Lazaro Brandao Steps Down, Names Luiz Carlos Trabuco As Successor

Lazaro Brandao is one of Brazil’s most famous and admired financiers. Over a career that has spanned more than 75 years, all of which Brandao has spent at Grupo Bradesco, the inveterate banker has gone from teller all the way to chairman of the board. Brandao is the only person to simultaneously hold both the positions of CEO and chairman of the board over a long period. He is also widely regarded as personally responsible for much of the banks incredible success and growth.

Well past retirement age, Brandao’s departure still makes some nervous

In fact, so inextricably linked have been the fate of Bradesco to that of Brandao that many investors have voiced extreme concern at his departure, even as the nonagenarian banker rapidly approaches his 92nd birthday. But Brandao is quick to reassure concerned shareholders and board members that his replacement, Luiz Carlos Trabuco, is as good a man as any to fill the job. In fact, Brandao says, Trabuco may be the single best person anywhere on Earth to become the next chairman of the board.

Similar stories, different eras

Although Trabuco and Brandao have many similarities in their stories, the two came up through the ranks in different eras. Brandao first came to work at Bradesco at the age of just 16, in 1943. That year marked the first full year of operation for a bank that was started as just a one-branch thrift institution in the town of Marilia, in Sao Paulo state.

Read more: Lázaro Brandão será substituído por Trabuco no conselho do Bradesco

Brandao quickly proved himself to be an able employee, being granted more responsibilities and beginning his rise through the ranks. By 1981, he had reached all the way to the top of the hierarchy, being named CEO. Over the next 36 years, Brandao would hold the positions of both CEO and chairman of the board, simultaneously holding both positions between 1990 and 1999. He would also go on to oversee the most spectacular period of growth not only in the history of Bradesco but in the entire history of Brazilian business.

Trabuco, on the other hand, began working at the bank as a teller in 1969, 26 years after Brandao had first been hired. While Brandao came up through the ranks during the heady days of few regulations and big risks, by the time Trabuco was climbing the corporate ladder, the game had significantly changed. In fact, Trabuco became a major force for modernization within the bank. Although Brandao rightly receives much credit for his role in transforming Bradesco into a national player in Brazil, Trabuco may have been the more influential of the two men on the corporate philosophy and general shape of the business.

Just one example of this is Trabuco’s transformation of the financial planning division. When he was appointed its president, in 1992, the unit was struggling. Through implementation of a program to attract high-net-worth clients, Trabuco was able to grow the unit into one of the most successful business lines in the company, accounting for nearly one third of all revenues. Trabuco enjoyed similar successes as president of the insurance division.

All this adds up to a situation where, while Trabuco hasn’t received the same kind of credit and widespread admiration as Brandao, he is certainly deserving of recognition for his accomplishments and has been a productive and capable asset for Bradesco. There is little question that he will be able to capably lead the bank into the future. Even if some shareholders are not 100 percent satisfied that Trabuco is the best man for the job, they are almost certain to be reassured as the bank moves ahead.

Search more about on Luiz Carlos Trabuco: https://www.terra.com.br/economia/trabuco-assumira-presidencia-do-conselho-do-bradesco-banco-nomeara-novo-chefe-executivo-em-marco,9fb1d7fe927d7f26678a7543f82f02edw3u6oihm.html

Louis Chenevert’s Career Shows the Amazing Results of Discipline and Innovation

Louis Chenevert’s rise to the top in the business world was fueled by his hard work and diligence over the years. He has put to practice his management skills that he learned at HEC Montreal well in his career path. In the process, Louis has grown to be a figure to emulate by fellow business leaders.

A Showcase of Hard Work

After attaining his degree in production management, Louis Chenevert joined General Motors. He rose to become the firm’s Production General Manager. His ability to contribute to the growth of businesses came out when working for Pratt & Whitney. He was able to grow the business unit in six years, which earned him a promotion to the position of the President. His breakthrough came in 2006 when he joined United Technologies Corporation as the CEO and Chairperson. Louis continued to rise in the technological products manufacturing firm following his imagination and focus. He also led the firm to invest largely in technology and the future, fuelling his success further. During his tenure, the company’s share rose by 200 percent thereby increasing UTC’s earnings. He wrote history when he acquired Goodrich, which made UTC qualify to be a manufacturer on its own. Louis Chenevert left an unbeatable legacy at the firm that the current leaders can only emulate. By using the standards that they inherited from him, UTC has continued to rise.

Recognition and Environmental Awareness

Besides growing his career, Louis Chenevert showed his sensitivity to the environment. He led by example in sensitizing businesses to manufacture products that are eco-friendly. His hard work led him to receive many accolades that celebrated his achievements. In 2009, National Building Museum recognized him. Aviation Week and Space Technology named him the 2011 Person of the Year.

More about Louis Chenevert

Louis Chenevert’s skills have previously been felt at The Business Council when he served as the Executive Committee deputy chair. 2 years ago, he joined Goldman Sachs as the Merchant Banking Division’s main advisor.

Louis Chenevert is also the Chairman of the Tax and Fiscal Policy Committee at the Business Roundtable where he is a member of the Executive Committee. He also serves on the US-India CEO Forum.

Louis Chenevert has served in philanthropic missions besides his official engagements. He sits on the Advisory Board at the Yale Cancer Center as the Chairman.

JHSF ground breaking achievements in aviation and hospitality under Jose Auriemo Neto’s leadership

JHSF Participações is a leader in Brazil’s upscale real estate sector with noteworthy participation in residential and commercial incorporation, development, and administration of shopping centers and high-end hotels. The company, which has its headquarters in Sao Paulo, Brazil has become a force to be reckoned with when it comes to creating new innovations within the real estate industry.

Under the leadership of the Chairman and Chief Executive Officer, Mr Jose Auriemo Neto, the company has ventured and invested in new and rewarding opportunities such as the development of an international airport in the metropolitan region of Sao Paulo, the inception of leading retail stores such as Valentino and Ralph Lauren in its Cidade Jardim mall, and acquiring stake of the Fasano Hotels to make it the first real estate company to venture into hospitality.

Mr. Neto who took charge of the hotel in 2007 from his father has continually shown dedication to his work and this was proven in 2015 when he moved his whole family to New York so that he could oversee construction of a luxurious residential apartment. Such moves have helped the company expand its operational territory from local areas in Brazil to international cities such as New York.

The international business airport in Sao Paulo is specifically designed for Business Aviation and is aimed at meeting the long range international flight requirements for existing businesses. Some of the features of the airport managed by JHSF include: Its own air traffic control tower, a long runway -8103 by 147 feet-, modern Airport infrastructure, 24-hour operations system, and a general aviation terminal dedicated to business aviation

The airport is accessible from Sao Paulo’s main business regions by helicopter which would take an approximate of 14 minutes or by an automobile, which would take an approximate 35 minutes.

The company included hospitality in its activities by acquiring the stake of Fasano Hotels, and this has led them to continually gain national and international awards such as Luxury Hotel of the Year from Premio 4 Rodas and Trendiest Hotel in Brazil from Trip Advisor. It manages 15 restaurants in the Fasano Group and a couple of hotels both locally and internationally.

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