Brandao Steps Down And Replacements Are Selected

Lazaro de Mello Brandao is one of the longest serving chairman at the worlds savings bank. At the age of ninety one, he will be stepping down from a role that was fulfilled for more than twenty five years. He was able to improve significantly based on his success at Brazil by the acquisition of the second largest institution based on market net worth.

Brandao will no longer fulfill the position which will instead be occupied by Luiz Carlos Trabuco Cappi. A new CEO will be appointed at that time based on regulations announced on Tuesday. Not only has he been an experienced professional, but is a self-made man with experience as a clerk since the nineteen forties. The bank’s board has continued significantly as Brandao now is a stellar employee who has gained a significant reputation. The holding company that Bradesco is in charge with will also develop significant changes and benefits.

There has been a considerable culture of management facilitated by Brandao’s years of experience. Bradesco will be responsible for selecting further employee roles over time. There are seven officials who will be considered as people can be better established.

According to economia.estadao.com.brBradesco announced a recent change that announced the last year of the CEO being eligible would be sixty seven. Trabuco was directly affected by this policy as it gives him another year to determine his successor.He was also involved with numerous legal cases including for tax-fraud and corruption at multiple levels. Now Trabuco has been cleared of the charges. Overall there are no regrets in the seventy five year operations at the company. He is set to maintain the existing conditions and strategies that have been implemented over the past few years.

Read more: Bradesco: New president to leave executive body, says Trabuco‚Ä®

He has also determined a list that will illustrate potential candidates that can replace him.

Some of the figures from this list include Mauricio Machado de Minas, Alexandre da Silva Gluher and Domingos Figueiredo Abreu. These are three of the candidates that have been hand selected. Minas is fifty eight years old and has been responsible for the technology systems available in the bank. He was also responsible for bank spinnos and digital-only systems of development. After joining the bank in 2009 he has continuously worked in the field with a similar company entitles CPM Braxis SA.

Gluher was one of the most important players in the process of a five point two billion dollar acquisition. This took place with the purchase of HSBC Holdings as well as the acquisition of separate retail units throughout Brazil. With a long career history, Gluher has been at the institution since 1976.

Domingos Abreu is a fifty eight year old treasury leader that has been part of the bank and multiple lending departments. Presently, Abreu has been going through investigations regarding the Aelotes probe. Even though there are a lot of cases where these charges have been denied, it is nonetheless an obstacle that had to be addressed. This individual has been at Bradesco ever since the 1980s.

Other candidates include Marcelo de Araujo Nornha and Octavio de Lazari. The former has been an important part of banking strategies as they relate to investments. This fifty two year old has been part of the bank since 2003 and has continually developed new changes and acquired steadfast results.

Octavio de Lazari is an important part of the management team that Bradesco has. He was appointed since the previous May and has contributed significantly for insurance and other standards of management. He is only fifty four years old and has been part of the company since nineteen seventy eight on wards till today.

Luiz Carlos Trabuco

Luiz Carlos Trabuco has been working with Bradesco Bank for more than 40 years. When he was still a student, he decided to attend the Faculty of Philosophy, Sciences, and Letters, and he would also attend the Foundation School of Sociology and Politics where he would be earning his degree in Socio-Psychology. At the age of 17, he has been working with the Bradesco Bank, serving as one of its clerks. He would fall in love with the job, and he would be working hard day and night to climb the corporate later. After decades of working for the company, he was rewarded and was offered the position of becoming their CEO. As the newest head of the company, he is tasked to do something to beat the formidable alliance between Banco Itau and Unibanco. Having a brilliant mind, Luiz Carlos Trabuco Cappi thought of purchasing the Brazilian arm of HSBC, and he believed that this move would increase the value of the company.

Visit terra.com.br for more information about Luiz Carlos Trabuco.

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