Luiz Carlos Trabuco Cappi with his low key style and effective leadership skills has been adding value to Bradesco from the time he joined the financial giant in 1969.
Entrepreneur of the year in 2015 for the closing of a $5.2 billion deal, the largest that year, Luiz Carlos Trabuco Cappi has announced the new president will be Octavio de Lazari Junior. Luiz Carlos Trabuco Cappi also detailed the retirement of Lazaro Brandao. Mr. Brandao has shared 75 years of his life helping Bradesco establish itself as fixture in the banking and financial services sector.
Lazaro Brandao has been Chairman of Board of Directors for 27 years, with his retirement Luiz Carlos Trabuco Cappi will be Chairman of the Board, and President until the Ordinary General Meeting scheduled for March 12th 2018. The board had been contemplating the next president for quite some time, but did not want to rush the decision process. Lazaro Brandao extended the age restriction from 65 years to 67 to allow more time with Luiz Carlos Trabuco Cappi still the official president while the board went through this process.
Read more: Bradesco anuncia substituto de Trabuco
Octavio de Lazari Junior will be removed from his current position on the Board of Directors, which he was elected to in 2012. Octavio de Lazari Junior attended Faculty of Economics and Administrative Sciences of Osasco and earned a Graduates degree in Economics. Wrapping up his academic career with a specialization in Financial Strategies and Marketing Fundacao Instituto de Administracao, Octavio de Lazari Junior began his path to the president in 1978. Octavio de Lazari Junior would be an Agency Manager before becoming the Director of Credit at Bradesco. Octavio de Lazari Junior, while Director of Credit focused his department on medium and smaller companies. Mr. Octavio de Lazari Junior would, in 2010 become the Department Director of Loans and Financing. It was in 2012 Octavio de Lazari Junior joined the Board of Directors, and now that he will be president must step down according to Luiz Carlos Trabuco Cappi.
Before his almost ten years as the president, Luiz Carlos Trabuco Cappi was the Chief Executive and Vice President of Bradesco. Luiz Carlos Trabuco Cappi also was the Executive Director and President of Bradesco’s private pension company, a position he held from 1992 to 1998. Keeping with the tradition of hiring from within, and the culture that encourages advancement, appointing Octavio de Lazari Junior was best choice for the company announced Luiz Carlos Trabuco Cappi. Mr. Luiz Carlos Trabuco Cappi also revealed the announcement of Octavio de Lazari was not a popular one, despite his impressive resume.
Luiz Carlos Trabuco Cappi is optimistic about the choice made for the next president and has full confidence in Mr. Octavio de Lazari Junior’s ability to be an effective leader. Mr. Trabuco Cappi went on to share his optimism with the future of credit in the economy do to the recent GDP growth of Brazil. Lazaro Brandao pointed to the need for labor reform as the true solution to help improve the Brazilian economic situation.
Find more about Luiz Carlos Trabuco: http://economia.estadao.com.br/noticias/geral,bradesco-anuncia-substituto-de-luiz-trabuco-na-presidencia-do-banco,70002178384