how to create new technology, rather than just be passive users of it. On 11 June 2007, Mainfreight 'signed a call option deed' to purchase the entirety of the shares of Australian-based Halford International. He has also lent his considerable support to not-for-profit organisations such as the Starship Foundation. This information will be used to measure the effectiveness of our advertising from various channels and to offer you personalised ads. The definition of company insiders can be subjective and does vary between jurisdictions. He recalls the money was for spending, not investing. In the 12 months ended June 2021, the Alan Duff Charitable Foundation received $3.65 million, mostly grants and donations, and included a $110,000 investment dividend. On the plus side for Mainfreight shareholders, Bruce Plested has elected not to receive remuneration (i.e. Quite a few analysts cover the stock, so you could look into forecast growth quite easily. Mainfreight International was Mainfreight's first international sea and airfreight business and was started in 1984 by Bruce Plested's brother Gerald. The shocking amount some people have saved, and why speaking with a financial advisor could help increase your returns and alleviate stress. Mainfreight Limited is a listedNew Zealand logistics and transport company headquartered in Auckland. Mainfreight is hosting a BBQ for customers, family and friends on September 22nd! 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. There are no company memos and as little email as they can get away with. Ideas. This is a world where budgets are deemed 'bullshit'. In 2003 Mainfreight bought Owens Group, one of New Zealand's largest trucking firms. As for new sector-specific technologies, he says that driverless trucks are on their way but the technology isnt here yet. Notably, sometimes top-level managers are on the board themselves. "Some of it comes from within, some comes from experience, knowing what works and what doesn't. They make their own decisions and have autonomy, but they want 'Dad' to be happy with them. Today Mainfreight has been transformed into a major international logistics company with 6011 employees working in 233 operations around the world. [14], In September 2007, it was reported by Business Wire that Mainfreight had signed a merger agreement with NYSE American-listed Target Logistics for $2.50 a share; for a total of US$54 million. Retailer Briscoe Group was down 11c or 1.91 per cent to $5.65; Air New Zealand lost 3.5c or 2.11 per cent to $1.62; AFT Pharmaceuticals fell 10c or 2.15 per cent to $4.55; Scott Technology declined 9c or 3.5 per cent to $2.48; Vista Group decreased 8c or 3.43 per cent to $2.25; and Plexure Group was down 4c or 5.33 per cent to 71c. This size of ownership gives retail investors collective power. 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 . Alternatively, email editorial-team (at) simplywallst.com. Empowerment can be rewarding in other ways. Founded in 1969 as Dunedin Customs Brokers Ltd, DCB International provides international air and sea freight services from Dunedin. "I went crook at Alan. There were 76 gainers and 67 decliners over the whole market, with 50.85 million shares worth $278.23m changing hands. "We'd find a soft spot and dig eight to 10ft in and find these cannonballs," recalls the engineer, now in his mid-70s. 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. 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. Appointment to Board 1978 - With Mainfreight since 1978. Bryan has a wealth of experience, both in executive and board roles. He is also fast-moving. "On the back of that, some falls in fixed mortgage rates and the pro Lost crops are expected to knock production by $100m a year. For more information, please visit our cookie statement. You can see Mainfreight's historic earnings and revenue below, but keep in mind there's always more to the story. In 2007, Mainfreight acquired Target Logistics, a United States based forwarder with 34 offices, and an extensive agent network. We wont charge for 10 days. They put it up for sale in 2012 with an asking price of. Mainfreight Ltd. engages in the freight logistics services and supply chain solutions. He imagines he follows the rules but still gets "hauled off to a concentration camp". Greg Hurrell left a journalism career to work around the Middle East for 23 years and returned to New Zealand full-time in 2020. 2 Trust's extensive shareholding at $75 a share. Reporting directly to the CEOfirst to founder Bruce Plested, and then to Don. Northport is forecasting a 15 per cent lift in container traffic volume for the financial year ending June. It has a market capitalization of NZ$6.8b. The six-bedroom, seven-bathroom waterfront plantation with its own winery is owned by businessman David Parkinson and wife Deidre Crawford. Celebrating our founder, Bruce Plested's 80th Birthday at Mainfreight Warehousing Toronto! He hasnt made any plans beyond the summer other than continuing as chair of Duffy Books in Homes, but he will be looking at new opportunities that crop up. Formerly Halford Young, Halford is a private logistics company and freight forwarder with operations and networks in Australia and New Zealand, Japan, Germany, throughout Asia and the United States.[6]. Braid says Plested's vision is for the future. Plested gave the charity $250,000 in 1998, which Duff used to buy shares in the company. Mainfreight employees are empowered to make decisions. Likewise, his strongly-held beliefs relating to the importance of education and of recycling/ sustainability . (Image: Supplied). He will officially leave the business at the end of this year and his successor, John Eshuis, who has held finance and IT roles at Mainfreight since 2002, has been named his successor. This suggests some credibility amongst professional investors. I love the cloud concept; I dont like the cost so we have a fraction of our compute in the cloud ,and [yet] it costs us almost as much as all the HPE equipment we have in our primary and secondary data centres.. Weve probably trebled in size since then, yet were still using the same footprint. Copyright 2023 IDG Communications, Inc. Mainfreight group managing director Don Braid says: "The $1000 gift was unexpected, but in a way it came as no surprise to those who had worked with Bruce for some time. [5] When deregulation of land transport occurred in October 1982, Mainfreight quickly took advantage of the opportunities presented and won a large share of the freight market. Located in a very diverse region rich in assets, not only geographically (relief, climate), but also economic and human, the Lyon-Grenoble Auvergne-Rhne-Alpes is the latest INRAE centre to be created. "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. Founded by Bruce Plested who started the company with just NZD$7000.00 and a 1969 Bedford Truck.
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