Stakeholders Relying On Information Provided By Insiders Regarding Luiz Carlos Trabuco’s Succession Contest

Before Banco Bradesco SA makes public the name of its new CEO, stakeholders are relying on insiders for information regarding the succession process. Insiders, who sought anonymity, confided to Bloomberg that seven professionals, all currently part of Bradesco, are the front-runners in the succession contest. They include Mauricio Machado de Minas, Alexandre da Silva Gluher, Domingos Figueiredo Abreu, Josué Augusto Pancini, Marcelo de Araujo Noronha, Octavio de Lazari, and André Rodrigues Cano.

Current Leadership at Bradesco

Luiz Carlos Trabuco is the serving chairman of the board of directors and the president of Bradesco. Trabuco was appointed president in 2009 to succeed the then president Marcio Cypriano. Trabuco served as president with Lazaro de Mello Brandao as the chairman of Bradesco until October 11, 2017, when Brandao stepped down. Bradesco appointed Trabuco to the position previously held by Brandao. While it is normal in Bradesco for an executive to serve both as chairman and president, Trabuco’s tenure as president will end in March.

The professionals fronted by the appointing authority are in charge of various departments, subsidiaries, or other crucial roles at the bank according to folha.uol.com.br .

• Minas, 58, is in charge of the bank’s IT department. He joined Bradesco in 2009, and he is credited with Bradesco’s market leadership in matters technology.
• Gluher, 57, is the bank’s chief risk officer. He is one of Bradesco’s longest-serving employees having joined the Osasco-based Bradesco in 1976.
• Pancini is Bradesco’s go-to professional on matters branch network and high-income clients. Pancini, 57, joined Bradesco in 1975.
• Noronha, 52, became part of Bradesco in 2003. He is in charge of Bradesco BBI and the bank’s card operation.
• Lazari, 54, is the president of Bradesco Seguros. Bradesco appointed him to be in charge of its insurance subsidiary in May 2016. He has been part of Bradesco since 1978.
• Cano, 59, is in charge of Bradesco’s human resources department. He joined Bradesco in 1977 and was promoted to his current position in the last quarter of 2016.

Read more: PDV exceeded expectations, says Bradesco president

Lazaro de Mello Brandao

The immediate former chairman was perhaps the longest serving employee of Bradesco. He joined the bank in 1943 and has been loyal to his employer for over 74 years. Brandao’s employer, Bradesco, has returned the favor. Brandao holds Bradesco’s No.1 employee badge according to folha.uol.com.br. In addition, the bank rewarded Brandao with numerous promotion opportunities enabling him to rise from the initial position, clerk, the bank offered him in 1943. At one point in his career (1991 to 1999), Brandao was both the chairman and CEO of Bradesco. Brandao was the president of Bradesco for 18 years and chairman for 25 years. Brandao, 91, resigned in the interest of Bradesco’s continuity.

Luiz Carlos Trabuco

Just like Brandao, Bradesco has rewarded Trabuco with excellent promotion opportunities. Trabuco started out his career at Bradesco as a clerk in 1969. At the time, Amado Aguiar, the founder of Bradesco, was the chairman and president of Bradesco. Trabuco never envisioned that a time would come for him to be at the helm of Bradesco. Nevertheless, the young clerk gave his best.

After some years at the bank, Bradesco promoted Trabuco to the position of marketing director. He was in charge of the bank’s marketing department for eight years. While the director of marketing, Trabuco modernized the bank’s communication systems and created a cordial relationship with the members of the media fraternity.

Trabuco held other significant posts at Bradesco before being appointed the president of Bradesco Seguros in 2003. He held the position for over five years, asserting himself as a revolutionary leader. His tenure saw Seguros double in size and increase its revenue contribution to its parent company.

Search more about Luiz Carlos Trabuco: https://g1.globo.com/economia/negocios/noticia/sucessao-no-conselho-do-bradesco-foi-um-ato-planejado-diz-trabuco.ghtml