Bradesco’s Board Facing Many Changes According To Luiz Carlos Trabuco Cappi
Luiz Carlos Trabuco Cappi has confirmed the changing of administrations on the horizon for the giant banking and financial institution. Octavio de Lazari Junior is the next president of Bradesco. Lazaro Brando will be retiring, and Carlos Alberto Rodrigues Guilherme will named the new Vice President.
Bradesco, one of the largest banking and financial enterprises in Brazil, has huge influence in the economic sector of Brazil. The announcement of so many changes coming to the company has been meet with lots of curiosity and anticipation.
The current president, Luiz Carlos Trabuco Cappi has had an extensive and well-rounded career with Bradesco. Dating back to 1969, Luiz Carlos Trabuco Cappi has grown with the company, beginning as a bank clerk in his hometown of Marilia. Luiz Carlos Trabuco Cappi was appointed the president of Bradesco in 2003, and over the years has lead Bradesco to countless successful situations. Luiz Carlos Trabuco Cappi, shared the appointment of Octavio de Lazari Junior was surprisingly meet with some push back from within the company, despite his successful professional resume. Octavio de Lazari Junior, has a Gradates degree in Economics from the Faculty of Economics and Administrative Sciences, and a specialization in Financial Strategies and Marketing according to jusbrasil.com.br. Beginning his career back in 1978, Octavio de Lazari Junior was the Director of Credit for small and medium sized companies, and became Department Director of Loans and Financing in 2010. Octavio de Lazari Junior would then be appointed to Bradesco’s Board of Directors in 2012. Then in 2017 Octavio de Lazari Junior is the Executive Vice President and Chief Executive Officer of Bradesco Seguros (Insurance) Group. Octavio de Lazari Junior also the Chairman of the Board of Directors of the Brazilian Association of Real Estate Credit and Savings Entities.
Luiz Carlos Trabuco Cappi, also shared he will remain president until the AGO (Ordinary General Assembly) meeting in March. Working for the company since he was only 13 years of age, Carlos Alberto Rodrigues Guilherme will be appointed to the Vice President of the council. The Central Bank requires the new president be named 30 days before the AGO meeting. Luiz Carlos Trabuco Cappi will be Vice President of the council and Chairmanship of Bradesco’s Board of Directors until after the AGO meeting, when Octavio de Lazari Junior will be named the new official president.
Lazaro Brandao’s resignation was also confirmed by Luiz Carlos Trabuco Cappi. Lazaro Brandao, truly a pillar in the Bradesco organization for 75 years, and serving 27 years on the council will be a void virtually impossible to ever fill. Lazaro Brandao is responsible for the extension by two years the age limit of the president, to allow more time, considering Bradesco’s recent acquisition of HSBC. The extra two years afforded the company to ensure the merger of the two companies would be as efficient and effective as possible. Lazaro Brandao, has highlighted, that he thinks true labor reform is needed to bring real sustained improvements to the economy of Brazil, and the need for more political unity.
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