Luiz Carlos Trabuco is currently the chairperson of the board of directors of Banco Bradesco – or Bradesco Bank, as the name of the Brazilian bank translates to in English. The 66-year-old longtime employee of Banco Bradesco has served across all of the financial institution’s C-suite-level ranks just over the past two decades. Only recently was Mr. Trabuco removed from the position of President – the position can best be compared to the spot of Chief Executive Officer in most all companies around the United States – as he was forced to step down from his role in favor of the younger Octavio de Lazari Junior, a fellow longtime employee of the bank, as Bradesco sought to reduce the average age of its executive team members in efforts to compete with online banks more effectively. Read this article at Glamurama.
Here’s what you need to know about Luiz Carlos Trabuco and his tenure at Bradesco
When Luiz Carlos Trabuco was just 17 years of age – he was still enrolled in Brazil’s equivalent of high school at the time – when he first began working for the then-largest bank in all of Brazil, Banco Bradesco. Though he started off in the position of the lowest rank within the company, he rapidly earned a promotion into Bradesco’s corporate headquarters after working just two short years in the company’s Marilia branch, the same city where Trabuco was born. Read this article at jusbrasil.com.
As all hard-working employees eventually do, Mr. Trabuco eventually became a trusted member of the directorial staff of Bradesco
At the age of 32, Mr. Luiz Carlos Trabuco was trusted with the position of the companywide director of marketing. In this capacity, Mr. Trabuco worked diligently for eight years before getting a promotion to the enviable position of Chief Executive Officer – but not of Banco Bradesco – of Bradesco’s pension-related branch.
Here’s what is going on today within Bradesco
Bradesco’s market share has steadily dropped over the past three years in favor of digital banks. In trying to keep up with the quickly-changing times, Trabuco’s classic mindset was traded for the digital-heavy Lazari Junior.