There Are Some Very Strong Contenders At Bradesco To Succeed Luiz Carlos Trabuco As The Bank’s President

Growing an organization is a collaborative effort. No single individual, or leader for that matter, can take all the credit for a company’s success. This is especially true when you consider the fact that, unlike human beings organizations can exist indefinitely.

As such, the success of large organizations that have been in existence for decades is typically down to a group of leaders. For instance, the 74- year old Banco Bradescoo has thus far had four presidents and four board chairmen. In fact, the Brazilian bank only last month announced the appointment of a new chairman, Luiz Carlos Trabuco. In the coming months, it is also expected to name its fifth president.

The leadership changes at Banco Bradesco seen in the last few weeks were initiated by the departure of Lazaro Brandao from the bank. Until a few weeks ago, Lazaro Brandao was the board chairman at the large lender. He had held the position since 1990, but the 91-year old decided to call it quits so that he could spend more time with his family. It was immediately decided that Mr. Brandao’s mentee and also the current president of the bank, Luiz Carlos Trabuco was the most qualified individual to take over from him. However, with Bradesco being as huge as it, it is not practical to have one individual hold the positions of president and chairman for extended periods of time. As such, the bank also has to appoint a replacement for Luiz Carlos Trabuco. Unfortunately, however, this appointment on cannot be made as quickly as that of chairman was done as the bank’s regulations hold that the next president is announced in March 2018.

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Consequently, until the decision is made in the coming weeks, there will be a lot of talk on who will likely succeed Luiz Carlos Trabuco. All of the previous presidential appointments made at Bradesco thus far had all been working at the bank for long periods. Equally, it is expected that the next president will be an experienced individual already working at the bank. The current top executives at the bank who best fit this description are four vice presidents:

1. Alexander da Silva Gluher – Gluher joined Bradesco in 1976. He is currently employed as the chief risk officer at the bank. He is 57 years old.
2. Mauricio Machados Minas – Minas only joined the bank recently in 2009. He oversees all the functions related to IT at the bank. He is 58 years old.
3. Octavio Lazari. Lazari joined Bradesco in 1978. He is employed as the president of the largest subsidiary under Bradesco’s stable, Bradesco Seguros. He is 54 years old.
4. Josue Pancini – Pancini has been an employee at Bradesco since 1975. He currently oversees the bank’s massive branch network of more than 5,500 offices. He is 57 years old.

Due to the hysteria surrounding the process of selecting a new president, the promotion of Luiz Carlos Trabuco has largely gone under the radar. However, it is in itself an occurrence of significance according to Mr. Trabuco has worked at the bank all his professional life and in many ways seemed destined to make it to the top of its leadership ladder.

Ironically just a year ago, Luiz Carlos Trabuco was almost set to leave the bank as he was approaching the mandatory retirement age for presidents at the organization. Owing to his importance at the bank, however, the board decided to extend his tenure by two more years. Now, as luck would have it, only a few months from retiring as president, he has been appointed chairman – a position that carries no mandatory retirement age.

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