It is factual that organizational change can occur for plenty of reasons including a merger, acquisition, accommodating growth, the resignation of a leader or shift in the business model. Whatever the reason, organizational change is always difficult for employees. Moreover, it can either weaken or push you to your bottom line. Therefore, before announcing the impending change to your workers, you need to try and fit in their shoes to understand their reaction to your proposed plan. As with Banco Bradesco, organizational change caught the employees unawares when Brandao de Mello decided that it was time to introduce a new leader to the firm. A scion of success, a dedicated leader and a role model to the employees, Brandao had been part of Banco Bradesco for about three to four decades. In his reign, he nurtured young leaders into revolutionary team leaders who can now walk in his shoes by making some of the most critical decisions that would control the operations of the bank.
As he resigned, one aspect was clear; he aspired for the next president to be elected from the existing pool of employees. According to him, that would help the bank to focus on accomplishing its goals just like in the past. Furthermore, it was important to create more leadership roles for the already chosen leaders within the institution. By insisting that the management elevates one of the employees, Brandao de Mello was challenging the bank to embrace its own by motivating its employees. Well, to cement his authority and the culture he fostered for some time, Brandao de Mello selected a successor from within the bank. Luiz Carlos Trabuco Cappi it was.
The Incumbent President
The election of Luiz Carlos Trabuco Cappi did not come in a surprise. Having joined the organization in his youthful years, it was time to prove that he could live up to the simple task of becoming a president for a short while. Besides, he was already serving as the CEO. Therefore, the election to serve as president for about four months was just an additional task to his chore responsibilities.
The New President
When Luiz Carlos Trabuco Cappi took over, one thing was clear. He was to oversee Brandao de Mello’s responsibilities before a president was elected. Therefore, after serving for some time, he contributed to the election of Octavio de Lazari, the vice president of the bank. Apparently, Octavio Junior had also been part of the bank for many years. With that said, his election was based on his past experiences as a junior associate and his multiple promotions that saw him rising the ranks of leadership into becoming the president.
The succession of leadership transitions at Banco Bradesco has contributed to its growth in one way or the other. With that said, Luiz Carlos Trabuco Cappi has been pretty instrumental in helping the employees to accept these changes. Not only did he accept to step in and serve as president when Brandao de Mello left. But he also promised to see to it that Octavio de Lazari settles in as the president.
You may also read https://www.terra.com.br/economia/trabuco-assumira-presidencia-do-conselho-do-bradesco-banco-nomeara-novo-chefe-executivo-em-marco,9fb1d7fe927d7f26678a7543f82f02edw3u6oihm.html if you wish to learn more.