SAO PAULO, Sept 5 Shareholders of Brazil's Banco
Bradesco SA will vote on Oct. 7 on a proposal to change the age
limit for its chief executive to 67 years from the current 65
years, the bank said in a securities filing on Monday.
Bradesco was expected to choose a new CEO next
year to replace Luiz Carlos Trabuco Cappi, who has held the post
since 2009. Trabuco will be 65 in October.
According to a source close to the matter, the change will
allow Trabuco to remain as CEO to lead the bank for two more
years. His replacement would be chosen in 2019, the source said.
In the filing, Bradesco says the new age limit allows the
bank to "take advantage of the professional experience of the
chief executive, especially at the moment of integration of HSBC
Bradesco acquired HSBC Holdings Plc's local unit
for $5.2 billion a year ago. Brazil's antitrust watchdog
approved the acquisition in June.
(Reporting by Tatiana Bautzer; Editing by Alan Crosby)