Luiz Trabuco is an incredibly well reputed name in the banking sector in Brazil. He is known for leading one of the biggest banks in Brazil, Banco Bradesco. He is considered to be an incredibly effective leader and has won several awards for the work that he has done.
He was given the award for Entrepreneur of the Year for finance by This Is Money, an incredibly well known financial magazine. In 2009, Trabuco was listed as one of the most influential people in Brazil and one of the best CEOs, which were inferred upon him by Forbes Magazine.
Trabuco is a graduate of the St. Paul Marilia College and attained a degree in philosophy from there. He later went on to do a postgraduate course in Social Psychology and was given a degree by the Foundation School of Sociology and Politics of Sao Paulo.
Trabuco has led a brilliant career at Bradesco, having worked there from such a young age. He started working as a bank teller for Bradesco when he was just seventeen. He worked at several positions at one of the bank’s branches, and slowly climbed the corporate rung. Hard work and dedication have been two of the principles that Trabuco has lived by, and are two things that have helped him through the course of his career. He then went on to work at the Insurance segment of Bradesco and worked his way up to become the CEO of Bradesco Life and Pension. During his time as the CEO, the company saw an incredible improvement, not just in the operations, but in the profits that they earned as well. The company soon developed to be a leader in its sector, and Trabuco gaining an incredible reputation for himself.
Read more: Bancos podem emprestar mais, diz Trabuco
After leading that division of Bradesco for a considerable amount of time, the company executives thought that it was time to get Trabuco onboard, working at the main headquarters of the entire company. He was soon given the position of CEO of the main company which he worked at, until now.
Earlier this year, Trabuco came forward to announce the retirement of longtime Chairman, Mr. Brandao. Brando had been serving for over twenty-five years in the same position and now was ready to step down at the age of ninety-one. He was the oldest bank chairmen in the entire world and was highly regarded as being among the people that built the foundations that Bradesco stands on. With the most important position within the company left vacant, Trabuco was asked to step in and take over as the new chairman of Bradesco.
However, the company has not yet chosen who Trabuco’s successor would be. The company has a long-standing history of only electing people to higher positions who have worked for a considerable amount of years at Bradesco. To this effect, there is a limited pool of people that can become the CEO of Bradesco, which analysts have been speculating over, even though the company has not given out any official information. Until the new CEO is selected Mr. Trabuco will be performing both the roles, of CEO and Chairman of Bradesco.
Having as much experience working at the company as he does, Trabuco is proving to be a brilliant fit for the position of chairman. Even though he is performing both the roles at the company, the executives at Bradesco are sure that he will be able to fulfill them with absolute ease.
Bradesco will most likely announce the new CEO to the company at the shareholders meeting, which is set to happen at the end of the financial year.
Learn more about Luiz Carlos Trabuco: http://economia.estadao.com.br/blogs/coluna-do-broad/bradesco-deve-anunciar-sucessor-de-trabuco-antes-do-carnaval/