Brazil continues to be a leading regional power in the South American continent. The country’s industries have far surpassed most of its neighbors capacity for economic output. The banking industry in the country of Brazil is no exception. Just recently was announced that one of the country’s largest banking entities would be experiencing a shift in leadership.
Bradesco bank is currently one of Brazil’s largest banking entities. For the last several years the company has been led by chief executive officer Luiz Carlos Trabuco. Luiz Carlos Trabuco recently announced that a successor had been chosen. The successor is known as Octavio Lazari. Octavio Lazari was only one of a potential of seven other candidates. Bradesco bank had seven vice presidential candidates who were in a position to potentially assume the role of president in the company. This change in the leadership of the company comes as no surprise as the company had already extended the age limits for the company’s leadership position from 65 to a maximum age of 67 years in September 2016. This was done in order to delay the replacement of Luiz Carlos Trabuco as president for the company.
Luiz Carlos Trabuco has been recognized internationally as one of the most powerful men in the entire country of Brazil. In 2009 he was ranked among the 100 most influential members of the Brazilian nation. In 2016 he was again listed among the best chief executive officers in the entire nation by American magazine Forbes.
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Luiz Carlos Trabuco has had a very long career and originally began as an entry-level employee in the banking industry. At the age of 17 began to work as a clerk Bradesco bank. Over the next 15 years, he worked in a number of different job positions for Bradesco bank and eventually was promoted to marketing director for the company. As marketing director for the company, he was able to modernize the communication of the bank with that the nations media. With this modernization of the communications between the bank and the media, the relationship between the two grew ever closer. He continued to serve as the marketing director for Bradesco bank for a period of eight years until 1992 when he was promoted to chief executive officer of a branch of the company that was focused primarily on private pensions. Continued to work in this position until the year 1998. In 1998 he became the managing director of Bradesco bank where only one year later he was then elected to executive vice president of the Corporation. While serving as the Executive Vice President of the Corporation, he was able to launch the company on the New York Stock Exchange. By launching the company on the New York Stock Exchange, he accelerated the corporation’s growth. By the end of his tenure, the company had experienced a doubling of the size of its assets, and it had solidified its position as one of the leading companies in the Brazilian economy with a market share equivalent to 25%.
Find more about Luiz Carlos Trabuco: https://www.istoedinheiro.com.br/o-bradesco-de-brandao-trabuco/