Mainfreight mourns former chairman, looks ahead


Long-term leader passes as company predicts steady annual profit growth

Mainfreight mourns former chairman, looks ahead
Sir Don Rowlands had passion and drive.

 

In a bitter-sweet announcement, Mainfreight has paid tribute to its former long-term chairman and forecast a lift in full-year profits.

Sir Don Rowlands, who passed away yesterday aged 98, was also a one-time CEO of appliance firm Fisher & Paykel .

New Zealand-headquartered transport and logistics firm Manfreight, which  is now an international player with significant business in Australia, says Rowlands’ "passion and drive [was] fundamental to the early success of the company".

"Sir Don had a long association with Mainfreight, serving as our original chairman from 1978 to 1989, and subsequently as a director until 2011," the company says.

"His contribution to the company’s success and culture are a legacy that will endure, and he will be remembered by us with much affection and gratitude. Our thoughts are with his family, friends and colleagues at this sad time."

Mainfreight expects its full-year gross earning to be about NZ$156-$160 million, up between 4.6-7.2 per cent.

Revenue levels are likely to NZ$2-$2.05 billion, up between 3.9- 6.5 per cent, while net profit excluding abnormals is forecast at NZ$80-$83 million, up 3.2-7.1 per cent.

 

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