48 Years After Joining Bradesco, Luiz Carlos Trabuco Has Become The Bank’s Chairman Of The Board Of Directors

For the next few months, Luiz Carlos Trabuco will hold the enviable double-title of chairman of Brazilian bank, Banco Bradesco. This follows his appointment to the position of chairman earlier in the month of October this year. The position had unprecedentedly become vacant after its previous holder, Lazaro Brandao decided to resign at the age of 91. The appointment of Luiz Carlos Trabuco to a new docket has also created the need to have someone else take his previous position. However, the next president will not be selected until March 2018, thus creating the need for Luiz Carlos Trabuco to continue being president.

Taking over from Lazaro Brandao

Lazaro Brandao was the only person who had been at Banco Bradesco longer than Luiz Carlos Trabuco. In fact, Mr. Trabuco’s 48-year stay at the bank compares starkly with Lazaro Brandao’s 74-year stay. Further, Mr. Brandao had been the chairman of the board for a whopping 27 years and also the president of the bank for a considerable amount of time before that. Consequently, even the highly accomplished and celebrated Luiz Carlos Trabuco will have a hard time filling in the gap left by Lazaro Brandao. However, the same was also said of Mr. Trabuco when he took over as the bank president from the much more experienced Marcio Cypriano in 2009. He has gone on to have a highly successful tenure in what has been arguably the toughest economic climate in Brazil for the last few decades.

Read more: Trabuco: Despite the uncertainties, investors believe in the countrycreditam-no-pais

Process of Selecting a New CEO

As dictated by the bank’s bylaws, presidential appointments at Bradesco can only be made before the annual shareholders’ meeting. Consequently, the selection of the new president will not be made until March 2018. That said, when the time comes, the Bradesco board will vote on the best pick from a list of potential candidates constituting of only Bradesco employees. The tradition of only considering those already working at the bank for the presidency is one that Bradesco has held on to for a long time. In fact, all of the bank’s previous presidents appointed by the board were previously working at the bank for a considerable amount of time. Therefore, the next president will be one of the people currently serving as a vice president at the bank.

Brief Profile of Luiz Carlos Trabuco

Luiz Carlos Trabuco hails from the small Brazilian city of Marilia. Coincidently, this also happens to be the place where Amador Aguiar, Bradesco’s founder, set up the bank’s first office. He studied sociology and psychology at both the undergraduate and postgraduate level. However, despite not having an academic background in banking, he has matured greatly into a highly respected banker. Consequently, he is often consulted by the media on issues relating to the health of the Brazilian economy.

After three decades working at the bank, Luiz Carlos Trabuco was appointed the bank’s president in 2009. While his immediate mandate at the bank was to continue expanding it into a financial giant, he was unfortunately held back by the struggling Brazilian economy under the weight of the global financial crisis. However, he initiated a well thought out organic growth plan that not only helped the bank survive the difficult period but also continue growing through it. After the economy improved, he continued the bank a lot more aggressively, particularly with the acquisition of HSBC. Valued at $5.2 billion, the acquisition was the biggest in Bradesco’s history and also the biggest financial transaction in Brazil for 2015. Hopefully, he will continue with the same pace at his new position as chairman.

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Sheldon Lavin Portrays Great Leadership in Business

When it comes to meat processing, great skills and technology are required to be a leader in the market today. Sheldon Lavin is one of the great leaders in the meat industry. His incredible work, as well as an experience of more than forty years, has enabled him to be successful in the industry. His prosperity in this sector has not been a walk in the park; he has had to endure a lot before becoming successful in the industry, which has made most people regard him as untouchable. His endurance coupled with long experience has enabled him to become resilient in the meat industry.

Before choosing to participate in this industry, Sheldon Lavin was a businessperson and had endured some level of success that he even set himself up as an official financial specialist. Counseling firm was one of the things he had speculated to operate before he finally decided to venture into the meat industry. Up to now, at the age of 81, Sheldon Lavin has never regretted quitting the monetary part to venture into the meat handling industry. He began working at OSI Group actively in the early 70’s at a period when McDonald extended its operational area. He joined and operated in the operation of the business on a full-time basis, and throughout the years, he has enabled the firm to venture in various nations.

The accomplishment of Sheldon Lavin in business has enabled him to make improvements in the OSI Group ventures. Through his leadership, the firm has been able to distribute prepared meat and other huge nourishment across the globe. He has enabled the meat preparing firm from a private venture whose main area of focus was providing food to the neighborhood, to being a multinational enterprise whose product is supplied to the whole world.

The breakthrough of Sheldon Lavin, while carrying out his duties at the OSI Industries, was when he was able to successfully empower Otto and Sons. This was an organization that specialized in preparing sustenance; it was empowered in obtaining even more subsidies. In honor of his incredible work in this industry, he has achieved numerous recognition, the major one being recognized as Global Visionary Award by the Visionary Academy of India. This was an honor that acknowledged his extraordinary ability in transforming OSI Industries into a global brand. He continues to be a role model for many people in the meat industry.

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