Of Luiz Carlos Trabuco’s Life, Leadership And Succession At Bradesco

Not so many people would have the opportunity to virtually identify with one particular company or institution throughout their career-it’s just very rare. Luiz Carlos Trabuco is one iconic figure to have attained such an accomplishment-working at Bradesco almost the entire time of his employment age.

Luiz Carlos Trabuco’s Bio
Luiz Carlos Trabuco is a graduate from the Faculty of Philosophy, Science, Languages, and Arts, and a post-graduate degree holder in Social Philosophy from the School of Sociology and Politics, University of Sao Paulo.

Joining Bradesco
He joined Bradesco S.A. on 17th April 1969 and became a Departmental Director in 1984 before steadily rising to the rank of Chief Executive Officer since 10th March 2009. Prior to his ascension to the helm, he served as the Executive Vice-President. Elsewhere, he formerly held positions with many companies such as the president of Grupo Segurador.

Besides, he served as the President of the National Association for Private Pension Plans (ANAPP) between August 1994 and August 2000, and a board member of the Brazilian Association for Listed Companies (ABRASCA) between July 2000 and February 2003.

Read more: Bradesco deve anunciar sucessor de Trabuco antes do Carnaval

Succession, an Inevitability
Luiz Carlos Trabuco’s exit from Bradesco’s administration was delayed, in September 2016, following an extension of the maximum age for a CEO’sposition from 65 to 67 years according to istoedinheiro.com.br. Such was a dynamic response to what would have been a hefty undertaking for the bank after the then vice president, and the man to set to succeed Trabuco-Marco Antonio-succumbed to death in a plane crash.

The Leadership Process
Without a doubt, there were high stakes before the grand announcement could be made. Moreover, there was an array of men lined up to take over from Trabuco. On 5th February 2018, the bank officially announced Octavio de Lazari Junior, 54, as its new president. However, Luiz Carlos Trabuco was set to remain in the Council’s Presidency, and in his executive position till an ordinary general meeting would be held in March.

The Future of Banco Bradesco
Lazari, flanked by his predecessors-Lazaro Brandao and Luiz Carlos Trabuco-during in his inaugural speech, outlined his very first challenge was to offer continuity, as well as renewing the legacy of the two. Trabuco confessed it took months to settle on a new president, with Lazari’s merits giving him the cutting edge.

Trabuco’s was a service well rendered while at Bradesco, and peacefully relinquishing the coveted seat when it was time to egress.

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