His leadership is underpinned by a strong belief in Mainfreights global competency and capabilities to provide high-quality supply chain solutions for our customers. [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. Zac: As the leader of Mainfreight, what do you personally focus on to get the team going in the right direction? Zac: Lets talk more about those weekly P&Ls. Don has led the Mainfreight team through a significant period of change and expansion to become the successful global supply chain logistics provider it is today, operating in 26 countries around the world, with $3+ billion in sales revenue, and he leads a team of 9,240 passionate Mainfreight people all around the world. Everyone stands on their own two feet. Mainfreight also renamed Wim Bosman branches in the countries France, Poland, Russia and Ukraine under the Mainfreight name.[12]. 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. "I think we're a better business because of adverse economic conditions, there's no doubt about that," he says. What are their requirements? "We were exposed to Covid-19 quite early in the piece, probably earlier than many others because of our operations in China. As an example, we know what money weve made or lost last week in every single one of those 282 branches as of about half an hour ago. The reality is, this leadership team in New Zealand has been through the earthquakes and the GFC and now the pandemic. He previously worked for the Otago Daily Times, after a return to business journalism in 2018. Don Braid - newzealandinc.com His company has been a shining example of success amid tough global economic conditions. So everything that we do is about being here for a long time. Early in the piece at Mainfreight, leaders are given responsibility, so the ability to take responsibility and to make decisions is pretty important. Don Braid is Managing Director/CEO at Mainfreight Ltd. See Don Braid's compensation, career history, education, & memberships. And sometimes, particularly so in New Zealand, they see the market ultimately being as quite small, when in fact their product or service is good enough to take to the world. Don: I get out of the way. 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. Our data indicates that Mainfreight Limited has a market capitalization of NZ$6.0b, and total annual CEO compensation was reported as NZ$3.0m for the year to March 2020. The long-term effects must be carefully studied. And analysts have been warned that they "won't get a second interview" if they make that mistake of calling Mainfreight a "trucking company". Today he chairs a group of telecommunication companies. 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. 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. Business in the Americas also saw an improved performance, with a 29.7% increase in profit to US$25.93m, with Mainfreight's air and ocean division benefiting from resurgent demand from customers and market share gains in the US. We got a taste of what was to come early in the piece with our Chinese business and seeing what they were going through. Ideal traits we want to see in leaders are integrity, being trustworthy and capable of bottom up decision-making, not top down. [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. 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. Don: It should be where your skills are. As Chairman and Founder, Bruce shares his vision for the Company with the Mainfreight team, bringing a particular focus to quality and our culture. So we have these 282 locations across 20 countries how do we get them each operating at their peak, every day? Well in Europe they had these time clocks. So for the first couple of weeks of lockdown in New Zealand, we were wondering, how deep is this going to go? New Zealand Shareholders' Association corporate liaison Des Hunt says Braid is one of the most effective listed company bosses in this country. I dont see this as a job, so therefore the stress levels arent as strong. When it comes to capable, motivational and effective leadership Sam Knowles delivers with interest. 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.. So all the bureaucracy that goes on is increasing the amount of time that well see some of those things arrive. Don: Its been interesting! He joined Daily Freightways in 1978, gaining a thorough grounding in all aspects of the business and eventually heading up . BusinessDesk has a paywall for most of its content. So we are developing our people to be the best they possibly can be. In November 2014, Mainfreight acquired a regional air and sea freight company located in Dunedin. Don Braid. It is totally how I believe a company should be and I love how everyone starts at the bottom. 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. That means a lot of travel, but the reality is I thought my skills were best used in front of a customer so thats what I focused on. Don: I think its quite a long way off. Get in touch with us directly. "If you allow the recession to roll over the top of you there's a great chance it will.". Don Braid is a Group Managing Director at Mainfreight NZ based in Mangere, . Other Current Directorships: "It's not about what I've done - it's about what we've done and what the business has done," he says. Should it change? 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. 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. How do you measure this? Use of the word "staff" is banned within the company - one of a range of idiosyncrasies particular to the logistics firm. We tackle critical leadership, management and economic issues as well as profiling successful local and global leaders. 11/5/2022 3:33 PM. See the full transcript below. I feed off that and suppose the people in our business like seeing that and see it as an example and follow. Insight and analysis of top stories from our award winning magazine "Bloomberg Businessweek". 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. Theres a video of it happening and what was really exciting was once the clock came off the wall, you could hear the laughter and the clapping and the voices of approval from those who were watching. Alternatively, email editorial-team@simplywallst.com. Other Current Significant Directorships and Trusteeships: BUPA ANZ Pty Limited (Chairman), Adherium Limited, Clearspan Limited, Thinxtra Australia, Starship Foundation, Massey University Foundation. 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 government is pushing really hard for the major New Zealand companies to pay their suppliers on time, within 30 days. Biography He owns a 3 per cent stake in the firm, worth about $29 million. 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. | To join your company account for BusinessDesk and enjoy full access, Dogged determination, drive and eternal optimism - they're all qualities Don Braid exudes. In 2008, the United States locations were re-branded as Mainfreight USA. You need to have been there 12 months to earn the full bonus that everybody else gets. I think its about ready-fire-aim: making sure were steady, allowing decisions to be made, and shaking them up as we get on. Things are changing a little bit and everyones suggesting that its all going to go to eCommerce. We note that the salary portion, which stands at NZ$2.20m constitutes the majority of total compensation received by the CEO. 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. Don Braid - Group Managing Director - Mainfreight NZ | ZoomInfo I just have a belief and determination that weve got a pretty good business here. Theyll have the Mainfreight culture, but itll have a little twist for example, the culture in Shanghai is different to the culture in Newark or the Netherlands or Sydney. As a Kiwi living in England and studying management currently, I have really enjoyed reading this interview. [3][4], When the company was founded it entered a highly regulated transport market. Don: Sometimes I think people dont recognise or believe or have enough passion in what theyve developed. Don Braid of Mainfreight Limited presents key insights for directors about freight and supply chain patterns in the current climate. Were not thinking about selling our shares, were not thinking of getting out when the goings good were here for the good and the bad so were preparing the business for that next 100 years. "You can imagine what they need to eat, drink and use," says Braid in the boardroom of Mainfreight's building in Otahuhu. d***@mainfreight.com. Getting decisions made as close to the customer as possible is probably our secret and giving that responsibility to those in the branches. He is fiercely proud of the Mainfreight culture seeing this as a key reason customers choose Mainfreight over the competition. For further information, please contact Don Braid, Group Managing Director, telephone +64 9 259 5503, +64 274 961 637 or email don@mainfreight.com. He is an outstandingly consistent and capable chief executive. Zac: Whats a bit of business advice you can share? "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. [4] This operation was expanded with depots in Melbourne and Brisbane. Weve sort of tucked on the back of some trials in Europe and in the States where they were running in threes and fours behind each other, all connected by a computer. 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. Other Current Directorships: Information and Communication Services Limited (Chairman), Seronic (NZ) Limited, and his family companies. For me its being in the business, with people and in particular with customers. "Don gave this glowing account of [Daily Freightways] and I kept looking at him and thinking 'what a lot of bullshit'," Plested says. 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. Weve got examples of that in our business right now. Don: What we do is measure profit before tax at the branch level and that includes interest and depreciation. And if you surround yourself with really good people, the stress is actually spread across everybody and you dont wear it all on your own shoulders. 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. 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. Although Plested remains the largest shareholder with a 16% stake worth $395m, Braids more modest 2.79% stake is still worth about $70m supplemented by annual remuneration of $2.2m in 2017. He runs the businesses with consciously egalitarian slant and is no fan of bureaucracy or the trappings of hierarchies. Thats the key. This article by Simply Wall St is general in nature. He knows where the company is going and, more importantly, how it will get there. Experts say community investment is the future. | Where should we open next? Its an intimate touch with the P&L; the weeklies tell us lot. 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. I learned that early in the piece and I think its stood me in good stead. Managing director Don Braid said Covid-19 fully tested Mainfreight's resilience, but it also necessitated some fundamental commitments. Breakfast with Don Braid, Mainfreight Ltd | IoD NZ Zac: Im keen to understand what do you think are common reasons why many businesses fail to reach their maximum potential? We ask our people to recruit very good people with passion and energy; people good enough to become branch managers. In the decade Braid has spent at its helm, the company has become a global logistics player with operations on every populated continent apart from Africa. Theres no bullshit in the numbers, they are what the business has earned. Zac: What are your thoughts on driverless trucks and how they will affect Mainfreight? Involved in the founding of Kiwibank before taking the top job, Knowles embraces challenge and thrives on delivering top results. This Supreme Court Case Could Redefine Crime, YellowstoneBackers Wanted to Cash OutThen the Streaming Bubble Burst, How Countries Leading on Early Years of Child Care Get It Right, Female Execs Are Exhausted, Frustrated and Heading for the Exits, No Major Offer Expected on Childcare in UK Budget, Biden Gives Medal of Honor to Trailblazing Special Forces Member, Climate Change Is Launching a MutantSeed Space Race, UK Braces for Rare Weather Event That Risks Late-Winter Freeze, What Do You Want to See in a Covid Memorial? Don: The recruitment of our people sits with the branch managers. Engage via Email. Media enquiries 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. 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. 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]. 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. I give them the ability and the responsibility to deliver, and I give them great support and lots of guidance. But, he said, the groups response at the outset of the pandemic had been unequivocal. 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. Its having empathy and I think Im patient, determined, have belief and energy. "[8], In June 2013, Mainfreight launched a lawsuit seeking 11 million or $18 million against Wim Bosman Group's former owners. How do I gain more customers? I guess whats annoying is that we have got to wait for an election year to get this kind of stuff. Chief executive, Air New Zealand 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. But they had different regulations for different countries: it was a metre between the two trucks, it was a metre and half in Belgium, and it was two meters in France. 'Ready, fire, aim' is Mainfreight man's mantra | Stuff.co.nz I believe that I shouldnt ask my colleagues/work mates/ team to do any task I would not do myself or know how to do. In 2007, Mainfreight acquired Target Logistics, a United States based forwarder with 34 offices, and an extensive agent network. Their understanding of disciplines and what the expectations are embedded early on so our culture is strong and then you give them responsibility.
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