As Luiz Carlos Trabuco Vacates Top Spot At Bradesco, Questions Are Raised About Replacement

Luiz Carlos Trabuco has had a roller-coaster tenure at the top of Brazilian banking giant Grupo Bradesco. The 67 year old CEO, who has spent his entire career with the firm, oversaw a tumultuous period in the company’s life, with the stock price, at one point, dipping to just 20 percent of its 2009 high.

But Trabuco was able to counter the bad performance of his first six years with one of the greatest coups in Brazilian business history. In 2015, Trabuco gained national attention when he led the acquisition of HSBC Brazil for $5.2 billion, in an all cash deal. With one master stroke of the pen, Trabuco had put the ailing Bradesco back on top, turning the tables on arch rival Itau Unibanco and repositioning Bradesco as the clear leader in the industry.

Trabuco’s shot clock runs down to zero

One consequence of the successful completion of the HSBC Brazil acquisition was that Trabuco was granted a series of extensions, which allowed him to work past the normal mandatory retirement age of 65. Now 67, Trabuco’s time has run out. Bradesco chairman Lazaro Brandao has announced that he will no longer be renewing Trabuco’s contract extensions. Instead, Brandao, who is, himself, retiring, has said that Trabuco will take his old position as chairman and appoint a replacement at CEO by no later than March of 2018. Although Brandao is approaching 92 years old, the announcement of his departure did not sit well with all investors, some of whom still clearly harbor nervous feelings about Trabuco’s ability to lead.

But Brandao has stated that he has utter confidence in Trabuco’s abilities and character. And these statements are not without reason. Other than Brandao himself, who first joined the bank at the age of just 16 and rose through the ranks through hard work and talent, Trabuco easily ranks as one of the most influential employees of Bradesco in the bank’s history.

Read more: Bradesco to Choose Board Member as New President, says Trabuco

As many will freely acknowledge, Trabuco’s performance in his first six years as CEO are largely a product of the macroeconomic and competitive environment that he inherited. It is unlikely that any other CEO could have made better lemonade out of the particular lemons that Trabuco was handed. Some say that Trabuco could have done more to prevent the merger of Itau and Unibanco. But there is little evidence for this assertion.

However, Trabuco arguably accomplished more in his time at Bradesco before assuming the bank’s top spot than he did while CEO. As the president of the marketing department, in the early 80s, Trabuco was responsible for modernizing and streamlining the bank’s marketing and public relations efforts. This paid off handsomely, as Bradesco was attracting clients at rates never before seen by the time Trabuco left the position.

He was then promoted to the head of the firms fledgling financial planning division. There, he grew the unit from relative obscurity into a business line accounting for almost one third of the corporation’s total profits. The unit continues to be a major driver of profits to this day.

Later, Trabuco was again promoted to the head of the bank’s insurance division. There, he was able to more than double the division’s output, allowing it to become the single largest underwriter of retail insurance policies in the country. All of these accomplishments had major and lasting effects on the profitability, growth and business philosophy of the company.

It is by looking at accomplishments like these that it becomes easy to conclude that Trabuco is, as Brandao explicitly put it, the right man for the job. There is little question Trabuco will make an apt chairman.

Search more about Luiz Carlos Trabuco: http://www1.folha.uol.com.br/mercado/2017/10/1926043-lazaro-brandao-sera-substituido-por-trabuco-no-conselho-do-bradesco.shtml

How Sweetgreen Is Different From Other Restaurants

Sweetgreen is a salad fast food chain which features food that is healthy, organic, local, and fresh. It has become a highly successful chain that now has 40 locations in the Northeast as well as in California.

One of the co-CEOs of the company, Nathaniel Ru, has said that their goal is to feed people better food than what is available at other fast food and casual restaurants.

Sweetgreen was the brainchild of Nathanial and two other Georgetown University graduates. They started the first restaurant near Georgetown University during their senior year.

In addition to serving healthy food they are also different from other restaurants in a number of ways. They close their corporate office locations five days every year so that everyone can work those days in the restaurants.

This keeps them closer to their customers and more in tune with what they want. Another way they are different is that they don’t have a corporate headquarters and instead the co-CEOs operate out of a few different locations on both coasts.

Nathanial Ru and his business partners, Jonathan Neman and Nicolas Jammet, came up with the idea of Sweetgreen when they noted that there were no restaurants offering healthy food around Georgetown University.

They launched the first location in the area and it turned out to be highly popular not just with other college students but other people in the area as well. When they continued to be very busy during winter break, when most students are out of town, they knew they had a successful business on their hands.

One of the rules of Sweetgreen that Nathanial Ru set was the all of the food they serve customers must come from local farms. They serve a wide variety of salads, not just those made with regular lettuce.

In California, they sell broccoli greens which are the leafy and very nutritious part of the plant that most people didn’t even know existed.

In addition to Sweetgreen, Nathanial Ru launched sweetlife in 2010. This is a music festival combined with a food festival that is held each year. Nathanial Ru says that, like the restaurants, it is a carbon-neutral affair that features sustainably grown food.

At these events, there are food trucks as well as farmers on hand selling their produce. A large number of musicians take part in sweetlife including both established artists and up and coming bands.

Dr. Clokie: Bone Regeration in Toronto

Dr. Cameron Clokie specializes in Oral and Maxillofacial surgery and was a professor for years before developing an interest in the bone regeneration field of medicine.

Cameron Clokie is the CEO of Induce Biologics Inc. where their main point of research is musculoskeletal reconstruction. During his time as a professor at Toronto University, he held several positions on advisory boards and prestigious companies and continues today.

When it comes to the topic of regenerative medicine, he is a reputable source with a wide range of knowledge on the field. Dr. Clokie is highly passionate about the lucrative advancement of the field, as well as passing the baton of science properly to young minds in shaping of the next generation of Doctors. Read more: Canadian Doctors Like Cameron Clokie Are The Innovators Behind The New Era of Regenerative Medicine

It’s easy to underestimate the importance of our musculoskeletal structures. In fact, most don’t even think about it until one day they are stricken with a very serious debilitating disease.

Crunchbase revealed that Dr. Cameron Clokie understands the implications of these diseases and how serious they are for those afflicted. Through his beneficial endeavors to ensure patient comfort and satisfaction, he actively is engaged in perfecting the science of regenerative medicine and furthering development of such a complex field.

With such a prominent dedication and passion for understanding the subtle nature of regenerative medicine, Dr. Clokie is well versed and actively engages clients with sympathy and a wealth of effective strategies. His many achievements in the field secure his validity and advanced knowledge of musculoskeletal treatment. His professionalism is to be admired, especially in the face of the plethora of diseases he combats on a daily basis. Learn more about Cameron Clokie: http://www.fundacity.com/cameron-clokie

Dr. Clokie is also a successful entrepreneur, giving his knowledge and professional counsel for those in need. He has sharpened his understanding over his years of research and has proven his reliability consistently with a remarkable passion.

His career has also consisted of many impressive published articles and scientific journals that have ranked him as one of the elite regenerative medicine experts. To this day he actively teaches and collaborates with colleagues in developing effective new approaches to the field. His main focus, healing the desperately sick!