Once you have offered service to an organization for 75 years, nobody will ask for more. That is exactly what Bradesco Bank had to do when Lazaro de Mello Brandao announced his retirement. Having spent most of his life with the bank, Brandao has literary overseen the banks growth.
Alongside the announcement that the longest-serving bank worker in the world will hang his boots, the bank also announced that Luiz Carlos Trabuco Cappi would take over from Brandao as Chairman of the Board of Directors. The industry already foresaw the replacement of the chairman, the elevation of Luiz Carlos Trabuco Cappi earlier to the position of Vice Chairperson of the Board was seen as preparing him for the role.
The taking over of the top job by Luiz Carlos Trabuco Cappi is not the subject of speculation at the moment. Having served for 46 years at the bank, many understand it is Luiz Carlos Trabuco Cappi who is best positioned to take over as chairman. The decision as to who takes over from Luiz Carlos Trabuco Cappi as Chief Executive Officer of Banco Bradesco is what is feeding speculation at the moment.
As the incumbent Chief Executive, Luiz Carlos Trabuco Cappi reminded the public that Bradesco Bank has an established tradition where senior management officials are appointed from performing officers of the bank. The bank has encouraged this culture over the past decades. The institutional memory that comes with this culture ensures smooth transitions. Some analysts have credited it for the fast growth rates the bank experienced for decades. Nevertheless, the financial media still has had its field day in speculation.
Analysts have identified up to about seven executives, one of whom will take over from Mr. Luiz Carlos Trabuco Cappi. Considering the bank has already indicated that it will choose a successor from its internal human resources, there is no logical conclusion why one of the seven executives will not take over. The bank will announce the successor at the next Annual General Meeting to be held in March 2018 according to folha.uol.com.br. Before that, however, the bank will have to present the name to the Brazilian Central Bank thirty days prior to the meeting.
Some of the big names touted to take over the main job at Brazil’s second-biggest bank by market capitalization include Octavio de Lazari, André Rodrigues Cano, Marcelo de Araujo Noronha, Domingos Figueiredo Abreu, Josué Augusto Pancini, Alexandre da Silva Gluher, and Mauricio Machado de Minas. All the executives have a decent record of performance behind them. The problem the bank has is not lack of talent but selecting one from among equal talent.
Luiz Carlos Trabuco Cappi will for the better part of this year and early next year deliver on the two position. His experience since 1969 at the bank makes him the most qualified person to smoothen the transition at the bank. His knowledge of all segments of the bank will also come in handy as he takes over the chairmanship.
Mr. Luiz Carlos Trabuco Cappi was appointed Chief executive Officer in 2009, arguably the most challenging time for anybody to take over such a responsibility. The financial crisis of 2008 did not spare the Brazilian banking industry. The hard times needed a shrewd leader at the helm. He ensured Banco Bradesco survived the rough time of the crisis. By the year 2015, Banco Bradesco was ready to take over HSBC Brazil. For many analysts, this was a sign of the bank’s confidence in its current and prospects. It also showed that the bank had survived the crisis and emerged stronger.
Find more about Luiz Carlos Trabuco: https://g1.globo.com/economia/negocios/noticia/sucessao-no-conselho-do-bradesco-foi-um-ato-planejado-diz-trabuco.ghtml