For over 25 years, Lazaro de Mello Brandao has served as Bradesco Bank’s chairmen. The 91-year-old is one of the oldest reigning bank chairmens in the world. As they say, all things must come to an end. Brandao will be stepping down from his position at Bradesco Bank. He is set to be replaced by the bank’s current chief executive officer, Luiz Carlos Trabuco. From now until March, Trabuco will hold both the chairmen and CEO positions. When the time arises, a new CEO will be elected and Trabuco can solely focus on his duties as chairmen.
There has been plenty of speculation in regards to who will take on the role of CEO with the bank. According to g1.globo.com, Trabuco noted that a new CEO could be decided on sooner than March. Alexandre da Silva Glüher is the director of investor relations and he has an experience edge over many potential candidates. There’s also André Rodrigues Cano, who runs the Human Resources department. Domingos Figueiredo de Abreu is another candidate. He currently serves as the vice president of treasury and credit. Augusto Pancini ensures that the whole service network remains stable. He too has been named as a candidate for the CEO position.
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Mot only does Bradesco Bank need to decide on a new CEO, but the company must also appoint a new president of the bank. Trabuco made it clear that the next president will come from the board. He also said that the decision will be made after a thorough process has been completed. The board contains eight members and some of them are former bank executives. The bank has plans to increase the number of board members sometime down the road. Bradesco Bank has proposed an increase for the age limit of a CEO. The current limit is 65 and the bank hopes to bump that up to 67.
Trabuco has a list of credentials that back up his higher status with Bradesco Bank. He graduated from the School of Sociology and Politics Foundation in São Paulo. There, Trabuco earned a postgraduate degree in socio-psychology. In 1999, Trabuco was the investor relations officer for Banco Bradesco. He also maintained the executive vice president position. Trabuco’s role of chairman isn’t new to him. He held the position under Odontoprev SA. During his time with ArcelorMittal, he served as a member of the Board of Directors. As far as his experience with real estate and credit savings is concerned, Trabuco was on the committee of Brazilian Association.
With 48 years of experience, Trabuco continued to climb up the ladder in the work space. At a time, he was the president for the National Private Pension Association and the National Federation of Supplementary Health. His run as the president of companies don’t stop there. He also served as the president of CNF. Trabuco earned membership at the Superior Council. For a time, he was also the vice president of CNSeg. On top of that, Trabuco maintained membership at the Association of Geneva.
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