Luiz Carlos Trabuco Cappi is considered to be a significant influence within an inner group of some of the most powerful business executives in Brazil.
Throughout the time that Cappi has presided as Bradesco’s CEO quite successfully in addition to his promising career, he has led Bradesco to become one of the most famous Brazilian private banks. Bradesco has expanded its presence throughout almost every city in Brazil.
Luiz Carlos Trabuco Cappi is also to credit for Bradesco’s success in being recognized as a modern bank in the 1980s, at a time credit cards were almost unheard of in Brazil, and checks were used regularly in business and everyday purchases. Cappi also has some successful large-scale credit negotiations under his belt as well as a significant quantity of some of the most imperative financial projects in Brazil.
Bradesco’s financial market results are a result of Luiz Carlos Trabuco Cappi’s guidance in defining its core business interests. Most of the leading political leaders, as well as a number of important executives, take heed to Cappi’s financial market predictions. The press frequently features Cappi’s statements in newspaper headlines as well as on financial magazine covers.
Disbelief was what could describe the press’ reaction when it became aware that Luiz Carlos Trabuco Cappi was taking over Lázaro de Mello Brandão’s position on the board, its oldest executive, who is currently ninety-one and had worked for more than seven decades for Bradesco, Brandão had been spending his last 25 years on the board, but is now passing the torch on to Cappi.
Cappi continues to perform the roles of CEO at Bradesco and will also fulfill Brandão’s position as president of the Administrative Council. At the age of 66, Cappi would technically be too old to be Bradesco’s CEO, since there is an internal rule that defines 65 as the age limit for its CEOs. Cappi has recently been awarded a waiver for this internal age limit rule, which allows Cappi to continue in his position until December 31, 2018. Despite an extra year as CEO, he has stated that he will not use the full length of the age limit waiver.
It is expected that by or before March of next year, Bradesco will have chosen and announced its new CEO. Cappi believes his succession process to be quite complex as Bradesco is a quite complex organization that features different segments that are almost symbiotic. Cappi’s successor should be fully aware of Bradesco’s complexity and be able to make the most out of the characteristics the group has built up over its years as a financial group and not only a bank.
Since Cappi backed the technical aspects of the HSBC Brasil transition, which was Bradesco’s latest acquisition, it was very unexpected news in the financial market according to camar.sp.gov.br. Despite this recent move, Cappi announced his soon to take place succession as CEO. News like this always makes the media speculate as to who the new successor will be.
The media has been speculating that the most likely candidate could be Bradesco’s current vice president of technology due to his involvement in integrating HSBC to Bradesco. Other sources suggest that all members of the board are also possible choices to become the next CEO. It is likely that the next CEO will be Domingos Figueiredo de Abreu, Alexandre da Silva Glüher, Marcelo de Araújo Noronha, André Rodrigues Cano, Josué Augusto Pancini or Octavio de Lazari Junior since they are board members.
Luiz Carlos Trabuco Cappi and his wife have 3 children. Cappi holds a Philosophy degree from USP (Universidade de São Paulo) and his Social Psychology degree from the School of Sociology and Politics of São Paulo (Escola de Sociologia e Política de São Paulo). Carlos Trabuco Cappi is the CEO that has done the most for Bradesco, so replacing him will not be an easy task.
Learn more about Luiz Carlos Trabuco Cappi: http://www1.folha.uol.com.br/mercado/2017/10/1926243-proximo-presidente-do-bradesco-saira-da-diretoria-do-banco-diz-trabuco.shtml