Lazaro de Mello Brandao was one of the longest serving bank chairmen in the world. He had maintained his position in office till the age of ninety one. He has also been one of the longest serving members to ever hold this kind of position.
After more than twenty five years of service in Banco Bradesco SA he has planned to step down. This position and opening have led to one of the most persistent and interesting challenges in order to replace him. Banco Bradesco SA is presently the second largest bank in the country of Brazil. Evaluated based on market value it is clear that this is a big responsibility that must be fulfilled by whoever takes his place.
Brandao has stepped down and the duties that he used to fulfill have been taken up by Luiz Carlos Trabuco Cappi. He is now the chief executive officer as well as the president. Holding both positions however is not permitted by the bylaws of the bank. Therefore he will be stepping down and an election process will ensue in order to pick the next CEO. This was announced in a recent report and speaks to the arduous process that will ensue in order to find the most competent replacement for this position.
The executive who is currently in the position is an influential member of the team and has significant expertise and experience with the bank. He started at the young age of sixteen and has become one of very few chairman to hold both positions. Banco Bradesco has been a big part of the career for Luiz Carlos Trabuco Cappi as well as Brandao.
Renewing the bank’s board is an important step when addressing future challenges, Brandao mentioned in a conference. Even though Brandao will step down from the day to day responsibilities he plans on continuing management of the holding companies that encompass Bradesco and other related ventures. There are a lot of ways that he has propagated change throughout the industry with his unconventional practices and policies. A steadfast commitment to the way that business is run in the industry has levered a long standing influence towards better results and methods of processing.
Brandao has a had a big impact on the way that leadership decisions are ascertained in his organization. He has propagated significant cultural shifts too in order to favor executives from within the organization. It is important to note that looking for talent outside the organization is not necessary due to the abundance of positive results that can be seen throughout the institution in present times.
Seven of the most highly ranking officials in the bank have been identified as potential candidates for the position. According to economia.estadao.com.br, Trabuco’s replacement will be able to fulfill core objectives while maintaining a keen overview and understanding of the processes in the organization at large. Having keen knowledge as well as valuable skills that are pertinent to the present operational standards are some of the benefits of selecting a team member that is already familiar with the bank.
The talent pool is diverse and offers a number of great options. Some of the candidates that will be evaluated for the position include Domingos Figueiredo Abreu and Josue Augusto Pancini. These individuals have had long standing histories in the organization starting in 1981 and 1975 respectively. Their attention to detail in multiple projects and departments attests to their ability to handle the changes and diversification that are often accompanied by the bank’s policies as well as steadfast improvements. Abreu has a lot of experience in the treasury as well as lending departments.
Luiz Carlos Trabuco Cappi has served as the CEO, Chairman, vice president and president in the different departments at the Bradesco Bank. In 1999, he became the CEO of Bradesco Providencia Seguros SA. He also served as the deputy president from March 1999 in the same department. In 1994 to 2000 Mr. Cappi was the president of ANAPP. The current president of the Banco Bradesco also served as the member of the managing board for the Brazilian Association of Listed Companies in 2000 to 2003. Since March 2003 he was the president of Grupo Bradesco Seguros. On December 23, 2009, he held the position of the Chairmanship and Director of Odontoprev S.A. Also, Mr. Luiz Carlos Trabuco Cappi served as the CEO and the Executive Deputy President of Banco Bradesco S.A.
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