Lazaro de Mello Brandao at age 91 was one of the oldest serving bank chairmen until October 2017 when he stepped down from the position at Banco Bradesco SA and was temporarily replaced by Luiz Carlos Trabuco who has been holding the CEO position since March 2009. The move has triggered a succession race like no other at Brazil’s second largest bank. Luiz Carlos Trabuco will hold the two positions until March 2018 when the lender will elect a new CEO. Brandao worked in the bank for an impressive 75 years.
The big question now is; Who will take over from Luiz Carlos Trabuco who is set to retire soon? At the moment there are 6 names that are in the running and competition is tight. Luiz Carlos Trabuco stated that the choice of a new CEO will respect Bradesco’s talent pool. The bylaws changed to increase the maximum CEO age from 65 to 67 GIVING Luiz Carlos Trabuco a little more time to name his successor.
The list of possible candidates to fill in Luiz Carlos Trabuco’s shoes is as follows:
Alexandre da Silva Gluher. He’s 57 years old and has been at the bank since 1976. He is the current chief risk officer at the bank and he along with Domingos Figueiredo played a key role in $5.2 billion purchase of HSBC Holdings Plc’s Brazilian retail unit. This was one of Bradesco’s biggest acquisitions.
Mauricio Machado de Minas. He is 58 years old and has been in the company since 2009. He is the man in charge of the bank’s IT department. He is the person who was behind the bank’s digital-only spinoff.
Octavio de Lazari. He is 54 years old and is the banks latest addition to the management team leading the insurance unit. He has served at the bank since 1978.
Domingos Figueredo: He is 58 years old and has been in the company since 1981. He is in charge of the bank’s lending and treasury departments.
Andre Rodrigues Cano. He is 59 years old and has been at the bank since 1977. He is responsible for the bank’s human resources department.
Marcelo de Araujo Noronha. He is 52 years old and has been in the bank since 2003. He is responsible for the bank’s corporate and investment banking.
Josue Augusto Pancini. He is 57 years old and has been in the company since 1975. He’s responsible for the bank’s branch network as well as its high income segment.
The ball is in the court for Luiz Carlos Trabuco. He will have some sort of influence on choice of his replacement. He has the true Bradesco spirit having started as a bank teller at the age of 22. He was born in Marilia and graduated from the Faculty of Philosophy, Sciences and Letters in Sao Paulo. He has a Post graduate degree in Socio-Psychology that he obtained from Fundação School of Sociology and Politics of São Paulo. He began work at the bank in 1969. He has had quite a history in the bank. In 1984, he got the appointment of department director. He then became the managing director executive in 1998. He was elevated to the position of executive vice president a year later. He then took over as manager of Bradesco Seguros.
He remained in this position until his appointment to the bank’s presidency. As part of the Luiz Carlos Trabuco’s management, the bank reached an even higher level. The company doubled in size in six years under his management. Luiz Carlos Trabuco’s management of the bank has been notable for its organic growth.
Read more on Trabucoto Take Over the Presidencyof Bradesco’sBoard:https://www.brasil247.com/pt/247/economia/321809/Trabuco-assumir%C3%A1-presid%C3%AAncia-do-conselho-do-Bradesco.htm