Mr. Luiz Carlos Trabuco is the current CEO and Incumbent president of the Bradesco Bank S.A. He became the president of the Bank in 2016 following the exit of the Lazaro de Mello Brandao in 2016. He is the first person to keep both the position of the CEO and President at the same time. However, Mr. Luiz Carlos Trabuco’s CEO position will be filled in March 2018 when the Board of shareholders will meet. The financial institution will appoint someone from within Bradesco to replace and fill the vacancy left by Mr. Trabuco. The bank will be expected to announce the name of the next CEO 30 days before March this year. The laws of the company forbid one person from holding two positions at the same time, therefore a transition of power is in order.
Mr. Luiz Carlos Trabuco will continue to be the president of the bank until 2019. The Bradesco bank extended the maximum age till retirement by two years to accommodate him. The departure of Luiz Carlos was postponed in 2016 since the bank had not prepared the specific period for other people to retire. The bank announced in 2016 that the age of retirement for executive officers would be 65 years according to g1.globo.com. Several people are expected to replace the current president coming next year. One of the famous names to be the next president of the bank is Mauricio Manus who is the bank’s vice president of the technology. Others include Gluher and Josue Panchini. The scramble for Mr.Luiz Carlos Trabuco’s replacement is open to six vice presidents of the banks’ departments.
Mr.Luiz Carlos Trabuco was appointed by Lazaro Mello Brandao in 2016, and he is also expected to name his successor in 2019. Mr. Luiz Carlos Trabuco can improve the performance of the Bradesco Bank significantly. His predecessor believes that Mr. Trabuco is the right person at the moment to ensure the bank’s continuity in leadership. The current president has the responsibility of protecting and maintaining the bank legacy as it has been made for previous decades. The primary challenge Mr. Luiz Carlos Trabuco will be facing during his tenure as the president is digital literacy. The bank has a total of 27 million customers. 14 million out of 27 million customers at Bradesco bank are using digital transaction.
Mr. Luiz Carlos Trabuco has a post-graduate degree in Sociology and Politics. He also has other degrees in Philosophy, Sciences, Arts and Language obtained at the University of Sao Paulo. He started building his career in the banking industry in April 1963 when he was first employed by Bradesco bank. He was then appointed as a member of the Management Board at ArcelorMittal Brasil S.A. Mr. Luiz Carlos Trabuco has served on the Board of Director in the different departments of the Bradesco bank over time. He served as a Managing Director and Internal Director of Banco Bradesco, Director of Bradespar and Director of Grupo Bradesco Seguros.
Mr. Luiz Carlos Trabuco has been entrusted with several positions of CEO, deputy president and president in several departments under the umbrella of Banco Bradesco. He became the Chief Executive of Bradesco presidential Seguro SA in 199. He also served the post of CEO and vice president of the Banco Bradesco SA since 2009. Mr. Luiz Carlos Trabuco became the president of ANAPP in 1994 to 2000. He is one man who has served in different leadership ranks within the Banco Bradesco. Mr. Luiz Carlos Trabuco is very suitable for the job. He has a lot to accomplish yet in the future.
Find more about Luiz Carlos Trabuco: https://www.terra.com.br/economia/trabuco-assumira-presidencia-do-conselho-do-bradesco-banco-nomeara-novo-chefe-executivo-em-marco,9fb1d7fe927d7f26678a7543f82f02edw3u6oihm.html