After serving as CEO of Brazil’s Bradesco bank for over 25 years, Lazaro de Mello Brandao announced he would be stepping down. Brandao began work at the age of 16 as a clerk and worked his way to his most recent position over the course of several decades. According to Bloomberg, Brandao ranked as one of the world’s oldest leaders in banking.
As part of Brandao’s belief that promotion should come within the companies existing ranks, his replacement will be Luiz Carlos Trabuco Cappi, who currently serves as the chief executive officer for the company. He will hold the position until March, when the institution will elect a new chief executive officer.
According to istoedinheiro.com.br Cappi offered reassurance that the new CEO choice would reflect Brandao’s wish to promote from within the company rather than seeking talent from outside. The list of candidates includes:
– Mauricio Machado de Minas: Current head of the bank’s IT department. He has been working with the bank since 2009.
– Alexandre da Silva Gluher: Current chief risk officer for the bank, he has worked with Bradesco since 1976.
– Domingos Figueriedo Abreu: Currently responsible for the bank’s treasury and lending departments. He has been with the company since 1981.
– Josué Augusto Pancini: Currently in charge of the bank’s branch network and its high income segment. He has worked with Bradesco since 1975.
– Marcelo de Araujo Noronha: Responsible for Bradesco’s corporate and investment banking sectors, card operations, and Bradesco BBI. He has been with the bank since 2003.
– Octavio de Lazari: A recent addition to the higher management team at Bradesco. He is currently in charge of the lender’s insurance unit and has been with the bank since 1978.
– Andreé Rodrigues Cano: Current head of the human resources department at Bradesco. Along with de Lazari, Cano is another recent addition to the higher management team. He has been with the bank since 1977.
While it was Brandao’s decision to resign from his position as CEO of Bradesco, he will remain in charge of various holding companies operated by the bank.
Luiz Carlos Trabuco Cappi has held various positions with the company over the years since beginning with the company in 1969. These positions include Managing Director of the bank. He has also served as Vice President starting in 1999 as well as Departmental Director starting in 1984 until 1992.
Outside of Bradesco, he has also been fairly active, serving as the president of ANAPP, which translates to the National Association for Private Pension Plans. He held this position from August of 1994 to August of 2000. He has also been a member of the managing board for ABRASCA, or the Brazilian Association for Listed Companies. This was from July 2000 until February 2003. He studies at the University of Sao Paulo’s School of Sociology and Politics, from which he received a post-graduate degree. He also graduated from the Philosophy, Sciences, Languages and Arts Faculty there as well.
Luiz Carlos Trabuco Cappi will hold this position until a new CEO is selected from the candidates listed above, which make up the bank’s seven highest ranking executives according to g1.globo.com. However, these discussions are considered to be confidential and the identities of the individuals responsible for the decision appear to be confidential as well.
Brandao’s decision to resign comes with his statement that the bank’s board needs to see a sort of refresh to ensure its continuity for years to come.
Learn more about Luiz Carlos Trabuco: http://economia.estadao.com.br/noticias/negocios,estamos-com-o-dedo-no-gatilho-para-emprestar-dinheiro-diz-presidente-do-bradesco,70002160257