Leadership is hardly ever static. As a leader, dynamic aspects must be involved at some point in the journey. Alongside the need to evolve and venture into flexible approaches, an organization must at some point, experience changes in its leadership structures. In such instances, employees react differently. Even so, the success of changes in leadership highly relies on their willingness to adapt to new leadership.
Like in the case of Banco Bradesco where there have been tremendous changes in the executive leadership, employees are urged to trust their team leaders for the smooth transition in leadership. Here is a narrative of how Banco’s employees have been coping with the entire transition;
On the wake of October 11th, 2017, employees of Banco Bradesco woke up to the news of their president resigning. Brandao de Mello, the longest-serving president in the industry stepped down voluntarily. In his resignation, the reasons were clearly appended to the need to allow other staff members to take over. That is when he appointed Luiz Carlos Trabuco to assume the leadership roles of chairmanship until when the bank was ready to elect another president. Regarding this new impending appointment, Brando advised his team to rely on the input of already absorbed employees. His reasons for internal staffing were very obvious; first of all, an already existing president would carry on the duties of Brandao as usual. Secondly, he would emulate his superiors by respecting the existing pool of talent.
The Election of a New President
Luiz Carlos served for a while before deciding to chair the board meeting and hand over the presidency to a new leader. Like any other recruitment process that involves executive leaders, this called for more than one meeting to discuss the future of the firm and the right candidate that would lead Banco into better partnerships and business deals according to g1.globo.com. After a series of meetings, the panel decided to elect Octavio de Lazari Juinor. It is critical to note that his election was appended to his impressive leadership skills, experience and proven dedication to work hard. After the election, Octavio Junior vowed to deliver as expected.
In Correspondence to the Changes
On the other side, Luiz Carlos Trabuco confidently handed over power to Octavio Junior. Although it was clear that he was no longer part of the presidency, he vowed to carry on with his duties while working with Octavio Junior to maintain the banking standard of Banco Bradesco. Additionally, he dedicated time to guiding him through major responsibilities.
As the roles take a new shift at Banco Bradesco, a lot of growth is expected. CEO Luiz Carlos Trabuco is convinced that he shall deliver to the best of his ability. Other than that, it goes without saying that employees at Banco Bradesco have embraced the new leadership by supporting the new pension reform policies chaired by Luiz Carlos
Why Luiz Carlos is maintaining his Post
There is a time when Luiz Carlos Trabuco was meant to step down according to the regulations of the bank. However, he did not as the policies for resignation at his age were amended in his favor. Without a doubt, Banco Bradesco relies on leadership skills to thrive in success.