Category Archives

2 Articles

Business/Global Company/CEO

Luiz Carlos Trabuco – What’s Next for Bradesco?

Posted by eastcoop on

Banco Bradesco is the third-largest bank in Brazil, and the man in the spotlight, Luiz Carlos Trabuco is the current Vice Chairman of the Board of Bradesco, as well as its CEO. Having worked for the institution for over 45 years, he was named CEO in 2009, after the retirement of Márcio Cypriano and joined the list of top 100 most influential Brazilians in the country. He’s the fourth person to be President since the banks inception in 1943.

Who is Luiz Carlos Trabuco?

Luiz Carlos Trabuco was born in Marília, Brazil, on October 6th, 1951 and as opposed to the norm, he decided to further his studies by earning two degrees rather than go to work directly after secondary school. At only 18, he achieved this impressive feat and received his two degrees, a degree in philosophy from the University of São Paulo and postgraduate studies in socio-psychology.

His Dedication and Long Career to Bradesco

He began working at Bradesco in 1969, as a clerk at Marilia’s agency, the bank’s first branch office in 1943 and two years later, he moved to São Paulo to work at the headquarters. He became the director of marketing in 1984 and was party to modernizing the bank’s publicity since he was at the helm of the marketing board and his work at Insurance section in 2003, was a stepping stone to his rise to the presidency. He also served as an executive director and president of Bradesco’s private pension company between 1991 and 1992.

He is arguably responsible for the exponential growth of Bradesco in 2015 after seeking out the purchase of HSBC Holdings’, Brazilian branch of operations. This lump sum transaction added to Bradesco six years’ worth of growth. This powerful financial move further solidified Luiz Carlos Trabuco’s name as one of the most astute and prominent executives in the entire South American continent. Furthermore, Trabuco was chosen “Entrepreneur of the Year” in Finance category by Isto É Dinheiro magazine.

After to the acquisition, Bradesco reopened the fight for leadership in the private sector and is likely to outshine its major competitor Itaú Unibanco in three aspects of banking: the branch network, number of account holders and total investment funds. Moreover, it is closely gaining on its rival’s assets, deposits, and loans granted.

Many executives find their way into high-ranking positions by being hired from another company or outside the organizational structure. Luiz Carlos Trabuco earned the dual role of Vice Chairman of Bradesco’s Board of Chairmen and President of the entire bank by merely remaining with the bank for his whole career, having started when he was only 18, way back in 1969.

Who is in the running for the Presidency of the bank?

According to inside sources, Bradesco vice presidents including Mauricio Minas, Octavio Lazari, Alexandre Gluher, and Josué Pancini are seen as possible CEO candidates within the bank’s board of directors.

What next for the Giant Financial Institution?

Luiz Carlos Trabuco told reporters on Wednesday this week that Bradesco will probably choose a new Chief Executive Officer from internal candidates. He will temporary hold both the CEO and chairman posts at Bradesco, after Lázaro Brandão, the outgoing chairman announced his retirement on Tuesday. He also added that the ban

Luiz Carlos Trabuco arguably remains the man to k would announce a new CEO 30 days before the bank´s shareholder assembly in, these coming years. Let’s wait to see what he will achieve next for the giant financial institution.


Global Company

Mr. David McDonald The President Of OSI Group

Posted by eastcoop on

Mr. David McDonald studied at Iowa State University between 1983 and 1987. He acquired a degree in Animal Science and started his career in the OSI Group, and since then, he has occupied several positions throughout his tenure. Currently, he serves as the President and the Chief Operating Officer of the OSI Group. Before this, he served as the Project Manager of OSI Industries. He is also the Chairman of the North American Meat Institute and has been an independent Director of Marfrig Global Foods S.A. He became an Independent Director after Marfrig had acquired the operation of the OSI group in Europe and Brazil.

About The Company

OSI Industries deals with the supply of value-added protein items like beef patties and sausage links. It also deals with pizza and sandwiches supply to leading retail and food service brands. It operates 50 facilities in over ten countries, and its headquarters is based in Aurora.In China, it has been in operation for a total of 20years, and as China’s economy grows, it also grows with it. It has eight factories across China with two other facilities under construction. China has been the main focus of the OSI Industries; this is according to Mr. McDonald. He added that it had been their primary focus because it has the leading consumer market in the world and Her population is still growing rapidly.

Apart from China OSI group has opened up processing plants across the globe. Recently it broke the ground on a beef factory in Poland to replace an existing plant to boost the production. Recently OSI Group under Mr. McDonald opened up a modern feed mill in Shandong Province which will have a production that is estimated to a capacity of 600,000 metric tons.

OSI Group have opened new plants in Geneva and added a high capacity line in Hungary.In his statement, Mr. McDonald says that offering much to the customer is not only limited to high production capacity but also product development.

What Mcdonald Said Regarding Acquisition Of Baho Food

In his statement relating to the acquisition of Baho foods, he stated that it had given the OSI Group a broader presence in the larger Europe. He added that the OSI Group current strength of processing goods had been complemented by the acquisition of the Company’s products.

Read more: OSI Group Buys Former Tyson Foods Plant in Chicago.