Tony Petrello Supports Medical Initiative

Tony Petrello is popular for his position as the CEO of Nabors Industries. Although this is the position that many people recognize him with, there is another role that he plays in the society that has even higher clout. Tony Petrello is involved in philanthropy. His activities in charity work have attracted the attention of the people. He is turning heads by supporting key projects that touch the lives of many people around the world.

The CEO has been generously giving to the community by donating to various initiatives which are vital to the growth of the community. Tony who is married to Cynthia has been working closely with his wife in rolling out some of the activities that touch on the field of philanthropy. One of the big initiatives that he has made is to support the development of the first research and treatment center for neurological diseases in children known as Jan and Dan Duncan Neurological Research Institute. This is a facility located at the Texas Children’s Hospital.

Read more: The Real Story Behind Anthony Petrello’s Success as CEO of Nabors Industries

Tony and Cynthia have pledged to support the facility further by donating $2 million more. Already, they have contributed $5 million which has gone to the development of the facility and hiring of top doctors and surgeons from all over the world. The facility is hoping to learn what causes neurological disorders in children. Tony Petrello supported this facility after learning that there was no research conducted in this area of medical health. With the donations he has made, children who suffer from this condition will now get access to better treatment from top doctors.

Tony and Cynthia Petrello remain dedicated to the cause of supporting this facility. They have been leading fundraising campaigns for the facility so that it can become an established center that will accommodate children from all parts of the globe. In one of the fundraising they conducted, over $500 million was received. With proper financing, the doctors and surgeons ill concentrate on finding a cure for this problem.

Tony Petrello is passionate about this cause because his daughter is one of the children who suffer from this condition. He was born with a neurological disorder which later developed into cerebral Palsy which made her lose coordination capabilities. She cannot perform body movement exercises, and this is the reason Tony Petrello want to find a solution for the needs of children who suffer from this condition. He hope that her daughter and other children who suffer from this condition will get reprieve.

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Luiz Carlos Trabuco Cappi’s Statement After The Appointment Of Lazari Junior As The New President Of Bradesco Bank

It is now three months since Bradesco bank, the second largest bank in Latin America announced the new president of the bank. The person chosen to replace Luiz Carlos Trabuco is none other than Octavio de Lazari, the former CEO of Bradesco Seguros. The new president of Bradesco bank was appointed following the stepping down of the former chairman towards the end of last year.

When Lazaro Brandao resigned from his post as the chairman of Banco Bradesco, he appointed Luiz Carlos Trabuco Cappi as the new chairman. Luiz Carlos Trabuco Cappi was allowed to stay in the presidency until March this year when the appointment committee announced the new president of the bank. The Brazilian banking regulations do not allow an individual to serve in the two offices for more than ninety days.

The appointment and succession committee at Bradesco bank had a huge task of eliminating the candidates who had expressed their interest in succeeding Luiz Carlos Trabuco. Among the people who presented their CVs for consideration include seven vice presidents who already serve in the bank in various departments.

However, no one had foreseen the appointment of Octavio de Lazari as the replacement for Luiz Carlos Trabuco Cappi. But the new chairman defended the appointment of Lazari junior saying that it followed the due succession process as laid down in the bank’s regulations. He went ahead to note that Octavio de Lazari will need to work extra hard to ensure that the bank maintains the lead.

Read more: Bradesco: New president to leave executive body, says Trabuco

The two gentlemen sitting at the helm of Bradesco bank have a huge task of ensuring that they maintain the legacy left behind by Lazaro de Mello Brandao, the former chairman of Bradesco bank. But considering their performance in the past, both Luiz Carlos Trabuco Cappi and Octavio de Lazari are expected to significantly improve the performance of the bank as they have been doing in the past.

Octavio de Lazari previously worked in the credit section of the bank. He managed to turn around the performance of the credit division of the bank, which prepared for the appointment for the position of the CEO of Bradesco Seguros Group. Fortunately, he met that the Pensions and Insurance division was already performing well after Luiz Carlos Trabuco Cappi introduced numerous reforms.

Bradesco’s performance in 2017
Even with the massive managerial restructuring in the bank, Bradesco still managed to perform well. The company closed the year with revenues amounting to $76.3 billion Reals. The figures announced by the bank had increased by 6.8 percent compared to what the company announced in 2016. Bradesco is the second largest bank in Brazil.

Right now, CEO Luiz has directed his energies towards economic reforms that will help the banking industry to thrive in the coming years. Recently, he was quoted supporting the reforms of the pension scheme in the country. Experts say that the Brazilian pension scheme is one of the most generous in the entire world. Currently, it is eating a huge chunk of the federal government’s revenues leaving little money for development. If it goes unchecked, it might cause a grave economic standstill in the country.