His visits to our local and overseas operations guide our teams to be sales-focused and always aiming for operational excellence. Things are changing a little bit and everyones suggesting that its all going to go to eCommerce. The Asian business saw profits more than double to US$7m, driven by increases in market share and rate increases from both air and see freight, the firm said. If salary dominates total compensation, it suggests that CEO compensation is leaning less towards the variable component, which is usually linked with performance. Please note that with cookies disabled you will have a degraded experience with some features. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. With Covid, the New Zealand team would meet every day for the first four weeks during lockdown. You cant see yourself as an employer of 8500 people. 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. 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. "I probably wasn't qualified enough to go to university," Braid says. The company is growing EPS and total shareholder returns have been pleasing. Target has offices in 35 cities throughout the United States and an international network of agents in over 70 countries.[15]. "It's just a little rule that we've had because if they [analysts] keep calling us a trucking company they clearly haven't done their research.". Bryan has a wealth of experience, both in executive and board roles. So take a peek at this free list of interesting companies. The trick is to decentralize it and to give them control of the profit and loss, allow them to have sufficient KPIs, and measurement systems to monitor those as quickly as possible so that nothing gets out of control. 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. "You need some energy and you need to be on the front foot," he says. Mainfreight also renamed Wim Bosman branches in the countries France, Poland, Russia and Ukraine under the Mainfreight name.[12]. Like most Kiwi business leaders, Braid is self-effacing and doesn't fancy talking to journalists about his life outside the company. People thrive on being given responsibility. 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. Mainfreight commenced operations in Auckland in 1978 and is the largest freight company in New Zealand. 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. 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. 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. The key for me is to be in the business as much as possible, to be visible. Some people dont want any more responsibility they find their own ceiling and thats fine. After leaving Timaru Boys' High School Braid joined the New Zealand Shipping Corporation as a clerk in 1976. Don Braid - Group Managing Director - Mainfreight NZ | ZoomInfo And analysts have been warned that they "won't get a second interview" if they make that mistake of calling Mainfreight a "trucking company". Required fields are marked *. Don: It should be where your skills are. Mainfreight - Wikipedia The Mainfreight board is intent on doubling revenue to $2 billion by 2015, mostly from international earnings, and Mr Braid envisages at least 500 branches before too long. Don has over 40 years' experience in the freight industry, including 26 with Mainfreight. Though his father was a truck driver, Timaru-born Braid can't recall being influenced by this. How Does Don Braid's Compensation Compare With Similar Sized Companies? Once it became a global pandemic we needed to react and adapt as quickly as we could. He believes in fostering an innovative culture in the organisation and encourages top performances from his teams. He is an outstandingly consistent and capable chief executive. In that respect, NZ was the worst effected with weekly revenues during April 2020 down by about 40% on average levels. Thats the key. 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. Regrettably, registration fees cannot be refunded when cancellations are received within two working days prior to any branch event. "I don't think any of those things are really of interest to this," he says. "We were exposed to Covid-19 quite early in the piece, probably earlier than many others because of our operations in China. What Can We Conclude About Mainfreight's (NZSE:MFT) CEO Pay? Braid says the company strives to be de-centralised through giving responsibility to all individuals in the business and letting them make decisions. Read More . Zac: What is the Mainfreight way when it comes to culture? What have we got right? [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. Thats the best way of being able to manage an event like were in right now, but Id say its the best way to run a business at all times.We have some really good systems. Everyone stands on their own two feet. [3][4], When the company was founded it entered a highly regulated transport market. 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. Early in the piece at Mainfreight, leaders are given responsibility, so the ability to take responsibility and to make decisions is pretty important. Once we convinced them that they didnt need a time clock, they took to them with a sledgehammer. Mainfreight's straight-talking group managing director has an infectious zest for business. Its even more exciting doing that in offshore markets with a really big customer where youre actually sitting in front of them and we know we will turn our industry upside down by winning quite large business off the incumbents. The company posted record earnings and revenue for its last full year and has continued to break records this financial year. His father was a truck driver, but he says that didn't influence his career decisions. Don Braid is a Group Managing Director at Mainfreight NZ based in Mangere, . Privacy policy We offer lots of training as well, internally and externally. Zac: Can you share more about your profit share? Zac: Lets talk more about those weekly P&Ls. "It's not about what I've done - it's about what we've done and what the business has done," he says. For further information, please contact Don Braid, Group Managing Director, telephone +64 9 259 5503, +64 274 961 637 or email don@mainfreight.com. DCB had a staff base of five employees on the date of acquisition, however, staff was expected to rise to seven employees. Im not sure well see driverless trucks in NZ for some time to come. 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. Appointment to Board 2000 - With Mainfreight since 1994. I think its about ready-fire-aim: making sure were steady, allowing decisions to be made, and shaking them up as we get on. Check out our latest analysis for Mainfreight. Subscribe, 0.1 The Four Pillars of Governance Best Practice, 0.3 Corporate governance landscape in New Zealand, The second pillar - An effective governance culture, 2.3 Board architecture a charter for the board, 2.4 Board composition and succession planning, 2.5 Key competencies for non-executive directors, 3.6 Technology and information governance, 3.11 Employees holding external directorships, 4.4 Director shareholdings and insider trading, 4.16 The company secretary or corporate officer, Breakfast with Don Braid, Managing Director of Mainfreight Ltd. You can be profitable and not collect the cash and go broke. Its Mainfreights style to offer career progression, giving people here a long-term career in the business, allowing them to find that space to develop the leadership traits. Wed prefer to shake hands and know that our integrity and the way that we do business works with our partners long term. As we noted earlier, Mainfreight pays its CEO in line with similar-sized companies belonging to the same industry. Other Current Directorships: Information and Communication Services Limited (Chairman), Seronic (NZ) Limited, and his family companies. Biography 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.. 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. Not living as a question mark but instead getting on with it and making those decisions. On 11 June 2007, Mainfreight 'signed a call option deed' to purchase the entirety of the shares of Australian-based Halford International. Save my name, email, and website in this browser for the next time I comment. Zac: Don, your 100-year vision how does that work? Biography Mainfreight Half Year Financial Results 30 September 2021 - NZX Whats changed? Those are the real world indicators of whether youve got morale correct or not or whether youve got some issues going on you need to address. 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.". Filed Under: Blog, Business coaching, Motivation coming at ya, What a great interview and there are many excellent points which the Mainfreight CEO covered like Empathy which is essential when supporting all those involved in Mainfreights success and another dealt with the importance of making sure all invoices are paid on time. He joined Daily Freightways in 1978, gaining a thorough grounding in all aspects of the business and eventually heading up . d***@mainfreight.com. The worst thing we could do is slow them down with bureaucracy, making them tick a lot of boxes. Shareholders would be glad to know that the company has improved itself over the last few years. "He never moans about the currency and is always positive.". Director Profiles - Mainfreight Should it change? 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. 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. Don Braid, Mainfreight Ltd: Profile and Biography - Bloomberg Markets He likes to surround himself with clever, energetic people who are equally as dedicated as him to meeting and exceeding the needs of Mainfreights customers. I dont see this as a job, so therefore the stress levels arent as strong. Mainfreight chairman Bruce Plested says Braid is a very complete modern and old-fashioned leader wrapped up in one. Group Managing Director at Mainfreight NZ . Don Braid. 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. "Don gave this glowing account of [Daily Freightways] and I kept looking at him and thinking 'what a lot of bullshit'," Plested says. [4] In 1998, Mainfreight acquired Australian freight forwarder ISS Express lines, subsequently establishing an Australian international freight business. Look after our people, look after our customers, guard our cash, and embrace the opportunities that may arise.. Brent had an extensive career in corporate communications and strategic consulting, including for a range of public listed companies. Mainfreight chief executive Don Braid says New Zealand needs to slash the number of its container ports to a 'maximum' of three to avoid being side-lined by major shippers.The 18-year veteran CEO of the NZX-listed multinational logistics company told a supply chain forum in Auckland on Wednesday that container cranes sitting at most of the And then its about exploring the long game. Other Current Significant Directorships and Trusteeships: BUPA ANZ Pty Limited (Chairman), Adherium Limited, Clearspan Limited, Thinxtra Australia, Starship Foundation, Massey University Foundation. BRAID, Don - NBR | The Authority since 1970 For me its being in the business, with people and in particular with customers. And he should know, having spent his entire working life in the freight industry. Of course, you might find a fantastic investment by looking at a different set of stocks. Braid has earned a reputation within the market as a straight talker and one of the most effective NZX-50 bosses. [3] [4] When the company was founded it entered a highly regulated transport market. I think our owner drivers are a key component of the relationship with the customer. Involved in the founding of Kiwibank before taking the top job, Knowles embraces challenge and thrives on delivering top results. BusinessDesk has a paywall for most of its content. And in applying that New Zealand blueprint to all regions, we knew we were pretty much in control. At the end of the day, the decisions they made will be seen in the weekly results. Don: The culture is really important and our culture starts with those closest to the customer. Will His AI Plans Be Any Different? Business Leader of the Year 2011 Winner: Don Braid - NZ Herald Some of the leading players in the listed retirement sector have been raising capital.
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