In an interview with Luiz Carlos Trabuco Cappi, the current president of Bradesco, details were revealed concerning the recent changes in administration at the finance and banking giant. Luiz Carlos Trabuco Cappi confirmed he would be stepping down as president of Bradesco, made official following the upcoming AGO meeting scheduled for March.
Luiz Carlos Trabuco Cappi was elected Bradesco’s 4th president back in 2003. Under Luiz Carlos Trabuco Cappi’s leadership the banks revenue from insurances alone increased from 26% to 35%. Luiz Carlos Trabuco Cappi, began his career with Bradesco over 40 years as a bank clerk.
Octavio de Lazari Junior will now take the seat as the 5th president. Octavio de Lazari Junior has been with Bradesco dating back to 1978. Octavio de Lazari Junior, confirmed by Luiz Carlos Trabuco Cappi was not the favorite choice of the seven vice presidents on the board currently. Despite the opposition to Octavio de Lazari Junior being appointed, he has enjoyed quite a successful career to this point. Octavio de Lazari Junior attended the Faculty of Economics and Administrative Sciences of Osasco, where he received his Graduates degree in economics. Octavio de Lazari Junior went to Fundacao Instituto de Administracao and received a specialization in Financial Strategies and Marketing. Octavio de Lazari is also the Chairman of the Board of Directors of the Brazilian Association of Real Estate Credit and Savings Entities (Abecip). Octavio de Lazari Junior is also the Executive Officer Vice President and Chief Executive Officer of Bradesco Seguros Group.
Luiz Carlos Trabuco Cappi, went on to explain that sticking to the tradition of Bradesco hiring and promoting from within is a very important when going through these processes. Luiz Carlos Trabuco Cappi confirmed the resignation of Lazaro Brandao, the 91 year old has been with Bradesco for 75 years according to istoe.com.br. Over the years Lazaro Brandao has been an invaluable asset to the company and has played a significant role solidifying Bradesco’s place as a banking and finance powerhouse. Lazaro Brandao has served on the council for 27 years. At the age of 91, with ¾ of a century under his belt with Bradesco, his retirement was expected, but still caught the board “off guard” somewhat. Bradesco recently acquired HSBC. HSBC acquisition required a merger of their 851 branches and thousands of employees was the deciding factor in Lazaro Brandao’s decision to extend the age limit for from 65-67 years, allowing two additional years to get the current climate at a more integration optimal tone.
Luiz Carlos Trabuco Cappi also confirmed, Carlos Alberto Rodrigues Guilherme will be taking over as the new Vice President of the council. Being with the Bradesco since the age of 13 Carlos Alberto Rodrigues Guilherme has gained invaluable experience over his long career.
Luiz Carlos Trabuco Cappi will fill both roles, as the Vice President of the Council and Chairmanship of the Bradesco’s Board of Directors. During the upcoming AGO meeting scheduled for March 12th 2018, Octavio de Lazari Junior will be named officially the president of the council.