Lazaro de Mello Brandao recently stepped down from the position of the chairman of the board of directors at Bradesco, the second largest private bank in Brazil. Brandao has enjoyed a 27-year reign since taking up the position in the year 1990. He named Luiz Carlos Trabuco Cappi who served as the vice chairman as his successor. The development brings a realization that Brandao had his succession in mind when he proposed Luiz Carlos Trabuco Cappi’s name as the board’s vice chairman years ago. It is clear that he had checked and affirmed his capabilities.
A Vacancy is Created
Luiz Carlos Trabuco Cappi’s ascension to Chairman creates a vacancy in his current position of the bank’s President. He is, however, holding the position until the first board meeting after the shareholder’s meeting which will take place in March next year. He will serve in both posts despite the bank’s rule of executives not holding two positions at the same time. Another rule of the bank states that Presidents leave their positions at the age of 65. According to Brandao on folha.uol.com.br, selecting new executives is an affair that should not be rushed. It is for this reason that he changed the rules to see Luiz Carlos Trabuco Cappi hold his current position for two more years. The extension was also made to see that the acquisition and integration of HSBC to the bank was completed under his watch.
The next president at Bradesco will be stepping in a very challenging position. Among the challenges is the issue of digitizing all the 27 million customers of the bank. The position calls for an individual who can run a large corporation with different arms. As per the tradition, the bank tends to look for presidents within the team, with top executives forming the potential candidate’s list. The name of the new president must reach Central Bank 30 days before the board meeting in March 2018. The names likely to succeed Luiz Carlos Trabuco Cappi are the seven vice presidents at Bradesco. They include Mauricio Machado de Minas who serves as the Vice President of technology in the bank, Alexandre da Silva Gluher, Investor Relations Director, and Domingos Figueiredo de Abreu, Treasury and Credit Vice President. The other four names are Josue Augusto Pancini of branch network arm, Octavio de Lazari Junior who heads Bradesco Seguros, Marcelo de Araujo Noronha of the cards and investments division, and human resources department’s Andre Rodrigues Cano.
Luiz Carlos Trabuco Cappi
Luiz Carlos Trabuco Cappi joined the banking sector in the late 60’s. He started off as a clerk in Bradesco working in his hometown of Marilia. He later moved to the bank’s headquarters in Sao Paulo and began going up the ladder. He was appointed the Director of Marketing, a position he utilized to open up the bank to the media. He rose again to head the pensions division as the Executive Director and President in 1992. Seven years later, he rose to the position of the Executive Vice President of the bank’s insurance division, Bradesco Seguros. Luiz Carlos Trabuco Cappi was later appointed the President of the arm, the position that paved the way for his position as the bank’s President.
Luiz Carlos Trabuco Cappi has done extremely well in the banking field despite his background training in a different sector. He studies philosophy at the University of Sao Paulo. He would later enroll for postgraduate studies in social-psychology at the School of Sociology and Politics of Sao Paulo. Luiz Carlos Trabuco Cappi’s work over the years has earned him several accolades. During his tenure at Bradesco Seguros, he was honored severally as the Insurance Personality of the Year. He has also held the prestigious Entrepreneur of the Year in Finance.
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