After 25 years of faithful service Lazaro de Mello Brandao, the eldest serving bank chairmen on Earth, is stepping down from his post at Banco Bradesco SA. Banco Bradesco is Brazil’s second largest market valued bank, Brandao started working there when he was 16 as a clerk. Now the company that has only had two chairmen in its successful tenure will be searching for a third.
Brandao served as chairman from 1981 to 1991, and will be replaced by acting CEO Luiz Carlos Trabuco. Trabuco will serve in both chairman and CEO until a new CEO is chosen in March. For the time being Bradesco SA will be caught up in a succession race, as prospects for new CEO’s are weighed and measured. Although Brandao is stepping down as chairmen, a decision that he made himself according to recent interviews, he will still manage some of Bradesco’s holding companies.
During Brandao’s tenure he created a management culture of internal promotion. Starting as a low-level clerk himself, he realized the importance of promoting within. Instead of outside talent that had to be read in to the inner workings of the company, successors would be individuals that had served for years. In his absence, Bradesco will be utilizing that formula to choose Trabuco’s replacement. The next CEO will come from the current ranking executives serving Bradesco. Currently there are seven and each is more than qualified for the open position. Here are some of the candidates:
Alexandre da Silva Gluther: 57, serves as chief risk officer. He took part in Bradesco’s purchase of HSBC holdings, the largest acquisition to date costing $5.2 billion dollars.
Domingos Figueiredo: 58, serves in the treasury and lending departments. He was also a key figure in the HSBC acquisition. He has been a part of the company since 1981.
Mauricio Machado de Minas: 58, serves in the IT department. Responsible for a digital-only version of Bradesco.
Marcelo de Araujo Noronha: 52, responsible for Bradesco’s corporate and investment banking.
Josue Augusto Pancini: 57, responsible for the bank’s branch network as well as its high-end divisions.
Octavio de Lazari: 54, leads the insurance section, produces a third of the bank’s results.
Read more on economia.estadao.com.br
Last year Banco Bradesco changed the maximum age for its CEO’s to 68 allotting Trabuco time to make his decision. Like Brandao, Trabuco began working for Bradesco as a clerk. Starting at age 17 it took 15 years for Trabuco to gain a management position as a director of marketing. In 1992 he became CEO of one of Bradesco’s privately owned companies. In 1998 he became managing director of Banco Bradesco and climbed the ladder to CEO from there. In 2009 his 40 years of service to the bank finally paid off and he became the 4th CEO Bradeso has ever had following the death of the 3rd. Now the graduate of Sciences and Letters from Sao Paulo de Marilia with a postgraduate degree in Socio-Psychology gets to choose the 5th.
The succession is part of a strategy for the bank. To ensure Banco Bradescos survival and continuity many believe that refreshing the bank’s board is key. New leadership ushers in innovations, and the choice of CEO will ultimately take the bank in a new direction. Many favor Mauricio de Minas as his experience in IT bode well for future endeavors. As technology advances and more things become digital, having someone at the helm who understand that world may be vital. Whatever the choice, Bradesco plans to stick around for quite some time. Their choice will reflect that.
Learn more about Luiz Carlos Trabuco: http://www.valor.com.br/financas/5153264/bradesco-novo-presidente-saira-do-corpo-executivo-afirma-trabuco
If success is measured in the amount of money earned, Logan Stout would not care to be successful. But if it is measured by the number of people that one has helped, Stout is very successful. The creator of famous nutritional company called IDLife works to promote healthy choices.
After starting his business, some of the first customers to take part in his company did so due to his communication skills. Stout spends his free time as a minister, and he travels around the country to give motivational speeches. This has enabled him to speak with thousands of people who are all looking to improve their habits.
Stout also allocates a lot of his time to “Dallas Patriots”, a baseball team he founded. Currently, this team is one of the biggest ones of its sort. Here, Stout works with children who share the passion for the sport, and he helps give them encouragement that they might be lacking elsewhere.
IDLife however, is the main objective of this successful entrepreneur. The key component that differentiates the supplement company, from the majority of other generic brands, is its custom-made programs. People can only purchase products products after completing a certified assessment. This ensures that their particular body type, goals, pre-existing conditions, and more, are taken into account. Then, the company will custom-make every single supplement that they need. No unnecessary products will be included in the bundle as is often case with other companies.
To further innovate his business, Stout has also partnered up with a company called “Garmin”. The purpose of the joint venture comes form creative products that Garmin manufactures. These include activity trackers that one can use to achieve their health goals. As IDLife works within the same market, having a chance to sell some revolutionizing gadgets will help them grab more market share and impact more people.
Logan Stout started his career in construction. After working a job that he did not enjoy, he switched to the supplement industry. He has been thriving ever since starting his company IDLife, which now serves millions of people and helps them achieve healthier lives.
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Livio Bisterzo is an Italian entrepreneur who is currently living in Los Angeles, California. He was born in Italy but soon moved to the United Kingdom is 1999, where he studied. He attended the University of the Arts in London, and started his business venture in 2003 by establishing an events business. His ventures built up his portfolio, and in just a few years, magazines have been covering his success. He was even nominated to be a part of 1000 most influential people in London.
Livio Bisterzo continues to invest in different business, including a high end men’s grooming skincare line and a Danish beverage business. He decided to move into the United States in 2016 and started anew. Livio Bisterzo founded Green Park Holdings, which aims to provide quality and healthy snacks to the American market. The first brand that his new company introduced was HIPPEAS, an organic chickpea puff snack that would soon be available on grocery shelves across the country.
HIPPEAS is a light and crunchy snack that was made from 100% organic food materials. The company boasts of its health benefits, and it comes into six different flavors: Far out Fajita, Pepper Power, Happenin’ Hickory, Maple Haze, Vegan White Cheddar, and Sriracha Sunshine. Livio Bisterzo, the company’s founder and Chief Executive Officer, is very positive that HIPPEAS would become the new craze in the market, with plans of introducing it to other countries as well.
Livio Bisterzo, they would integrate the “taste good” and “do good” philosophies into their products. Aside from being a delicious snack, HIPPEAS is actually helping people in Africa by partnering with Farm Africa, a charity that aims to put an end in the malnutrition problem in Eastern Africa. For every HIPPEAS product that will be sold, a portion of its sales would go to the charity, and the money that will be raised would be used to support farmers growing chickpeas.
Livio Bisterzo states that people who are going to buy their product will definitely feel great after knowing that they helped someone on the other side of the globe, aside from taking a bite of this new, tasty, revolutionary snack.
Follow Livio Bisterzo on Twitter.