One of the most successful financial institutions in Brazil is Banco Bradesco. The bank is worth slightly less than half a billion dollars and directly employs over a hundred thousand people. Formed 74 years ago, the bank has largely been able to ensure sustained success through effective leadership. Despite its fairly long existence, the bank has only had four presidents: Amador Aguiar, Lazaro Brandao, Marcio Cypriano and Luiz Carlos Trabuco Cappi. It has also only had three chairmen: Amador Aguiar, Lazaro Brandao, and Luiz Carlos Trabuco Cappi.
As can be seen in the above breakdown, Lazaro Brandao and Luiz Carlos Trabuco have played particularly essential roles at Bradesco. Until October 2017, Lazaro Brandao was the chairman of the bank’s board. His tenure ended following his decision to resign from the position. He had been the chairman since 1990. Now aged 91, many stakeholders understood and even welcomed his decision to resign.
After more than seven decades of diligently serving the bank, Lazaro Brandao is well deserving of the opportunity to get some rest and spend time with his family. Brandao’s vacated position was taken up by Bradesco’s fourth president, Luiz Carlos Trabuco.
Since the size of the bank prevents one from holding both the positions of president and chairman at the same time, the bank has decided to find a new president to take over from Luiz Carlos Trabuco.
The incoming president will be the fifth in Bradesco extensive history. However, he/she is not expected to be named until at least March 2013. This is down to the fact that the bank’s bylaws restrict the duration in which the board can select a new president to only 30 days before the shareholders’ meeting which is held in March every year.
Read more on folha.uol.com.br
Since it is not practical to leave the position of president vacant even for a day, Luiz Carlos Trabuco Cappi will have to extend his nine-year tenure as Bradesco president by a few more months. While concurrently serving in these two positions at a bank as huge as Bradesco will no doubt be hard, few will dispute the assertion that Luiz Carlos Trabuco is more than equal to the task.
Despite the new president not being selected anytime soon, many have still been speculating as to who will be chosen as the next president at Bradesco. In line with the bank’s highly respected culture, the next president will be selected from among the large pool of talent at Bradesco. This move will result in a much smoother transition process as the incoming president will not spend a considerable amount of time attempting to adjust to a new organization, as would be the case if the incoming president is sourced from outside the bank. Among the most exemplary executives at the bank and the strongest contenders for the post are Mauricio Minas, Alexandre Gluher, Octavio Lazari and Josue Pancini.
Being named chairman at Bradesco is a great achievement for Luiz Carlos Trabuco . His legacy will now be permanently etched in the bank’s history. However, that is not to mean that he will take his foot off the gas in his new position. Luiz Carlos Trabuco has gotten to where he is today largely due to his work rate and passion for the bank. Consequently, expect him to continue strategically growing the Bradesco brand in collaboration with the incoming president.
Additionally, he will continue championing the fight to make Bradesco the largest private bank in the country again. After five decades of holding that honorable position, it lost it in 2009 to newly created rival Itau Unibanco.
Learn more about Luiz Carlos Trabuco Cappi: http://economia.estadao.com.br/noticias/geral,trabuco-afirma-que-anuncio-de-substituto-pode-acontecer-antes-do-calendario-de-sucessao,70002039084