Luiz Carlos Trabuco Cappi has found himself in a unique position. Working as CEO of Banco Bradesco SA, and now also taking on the role of chairman after the previous one, Lazaro de Mello Brandao had made the decision to step down. The bank plans to elect a new CEO in March, but, until that time, Luiz Carlos Trabuco Cappi will be taking on both roles.
Brandao’s Retirement Leaves A Gap In Leadership That The Bank’s Executives Are Racing To Fill
Among the oldest serving bank chairmen globally, at 91, Brandao’s decision to retire comes as no surprise. Starting out as a clerk during the second world war, and eventually working his way up to CEO, and then to chairman over 25 years ago; one of only two chairmen that the bank has ever had. However, with him stepping down, and the current CEO taking on his role, a succession race was inevitable, and a number of executives at the company are now gunning for the position.
While it was Brandao’s own choice to resign, he has also taken the decision to remain in charge of a number of the bank’s holding companies. So while his presence is being reduced, he will by no means be simply fading away into obscurity.
Promotion From Within
Brandao held a strong belief that executives should be promoted from within, rather than being brought on from a pool of outside talent. This is a philosophy which Luiz Carlos Trabuco Cappi shares and the bank is set to continue along this path, with a new Chief Executive Officer being chosen from among its highest-ranking executives.
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When it’s finally time for Trabuco to fully take on the role of chairman, a successor will need to be chosen for the role of CEO. There are a total of seven possible candidates, each of which brings their own unique talent to the company, and has contributed heavily to the success of the company. Regardless of who claims the position, Trabuco’s legacy will be hard to live up to.
Domingos Figueiredo Abreu
Treasurer for Bradesco, Abreu has been serving the bank since the early eighties. With significant experience managing the lending department and the treasury, his financial acumen could be put to good use.
Alexandre da Silva Gluher
At 57 years old, and serving since 1976, Gluher shows a lot of promise. As the bank’s chief risk officer, he aided in the negotiation of one of the largest acquisitions in Bradesco’s history.
Josué Augusto Pancini
Responsible for managing the bank’s high-income segment and its branch network, this 57-year-old executive has been serving Bradesco since 1975 and has provided significant value to the company over his many years working there.
Marcelo de Araujo Noronha
Responsible for the corporate and investment banking operations of Bradesco, as well as Bradesco BBI, and the company’s card operation, this executive is one of the newer additions, joining in 2003. However, they have experience managing a heavy workload and could put that to good use as CEO.
Mauricio Machado de Minas
Manager of Bradesco’s IT department, and the mind behind the bank’s digital services, de Minas is a tech-savvy executive who joined the company in 2009 after previously working for an IT company.
André Rodrigues Cano
Having been promoted to higher management recently, Cano is one of the freshest executives. Currently managing the human resources department, he has been with the company since 1977.
Octavio de Lazari
Manager of the bank’s insurance unit, Lazari is the most recent addition to the executive roster, having been promoted last May. Serving the bank since 1978, he’s currently responsible for a third of Bradesco’s results.
Luiz Carlos Trabuco Cappi’s achievements led him to be promoted as the executive vice president of the bank in 1999, and later the chief executive officer. Unlike most bank presidents who boast degrees in economics, administration, or accounting, Luiz Carlos Trabuco Cappi holds a philosophy degree from Sao Paulo University and post-grad degree in socio-political science. He joined the University of San Paulo in a bid to advance his education, and it is here that he pursued a business degree for four years.
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