Banco Bradesco And Its New Chairman

Lazaro de Mello Brandao, the now-former Chairman of the Board of Directors of Banco Bradesco, retired less than a month ago, on October 11th of 2017. Despite Mr. Brandao not making any hints in media, to employees, or fellow banking industry associates, him being 91 years of age makes it easy for even the most reasonable, non-predictive of people to assume that he would step down at some point prior to 2020, at the very latest.

Mr. Lazaro Brandao was only the second Chairman to serve Banco Bradesco SA since the financial institution was founded in the small town of Marilia in 1943.

Amador Aguiar, the founder of Bradesco, had served the privately-held bank from its foundation in 1943 up through 1990. Mr. Aguiar was forced to step down, citing health issues severe enough to interfere with regular workplace functions.

Luiz Carlos Trabuco Cappi, who is serving Bradesco as the Chairman in the interim, was forced to step down from his regular post as Vice-President of the Board of Directors, as Banco Bradesco rules do not allow any one person to be named both the Vice-President and Chairman of Board of Directors at the same time. Carlos Alberto Rodrigues Guilherme will replace Luiz Carlos Trabuco Cappi in the here and now, and be filling in for Mr. Trabuco until a replacement at Chairman is named sometime in the early months of 2018.

Read more: PDV exceeded expectations, says Bradesco president

Mr. Trabuco is being promoted to Chairman of the Board of Directors, and will not be replaced by any candidates in the upcoming job search. Luiz Carlos Trabuco Cappi will not return to his regular post as Vice-President as soon as the job search is finished.

Mr. Lazaro de Mello Brandao shared not long after announcing his retirement that he had been aiming to resign for several years. However, because he was patient in waiting for an ideal time to resign from his duties as Chairman of the second-largest privately-held bank in the South American country of Brazil, Mr. Brandao was able to extend the working life of Luiz Carlos Trabuco Cappi at Banco Bradesco.

Throughout the entire history of Bradesco, ever since its foundation in 1943, no Chief Executive Officer could be over the age of 64. In 2015, Luiz Carlos Trabuco Cappi turned 65. Lazaro Brandao was able to change the rule, despite having been in place throughout the entire history of Bradesco’s operations.

Mr. Lazaro Brandao found this rule change important because Luiz Carlos Trabuco Cappi had first encouraged the acquisition of HSBC Holdings‘ retail banking unit in Brazil.

In 2014, Mr. Trabuco first had the idea to acquire HSBC Holdings’ operations in Brazil. In 2015, that idea came to life, as Luiz Carlos Trabuco Cappi led Bradesco to purchase the London-based conglomerate’s assets for a whopping $5.2 billion. It was, for this reason, Lazaro Brandao felt it so important to change the age limit rule, as handing the transition of HSBC Holdings’ assets off to another, entirely inexperienced employee, could have resulted in that branch of operations failing to become one with the rest of Bradesco.

Mr. Luiz Carlos Trabuco Cappi made clear that the new candidate, whoever it may end up being, would be hired from within. Banco Bradesco has a tradition – not different from similar traditions at other organizations in the Portuguese-talking, South American nation of Brazil – in which it promotes existing employees to executory roles, including the ranks of Chairman, Vice-President – both positions on the Board of Directors at the financial institution – and Chief Executive Officer, where Mr. Luiz Carlos Trabuco Cappi was placed after four decades with the bank.

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The Walton’s Heating and Air which is Goettl Air Conditioning has acquired a HVAC company. The southern California based Walton’s Heating and Air is a family owned business.The business acquisition will expand the horizons of both companies. Previously GOETTL Air Conditioning presence was only felt in Tucson, Las Vegas, and Phoenix. Currently, the company can also be felt in California also.

According to, the owner of Walton’s Heating and Air, Todd Longbrake has also admitted that Goettl has also assisted his small scale business to grow further. However, when Goettl wanted to acquire Walton’s in early 2015 initially, Mr. Longbrake was a little bit apprehensive. It’s only after Longbrake heard glowing reports of Goettl and its owner Ken Goodrich and other people from HVAC that he made a decision.

The business transaction was completed in the middle of 2015. Nonetheless, Goodrich made the decision to announce it this year due to marketing technicalities and operational issues. Goodrich admitted that Longbrake was absorbed in Goettl’s culture and he was retained in the company as a field supervisor and sales manager. In addition to this, Longbrake has also proved that he has invaluable leadership skills. Goodrich also revealed that he has had to manage various hurdles during the acquisition, but he has endured them due to the importance he knew that Walton’s would offer Goettl.

Although Walton’s was dormant at the time of acquisition, Goodrich decided to acquire it because he believed that it was a valuable platform for business growth. Both companies have similar backgrounds which are rooted firmly on family backgrounds. Currently, Goettl has slightly over 300 employees. However, with the acquisition over 200 jobs are expected to be created especially in Phoenix and Tucson areas where the company enjoys a big client base.

According to the Goettl founder, the firm plans to develop further into Texas and northern California hopefully by the end of 2018. However, their long time plan is to have a presence all over America, see

About Goettl Air Conditioning

Goettl Air Conditioning is a company that deals with heating equipment, superior Air Conditioning systems, air cleaners, humidifiers, Indoor air quality, Commercial HVAC and it also offers repair, replacement and maintenance services. According to, the HVAC service company was started in 1939. It offers its services in the Las Vegas, Phoenix, Southern California and Tucson areas. The company is rooted in providing the best services for its customers in homes and all environmental situations. In addition to this, Goettl also offers drain services and plumbing services through its affiliate company The Sunny Plumber.

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