Banco Bradesco Set to Appoint a New CEO as Luiz Carlos Trabuco Retires

Lazaro de Mello Brandao is widely recognized for his top managerial roles at Banco Bradesco. Apparently, Brandao serves as a chairperson in this pioneering private lender firm. He has consistently served in this place for the past 3 decades, a period within which he demonstrated his enterprise performance. In a statement released by Banco Bradesco, Brandao has confirmed his plan to step down and relief himself of the board duties.

Following Brandao’s resignation, Luiz Carlos Trabuco will run the company as the chairperson and the chief executive officer concurrently for the next 6 months. Banco Bradesco is planning to appoint a new chief executive officer in March to replace Trabuco. The appointment will solely be done by shareholders through an assembly meeting.

Brandao is among the oldest servants at Banco Bradesco. For the record, he has continually worked in the company for the last 7.5 decades. Further, Brandao is among the founding employees at Banco Bradesco. Brandao’s career success in the firm resulted from his strong relationship with Amador Aguiar, Banco Bradesco founder. As a result of this relationship, Brandao has loyally served in various managerial positions within the company.

Brandao is an enthusiastic character with great determination in management and leadership. He first became the chief executive officer at Banco Bradesco in 1981, a place he left in 1999. Brandao also became the company’s chairperson in 1990.

Banco Bradesco was to appoint the new chief executive officer but the process was hugely halted by the demise of Marco Antonio Rossi in a fatal plane crash. Antonio was a top candidate for the post. The company was tentatively forced to push the arrangement to give room for potential candidates to present their interests.

Antonio was an active executive who mainly offered extensive insurance services. According to Bradesco, the CEO selection process delayed for at least 2 years. Prospective chief executive officers, who now serves as presidents include Mauricio Minas, Josue Pancini, Octavio Lazari, and Alexandre Gluher.

Aged 91, Brandao is among the oldest banking industry profounder who are still serving as chairmen. His latter announcement to step down attracted several talents willing to take over from him. Banco Bradesco still ranks highin Brazilian banking industry and ranks second in market value.

Luiz Carlos Trabuco joined Banco Bradesco in 1993 as a clerk. Aged 16, Trabuco demonstrated determination and high-end competence in his duties. As a result, he later became the chairperson in the company. Apparently, he serves as the CEO in the firm.

Just like Brandao, Trabuco is a long serving employee at Banco Bradesco. During his time in this enormous company, Trabuco has gained managerial and financial skills in the banking sector. He was recently recognized and featured by Bloomberg as one of the top influencers in the Brazilian banking sector.

While confirming his decision to step down, Brandao stated that he will still be in charge of some holding companies run by Banco Bradesco. While in office as the chief executive officer and chairperson, Brandao fostered managerial culture at Banco Bradesco. As a result, the company now has enough pool of talents to pick the new CEO without necessarily outsourcing from other banking industry firms. The appointment of the new CEO will now be done by Banco Bradesco shareholder during a meeting scheduled for March in the upcoming year.

Trabuco formerly served as the president at Banco Trabuco before becoming the CEO in 2009. Trabuco earned a postgraduate degree from the University of Sao Paulo’s School of Sociology and Politics. He also attended the University of Sao Paulo where he majored in Sciences, Philosophy, Arts, and Language studies. Trabuco now has over 40 years of experience in the banking sector, particularly in insurance. Learn more:http://www.hoovers.com/company-information/cs/marketing-lists.banco_bradesco_s_a.294a878ad3b224d4.html?oid=2462417000000000&cid=96010000000000

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