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I give them the ability and the responsibility to deliver, and I give them great support and lots of guidance. Our website uses cookies to give you the best possible experience and to help us understand how our site is being used. Don Braid is Managing Director/CEO at Mainfreight Ltd. See Don Braid's compensation, career history, education, & memberships. That includes a new facility for Owens Transport in Penrose, Auckland and additional land in Nelson, Hastings, Cambridge and Wellington. 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. It doesnt matter what the worlds thrown at them, theyve shown they are capable of dealing with it. After receiving the 2016 Infinz Leadership Award he told staff if this is a tick in the box for the way we have done things or are trying to do, and for what were trying to create, then well take that tick. Proud of its family ties, Mainfreight also employs Braids sons, Jason and Corey. 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. I think weve done 17 to date since Covid and weve got another six or eight for the next two weeks just for New Zealand and theyve adapted. Its about making sure they dont lose the disciplines that make us who we are but embracing them as people delivering for our customers. We offer lots of training as well, internally and externally. 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 NewZealand and internationally. Lessons from the Managing Director of one of NZ's most successful [7] This takeover was in response to the purchase of Tranz Rail by Australian transport firm Toll Holdings. Where should we open next? Zac: Can you share more about your profit share? 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. Check out our latest analysis for Mainfreight. 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. 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 believes in fostering an innovative culture in the organisation and encourages top performances from his teams. 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. Target operate domestic and international time-sensitive freight-forwarding and logistics services through its wholly owned subsidiary, Target Logistic Services. Wed prefer to shake hands and know that our integrity and the way that we do business works with our partners long term. How does that actually work, practically? Any enquiries, or to book a table, please emailNatalie Spratt, Auckland Branch Coordinator. So what you produce in terms of profitability is real. If you trust your people, look after them and give them responsibility, theyll deliver. Spearheading the management team at New Zealands largest supply chain logistics and transport company has paid off handsomely for Mainfreight group managing director Don Braid. An unabashed promoter of New Zealand success, he has an extensive background in the banking industry in New Zealand and Australia, with senior management experience in marketing, strategic planning, retail services and business development. "I think we're a better business because of adverse economic conditions, there's no doubt about that," he says. [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. A licence from New Zealand Railways Corporation was needed to carry freight over 150km. A table of ten booking is available for $1000.00, subject to availability at the time of booking. Some of the leading players in the listed retirement sector have been raising capital. BusinessDesk has a paywall for most of its content. Braid said Mainfreight was on track to push close to the $2 billion sales mark by March next year. Component 2020 Don: What we do is measure profit before tax at the branch level and that includes interest and depreciation. We applaud that; weve always paid every supplier on the 20th of the month following and we ask the same of our customers. For me its being in the business, with people and in particular with customers. "It's not about what I've done - it's about what we've done and what the business has done," he says. "He's sporting and tough and makes decisions quite fast," Plested says. Kiwis know the firm largely through its blue trucks that ply our highways, but the company also utilises sea, train and air freight to transport goods around the world. 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. "He never talks about himself and always talks about long-term goals," Hunt says. So everything that we do is about being here for a long time. See the full transcript below. "We've been in China for 20 years. Braid has been a beneficiary of the meteoric rise in Mainfreight's share price. Don Braid (Mainfreight) Credit: Mainfreight . Previously, Don was a Political Columnist at Calgary Herald. The long-term effects must be carefully studied. Mainfreight's straight-talking group managing director has an infectious zest for business. I will definitely be following the Mainfreight progress closely for when I return to NZ. 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. The price of the rights fell as low as 7.5 cents on the last day of trading. 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. [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. Braid said Mainfreight was on track to push close to the $2 billion sales mark by March next year. 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. At the end of the day, the decisions they made will be seen in the weekly results. It is our strong belief that the momentum we have will continue, and will develop at a faster pace than we have experienced in the past, thanks to our people, our network and our culture. In this episode, Bronson explains how the lessons he learned in the kitchen translated to the booth, the reason money can never be the motivation for creating art, and why he believes that imperfections are the best part of any masterpiece. 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. Group Managing Director, Mainfreight. I'm pleased I didn't do anything else.". Getting decisions made as close to the customer as possible is probably our secret and giving that responsibility to those in the branches. Don: Well, the numbers never lie, right? The multinational logistics and transport group announced a year end dividend of 45 cents a share, taking the full dividend for the year to 75c, up 27% on the prior year. Zac: Don, your 100-year vision how does that work? Braid said that while Mainfreights people can be proud of the way they stood up to be counted, there would continue to be uncertainty with heavily congested supply chains continuing to affect the worlds freight lanes. 'Ready, fire, aim' is Mainfreight man's mantra | Stuff.co.nz As Chairman and Founder, Bruce shares his vision for the Company with the Mainfreight team, bringing a particular focus to quality and our culture. | The Group MD & Director of Mainfreight Limited (NZSE:MFT), Donald Braid 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). Investors who take an interest in Mainfreight Limited ( NZSE:MFT) should definitely note that the Group MD & Director, Donald Braid, recently paid NZ$74.61 per share to buy NZ$500k worth of. 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. Get in touch with us directly. He brings strong financial skills and business acumen to the role. Mainfreight - Wikipedia His first job after leaving school was as a clerk with the Shipping Corporation before he moved on to Sea Freightways and then Daily Freightways, which was sold to Mainfreight in 1994. Chief executive, Air New Zealand How are we changing the business accordingly? Is Mainfreight Limited (NZSE:MFT) Overpaying Its CEO? - Yahoo! While many companies have been battening down the hatches this year, Mainfreight has been on the acquisition trail - purchasing a Netherlands-based freight business which operates in Belgium, France, Romania and Poland and Russia. The Biosecurity Business Pledge group has launched two new biosecurity guides. 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. Insight and analysis of top stories from our award winning magazine "Bloomberg Businessweek". Though his father was a truck driver, Timaru-born Braid cant recall being influenced by this. Mainfreight also renamed Wim Bosman branches in the countries France, Poland, Russia and Ukraine under the Mainfreight name.[12]. The firm's shares have been one of the best performing stocks on the NZX, returning more than. 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. Fyfe joined Air New Zealand at the start of 2003 as chief information officer, before becoming group general manager airlines from October 2003 until his appointment as CEO in October 2005. The NZ team, who had really done a great job through the Kaikoura and Christchurch earthquakes, quickly put together a plan on how to react. He is fiercely proud of the Mainfreight culture seeing this as a key reason customers choose Mainfreight over the competition. FINALIST Director Profiles | New Zealand - Mainfreight This analysis will also evaluate the appropriateness of CEO compensation when taking into account the earnings and shareholder returns of the company. Contact. Rob Fyfe is the polished and personable face of the new lean and globally competitive Air New Zealand. Alternatively, email editorial-team@simplywallst.com. Don: The recruitment of our people sits with the branch managers. He knows where the company is going and, more importantly, how it will get there. 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. d***@mainfreight.com. You may withdraw your consent at any time. 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. People thrive on being given responsibility. Chief executive, Kiwibank In that respect, NZ was the worst effected with weekly revenues during April 2020 down by about 40% on average levels. So you need to be committed for the long term.The clich about the beach, the BMW and the boat it looks pretty attractive after 10 years of hard work but what could you have created after a hundred years and have you got something thats a bit special?I think you need passion, energy, belief and the ability to develop people to run the business for the future. Mainfreight commenced operations in Auckland in 1978 and is the largest freight company in New Zealand. And he should know, having spent his entire working life in the freight industry. This strong performance might mean some shareholders don't mind if the CEO were to be paid more than is normal for a company of its size. He has led the company in strengthening its global logistics business and ensuring an increased diversification of revenue streams across many countries, trade lanes and activities provides natural protection for earnings. I might get a little bit wound up about stuff, a bit passionate about things, but I think you cant get so involved that you think about nothing else. Today he chairs a group of telecommunication companies. As a young salesperson aged 19, I couldnt make a cold call. With Don Braid at the wheel, Mainfreight is in safe and skilful hands. Deloitte Top 200 Award Winners Announced for 2019 Their understanding of disciplines and what the expectations are embedded early on so our culture is strong and then you give them responsibility. So long term, we have a really experienced leadership team. New Zealand Shareholders' Association corporate liaison Des Hunt says Braid is one of the most effective listed company bosses in this country. In the 12 months to March 31, Mainfreight - which has been one of the top performing stocks on the NZX this year - posted record sales of $1.34 billion. Mainfreight Limited has seen its earnings per share (EPS) increase by 19% a year over the past three years. His father was a truck driver, but he says that didn't influence his career decisions. How do you maintain a positive culture and a time of crisis? 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. Director Profiles - Mainfreight He is an outstandingly consistent and capable chief executive. He has an enviable track record of integrity and professionalism and wide ranging business experience. Don: I think empathy is really important. What havent we got right? Concerned about the content? We tackle critical leadership, management and economic issues as well as profiling successful local and global leaders. What more could I be doing in the business to actually grow my revenues in these difficult times? 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. enter your email and well send you details. The CEO of Mainfreight Limited (NZSE:MFT) is Don Braid, and this article examines the executive's compensation against the backdrop of overall company performance. 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. 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. Us taking away that clock was about responsibility and about taking away that control from head office. Plested says that within a few months of the firm's acquisition of Daily Freightways, which became Daily Freight under Mainfreight ownership, he came to recognise Braid's strengths. Braid goes to great lengths to stress that the company's success is the result of the efforts of its entire, 5167-member "team" around the world. Rapper, chef and author Action Bronson takes us on a journey from his early days at culinary school, to releasing critically acclaimed albums, to writing books, starring in TV shows and building an iconic brand around his favorite interests. "He implements things very well and you don't have to remind him about anything you're trying to achieve. Mainfreight managing director Don Braid. The key for me is to be in the business as much as possible, to be visible. We got a taste of what was to come early in the piece with our Chinese business and seeing what they were going through. Two other directors joined KiwiRail's board earlier this year, Rob Jager and Ed Sims. I could not get out of the car and go and meet a stranger to ask for the business and now I actually prefer to do that! At Management Magazine, our focus is to inspire New Zealands business leaders and the managers of today and tomorrow to succeed. Copyright 2023 Institute of Directors Don Braid. The opportunities offshore and the populations that exist in some of those other countries are large; you only have to get something half right in some of those countries and youre growing a big business compared to what you have here in New Zealand. What are their requirements? [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. Not bad for a Kiwi trucking company! Chosen from New Zealand's top companies, this year's Deloitte . Braid, who joined Mainfreight through its purchase of Daily Freightways, says the company hasn't let the last few years of economic upheaval dull its ambitions.