The ascension of Luzi Carlos Trabucco to the chairmanship of the board at the Banco Bradesco’s SA throws a dice that would fall on any of the eight executives leading the bank.
Traditionally, the bank has chosen its CEO, Vice Presidents and Directors from its team of managers. Whereas it is almost obvious that the Trabucco will be chosen as chairman in the general meeting scheduled for the early quarter of 2018, the choice for the position of CEO remains a guess.
Several men are however on the list to take the second highest seat in the organization’s leadership. Among them are Vice Presidents Mauricio Minas, Alexandre Gluher, Josué Pancini and Octavio Lazari.
Chairman and CEO Luiz Trubacco said that the vice-presidency of the council would be taken over by Carlos Alberto Rodrigues Guilherme, an experienced executive who has worked with the bank for 13years.Trubucco confirmed that the various individuals being considered for the restructuring are highly competent.
“The organization is complex, we are a large segmented organization. All this will reflect in the best profile or the professional choice; there are no surprises from the point of view of anticipation in this process.” Said, the CEO, putting to rest speculations of how the various realignments would affect the organization.
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In response to the company’s tradition of choosing its top executives from within, Trabucco said that such a culture has become relevant in passing essential traits of leadership to the next generation. “Succession has to keep a memory. The facts of the past are reflected in the present and future of the organization.”
6. Trabuco has held the CEO position for 27 years and confirmed that the subject of succession has been in the offing for some time. Among the changes that were affected was the extension of the term of CEO to 67 years. The company’s by-laws, however, do not allow an individual to hold two positions simultaneously. Trabuco will, therefore, relinquish his seat as CEO in sixth months when a replacement is chosen.
According to Trabucco, one of the challenges that the next president of the company will have to deal with is to ensure that customers adapt to the digital era in banking. He observed that out of the 27 million customers of the bank, only about half of them make digital transactions.
The changes within the Brazilian bank come at a time when the economy is highly dependent on the political moves of the next one year. Trabucco said that they are looking forward to better opportunities and is optimistic that family consumption will accelerate their business.
“The Brazilian economy is detached from the political process; it is only to observe the volume of foreign direct investments, which have beaten the record.”
In his part, the outgoing chairman pointed to the untapped potential of Brazil and said that there is the need for it to be harnessed.
” Brazil has potential, it has credibility but it has this distrust of the production process of the activities in which there is a mismatch between politics.”
Banco Brasdesco has weathered many storms over the years including severe inflation effects. As a leading institution in the financial sector, its succession processes elicit interest among industry players who will be keen to see how the new alignments affect the company and its subsidiaries. Nonetheless, there are a number of suitable candidates in the system.
The choice of a new CEO for the bank was put on hold two years ago following the death of Marco Antoni Rossi, an insurance executive who had been tipped for as a possible candidate.
Learn more about Luiz Carlos Trabuco Cappi:http://www1.folha.uol.com.br/mercado/2017/10/1926043-lazaro-brandao-sera-substituido-por-trabuco-no-conselho-do-bradesco.shtml