After the announcement of the impending retirement by one of the world’s most aged chairmen still serving a bank, Mr. Brandao, there is a heated race for his succession. Having worked for the bank in a chairman’s role for over a quarter of a century, Lazaro de Mello Brandao has announced his intention to step down from the mantle of leadership.
For now, his successor on a temporary capacity is none other than the bank’s present CEO, Mr. Luiz Carlos Trabuco Cappi, who is expected to serve in both capacities as the chairman and Chief Executive Officer up to March, when a new CEO for the lending institution will be elected. That will comply with the filing regulation made Tuesday.
One of the innovative management policies that Brandao successfully nurtured in the bank is the culture of in-house promotion where executives are promoted from the rank and file of the existing personnel rather than scouting for outside talent. Many industry analysts believe that the bank will not deviate from this practice when choosing a replacement for Trabuco.
It is therefore expected that there will be maneuvers and counter-maneuvers from among the seven highest placed executives for the plum position. And although he is himself a competitor, Trabuco said at a press briefing he would honor the selection criterion from the bank’s current talent pool.
As the shareholders await the appointment of the new President, perhaps the shares of the bank will not perform vibrantly in the market until the name of the new chief executive is announced sometimes before March.
Read more on folha.uol.com.br
Who Are the Contenders for the Post?
As mentioned earlier, there are seven top-ranking executives who are eying the soon-to-be vacant portfolio. They include a 59-year old executive from the Human Resource Department, André Rodrigues Cano, the man in charge of the bank’s lending departments and treasury, 58-year old Domingos Figueiredo Abreu, Octavio de Lazari: 54, and the one heading the insurance unit of the bank, the 57-year old Josué Augusto Pancini who oversees the network of the branch and the department for high income, the man heading the IT Department, Mauricio Machado de Minas, 58, Marcelo de Araujo Noronha, 52, who leads the bank’s investment and corporate banking, and Alexandre da Silva Gluher, 57, who is the chief risk executive for the bank.
But Who is Luiz Carlos Trabuco Cappi?
Mr. Luiz Carlos Trabuco Cappi is a serial entrepreneur who has had a long and successful career in the Brazilian banking sector. He is a man who is privileged to possess great administrative and organizational skills which he has successfully used to steer one of the leading lending institutions in the country.
In his determination to make the banking sector the main pillar of the economy in Brazil, Trabuco has used a mixture of tenacity, wisdom, and foresight to bring fiscal discipline in both the insurance and the banking sectors. He is the holder of several prestigious awards including the Insurance Personality of the Year award. He holds a degree from the Philosophy, Sciences, Languages, and Arts Faculty of the University of Sao Paulo (USP) and from USP’s School of Sociology and Politics he also obtained a post-graduate degree. For over thirty years, Luiz Trubaco Capi has held several high-flying executive roles. Perhaps more than any other executive, Mr. Trubaco has worked hard to shape the long-term strategies of the organization.
When the bank was under-performing compared to its competitors, it was Trubaco who injected a vibrant style of leadership that made the organization to rise to prominence. The core principle that motivates him is a desire to provide exceptional customer service. That is why the Bradesco is the leading lender in Brazil.
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