Starting March next year, Bradesco will have a new CEO in office. Presently, the succession contest is taking shape with some Bradesco’s staff seen as the frontrunners in the race to succeed the outgoing CEO, Luiz Carlos Trabuco. The staff include Mauricio Machado de Minas, Alexandre da Silva Gluher, Domingos Figueiredo Abreu, Josué Augusto Pancini, Marcelo de Araujo Noronha, Octavio de Lazari, and André Rodrigues Cano. The seven are in charge of Bradesco’s IT department, risk analysis, treasury & lending departments, branch network, Bradesco BBI, Bradesco Seguros, and human resources office respectively.
Furthermore, the seven have done one or more official duties that impressed their superiors. For instance, Gluher (57) alongside Trabuco was the face of the $5.2 billion transaction that saw Bradesco acquire the Brazilian unit of HSBC Plc. in 2015. Notably, the seven are middle age professionals with the youngest, Noronha, in his early 50’s and the oldest, Cano, in his late 50’s. The seven have worked at the bank for an average of 31 years. Pancini is the longest-serving having worked at the bank for 42 years while de Minas has worked at the bank for just eight years.
About Lazaro de Mello Brandao and Luiz Carlos Trabuco
So far, Bradesco has had only four CEOs. Trabuco and Brandao are among them. Brandao was the second CEO of the Osasco-based bank serving up to 1999 from 1981—18 years. Trabuco is the fourth CEO of the bank; he assumed office in 2009 and he will be serving until March 2018. By the time of his resignation, Bradesco will have appointed a new chief executive officer.
Although Trabuco will resign officially in March next year, he will continue being the chairman of the bank; a tittle the bank bestowed on him recently following the resignation of Brandao on October 11, 2017—just last month. In fact, Trabuco is currently the chairman and the president of Bradesco.
Just like Trabuco, Brandao doubled up as the CEO and the chairman of the bank between 1990 and 1999. He resigned as the president of Bradesco in 1999, but he held on to the chairmanship of the bank until last month. He was the chairman of Bradesco for close to 27 years. Brandao is 91-years-old. Since he joined the bank as a clerk in 1943, he has stayed put rising from the entry-level position through the mid-level ranks and finally to the management of the company.
Brandao affirms that the resignation was his personal decision. He stressed that he valued the smooth continuity of the bank hence his departure to allow the younger, 66, Trabuco to be the chairman of the board. Brandao’s corporate experience will not go to waste as the professional is still in charge of Bradespar SA and Fundação Bradesco.
Trabuco, just like Brandao, joined the bank as a clerk in 1969 rising through the various corporate ranks to the top of the organization. He has dedicated his career and perhaps his life to Bradesco. Trabuco could not leave Bradesco even when Brazil required his services: President Dilma Rousseff requested him to take over the Ministry of Finance, but he declined.
The recognition that Trabuco has received so far speak to his performance as a corporate leader. One of the “Best CEOs in Brazil,” “Entrepreneur of the Year,” and one of the “100 Influential Brazilians in the Country” are some of the titles that Trabuco has received from various entities including Forbes Magazine. He is also the holder 2009 Don Quixote Trophy.
Trabuco and Aguiar hail from the same municipality, Marília. He attended the University of São Paulo and Fundação School of Sociology and Politics.
Learn more about Luiz Carlos Trabuco: https://economia.estadao.com.br/noticias/geral,prisao-dos-irmaos-batista-nao-impactam-risco-da-jbs,70001996105