At 91, Lazaro de Mello Brandao is among the oldest serving bank chairmen. His decision to step down has triggered a succession race for that position in one of the largest banks in Brazil. Mr. Brandao will be replaced by the current chief executive officer, Mr. Luiz Carlos Trabuco Cappi. Luiz will hold the two positions until March when the lender will select a new CEO for the bank. The executive, Mr. Brandao, started work at the age of 16 as a clerk in 1943. He eventually became one of the chairmen the bank has ever had; the bank has had only two chairmen and four CEOs since its establishments.
In his statement, Mr. Luiz Carlos Trabuco Cappi told journalists that for the continuity of the bank there is a need for renewing its board. Mr. Luiz who holds the Bradesco number one employee badge also said that despite his resignation, he would remain in charge of Bradesco holding companies. Brandao fostered a promotional culture that ensured that the bank’s executives were promoted from the existing employees. This is a course that the bank opts to keep even after Mr. Luiz Carlos Trabuco Cappi’s retirement. The bank will pick his successor from the remaining top seven executives, while the name will be announced at its shareholder’s meeting.
Last year, Bradesco changed its laws and increased the maximum age of its CEOs. The age was increased by two years that is from 65 to 67. These changes will give Mr. Luiz Carlos Trabuco Cappi a few months before naming his successor. The following is a list of his possible candidates:
- Mauricio Machado de Minas
Maurichio is responsible for the IT department of the department. The 58-year-old was also behind Bradesco’s digital spinoff. He also joined the bank in 2009 after working for CPM Braxis SA.
- Alexandre da Silva Gluher
Gluher is 57 and is the bank’s risk officer. He and Domingos Figueiredo Abreu were on the frontline of getting the bank’s biggest acquisition. Gluher has also been with the bank since 1976.
- Domingos Figueiredo Abreu
Abreu the head of the treasury and lending department. He has also been with the bank since 1981
- Josué Augusto Pancini
Pancini is responsible for the branch network. The 58-year-old is also responsible for its high incomes segment. He has worked with the bank since 1975.
- Marcelo de Araujo Noronha
Marcelo is responsible for the banks corporate and investment banking. He joined Bradesco in 2003.
- Octavio de Lazari
Octavio was recently appointed as the leader of the Lender Insurance Unit that holds the responsibility for about one-third of the bank’s results. He had also been with Bradesco in 1978.
- André Rodrigues Cano
He is responsible for the bank’s human resource department. The 59-year-old has been with the bank since 1977.
Luiz Carlos Trabuco Cappi
Luiz Carlos Trabuco Cappi headed the bank for eight years after taking over from Marcio Cypriano in 2009. The 64-year-old is the fourth president of the bank. Other two presidents were Amador Aguiar and the founder Lazaro Brandao.
Luiz as the president
He came into the bank when it had a market value of about 30 million dollars. His main job was to improve the bank’s financial position. Some of the strategies he used helped in the growth of its clientele base. These strategies increased the bank branches and the introduction of friendlier rates to its clients.
Cappi graduated with top honors from the University of Sao Paulo. He also applied for physiology and sociology in the same University. Luiz Carlos Trabuco Cappialso completed his doctorate program in both politics and sociology in Penteado Foundation University. Know more: https://br.linkedin.com/in/luiz-carlos-trabuco-trabuco-37a79229