Luiz Carlos Trabuco Cappi is the outgoing President and the current Chairman of Bradesco. He attended an interview, held on Wednesday, to discourse the management changes at Bradesco. Luiz said that the bank is looking for another CEO who will replace him as the President of the organization. The process will respect Bradesco`s culture of promoting its staff to executive positions.
Bradesco announced the resignation of Lazaro Brandao as the Chairman of the bank. Having served the lending firm for more than seven decades, Brandao felt that the organization required a change in its management. This would ensure continuity and prosperity. Brandao started working at Bradesco, as a clerk, when he was 16 years old. He became the Chairman of the bank in 1999, a position he has served until his resignation.
During his reign, as Chairman and President of Bradesco, Brandao promoted a culture that ensured the growth of internal employees. He supported the culture of selecting the bank`s executives from the existing staff. He also nominated two Presidents to change the organization`s operations and increase its profit.
What Next for Bradesco
Bradesco has a culture that discourages one person from holding two executive positions at the same time. Following the immediate resignation of Brandao, the bank does not have sufficient time to elect a new president. Trabuco will, therefore, continue serving as the President of Bradesco. He will also be the Chairman of the Board of Executive. However, Trabuco has until March to propose a new President to the Board. The bank`s Executive Board of Directors has scheduled a meeting in March to discuss the agenda. The president`s name must be forwarded to the Central Bank, 30 days, before the meeting.
Trabuco`s promotion was ideal for the bank. Being 66 years, Trabuco is one of the longest-serving executives at the organization. However, his age can only permit him to hold the CEO`s position until next year. The bank had changed its bylaws to increase the maximum age of its CEOs from 65 years to 67 years. The extension was made to allow Trabuco enough time to oversee the integration of HSBC with the bank’s operations.
Trabuco was the Vice President of the Executive Board. Following his promotion, his position at the Board remains vacant. In the interview, Trabuco said that Carlos Alberto Rodrigues Guilherme is expected to replace him as Vice President. Guilherme started working at the organization when he was 13 years old.
The bank is not going to make surprises when it is electing a new president. Trabuco confirmed that Bradesco will promote the CEO from its executive body. The nominated person will reflect the best professional profile. Many Brazilian banks have adopted the system because it indicates proper corporate management.
Candidates for Bradesco`s Presidency
Octavio de Lazari
About Luiz Carlos Trabuco Cappi
Luiz Carlos Trabuco Cappi was born in October 1951. He grew up with his family in Marilla where he started to develop an interest in bank operations and business management. He attended UNESCO, formerly known as Sciences and Letters of Sao` Paulo. He studied a course from the Faculty of Philosophy. Trabuco later enrolled at Funacao School of Sociology and Politics to pursue a Master`s Degree in Socio-Psychology.
Luiz Carlos Trabuco Cappi started working at Bradesco, as a clerk, at the age of 17. He became a marketing director in 1983. After 8-years of dedication, Trabuco was nominated to the President of Bradesco`s privately-owned company. In 2003, Bradesco`s Executive Board of Directors elected him to be the Vice President. He was promoted to be the President of the lending institution in 2009.