After years of probing the eventuality of change and how elusive it is, experts, especially in the industry of banking, agree that organizations must embrace change or perish eventually. In this case, that change entails reshuffling in critical areas of the organization. Yet, one of the biggest and challenging aspects in at all is implementing the transition process. For that reason, when Brandao de Mello announced his resignation in late 2017, the employees of Banco Bradesco were somewhat apprehensive. However, since it was time for him depart, the employees had to embrace change and learn how to live with the eventuality of always having a new leader at some point in their lives.
Background Information on Leadership
For more than twenty-five years, Brandao de Mello served at Banco Bradesco. As the chairman, he was in charge of making most of the decisions. Nevertheless, when he turned 91 years old, he felt the need to allow someone else to provide excellent services for his clients. For that reason, a vacuum was left in the bank. Since he had no immediate replacement, he elected one of the most admired leaders to serve for a few months until when the panel for election was ready to select a leader to serve permanently. Luiz Carlos Trabuco oversaw critical operations following his vast experience while first serving as a junior advocate for Banco Bradesco alongside working with his clients to develop diversified portfolios for the bank.
Read more: Bradesco anuncia substituto de Trabuco
From Brandao de Mello’s legacy, allegiance and persistence are the two key lessons that crop out from his commitment to serving Banco Bradesco. Moreover, having joined the bank when he was sixteen, it has been one busy and dedicated road of garnering vast experiences to elevate the service delivery portfolio of the organization. Besides, he was also the longest-serving leader of his kind. Therefore, it was the right time to let go and perhaps allow the leadership reigns take a new dimension.
Carlos Takes Over
As he stepped down, Brandao de Mello was categorical about his plans. For instance, he insisted that Banco Bradesco must only recruit from the already serving leaders. Therefore, he first elected Luiz Carlos Trabuco to step in for the short-while in which the board of directors was still struggling to find a new replacement according to folha.uol.com.br. Of course, Trabuco’s election was pegged on the fact that he vastly understands the banking system. Besides, he has been making significant decisions in the organization.
The Overall Replacement
In a few days, Luiz Carlos Trabuco was already serving as Brandao’s replacement at the moment as chairman. Therefore, just like he impressed the board of directors in the past when he joined the organization as a child, he upheld the leadership reigns of Brandao de Mello. From his perspective, the culture inseminated by Brando de Mello had to be passed to the next generation of leaders. Perhaps, that is why when it was time to elect who would permanently take over Carlos as a president was active in the entire election process. Octavio de Lazari became the newly elected president.
The Outline of Leadership
Octavio’s election was primarily pegged on his ability to coordinate technical banking operations. Moreover, it was discussed that he was the best fit for the banking institution because of his vast experience, technical and finance expertise. Over and above that, it was clear that Octavio, just like Luiz Carlos Trabuco, joined Banco Bradesco over four decades ago. Consequently, as he takes over, he is expected to match Brandao’s leadership reigns.