It is the end of an incredible 75-year era for Banco Bradesco and the beginning of a bright future. Luiz Carlos Trabuco Cappi the current CEO announced the retirement of one of the oldest and most respected members of the Brandesco bank. Lazaro Bandao is 91 years old and has been the president of the board of directors since 1990.
He has passed on the position to the current CEO Luiz Carlos Trabuco Cappi, but according to Brazilian law employees can only hold one executive position. As Bandao steps down, Luiz Carlos Trabuco Cappi will pass his position as CEO on to one of the seven Vice Presidents of the bank. Employees are Banco Bradesco are extremely loyal and remain with the company their entire lives. Lazaro Bandao was only the second President of the board of directors for the entire history of the financial institution. Luiz Carlos Trabuco Cappi is only the fourth CEO and has been with the bank for 48 years.
Read more: Bradesco to choose board member as new president, says Trabuco
According to the banks bylaws CEO’s must retire at the age of 65, but in 2016 the bank made some alternations that allowed Luiz Carlos Trabuco Cappi to remain as CEO until the age of 67, which is this year. In March of 2018, Luiz Carlos Trabuco Cappi will resign as the company’s CEO and the new Chief Executive Officer will be chosen according to the banks traditions of hiring from within the company. This improves employee morale, as there are more opportunities for advancement, merit-based promotions and increased teamwork. The loyalty and dedication of the banks employees creates a family environment that encourages productivity and efficiency. The promotion process is fair and merit based. For example, the accomplishments of the seven Vice Presidents include negotiating large acquisitions such as the banks $5.2 billion take over of HSBC’s Brazilian unit or creating a Bradesco banking division entirely online.
The seven Vice Presidents that are running for the position of Chief Executive Officer include:
• Josue Augusto Pancini has been with the bank since 1975 and is responsible for Bradesco’s high-income accounts.
• Alexandre de Silva Gluhar is the Chief Risk Officer and has been with the bank since 1976. He and Dimingos are the ones who negotiated one of Bradesco’s most lucrative and aggressive take overs of HSBC.
• The banks newest Vice President is Andre Rodrigues Cano joined Bradesco in 1977 he is currently the banks HR manager and was promoted in December of 2017.
• Octavio de Lazari is responsible for the banks loan insurance portfolio, which is Bradeso’s most lucrative division. Octavio joined Bradesco a year after Andre in 1978.
• Domingos Figueiredo Abreu is the banks treasurer. He is also credited with the HSBC acquisition. Domingos has been working at Bradesco since 1981.
• Marcelo de Arajuo Noronha is the corporate and investment banking manager. He is one of the newest Bradesco senior executives as he joined in 2003.
• Mauricio Machado de Minas is the newest addition to the Bradesco family. He is entirely responsible for developing the banks IT infrastructure and has created a Banco Bradesco division, which operates entirely online. He joined the company in 2009.
One of these qualified individuals will lead Banco Bradesco into the future with the guidance of Luiz Carlos Trabuco Cappi and the board of directors.
Luiz Carlos Trabuco Cappi has over 50 years of financial services experience and has been with the bank since he was 18 years old. He completed his bachelor’s degree at the University of Sao Paulo with a major in Philosophy, science and letters then, his master’s from the Foundation School of Sociology and Politics with a degree in Socio-Psychology. Luiz Carlos Trabuco Cappi joined Banco Bradesco in 1969 and quickly rose to the top. During his reign Banco Bradesco has seen a meteoric rise in the number of account holders and exponential growth that now includes over 5000 agencies and branches all over Latin America.
Find more about Luiz Carlos Trabuco Cappi: http://www.valor.com.br/financas/5194121/trabuco-apesar-das-incertezas-investidores-acreditam-no-pais