The Brazilian banking sector is in a much favorable position at the moment, and a lot of that credit can be given to Bradesco, which stands as one of the largest banks in the country. Because of how essential the bank is to the economy and people of Brazil, any changes in the management and its functioning are bound to make headlines. One event that gave the bank a lot of attention was the retirement of the former chairman of the company, Lazaro Brandao, who stood in this post at the company for over twenty years. These changes were essential to the company, which is why there was a dire need for new management to be initiated at Bradesco.
During the period when Brandao announced his resignation, Luiz Carlos Trabuco Cappi was the one who was serving in the position of President of Bradesco. It was a post that Trabuco had been working in for an incredibly long time and was a post in which he greatly helped the development of the company. Having more than 40 years worth of experience in the field and having worked at Bradesco for the entirety of his career, he knew the company inside out and was able to guide them in a manner that was beneficial for the development of the company.
It was during this period that people started to wonder who the next chairman of Bradesco would be. Several articles began to make its way to the public talking about the people who can viably take up the role of chairman, and speculate its new leaders. After several meetings between the board of members, Luiz Carlos Trabuco was given the post of chairman of Bradesco.
Read more: Bradesco to choose board member as new president, says Trabuco
While Trabuco was being offered the position of chairman, it was evident that the board of directors would have to undertake another decision, which was to appoint a new person to the position of President. It was an important role and was something that could not be taken lightly. Moreover, the last few years that Trabuco spent at the position of President have increased the standards for the presidents at the company and the work that they are supposed to undertake. After spending a lot of time considering all their options, the board of directors concluded that they would appoint Octavio de Lazari to be Trabuco’s successor in the position of President at Bradesco.
Octavio had been working for Bradesco for an incredibly long time and had demonstrated a good amount of skill when it came to the work that he had to do. He showed an incredible amount of promise, which is why the board of directors chooses him to be their President of Bradesco.
Even though Bradesco had decided on their presidential candidate in January, Trabuco was asked to keep performing his role of President of Bradesco along with the functions of the chairman of the company. Octavio was allowed to take on his position in March, which happened only after the annual meeting of the shareholders was hosted. The Bradesco Bank, based in Sao Paulo, Brazil, has more than 80 years of operation behind its back. In its lifetime, the financial establishment has had only three leaders until the latest executive took over the business. The Bradesco is the second largest bank in Brazil.
Search more about Luiz Carlos Trabuco Cappi: http://economia.estadao.com.br/blogs/coluna-do-broad/bradesco-deve-anunciar-sucessor-de-trabuco-antes-do-carnaval/