There are many exciting things happening in Brazil. With all of the economic growth, many companies are doing better financially than ever before. This is especially true in the banking industry. As the economy improves, more people have access to capital. This is resulting in millions of people buying homes for the first time. This helps banks increase both sales and profits.
Bradesco is one of the largest companies in Brazil. At one time, the bank was not doing well financially. Luiz Carlos Trabuco Cappi was the CEO for many years, but he has recently announced his decision to retire. Bradesco is now going to pick a new CEO to lead the company.
The Career of Luiz Carlos Trabuco Cappi
Luiz Carlos Trabuco Cappi had an interesting career path to become the CEO of Bradesco. Unlike a lot of prominent business leaders today, he did not come from a wealthy family or a fancy college. His parents were actually poor farmers. However, he decided to work as hard as possible to attend college. He had to work multiple jobs as a child, but he was eventually able to go to college and study business.
While he was in college at University of Sao Paolo, he took a menial job at a local bank. This is where he really started to see what the banking industry was all about. After graduation, he took another job at a bank in a major city. This is where his career really started to improve.
Luiz Carlos Trabuco Cappi worked his way up the corporate ladder quickly. Not only was he educated, but he also had a passion to learn as much as possible. When the CEO position opened up at Bradesco, Luiz Carlos Trabuco Cappi was given the opportunity to lead the company.
When Luiz Carlos Trabuco Cappi first started with Bradesco, the company was in bad financial shape. Many people were worried that the company was going to fire a large percentage of the workforce. Luiz Carlos Trabuco Cappi came in and made a promise that he would not lay off any workers. Instead, he made some major changes to the business in order to increase sales and profits according to brasil247.com.
Some of the changes that Luiz Carlos Trabuco Cappi made did not work out. However, he was a good CEO that people enjoyed working for. Not only did he have a great business mind, but he also invested time and money into the local community. About a year ago, Luiz Carlos Trabuco Cappi started to work on a transition plan with Bradesco being the new chairman of the board. He announced his retirement, and now the company is working through an internal pool of candidates. It will be interesting to see who the company hires.
Future Plans for Growth
Bradesco has a great opportunity to grow in the years ahead. The company has numerous products and services that customers enjoy. In addition, Bradesco has a solid online platform that makes online banking much easier on customers. This is something that a lot of younger customers enjoy.
Brazil is in the midst of a major economic growth cycle. Over the next few years, many economic experts believe that the country is going to continue growing at a rapid rate. Although Luiz Carlos Trabuco Cappi is retired, he still spends time and money helping others in the community. He left a solid legacy at Bradesco.
Search more about Luiz Carlos Trabuco Cappi: http://epocanegocios.globo.com/Empresa/noticia/2017/10/trabuco-o-importante-agora-e-olhar-para-os-desafios-do-futuro.html