Lazaro de Mello Brandao who is the current chairman of has come forward to state that he will be stepping down from his position at the company. He has been one of the longest standing chairmen of Banco Bradesco, which is one of the largest privately owned banks in Brazil. The announcement was made by Luiz Carlos Trabuco, who is currently holding the position of chairman of the company until the new leader is elected.
The company has had a long-standing tradition of promoting people to higher positions, coming from within the company itself. The company has always elected people from positions within the firm, mainly because of the experience that they hold while working for Bradesco. Brandao came to the decision of resigning himself, and there was no pressure from within the company or outside sources for him to resign.
There are several speculations as to who will take over as the next CEO of Bradesco according to brasil247.com. There are a number of people who would be fit for the job and would perform as well as Lazaro de Mello Brandao did all through these years. However, the company is yet to release an official statement regarding the matter. The only message that has been given to the public is that right now; the company is going through a transitionary phase, that will result in the election of a new leader in the coming financial year. The company is expected to see the new leader somewhere around 2018.
The announcement came as a shock to the financial industry in Brazil, as they were not expecting this kind of change to happen this fast. This will cause an impact to take place in the financial sector, which nevertheless will be taken care of well, by Bradesco. Another surprising factor was that Luiz Carlos Trabuco would be taking over as the acting CEO of the company. The company’s policy dictates that employees who reach the age of sixty-five have to retire from their positions. The company has, of course, made exceptions in the past, and did something similar for Luiz Carlos Trabuco, when they decided to let him stand as the current CEO and chairman of the company.
According to valor.com.br Luiz Carlos Trabuco has led a brilliant career during the time that he spent working at Bradesco. He has been instrumental in bringing up the overall development of the company and has contributed to the profits that the company has been seeing. Overall, he has been an incredibly efficient leader to the group, which is why he was seen as a perfect fit for the company’s chairman during this progress period at the company.
Since 1998, Luiz Carlos Trabuco has been working as a leader to the company. One of his first ventures leading the employees at Bradesco was when he took over as the CEO of Bradesco Security. Luiz Carlos Trabuco worked at the company for a total of four years before he took on new ventures. He was an incredible leader to the company and led them in several endeavors that help boost their efficiency. Seeing the impact that he had on the company, he was offered a position at the main headquarters of Bradesco, and the rest is history. Bradesco has tried to continually innovate and improve the work that he does so that he can lead the company in the most efficient way possible. He has brought along several changes to the company and has helped them transition into the new markets.
Even though the future leaders of the company might seem uncertain for now, Bradesco is undoubtedly in good hands with notable people working there like Luiz Carlos Trabuco.
Find more about Luiz Carlos Trabuco: http://www1.folha.uol.com.br/mercado/2017/10/1926043-lazaro-brandao-sera-substituido-por-trabuco-no-conselho-do-bradesco.shtml