The office of the presidentCEO of Banco Bradesco SA will fall vacant in March when the incumbent, Luiz Carlos Trabuco Cappi, steps down. Cognizant of this fact, the Osasco-based Bradesco is in the process of picking Luiz Carlos Trabuco Cappi’s successor. Reliable information suggests that the bank has narrowed down the succession contest to seven high-ranking executives.
- Mauricio Machado de Minas
- Domingos Figueiredo Abreu
- Alexandre da Silva Gluher
- Josué Augusto Pancini
- Marcelo de Araujo Noronha
- Octavio de Lazari
- André Rodrigues Cano
The seven are high-ranking Bradesco’s staff meaning that they are in charge of departments or subsidiaries. Mauricio Machado de Minas oversees the smooth running of the bank’s IT department. Domingos Figueiredo Abreu is at the helm of Bradesco’s treasury and lending departments. Alexandre da Silva Gluher is the bank’s chief risk officer. Pancini is responsible for Bradesco’s branch network including the bank’s high-income segment. Marcelo de Araujo Noronha is the president of Bradesco BBI; a subsidiary tasked with the bank’s corporate and investment banking as well as its card operation. Just like Noronha, Octavio de Lazari is the president of Bradesco Seguros, a subsidiary in charge of Bradesco’s insurance business. André Rodrigues Cano is the team leader of Bradesco’s human resources department.
Looking at their ages and the duration the seven have been at Bradesco, one can quickly conclude that most of them started their professional careers at Bradesco. For instance, the 57-year-old Pancini has been an employee of the bank for 43 years. Lazari, Gluher, and Cano are 40, 42, and 41 years respectively and each of them has been part of the bank for over 40 years. Its only Minas and Noronha that joined Bradesco recently as compared with rest. Bradesco hired Minas in 2009 and Noronha in 2003.
Elevating one of its high-ranking executives to succeed the outgoing Luiz Carlos Trabuco Cappi will require the bank to fill the vacancy that will arise. Put differently, Luiz Carlos Trabuco Cappi’s resignation is likely to ignite a far-reaching succession chain. This will be made possible by Bradesco’s culture that favors elevation of junior staff to higher ranks whenever vacancies arise.
What’s next for Luiz Carlos Trabuco Cappi
Contrary to expectations, Luiz Carlos Trabuco Cappi is not leaving Bradesco anytime soon as he was appointed unopposed to replace the immediate former chairman, Lazaro de Mello Brandao. The executive is in Bradesco to stay. He confirmed this when he declined to take former president Dilma Rousseff’s offer to be in charge of Brazil’s ministry of finance.
Luiz Carlos Trabuco Cappi has been an employee of Bradesco for almost five decades. In fact, he started his banking career at the bank. He is an embodiment of loyal staff, sticking with the bank through thick and thin. Luiz Carlos Trabuco Cappi has had a hand in important business strategies undertaken by Bradesco. For instance, he credited with convincing the board of directors that acquiring the Brazilian branch of HSBC was a worthy inorganic growth strategy. To date, the acquisition ranks among the best business decisions undertaken by the bank.
Lazaro de Mello Brandao
Holding a job for one year is an achievement for some people, but Lazaro de Mello Brandao thinks otherwise. According to him, an achievement is keeping the same job for more than seven decades and maintaining the zeal to serve. Brandao, 91, resigned having dedicated more than 80 percent of his life to the Osasco based bank.
Starting in 1981 to October 11, 2017, Brandao held senior management positions at the Osasco-based Bradesco. At the helm of Bradesco, many people found it hard to believe that he started his career at the bank as a clerk.