Luiz Carlos Trabuco Cappi Career and CEO Succession Race at Banco Bradesco

Luiz Carlos Trabuco Cappi serves at Banco Bradesco as the chief executive officer. In a recent statement released by the company, Trabuco confirmed that the company would competitively choose a new CEO to replace him. All potential candidates for this top managerial place will come from within the firm.

Trabuco now serves as the chairperson and chief executive officer at Banco Bradesco. He took over as the chairperson after Lazaro Brandao stepped down. Banco Bradesco is a pioneering private lender company offering exclusive services in Brazil. The bank will hold a meeting with the shareholders in March to decide on the person who will take over as the new CEO.

Lazaro Brandao is a long-serving chairperson widely recognized for his more profound role and contributions to the modern banking systems. He has served as the chairperson at Banco Bradesco for the last 265 years. His step down has sparkled intense succession race. Trabuco will stand in his place until the new CEO is finally chosen to replace him.

Trabuco began working at Banco Bradesco as a clerk aged 16 in 1943. As a result of his commitment and impressive levels of determination, Trabuco later became the chairperson of the firm, a place he consistently served between 1981 and 1999. Trabuco later became the chief executive officer and was recently featured as the leading banker by Bloomberg.

Brandao is respectable for his creative leadership skills and talents in governance. While serving as a chairperson, Brandao encouraged and promoted the managerial culture which equipped other employees with relevant skills. His influence has resulted in a high number of employee joining the CEO succession race from within the company. More than potential candidates have applied for the race, exclusively held among Banco Bradesco pool of talents.

In the past year, Banco Bradesco changed its bylaws to increase the retirement age of CEOs from 65 to 67 years. The change gave Trabuco a chance to name his prospective successor by the start of this year. Trabuco is also a long-serving employee in Banco Bradesco with over 75 years of active participation.

The possible candidates for the CEO place at Banco Bradesco include Mauricio Machado de Minas, Alexandre da Silva Gluher, Domingos Figueiredo Abreu, Domingos Figueiredo Abreu, Josue Augusto Pancini, Marcelo de Araujo Noronha, Octavio de Lazari, Lazari, and André Rodrigues Cano.

The choice and appointment process of the new CEO at Banco Bradesco was mainly stalled by the death of Marco Antonio who succumbed to a deadly plane crash. Marco was the top candidate for the post, and his sudden death delayed the process for at least 2 years. Various vice presidents have expressed their interest in this post and will undergo a thorough selection process.

Luiz Carlos Trabuco Cappi started his career in 1969 and later became the chairperson, a place he served until 1998. In 2009, Trabuco became the chief executive officer at Banco Bradesco. He also became the chairperson of the company in 2017. Further, Trabuco is the chief executive officer at Bradesco Previdencia e Seguros SA.

Trabuco schooled in University the School of Sociology and Politics in Sao Paulo University where he received a postgraduate degree. He later attended Sao Paulo University where he majored in Sciences, Philosophy, Arts, and Languages. Trabuco has spent much of his career offering insurance services to various clients for the past 40 years. He has impressive skills in the banking sector, particularly in Brazil.

Banco Bradesco is the largest banking firm in Brazil with its headquarters in Osasco City. The firm has an excess of 5,314 branches, 4,834 service centers. The firm has successfully partnered with supermarkets, departmental stores in offering internet banking, pension plans, credit card, insurance services, and annuities among others. Learn more: