Category Archives: Entreprenuer

As Extensions On Tenure Run Out, Luiz Carlos Trabuco Is Forced To Leave CEO Slot

Luiz Carlos Trabuco, the current CEO of Grupo Bradesco, will be forced out of his slot by the 1st of March of next year. This comes just as Lazaro Brandao, the long-serving chairman of the board of the bank, announced that he will be permanently retiring from his position in a matter of weeks. Luiz Carlos Trabuco is slated to take his place as chairman, and Trabuco will be charged with naming his own replacement.

Trabuco has anticipated that he may occupy both the role of CEO and chairman on a temporary basis. But he has ensured investors and the business press that he will not hang on to both positions over the long term. He has also put to rest rumors that alleged that Trabuco was looking at hiring his replacement from outside the bank and possibly outside the country. One unnamed outlet said that candidates from both Goldman Sachs and Wells Fargo were being considered. But Trabuco has emphatically stated that he will not deviate from the company tradition of only appointing CEOs from within the Bradesco ranks.

Brandao leaves Big Shoes to Fill

At 91 years old, Lazaro Brandao is one of the oldest currently serving chair people of a major corporation, anywhere in the world. Hard as it is to believe, even as the nonagenarian financier rapidly approaches his 92nd birthday, the announcement of his impending retirement has led to serious consternation among many shareholders of the firm. So admired and respected is Brandao that his leadership is viewed by some as a nearly inseparable part of the firm. Without Brandao at the helm to sign off on important decisions, say some, the very soul of Bradesco will be eviscerated.

But others are confident, including Brandao himself, that Luiz Carlos Trabuco will be able to take the reins with aplomb and keep the bank on its true course towards destiny. Although Trabuco oversaw one of the more tumultuous periods of the bank’s existence, with the stock price falling by more than 80 percent, at one point, on his watch, he has also proven to be one of the most innovative and productive employees in the company’s history, with bragging rights to instituting a number of highly successful initiatives that have been relevant in the bank getting to its present position.

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Trabuco Rises through the Ranks

Luiz Carlos Trabuco first came to work at Bradesco in 1969, at the age of just 18. He proved himself to be a capable employee and quickly began rising up the hierarchy of the corporation. By 1984, he had put himself through school, getting a master’s degree in social psychology and a bachelor’s in business administration. Over the next 25 years, he would occupy a string of executive positions with the bank, making serious contributions to the business model and growing a few units to many times their revenues when he took over.

This eventually landed him the top spot at the bank. In 2009, he was named CEO, succeeding the legendary CEO Mario Cyrpiano. But the first six years of Trabuco’s tenure were a huge disappointment. Amid a terrible macroeconomic environment, Trabuco did all he could to stave off the losses of customers and market share.

Then, in 2015, Trabuco pulled off one of the biggest wins in Brazilian corporate history. He was able to complete the acquisition of HSBC Brazil for $5.2 billion in cash. This rocketed Bradesco back to the position of number-one bank in Brazil.

Today, as a result of Trabuco’s guidance, Bradesco has over 5,000 branches and $400 million in assets, making it the largest bank in Brazil by those measures.

Read more: Quem substituirá Trabuco no comando do Bradesco? 7 nomes estão cotados (e tudo pode acontecer)


Daniel Taub As A Diplomat

Daniel Taub was raised in the U.K in 1962 and went to University College in Oxford, University College in London and University’s Kennedy School of Government. He moved to Israel in 1989 where he worked as President Chaim Herzog’s speechwriter.

He also served as a combat medic in the Israel defense forces and later joined the Israeli Foreign Ministry in 1991.Taub is also a professional in international law with specializations in counterterrorism and the laws of war. With the help of that profession, he served as legal advisor to Israel’s missions to the United Nations in New York and Geneva.

DanielTaub also helped in negotiations between Israeli-Palestinian peace process. He led Israel’s observer designation to the International Court of Justice hearings on Israeli security obstacle. He also was Israel’s representative to the United Nations investigative committee on the Gaza flotilla occurrence.

Daniel Taub was appointed U.K-Israel ambassador in 2011. He became the second U.K born Israeli Britain ambassador.Taub introduced the Bizcamp competition in conjunction with Google which led to his nomination in Grasswort Diplomat Initiative Award for the business and trade development. Read more: Daniel Taub | LinkedIn and Daniel Taub | Wikipedia

He also taught Bible and Hebrew classes in Westminster Abbey and the Church of England Synod. His close relationship with the British Jewish community-led to the adoption of Israel program by the Jewish for Israel’s 65th anniversary.

Taub is also a lecturer and a public speaker and has been interviewed broadly on television counting CNN, Newsnight and Sky News. He was also the first Israeli Ambassador to be interviewed on the BBC Persian services. In March 2013, Taub became the first ambassador to the international maritime organization based in London. Learn more about Igor Cornelsen: http://www.everipedia.com/editor/dtaub/

The U.K-Israel trade was twice over all through the four-year term of Israeli ambassador Daniel Taub.There was also a major deepening of education, cultural associates and business flow between the two.

Sajid Javid reported that trade between the two countries had hit maximum point. More than 300 Israeli businesses have functional companies in the U.K.The yearly mutual trade was over $5.5 billion.

In 2012, Daniel Taub mentioned his concern on campuses atmosphere in an interview with Jewish Chronicle. He cautioned the administrators to ensure that each outlook plus those accommodating Israel could be uttered without restraint. Taub visited Bradford in 2014 after George Galloway, city’s representative to parliament affirmed it as an Israel-free zone.Taub intended to hold a sequence of meetings with councilors, faith leaders, and other groups.