Who Will Step into the Big Shoes of Luiz Carlos Trabuco Cappi when he Retires form Bradesco?
Bradesco is planning to select the next chief executive candidate from the internal candidates of the company. Luiz Carlos is holding the position of chairman and CEO temporarily following the resignation of Lazaro Brandao who is the former chairman. The bank announced that Luiz Carlos would continue serving for the next two years, a decision which was made by the Board of Directors. The regulations require that the president retires at the age of sixty five but Luiz Carlos received a waiver until next year. This means that he will continue to serve as the CEO until March 2018.
A big question for the bank now is who will take up the position of Luiz Carlos when he retires. Some of the names which have come up include the vice president of technology for Bradesco, Maurico Minas who led the technological revolution within the firm. Mauricio Minas worked on the integration of HSBC and developing Next, the digital bank of the firm. There are other six vice presidents who also have a chance of being elected to serve in the capacity. The six are; Andre Rodrigues Cano who is in charge of the Human Resource, Marcelo de Araujo Noronha, the director of investor relations, Domingos Figueiredo de Abreu vice president of treasury and credit, Octavio of Lazari Junior who is the president of Bradesco Seguros, Alexandra da Silva Gluher, the director of investor relations, and Domingos Figueiredo de Abreu who is the vice president of treasury and credit.
Bradesco is one of the largest financial service companies in Brazil. The bank is the pioneer of the ATM biometric reading system in Brazil. The system enables customers to be identified through the vascular pattern of their hand working as a complimentary password. The bank offers annuities, insurance pension, internet banking, and savings services. The bank was founded by Amador Aguiar in 1943 in Marilia and later on it moved its headquarter to Sao Paulo. It was the first to launch a credit card in Brazil and the first to own a computer.
Luiz Carlos Trabuco Cappi is the CEO of Bradesco which is the second largest bank in Brazil. He took over from 91 year old Lazaro de Mello Brandao who had served in the position for twenty five years. During his leadership, Brandao created a culture of management which favoured the executives and to promote existing employees instead of sourcing manpower form outside. The bank was to pick from the best seven executives who are knowledgeable and Luiz Carlos emerged victorious.
Luiz Carlos was born on 6th October in Marilia. He began his career journey in Banco Bradesco in 1969 when he was only eighteen years old and moved to the headquater of the company in Sao Paulo. In 1984, he was elected as the Director of the company before being appointed as the vice president in 1999. Luiz Carlos served as the chairman of Bradesco from 2003 to 2009 when he was elected as the chief executive officer of the firm. Luiz Carlos has worked for Bradesco for forty years. He also served as a Board member for the period between 19999 and 2005. Luiz Carlos was promoted to the position of president because of his productivity.
Under his leadership, Bradesco grew and became a leader in the Brazilian market. With 25% market share, the company became the largest in Latin America. Its net income grew to 35% because of his influential leadership at Bradesco, Luiz Carlos was recognised and he has received several awards which include the top one hundred most influential Brazilians in 2009, he was named the insurance person of the year in 2006 and 2007, and named entrepreneur of the year in the finance category in 2015. Visit:http://www.infomoney.com.br/assuntos/luiz-carlos-trabuco-cappi