Banco Bradesco was founded in 1943 in Marilia, Sao Paulo – located in the midwestern portion of the state – by Amador Aguiar. The founder served his financial institution as President up through 1991, citing health problems directly before resigning. Then-current Chief Executive Officer Lazaro de Mello Brandao immediately filled the position of President in the year of 1991, on the same day Mr. Aguiar stepped down.
Lazaro Brandao was only the second President in the bank’s lengthy history, and has been until earlier this week when Mr. Brandao stepped down on his own accord. Mr. Brandao is of good health and has been for a number of years, instead resigning because he’s 91 years of age and wants to spend time with his family and friends for the remainder of his life here on Earth. Mr. Brandao said during his press conference that “When I told my family I was leaving, their reaction was: It’s about time.” He’s still got a sense of humor, too, it seems like.
Current Chief Executive Officer Luiz Carlos Trabuco Cappi will move up to President in March of 2018, the date the new chief executive will be appointed. Mr. Trabuco will serve the dual role of President and CEO from now until March of 2018. He’s been the CEO since 2009, when he was promoted to the prestigious spot of CEO from the lead executive of Bradesco Seguro, Banco Bradesco’s insurance and private pension division.
Luiz Carlos Trabuco Cappi announced that the new CEO will be promoted from within, just like most executives – to which Mr. Trabuco has been no stranger over the past two decades, if not longer – are promoted trough at Banco Bradesco. Mr. Lazaro Brandao was a key proponent in changing Bradesco’s standard procedure of hiring new executives from within its own ranks. Although Bradesco is not the only organization to regularly engage in such activity, the majority of entities – especially those in financial services – hire chief executives, those in upper management, and other executives from other organizations directly or currently unemployed high-powered individuals that recently left top-notch corporate offices.
While Mr. Trabuco or Mr. Brandao didn’t announce exactly who will be considered for the soon-to-be-opened position of Chief Executive Officer at Bradesco, a few unnamed sources speaking on the condition of anonymity working for the leading financial institution shared a list of seven executives currently working for Banco Bradesco SA. Here are the seven candidates, included with a little information about them:
- Andre Rodrigues Cano – Hired in 1977, Mr. Cano was most recently promoted to Bradesco’s team of executives in December of 2016. Cano is responsible for human resources at Bradesco and is 59 years of age.
- Octavio de Lazari – 54 years of age, Mr. Lazari was hired in 1978. He’s over the insurance unit, to which he was appointed in May of 2016. Insurance is responsible for about one-third of the bank’s earnings every year.
- Marcel de Araujo Noronha – Mr. Noronha is 52 years of age and was hired most recently than all but one of the seven executives being considered for CEO. He’s over Bradesco BBI – the bank’s investment banking operations – and oversees the issuance of credit cards.
- Josue Augusto Pancini – This executive is 57 and oversees the intricate network of branches of Bradesco across the expansive nation of Brazil. He’s also responsible for high-income consumers and was hired in 1975.
- Mauricio Machado de Minas – 58 years of age, Mr. Minas is over Bradesco’s IT department. He has worked for a number of other information technology firms throughout his career and founded Next, a spinoff of Bradesco based on the Internet.
- Alexandre da Silva Gluher – Currently the Chief Risk Officer of the bank, Mr. Gluher was instrumental in the acquisition of HSBC Holdings’ retail operations in Brazil. He was first hired in 1976 and is 57 years of age.
- Domingos Figueiredo Abreu – Just like Mr. GLuher, Abreu was deeply involved in the takeover of HSBC Holdings’ Brazilian operations. He is currently over consumer lending and keeping up with the bank’s treasury. He was hired in 1981.