In the report from Bloomberg, it was confirmed that Lazaro de Mello Brandao, the man who served to be one of the oldest serving bank chairmen today, is officially resigning from his Presidental post at Bradesco. He had served for Banco Bradesco SA for about 25 years now. This news is a trigger to a lot of intrigue on who’s going to follow him to serve the role. Banco Bradesco SA maintains to be the second-largest financial firm regarding net market value in Brazil.
The excitement on who’s going to follow him ended when it was officially declared that Luiz Carlos Trabuco Cappi, who is the current CEO of the bank, will be the person who follows the position. He would still be holding two positions today until it’s finalized on who will follow him as the company’s new CEO. All these transition processes will all be according to the regulatory and standard filing setting for the company.
Luiz Carlos Trabuco Cappi started as a 16-year-old employee in the bank back in 1943. He worked his way up until he eventually became Bradesco’s chairman. Shared with a co-chairman, Cappi held this post from 1981 to 1999. Since then, he had been ranking as one of the bank’s oldest finance leaders, which had been confirmed by the reports done by Bloomberg.
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The Future of The Bank
There’s a lot of speculation on what’s going to happen to the bank under Cappi’s leadership. Questions about how the leadership of the new President will change the policies of the bank and what the future of the bank would look like are some of the common concerns that stakeholders ask themselves about.
To respond to this. Cappi assured the stakeholders that there wouldn’t be necessary changes to the bank’s board to ensure that the transition of the leadership is smooth. The fact that the bank maintains to be a No. 1 bank regarding employee management is another reason why there’s no demand for new changes in the board.
Background of Cappi
To get a good personal background of Mr. Luiz Carlos Trabuco Cappi, it may be necessary to start when he became Banco Bradesco’s CEO last March 10, 2009. He also served as the bank’s Vice President as well as the bank’s CEO in its Bradesco Seguros branch. His leadership also led to a lot of policy changes in how the bank ran its operations when he worked as the bank’s Managing Director. Last March 1999, Cappi also headed the bank’s department that handled Admin Issues last 1984 until 1992.
The leadership of Mr. Cappi was also tested when he served as the Head of the Management Board for ArcelorMittal in Brazil. This is not hard to do since Cappi already has built enough experience behind his name ever since he started his professional career last April 17, 1969.
Last 1998 Cappi also became the President of Vida e Previdencia SA of Bradesco. His leadership for this also shaped how he was able to lead the Grupo Bradesco Seguros in 2003. It may also be necessary to include in his personal background the fact that he became Odontoprev S.A. Directing Chairman, making him an integral part of the growth of the bank.
The leadership of Cappi also saw a lot of changes in how the Pension Plan of Brazil when he acted as the President of the National Association for Private Pension in 1994.
The post-graduate degree of Mr. Cappi came from USP’s Institute of Sociology and Politics. Mr. Cappi also graduated with a degree in Philosophy, Languages, and Arts at the same university.
Learn more about Luiz Carlos Trabuco Cappi: https://g1.globo.com/economia/negocios/noticia/sucessao-no-conselho-do-bradesco-foi-um-ato-planejado-diz-trabuco.ghtml