Mr. Luiz Carlos Trabuco became the president of the Banco Bradesco in 2016. He was the Chief Executive Officer at the time he was appointed for the presidency to replace Lazaro de Mello following his withdrawal. Mr. Luiz Carlos Trabuco will resign the position of the CEO of the bank in March 2018, but his presidency will continue until 2019. The bank’s new regulations and policies indicate that the future presidents will be retiring at the age of 67 years. The 65 years old rule of retirement was extended by 2 years because the bank had not agreed to the resignation. Mr. Luiz Carlos Trabuco’s succession is faced with stiff competition from Jose Luiz Acar Pedro and Milton Vargas. The presidency was given to Mr. Luiz Carlos Trabuco and was considered because he had served the bank for an extended period of time when compared to his competitors. Also, Mr. Luiz Carlos Trabuco had a keen understanding of leadership proved by his track record in the previous position he held in the different department in Bradesco Bank.
Now the focus will be on the man to succeed the CEO position of the Bradesco Bank. There are some candidates on the list to be appointed for the position of CEO that is currently held by Mr.Luiz Carlos Trabuco according to terra.com.br. The names include; Mauricio Machodo de Minas, Domingos Figueiredo Abreu, Alexandrae de Slva Gluher Bradesco, Mr. Augusto Pancini and Marcelo de Araujo as well as Andre Rodrigues. All these men are fit for the position of CEO but their fate will be known in March 2018. The next bank CEO will be announced to the public after the meeting of the board of the bank’s shareholders. The current president will influence the decision on the candidate who will succeed in the position of CEO.
Mr. Luiz Carlos Trabuco was raised in Marilia and went to the University of Sao Paolo in Brazil. He finished his studies and was awarded a degree in Science, Letters, and Philosophy. He continued with the postgraduate degrees in the faculty of Sociology and Politics at the University of Sao Paulo. He joined Bradesco Bank as a teenager where he served as clerk. He has worked with the bank for about 40 years. He is a man who understands how the bank operates. That means that he does things the Bradesco way. Mr. Luiz Carlos has demonstrated management skills in the previous ranks he has held in Bradesco Bank. He has worked as a department director for Bradesco Banco in 1984. He was promoted to the level of Managing Director Executive in 1998. In 1999, he was promoted to the rank of executive deputy president. Since March 2003, he has been in the executive management of Bradesco Seguros until 2016 when he was promoted to the position of Bank presidency.
Mr. Luiz Carlos Trabuco has an excellent track record in the management of Bradesco Seguros. He was able to expand the assets of the bank from $32 billion real to $78 billion real in 2003- 2008. Several changes have been propagated from these leadership changes. This is seen in the way that leadership has changed institutional policies and provided unique opportunities in the public sphere. The return of equity rose from 22% to 29% during his administration. Mr. Luiz Carlos Trabuco has never recorded return on investment below 27%. While there are currently seven contenders for the position, it is certain that the best one will be selected. The Bradesco Bank financial institution will be in the best possible position to compete as a premier banking institution in the world.
Search more about Luiz Carlos Trabuco: http://www.valor.com.br/financas/5153264/bradesco-novo-presidente-saira-do-corpo-executivo-afirma-trabuco