25 years is a long time to serve as chairman, and, at 91 years old, Lazaro de Mello Brandao’s family thought it was about time when he finally decided to step down from his position as Chairman of the Board for Banco Bradesco SA. While he’ll continue to work with Bradesco, even going as far as to keep his old desk, he believes it’s time to pass on the reigns to someone else. Brandao had worked with the bank for well over 40 years, first starting out as a clerk. His movement up through the company’s ranks shows the value of hard work and dedication, and when he finally does retire completely, it will have been well deserved. When Brandao stepped down, he chose the current CEO of the company, Luiz Carlos Trabuco, as his successor. He was made the chairman of the board as soon as Brandao gave up the position, and, in addition, he continues to serve as the company’s chief executive officer until a new one is decided upon in May of this year.
A Look at the History of Luiz Carlos Trabuco
Luiz Carlos Trabuco began his career with Banco Bradesco SA many years ago and has worked toward the success of the bank constantly. However, if you look back at his past, you wouldn’t have been able to guess that he would become a bank executive, with his education being oriented towards philosophy and psychology. However, almost all of Luiz Carlos Trabuco’s career has been spent at Bradesco, with him taking on the roles of Executive Vice President as well as Investor Relations Officer prior to his appointment as Chief Executive Officer almost ten years ago. His executive service also extends to subsidiaries of Bradesco, with six cumulative years served as CEO of Grupo Bradesco Seguros. While Brandao has left behind large boots to fill, there are very few who would be more qualified to fill those boots than Luiz Carlos Trabuco.
Banco Bradesco Begins the Search for a CEO Within its Own Ranks
During Lazaro de Mello Brandao’s long and storied career as an executive for Banco Bradesco SA, his aim has been to create an atmosphere that encourages the promotion of executives from within the company’s own pool of employees, rather than resorting to outside sources for the selection of executives according to economia.estadao.com.br. This has led to employees placing the success of the business as a priority as they climb the ladder to the top. In fact, the vast majority of Bradesco’s executives started out as simple employees, working their way up over the course of a long career. This has led the company to significant success, as its employees work tirelessly to increase productivity and move the bank forward. However, it also means that competition for high-ranking positions can be fierce, and this time is no different, with many of the company’s top executives hoping to take a shot at the coveted title of chief executive officer.
However, there are seven candidates who stand out in this race, and who are most likely to bring the company forward in its mission to better itself. These candidates are the cream of the crop, and when it comes to executives, they’re the best that Bradesco has on offer, which isn’t something to take lightly. The seven executives are Octavio de Lazari, André Rodrigues Cano, Josué Augusto Pancini, Mauricio Machado de Minas, Domingos Figueiredo Abreu, Alexandre da Silva Gluher, and Marcelo de Araujo Noronha. All of them have driven the company forward by immense amounts and have established reputations for excellence in both leadership and their own work.
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