Bradesco To Choose Board Member As The New President

Bradesco’s CEO, Luiz Carlos Trabuco Cappi, has announced that plans to get a new president of the bank are underway, following the resignation of his predecessor, Lázaro Brandão. Trabuco claims that his predecessor had an interest in his career in the past and this was clear when Lázaro Brandão proposed the CEO’s choice as vice president.

This was during a press conference that the bank that was held on Wednesday. He also revealed that the next president of the financial institution would come from the board members of Bradesco. By tradition, the financial institutions pick competent house executives to manage the company instead of hiring a president in the market.

New president of the bank

Trabuco will serve the two lucrative posts up to the time the first meeting of the collegiate will be held. This will be after the annual general meeting of stockholders that is programmed for March 2018. It is during the meeting that a new executive director of the second largest private financial institution in the country will be elected.

As stated by the bank, Trabuco’s successor is not yet selected, and there is no prediction to expect the choice of the name before the general meeting is held in March. Trabuco said that the selection of the next president would be an ordinary routine procedure whereby the company respects the talents for serving the organization diligently. According to Trabuco on folha.uol.com.br, there is no a well-defined profile for his vice president to the organization’s command, but he considers leadership skills and “own light” as the desired qualities.

The rise of Trabuco has made the Bradesco Board that comprises eight members a former bank executive and members of Aguiar family hold a vacant post at the organization. However, the banker claims that there are strategies to increase the group’s body in a further wave are underway, in addition to the existing replacement in the future. Nevertheless, the plans are not yet defined.

Follow Luiz Carlos Trabuco Cappi on LinkedIn.

Extension of the role of Trabuco in the organization

On the change of law that gave Trabuco the powers to continue serving as the chief executive of the organization last year, the banker claimed that it was the acquisition of HSBC that motivated the extension of Trabuco’s mandate. On top of that, the group said that it plans to extend the age limit for the 65-year old president to 67. This move will postpone the natural exit of the current CEO.

The list of the executives running for the position of the president includes:

• Mauricio Machado de Minas: a 58-year-old serving at the organization’s IT department
• Alexandre da Silva Gluher: the bank’s chief risk manager
• Domingos Figueiredo Abreu: serves at the company’s treasury and lending departments
• Josué Augusto Pancini: is responsible for Bradesco’s branch network
• Marcelo de Araujo Noronha: accountable for the bank’s corporate and investment banking
• Octavio de Lazari: the recent addition to the management team of the bank
• André Rodrigues Cano: serves at the department of human resource

About Luiz Carlos Trabuco Cappi

On October 6, 1952, Luiz Carlos Trabuco Cappi was born in Marilia a small town in the heart of Sao Paulo. He enrolled at the University of Sao Paulo where he received a post-graduate degree in politics and sociology. Luiz Carlos Trabuco Cappi also was awarded the degree of philosophy, science, and literature from the same institution. In April 1969, he started his career journey at Banco Bradesco S.A. Trabuco is among the lucky individuals who have held all positions of hierarchical scale of the organization. These posts include:

• In January 1984, he was nominated as the Department Director
• In March 1998, he served as the Managing Office
• In March 1999, he served as the Executive Vice President
• In March 2009, he became the Chief Executive Office of the Board of Directors

Find more about Luiz Carlos Trabuco Cappi: https://g1.globo.com/economia/negocios/noticia/lazaro-brandao-renuncia-ao-conselho-de-administracao-do-bradesco.ghtml

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