The 91-year-old chairman of Banco Bradesco, Mr. Lazaro de Mello Brandao, announced his stepping down from his position at the bank. Brandao is among the oldest serving chairmen of banks worldwide. Branda’s departure from the bank triggered a succession race at the second-largest banking institution in Brazil as per the market value. The current CEO of the bank, Luiz Carlos Trabuco Cappi, would serve as Brandao’s replacement as chairman and hold both positions until the bank elects a new CEO by March 2018.
Brandao began his career as a 16-year-old clerk at Bradesco in 1943 and later managed to become the chairman and CEO of the bank. He was the institution’s CEO from 1981 to 1999. Earlier this year, Brandao decided to resign saying that the bank’s board needed restructuring to ascertain its continuity. However, he would still oversee some of the bank’s holding companies.
Brandao nurtured and maintained an administrative tradition that allowed promotion of executives from the company’s employees rather than outsourcing new talents. The same strategy would be used to select Luiz Carlos Trabuco Cappi’s replacement. The seven leading executives of the bank would form the talent pool in which the board could choose from as is the tradition.
Luiz Carlos Trabuco Cappi said that the selection for a new CEO would respect the institution’s talent pool. The seven possible candidates for the CEO’s seat are Mauricio Machado de Minas, Alexandre da Silva Gluher, Domingos Figueiredo Abreu, Josue Augusto Pancini, Marcelo de Araujo Noronha, Octavio de Lazari, and Andre Rodrigues Cano.
Mauricio Machado is a 58-year old executive who heads the IT department of Bradesco and has been at Bradesco for eight years. He aided the bank’s digital-only offshoot. Alexandre Gluher is a 57-year old who works at the bank as the chief risk officer. Alexandre has been working in the bank for almost forty years. Domingos Abreu is 58 years old. He heads the bank’s lending and treasury sections and has been working in the institution since 1981. Domingos together with Alexandre played significant roles in the bank’s largest acquisition of the HSBC Holdings.
Augusto Pancini heads the bank’s investment and corporate banking department. He is also responsible for Bradesco BBI together with its card operation. He is 52 years old and joined Bradesco in 2003. Octavio has been at Bradesco for almost forty years. He recently got a promotion to head the bank’s insurance section and manage some of the bank’s results. Andre Cano directs the human resources unit of Bradesco. Cano has been in Bradesco for almost 40 years.
Luiz Carlos Trabuco Cappi served as Bradesco’s executive VP since March 1999. Since March 2009, Luiz has been the CEO of Banco Bradesco S.A. He serves as the CEO of Bradesco Seguros and is also the internal director of the bank. Trabuco studied at the University of Sao Paulo from where he got his undergraduate and post-graduate degrees. He currently operates in Sao Paulo, Brazil.
Luiz Carlos Trabuco Cappi is the fourth president of Banco Bradesco in the 70-year history of the bank. Luiz has been among the few to lead one of the largest privately-owned banks in Latin America. Luiz shares a birthplace with the bank’s first president, Amador Aguiar. After his graduation, Trabuco entered the banking institution at the age of 18 in 1969. His 40 years in the bank saw him through multiple positions of leadership. He became the department director in 1984 and later the managing director in 1988. Trabuco’s management expanded Bradesco Seguros exponentially in just six years.
Luiz Carlos Trabuco Cappi has vast experience in the commercial area. He focuses on the fundamental and more traditional banking practices. Besides, he tries to understand the desires, interests, and values of the bank’s clientele to serve them better. Read more:https://relationshipscience.com/luiz-carlos-trabuco-cappi-p3489986