Lazaro de Mello Brandao, the world’s oldest bank chairman at 91 years of age, will step down from is stepping down from his position at Banco Bradesco SA after 25 years of service. Brandao’s departure has ignited a race to succeed him in power.
In the Interim, the vacated position will be manned by Luiz Carlos Trabuco Cappi, the bank’s current chief operating officer. Trabuco will perform the duties of both positions until March of 2018 at which time Banco Bradesco SA will appoint a new CEO.
Brandao’s historic tenure with Bradesco began in 1943 when Brandao was hired as a 16-year-old mail clerk. In 1981 Brandao joined a select group of executives when he became one of only four CEO’s Bradesco has had in its history. Brandao would find himself to be the member of an even more exclusive group when he was appointed chairman of Bradesco as he is only the second chairman in company history.
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In a recent talk with journalist Brandao expressed that it was his own decision to resign at this time and expressed that continuity with the company will not be a concern. As chairman Brandao greatly favored the promotion of executives from within company ranks. This company philosophy is expected to remain in place.
The Talent Pool
While speaking at the same media event as Brandao, Trabuco reiterated that the pool of talent that has already been assembled by the retiring chairman will provide the second largest bank in Brazil with its next CEO. Some possible candidates to replace Luiz Carlos Trabuco Cappi as Bradesco CEO are.
· Mauricio Machado de Minas: Machado joined the bank in 2009 and is currently in charge of the company’s IT department.
· Alexandre Da Silva Gluher: Gluher joined the bank in 1976 and is the Bradesco’s chief risk officer. Gluher was also a central party in Bradesco’s $5.2 billion acquisition of HSBC Holdings Brazil.
· Domingos Figueiredo Abreu: Abreu heads the bank’s treasury and lending department. He has worked with Bradesco since 1981.
· Josué Augusto Pancini: An employee since 1975, Pancini supervises the bank’s branch network.
· Marcelo de Araujo Noronha: The 52-year-old Noronha joined Bradesco in 2003 and is in charge of the bank’s corporate and investment banking.
· Octavio de Lazari: The 54-year-old Lazari has been with the bank since 1978 and was appointed to Bradesco’s team of managers last May.
· André Rodrigues Cano: Cano heads the bank’s HR department. He has worked with Bradesco since 1977.
About Luiz Carlos Trabuco Cappi
Luiz Carlos Trabuco Cappi was born June 10, 1951, in Marilia, SP. Trabuco began his professional career in banking with Banco Bradesco in 1969. Bradesco would turn out to be the only employer Trabuco would need.
Years of dedicated service to the bank by Trabuco was rewarded in 1984 when Trabuco was elected company director. In 1999 Trabuco was promoted to vice president of the company and from 2003 to 2009 Trabuco served as president for the Bradesco Seguros Group.
Trabuco was elected in 2009 to be Banco Bradesco’s Chief Executive Officer. Trabuco will continue to hold this position for Banco Bradesco until March of 2018 when he will become the third chairman in Banco Bradesco history.
Learn more about Luiz Carlos Trabuco Cappi: http://www.tostoadv.com/bradesco-quer-mudar-regra-para-trabuco-ficar-no-cargo/