Who Is Luiz Carlos Trabuco? Future Of Bradesco Bank

The 91 year old bank chairman of Banco Bradesco SA, Lazaro de Mello Brandao, has made a buzz when he came to a decision of stepping down from his position after having served the bank for over 25 years. This news greatly triggered the line-up of possible successors of the said company.

Brandao has firmly followed the company’s management practices wherein existing executives get the highest possibility of being promoted to fill in higher positions rather than sourcing out externally for new people. This culture has guided Brandao when he chose Luiz Carlos Trabuco as his successor.

Luiz Carlos Trabuco Cappi, currently the Chief Executive Officer of Banco Bradesco SA, will be taking charge of the critical responsibilities of being the newly elected Chairman and as the current CEO until March. He attended the School of Sociology and Politics Foundation São Paulo where he earned his degrees in Philosophy and Socio-Psychology. His 48 years of working as a professional was all spent serving the Bradesco Organization.

In 1943, the executive from the year 1981 to 1999 started as a clerk when he was only 16 years old. He is considered to be the second chairman and one of the four Chief Executive Officers that Bradesco has had ever since.

Read more: Bancos podem emprestar mais, diz Trabuco

Brandao, who will continue serving the holding corporations of Bradesco, explicitly stated that the bank’s line of high rank officers should be renewed to guarantee continuity. In addition, Brandao claimed that it was his personal choice to resign.

During a media affair, Luiz Carlos Trabuco Cappi mentioned that the procedure of selecting the new chief executive officer will be parallel with the current company management practices. He will be choosing among the current line-up of talents in Bradesco.

Luiz Carlos Trabuco Cappi is given only until the first few weeks or months of this year to reveal the new chief executive officer for Bradesco has revised its laws. From 65 years old as the previous maximum age for chief executive officers, it has been increased to 67.

Brandao, who received a positive and encouraging feedback from his family after telling them about his resignation, said that he has zero regrets for the full 75 years of service at the company.

Amongst the seven candidates who will take the position as the new CEO is Mauricio Machado de Minas. He is a 58-year-old employee who runs the Information Technology section of the bank. He was a former worker at CPB Braxis SA before he started working at the bank way back 2009. Next in line is Alexandre de Silva Gluher who is working as the chief risk officer at the age of 57. He has served the bank for over 41 years. The 58-year-old Domingos Figueiredo Abreu who runs the treasury and lending division is another candidate according to valor.com.br. Domingos has been working for the bank for the last 36 years. Another potential candidate is Josué Augusto Pancini who is currently 57 years old. The man currently spearheads the branch network of Bradesco and has been working in the company for the last 42 years. The company’s head for investment and corporate banking, Marcelo de Araujo Noronha, fits in the list. He is 52 years of age and has been serving the company for 14 years. Another professional who is now 54 years old, Octavio de Lazari, is also a candidate for the search of the next CEO. He has been of service to the bank for 39 years. Lastly, André Rodriges Cano who manages the HR department is 59 years old and has been working with Bradesco for the last 40 years.

Search more about Luiz Carlos Trabuco: http://www1.folha.uol.com.br/mercado/2017/10/1926243-proximo-presidente-do-bradesco-saira-da-diretoria-do-banco-diz-trabuco.shtml

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