Bradesco Bank on the Hunt for New CEO
Founded in 1943, Bradesco Bank is one of the leading banking institutes in Brazil. The bank is in a transition after its chairman Lazaro de Mello Brandāo retired. Lazaro is considered one of the oldest bank chairmen at 91. He has served as the chairman of this bank for over 25 years. Lazaro worked closely with the bank’s founder Amador Aguiar. Because he has worked with Bradesco Bank since its foundation, he will be missed by many. Lazaro was once also the Chief Executive Officer of Bradesco in 1981 but left the position in 1999. Luiz Carlos Trabuco Cappi is going to be his replacement. Luiz Trabuco Cappi is the current Chief Executive Officer of Bradesco Bank. He will have to hold both the chairman and CEO position until the bank chooses its next CEO.
Luiz Trabuco has served as the bank’s CEO since 2009. Bradesco Bank has a CEO age limit of 65. However, they are planning to add two more years to this age limit. Luiz who is currently past the age of 65 will have a chance to run the bank for a little more time before he hits his 67 age mark. Luiz Trabuco started his career at 16 and held a position as a clerk in 1943. He moved up the ladder and has made history of being the second chairman and one of the four CEOs in Bradesco bank.
According to Trabuco, the new CEO will come from the talented pool of Executives in the bank. They include; Alexandre da Silva Gluher, Mauricio Machado de Minas, Domingos Figueiredo Abreu, Marcelo de Araujo Noronha, Josué Augusto Pancini, André Rodrigues Cano and Octavio de Lazari. Trabuco hopes to uphold the high standard set by his predecessor. Everyone is looking up to him to name the new CEO which will not be an easy task given the success of the people running for the position.
About Luiz Carlos Trabuco Cappi
Born in 1951, Luiz Trabuco studied at Sāo Paulo University where he received his post-graduate degree from the School of Sociology and Politics. He then graduated from the Philosophy, Sciences, Languages and Arts Faculty from the same Institute. He began his career as the clerk in Bradesco and worked his way up. He is known as a hard-working person. His work ethics helped him gain recognition in the bank. Before being named Bank’s CEO, Mr. Trabuco held several positions including Executive Director and President of Bradesco Previdência, Executive Vice President of Bradesco Seguros, and the Vice-Chairman of the Board of Directors of Banco Bradesco South America.
He also served as the President of Bradesco Seguros four years after being appointed the Vice President. During his years of position as the President, he helped the company make tremendous advancement, and in no time, Seguros was double its former size. His commendable work in these positions led him to the top. He became the bank’s CEO in 2009 and is also currently the Chairman.
Apart from his work with Bradesco, Luiz Trabuco has also held several other positions. He was once a Member of Management Board at ArcelorMittal Brasil. He also served as the Chairman and Director of Odontoprev. In 1994, he worked as the President of ANAPP but left in 2000. Luiz is currently the Vice-Chairman of Bradespar. He is also the Internal Director of Banco Bradesco S.A. He has amassed a lot of recognition in Brazil. He is known for his loyalty which makes him greatly respected among his peers. His contributions have not gone unnoticed, and he received the Entrepreneur of the Year award.
Check for more:http://www.consultasocio.com/q/sa/luiz-carlos-trabuco-cappi