After a highly anticipated wait, Brazil’s Bradesco bank recently came out with the announcement that their current chairman Lazaro de Mello Brando would be retiring from his position. Brando served for a total of seventy-five years at the company and will be leaving the Board of Directors, but will still retain his position in the company’s holdings.
The announcement was made by Luiz Carlos Trabuco Cappi, who currently serves as the CEO of the company. The entire economic and financial industry was in shock after getting to know of this decision. It called for an immediate change in the company leadership that outsiders were not expecting.
Now, Bradesco Bank is currently in a progressing situation after which they will transition into their new leadership. The company has always followed the policy of electing people from within the company itself, to ensure maximum efficiency of the leaders who join in. The post of chairman too fill be filled out by the company in the same way. There are seven prospective candidates who people are speculating to be the next chairman of Brazil’s largest publicly owned bank. However, Bradesco has not yet released any official statements regarding this.
Another unexpected announcement on brasil247.com, which stated that the company had decided to extend the term of current CEO Luiz Carlos Trabuco. Typically, the company has provisions in place that ask their employees to retire once they reach the age of seventy-five. However, there have been cases in the past where the company has exempted people from this policy. The reason for this extension was because the company needed a leader during this transition period until they elect a new chairperson of the company. Luiz Carlos Trabuco will be serving as the chief executive officer and the chairman of the company side by side. The company has yet to announce when the new chairman will be elected into place, but speculators think that it will be somewhere around the start of the financial year in 2018. Since Luiz Carlos Trabuco is more than capable of leading the company, there is no rush or pressure on the board of directors to elect a chairperson soon. However, it would help ease the workload that Luiz Carlos Trabuco is now carrying on his shoulders.
Luiz Carlos Trabuco is an incredible leader to the company according to folha.uol.com.br. He has been working with Bradesco for an astonishing amount of time. During this time, he has brought significant changes to the company and has helped them develop and be the company that they are today. He is an incredibly innovative leader and has brought along several ideas that have helped the business grow and develop. He has always worked to motivate people, rather than to command them and possess incredible leadership qualities. Luiz Carlos Trabuco has also brought a significant amount of business to the company and has helped them retain their old clients as well. He has dedicated his entire professional life to Bradesco and has been working there for remarkable forty-eight years.
Luiz Carlos Trabuco is a graduate of the School of Sociology and Politics Foundation in Sao Paulo. Soon after completing his education, he started working for Bradesco. He worked hard to climb up the corporate ladder, learning something new every step of the way. He has been a leader to several subsidiary companies of Bradesco before he joined the central office of the company.
The company is confident that Luiz Carlos Trabuco will be able to lead them efficiently until a new leader is elected owing to the incredible experience that he has to work at Bradesco.
Search more about Luiz Carlos Trabuco: http://www1.folha.uol.com.br/mercado/2017/10/1926243-proximo-presidente-do-bradesco-saira-da-diretoria-do-banco-diz-trabuco.shtml