Luiz Carlos Trabuco Cappi is set to take the place of Lázaro Brandão this year, as the Chairman of the largest financial institution in Brazil. Lázaro Brandão, aged 91 years, has dedicated a better part of his career as an employee of Bradesco and he has recently made a statement that he will no longer continue being the chairman of this reputable Brazilian bank. The financial mogul will continue owning his share in the group stakes as well as holdings.
The internal recruitment of Luiz Carlos Trabuco Cappi set in motion a chain reaction, as with him as the new Chairman, Bradesco would soon begin looking for a new CEO. While the current set age for the retirement of the CEO of Bradesco is 65 years, the waive ensured that at the age of 64 years, Luiz Carlos Trabuco Cappi would not wholly exhaust this age limit.
In March 2018, the hunt for a new CEO will commence wherein existing leadership from within the company will rise the ranks based on both their past works and merits. Luiz Carlos Trabuco Cappi was considered as the first and only choice by Lázaro Brandão for his old post as the tenured professional has spent the last 48 years remaining dedicated to the growth of Bradesco. Not only has he been an integral part of core teams in the firm but during the years 1999 to 2009, he has also been employed as Bradesco’s Investor Relations Expert. He has also been a part of the Board of Directors and strives on a daily basis to aid in the betterment of the firm.
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The Bradesco Group has seen many changes in the last few years, with the latest development being the race for the new CEO of the firm. In a conference, Luiz Carlos Trabuco Cappi made a statement that the appointment will have to go through its natural course and the selection process hasn’t yet been begun. Many of the eligible professionals that are working for Bradesco are contesting to become the next CEO. One of these candidates is Mauricio Minas, and as quoted by O Estado de S, a local publication, this candidate had in the past ventured into new avenues and helped in implementing new technological advances for the firm.
While the jury is not out as yet, there are an additional six candidates, all of whom are vice presidents of the firm. The people shortlisted for the post include but are not limited to Octavio of Lazari Junior, Alexandre da Silva Glüher, and Bradesco Seguros. Every one of the members has headed their departments for an extended tenure and have also aided in varying amounts for the fiscal and overall development of the firm. The HSBC merger was possible due to the efforts of a few of these banking professionals and other significant developments in the last decade were also possible due to the individual efforts of a few contestants.
Although the new Chairman of Bradesco, Luiz Carlos Trabuco Cappi will have a significant vote in deciding who will be his replacement for the CEO post, the final decision will be made on a combination of crucial factors. These factors will include, the experience each contestant has, the skills set of each candidate and the number of years as well as the amount of knowledge each professional has in working with the corporate governance structure.
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