Luiz Carlos Trabuco Cappi was crowned the Chairman of Banco Bradesco earlier this year, in October of 2017, rising even further upwards from his now-formerly-held position of Chief Executive Officer, a title Mr. Trabuco was promoted to in March of 2009.
Now-former Chairman Lazaro de Mello Brandao had resigned the same day Luiz Carlos Trabuco Cappi took over his spot, though Mr. Brandao had left willingly, on his own. Even though Lazaro Brandao was an astounding 91 years old, he was able to resign without any executive intervention.
Mr. Brandao’s family members reported they weren’t surprised by him stepping down, as he had worked for Banco Bradesco in countless capacities since he was only 14 years of age. His 70-odd-year career is something of legend, as very few – if any – people are able to continue working until 90 – even 80, if not 70, for many individuals – let alone in the high-responsibility capacity Lazaro de Mello Brandao occupied for forty-odd years.
Another high-ranking executive, Mr. XXXXXX XXXXX, will jump into the spot of Chief Executive Officer in relieving Luiz Carlos Trabuco Cappi of his duties. Mr. Trabuco also reported that a permanent replacement would be selected in the five calendar months after he took over as Chairman – sometime in March, according to sources within the bank – to best appeal to shareholders before the yearly shareholder banquet kicks off that March.
Mr. Luiz Carlos Trabuco Cappi will work closely with Bradesco’s board of directors in whittling down the current list of seven existing executives to fill the void Mr. Trabuco recently left. Trabuco, on the other hand, is slated to remain in the position of Chairman indefinitely.
Read more on folha.uol.com.br
Lazaro de Mello Brandao Did Luiz Carlos Trabuco Cappi A Great Favor
At Banco Bradesco, long-standing rules indicate that people over 65 years of age aren’t suitable for any executive position. As such, as soon as any member of the financial institution’s executive staff turn 65, they’re fired immediately.
Roughly three years ago, Luis Carlos Trabuco Cappi was 63 years of age, slated to turn 65 in little more than one calendar year. He worked closely with Mr. Lazaro Brandao to extend the maximum age executives can be without getting fired.
With loads of negotiating, Lazaro Brandao, while he was still the Chairman of Banco Bradesco, raised the maximum age for executives two years, up to 67 years of age. Mr. Luiz Carlos Trabuco Cappi was able to remain the CEO for about two more years, as Mr. Brandao stepped down less than a year before Mr. Trabuco turned 67, effectively making him the Chairman of the Board without any issue.
Luiz Carlos Trabuco Cappi is one of Brazil’s most heavily decorated executives, racking up handfuls of accolades and awards over the years. One of Mr. Trabuco’s most recent accomplishments is being crowned as one of the sixty most powerful businesspeople throughout Brazil. Such an award is truly hard to receive, as Brazil is one of the most heavily-populated countries on planet Earth, though Mr. Luiz Carlos Trabuco Cappi received the 24th spot on the list.
Ranked by Ultimo Segundo, Mr. Trabuco’s spot as just the fourth President of Bradesco, even though the bank has been in operation for 80-odd years, was one of the most significant factors behind him being given the accolade.
Now that Mr. Luiz Carlos Trabuco Cappi has been promoted to the rank of Chairman, news sources across the South American continent are likely to recognize him for several more awards in coming years.
Find more about Luiz Carlos Trabuco Cappi: http://www.valor.com.br/financas/5194121/trabuco-apesar-das-incertezas-investidores-acreditam-no-pais