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.
Find more about Luiz Carlos Trabuco Cappi: http://epocanegocios.globo.com/Empresa/noticia/2017/10/trabuco-o-importante-agora-e-olhar-para-os-desafios-do-futuro.html
Luiz Carlos Trabuco has been the Chief Executive Officer of Bradesco, one of the largest banks in Brazil, for the last eight years. Starting off as a clerk in 1969, he has been with the bank for more than five decades, sticking with it through the bad and good times. He had served the bank in various hierarchical capacities, and when the time came in 2009 to select a new leader, the board quickly picked Luiz Carlos Trabuco. With the increased competition Bradesco was facing in the market and the challenges in the international financial sector at the time, there was no one better placed to guide the bank than the individual who completely understood its values, culture, and objectives.
Luiz Carlos Trabuco’s academic background does not seem like one for a banker. He currently holds an undergraduate Philosophy degree from the University of Sao Paulo and a postdoctoral Socio-Psychology degree from the School of Sociology and Politics of Sao Paulo (FESPSP). He, however, does share many of the traits that make successful executives in that he is dedicated, likes to measures his word, and is meticulously analytical.
On a number of occasions, Luiz Carlos Trabuco’s contribution to Bradesco and the banking industry in Brazil has been deemed to be deserving of an award. While heading up Bradesco Seguros, he famously received two concurrent Insurance Personality of the Year Awards in 2006 and 2007. Having orchestrated Bradesco Seguros’s domination of the Brazilian Insurance industry, there was a consensus that he was the most deserving of these honors. In 2009, having just been named CEO of Bradesco earlier in the year, Luiz Carlos Trabuco ’s name was included in the List of the 100 Most Influential Brazilians in the country at the time. As recently as 2015 he was also named the Entrepreneur of the Year in the finance category by Isto É Dinheiro (This is Money) magazine. That year was a big one for him as Bradesco was involved in the single largest financial transaction in Brazil for 2015 – the $5.2 acquisition of mid-tier bank, HSBC Brazil.
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Luiz Carlos Trabuco’s talents have been recognized by numerous other organizations, leading to him being named in a number of their boards of directors. He currently serves as the President of the National Confederation of Financial Institutions (CNF). He also chairs the Board of Representatives at the same body. Additionally, he also has the privilege of serving as Chairman of the Board at credit card company, Elo Participacoes S.A. As a member of its Strategic Committee, Luiz Carlos Trabuco has been instrumental in influencing Vale S.A’s innovative charge towards the top of the Brazilian mining industry. His high standing as one of the senior banking executives also got him nominated to sit on the Directing Council of Brazilian Banks Federation (FEBRABAN).
Luiz Carlos Trabuco has introduced a new style of leadership at Bradesco that can best be defined as a coaching leadership style. Among the first changes he instituted at the bank following his appointment to CEO in 2009 was to set up a corporate university. He constantly engages with executives of various levels at the bank with the aim of making them better equipped to lead and achieve company objectives. In 2015 it was widely reported that President Dilma Rousseff was an admirer of Luiz Carlos Trabuco’s style and intended to offer him the Finance Minister position but was turned down. With his retirement soon approaching, it is highly likely that Luiz Carlos Trabuco could take over from Lazaro Brandao as the Chairman of the Board once he leaves.
Learn more about Luis Carlos Trabuco: http://epocanegocios.globo.com/Empresa/noticia/2017/08/trabuco-retomada-do-credito-depende-de-volta-do-pib-e-da-taxa-de-investimento.html