Luiz Carlos Trabuco made a revelation of Bradesco’s plans following the resignation of Lazaro Brandao. Luiz Carlos Trabuco stands as the bank’s incoming chairman of the board of directors. He adds that the bank’s decision to have him fill in Lazaro’s gap was a plan that was in progress for some time and was executed when the time was convenient. Previously, Brandao had proposed to the Board to have Luiz Carlos Trabuco fit into the vice president’s shoe after a proper career followup. In the same light, Luiz Carlos Trabuco affirms that the firm will have its next president right from their very own personnel. This was a culture cultivated by his predecessor, and he was determined to keep it. The bank has a tradition of having its own house executives run the group as opposed to finding new blood.
At the age of 91, Lazaro de Mello Brandao had hit the record of being among the world’s oldest serving chairmen. He was glad to step down after having served Banco Bradesco SA for over 25 years. This steered a tight succession race in the company that was a high rank in Brazil’s market value. Eventually, Luiz Carlos Trabuco was considered perfect fit for the position and expected to hold the position of both chairman and CEO until a new CEO was elected. Luiz Carlos Trabuco started his service at Bradesco at the age of 16 and will be the proud holder of the chairman title, being the second person in Bradesco’s history to hold the title. Similarly, his position as CEO has only been held by three other members.
Luiz Carlos Trabuco steps in with a major task lying ahead of him: the appointment of a new CEO. He says that the board will keep in mind the importance of respecting Bradesco’s talent pool, therefore, focusing on their very own. Luiz Carlos Trabuco believes that the government is crumbling and labor reforms are a necessity to bring back Brazil to its feet. He later adds that though it will take time, they are willing to put in necessary efforts to maintain the country’s social harmony thereby establishing tranquility and certainty. Luiz Carlos Trabuco recommends a keen observance of foreign-directed investments which plays a major role in the Brazilian economy and political process. Brandao later reveals that the bank seeks to expand its board of directors, an issue to be addressed later .
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About Luiz Carlos Trabuco
Luiz Carlos Trabuco has held the CEO position of Banco Bradesco S.A as from March 10, 2009, while equally serving as the Executive Vice President. Mr. Luiz Carlos Trabuco also serves as the CEO as well as Bradesco Previdencia e Seguros’ Chief Executive Officer. He has held several positions in Banco Bradesco S.A which include serving as a Managing Director, Vice President, and Departmental Director between 1984 and 1992. Luiz Carlos Trabuco was part of ArcelorMittal Basil’s management board. He kick-started his career at Bradesco back in 1969. He started off as Bradesco Vida e Previdencia’s president until 1998 before moving to a similar rank in Grupo Bradesco Seguros, in 2003.
Luiz Carlos Trabuco has been of service at Odontoprev S.A as the chairman and director since December 23, 2009. He is the director of Bradespar S.A and still serves as Banco Bradesco S.A’s internal director. Throughout his career, Luiz Carlos Trabuco has served in several ranks of top posts. He was a one-year non-executive director of Banco Espirito Santo SA and the National Association for Private Pension Plan’s president from 1994 to 2000. Luiz Carlos Trabuco holds degrees in Philosophy, Arts, Sciences, and Languages from the University of Sao Paulo. He also earned a postgraduate degree in Sociology and Politics from the same university.
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