Banco Bradesco SA is set to undergo some important changes in coming months. This institution has been ranked as the second largest financial institution based on market value. This accolade is accompanied by a great deal of responsibility that has been shouldered by Lazaro de Mello Brandao for more than a quarter century. This ninety one year old has recently announced that he will be stepping down from his position by his own choice. As one of the longest serving chairman of a bank it is surprising that this decision has come, yet it is understood as being inevitable. Because of this announcement there have been significant standards of improving outcomes for existing and future personnel in the bank. It is also important that a successor is chosen for this formidable giant in the financial world.
Brandao will have immediate duties taken over by Luiz Carlos Trabuco Cappi. Cappi is now the chief executive officer and has been a loyal member of the organization for some time. Even though he is a great candidate, he will be holding both the positions of president and CEO once Brandao leaves the organization. Because this is not allowed by bank bylaws, there will be the need for an election process in order to replace him and select another candidate for one of the positions– CEO.
Starting at the young age of sixteen in 1943 this executive has made a big impact on the way that the organization has progressed. Trabuco has been one of only two Bradesco chairman and only one of our the total four CEOS that this bank has had as well. Brandao is one of the oldest leaders when it comes to banking and has been an influential member of the organization as well as the banking industry at large.
When stepping down and making a public announcement, he implores more attention to detail in future years. He explained to the press that the board of the bank must be able to renew their efforts in order to get the best results in modern times. Brandao currently holds the first badge as an employee and chose to resign after a long and satisfying career according to ultimosegundo.ig.com.br. While he is planning to step down from his role as president, things are not over for this giant. He intends to continue his standards of operation by managing holding companies as well as other standards of operation at a higher level.
Brandao has made big changes when it comes to the culture of management in his organization. This has been increased because of the way that personnel have stuck with the company for so many years. The culture suggests that only internal candidates will be considered for the position. The bank will not be seeking outside talent or personnel in order to fulfill the leadership role. Brandao has been influential in propagating this culture and the decision is clear in the way that Cappi had been selected for his position to begin with. Presently, there are seven chief level executives that have been in the running for this candidacy. IT is important to note that the discussions are taking place privately, even though the names of some of the candidates have been announced publicly.
Mauricio Machadeo de Minas is a key candidate having had expertise in the information technology department of this organization. Alexandre da Silva Gluher as well Josue Augusto Pancini have been important figures for consideration as well.Overall, Pancini has been involved with networking as well as high income segments. They bring unique strengths to the table and are viable candidates at large.