Mainfreight Limited was founded in 1978 by chairman Bruce Plested. The lawsuit claimed that Wim Bosman, the former owner, had prior knowledge of a large client, Giant Bicycles, intentions to end corporate ties with the group. Copyright 2023 IDG Communications, Inc. He imagines he follows the rules but still gets "hauled off to a concentration camp". Notably, sometimes top-level managers are on the board themselves. Greg Hurrell left a journalism career to work around the Middle East for 23 years and returned to New Zealand full-time in 2020. He was sent to the Bluff aluminium smelter and Manapouri underground power projects, helped drive a 500m channel through a Samoan coral reef, and helped build 48 bridges in Fiji. People from the outside that take your watch and tell you how to read the time. Small company shows how the power of digital can transform lives. The philanthropist was recognised at the New Zealander of the Year awards. [3][4], When the company was founded it entered a highly regulated transport market. Northport is forecasting a 15 per cent lift in container traffic volume for the financial year ending June. Mainfreight boss asks should profit sharing with staff be essential At the time Plested said he just wanted to say thank you to the people who had given him so much. Boats will discharge into facilities at the bay end of the marina. He notes that Mainfreight favours a sustainable approach through programmes such as recycling water, installing solar panels, deploying hybrid and electric vehicles in its car fleet, and favouring rail over road where possible. There's more to the man's generosity than this example. At Mainfreight we all eat at one big long table.". The High Court said no. They make their own decisions and have autonomy, but they want 'Dad' to be happy with them. Mainfreight commenced operations in Auckland in 1978 and is the largest freight company in New Zealand. Braid says: "There a capitalist motive behind this, Bruce believes profit is a great motivator.". -Warehouse BDM / ()_Warehouse BDM / () Alternatively, email editorial-team (at) simplywallst.com. Bruce is a one-off," Duff said. See more CEO The road to the marina will be widened, improved in a strip around 200m long. Simply Wall St has no position in any stocks mentioned.Have feedback on this article? They can and probably do influence decisions on executive compensation, dividend policies and proposed business acquisitions. Nearly 30 years ago the billionaire helped kick-start the Duffy Books in Homes programme, along with writer Alan Duff and philanthropist Christine Fernyhough. "It's a disgrace, a kind of 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 Plested's stake.Feted We had trouble validating your card. Founding Owner & Executive. The Clermont-Auvergne-Rhne-Alpes Centre brings together the units located in the Auvergne region, from Bourbonnais to Aurillac via Clermont-Ferrand, with 14 research units and 14 experimental facilities, representing 840 staff (permanent and contractual staff). Drinkwater says that in all the companies Mainfreight has acquired, the computer systems were inadequate. On the plus side for Mainfreight shareholders, Bruce Plested has elected not to receive remuneration (i.e. When the company was founded it entered a highly regulated transport market. Will Mainfreight's Bruce Plested be NZ's next billionaire? The top 10 UPS competitors are; FedEx, DB Schenker, Mainfreight, United States Postal Service, DPDgroup, Purolator, CEVA Logistics, C. H. Robinson, DHL, and YRC Worldwide. [11], Since 2011, Mainfreight, under the Wim Bosman name, have opened new branches in Bergen op Zoom in The Netherlands, Cluj-Napoca in Romania, Frankfurt and Gelsenkirchen in Germany, London in United Kingdom, and Pozna/Lubo in Poland. He was later joined by Neil Graham. Online (PDF) Ready Fire Aim The Mainfreight Story Download | The Pranitas It's the answer to poverty, says Mainfreight co-founder Bruce Plested. Director Profiles - Mainfreight Find out As Chairman and Founder, Bruce shares his vision for the Company with the Mainfreight team, bringing a particular focus to quality and our culture. One broker, who didn't want to be named, said Plested no doubt sold the shares to buy an asset. From our data, we infer that the largest shareholder is Bruce Plested (who also holds the title of Top Key Executive . Brad Greer - National Business Development Manager - Mainfreight - LinkedIn The wharf is expected to cost between $173m-$190m. [2] In 1979, Bruce Plested partnered with Neil Graham, with Graham based in Christchurch and Plested in Auckland. Now with over 8,000 employees and 282 branches in 26 countries, Mainfreight has an extensive presence in the global supply chain. There are no company memos and as little email as they can get away with. 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