Banco Bradesco’s Change In Leadership With Luiz Carlos Trabuco & Others

It was recently reported concerning the change of upper management and executive roles within Banco Bradesco S.A. Lazaro de Mello Brandao, this bank’s chairman, is retiring, and Luiz Carlos Trabuco Cappi is taking his position.

As a matter of fact, Trabuco, who is the current CEO of this bank, will keep his current position while taking on the role of chairman. It’s until March 2018 when the bank will hire someone to take on the CEO role. Brandao, age 91, is the bank’s second chairman who is stepping down in the history of Bradesco’s existence. Also, he is one of the oldest serving bank chairmen of the world.

According to Trabuco, their next president will leave their executive board. The bank will respect Bradesco’s tradition regarding how they normally choose someone internally. They are extending the time to choose their next president due to maintaining the HSBC integration process. They expect to choose among their seven vice presidents to be the next president. The profile of each candidate is as follows, according to Bloomberg:

* Alexandre da Silva Gluher, age 57
Alexandre da Silva Gluher, age 57- Bradesco’s head of risk management, he has been employed with the bank since 1976.

* Maurício Machado de Minas, age 58
Maurício Machado de Minas, age 58- Bradesco’s IT department executive, he’s been with the bank since 2009 and has gained more experience from CPM Braxis.

* Josué Augusto Pancini, age 57
Josué Augusto Pancini, age 57- Bradesco’s high-income segment and branch network executive, he’s been employed with the bank since 1975.

* Domingos Figueiredo Abreu, age 58
Domingos Figueiredo Abreu, age 58- he’s responsible for the bank departments of credit and treasury. Since 1981, he’s been working for this bank.

* Lazaro Octávio, age 54
Lazaro Octávio, age 54- employed by the bank since 1978, he is their insurance unit executive. He was recently promoted to his current position.

* Marcelo de Araújo Noronha, age 52
Marcelo de Araújo Noronha, age 52- he’s been with this bank since 2003, and he is their executive responsible their corporate segment, the investment bank, and the card operation.

* André Rodrigues Cano, age 59- employed with the bank since 1977, he is their human resources department executive. He was recently promoted to top management position as of December 2016.

Read more on Bradesco: New president to leave executive body, says Trabuco

About Luiz Carlos Trabuco Cappi

Since March 2009, Luiz Carlos Trabuco Cappi has been serving as Banco Bradesco S.A.’s chief executive officer. He also served as their executive vice president. Before his position as the chief executive officer, he was the bank’s managing director since March 1999. Before this position, he was the president of the Bradesco Vida e Previdência SA. And from 1984 to 1992, he served as their department director. He’s been with the bank since April 1969, and other roles he served are as follows:

President of Grupo Bradesco Seguros since March 2003
Director and chairman of Odontoprev S.A. since December 2009
Banco Espirito Santo’s non-executive director from 2009 to May 2010
President of the National Association for Private Pension Plans (ANAPP) from August 1994 to August 2000
Board member of the Brazilian Association for Listed Companies (ABRASCA) from July 2000 to February 2003

Trabuco also presently serves in other capacities. He is his bank’s internal director, and he is the bank’s director.

As far as his educational achievements, Trabuco earned a post-graduate degree from the USP’s School of Sociology and Politics. He also earned a degree from the University of Sao Paulo (USP) in Philosophy, Sciences, Languages and Arts Faculty.

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