In 2017, Brandao, the longest-serving chairman of Brazil’s Banco Bradesco stepped down. The 90-year-old left room for a youthful leader. In a press statement, he said that he hoped his legacy would live even as he resigned. Brandao also added that he would appreciate the maintenance of internal recruitment in Bradesco. That marked the beginning of a search for Brandao’s replacement.
Brandao Elects Luiz Carlos Trabuco
In a meeting with Bradesco’s management, Brandao elected Luiz Carlos Trabuco as his successor. He was confident about his choice because Luiz Carlos Trabuco had the required experience and expertise. To date, Luiz Carlos Trabuco has been holding two executive positions. Recently, one of the positions was filled by Mr Octavio de Lazari who has been appointed as the new Chief Executive Officer of Banco Bradesco. Octavio’s appointment was professionally handled by a committed panel.
The succession of Luiz Carlos Trabuco and Brandao has been endorsed by the board of directors. His qualifications were adequate enough for him to hold such a position. He also portrayed leadership qualities that were highly recognized by the panel. Octavio meets the fundamental requirements of leading Banco Bradesco according to estadao.com.br.
Luiz Carlos Trabuco Maintains his Position
Luiz Carlos Trabuco, on the other hand, will hold his position as the chairman until March 12th, 2018. His successor will take over after the annual general meeting. Addressing the press, Luiz Carlos Trabuco said that Mr Octavio has the reporting date on his calendar. He did not want to disclose more details regarding his role in the coming days.
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Luiz Believes in Octavio’s Ability
In his interview with Davos, Luiz Carlos Trabuco confirmed that the reporting date was fast approaching. He also stated that Octavio will be able to lead Banco Bradesco given his past experiences as a leader. Given Bradesco’s position in the market, a lot is at stake. Luiz Carlos Trabuco will be observant so as to ensure that everything runs as required.
Luiz Carlos Trabuco was to leave Banco Bradesco in 2016. His stay at the back was prolonged on the basis of his competent leadership skills. The delay paved way for new roles within the organization in regard to the prolonged stay by Luiz Carlos Trabuco. He became the immediate replacement after Brandao retired. Apart from that, he facilitated the acquisition of HSBC.
Why Luiz was Elected
Luiz Carlos Trabuco is an excellent leader, which is why he succeeded Brandao. He overrode other candidates like Alexandre Gluher, Josue Pancini and Mauricio Minas. Luiz Carlos Trabuco was 17 when he joined Banco Bradesco. He worked as a clerk. He was able to garner extensive experience in leadership and management. Being a visionary, he earned a promotion as the vice president. Luiz Carlos Trabuco then landed a role as the head cheerleader.
Between March 2003 and March 2009, Luiz Carlos Trabuco was president at Grupo Bradesco Seguros. In mid-2009, Luiz Carlos Trabuco was elevated to Chief Executive Officer. The alumnus of Faculdade de Folosofia majored in social psychology. He also attended Ciecias e Letras de Sao Paulo for philosophy.
Luiz Carlos Trabuco is a competent leader in banking and finance. He held senior leadership positions. Through these positions, he grew Banco’s revenue to millions. Luiz Carlos Trabuco continues to serve as the chairman. He will strive to streamline the bank’s infrastructure.