Bradesco has had the same president since 2003, and it was revealed by that president, Luiz Carlos Trabuco Cappi he will in fact, be stepping down after 15 years as the leader of the banking and finance company. Octavio de Lazari Junior has been announced as the new president, and will be made official during the AGO meeting scheduled for March 12th 2018. Carlos Alberto Rodrigues Guilherme will assume the vice president position as part of the coming changes. Luiz Carlos Trabuco Cappi also confirmed the retirement of Lazaro Bradesco.
Luiz Carlos Trabuco Cappi has a lot of information to make public and end speculation as to the future of Bradesco. Bradesco is one the largest financial services companies in Brazil, and has been deploying solutions since 1943. Luiz Carlos Trabuco Cappi, the incumbent president began working as a bank clerk in 1969, and since that time has worked in many of the various capacities of Bradesco. Luiz Carlos Trabuco Cappi was the Director of Marketing in 1984, during the time he projected a more open transparent culture to the media. Luiz Carlos Trabuco Cappi served as the president of Bradesco’s private pension company from 1992 to 1998, and 1999 he became the Vice President and Chief Executive. Luiz Carlos Trabuco Cappi was responsible for increasing Bradesco’s profits from 25% to 35%, from insurance premium revenues alone.
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Luiz Carlos Trabuco Cappi shared there was a little backlash from the some of the board regarding the appointment of Octavio de Lazari Junior as the new president. Octavio de Lazari Junior, began working at Bradesco in 1978. Octavio de Lazari Junior moved his way up the executive later over the years, becoming Agency Manger, before entering the credit division of Bradesco as the Director. As the Director, he focused the division on credit for small to medium sized companies. Octavio de Lazari Junior was promoted to Department Director of Loans and Financing in 2010, and by 2012 he was appointed the Board of Director Officer. Octavio de Lazari Junior would be appointed Vice President and Chief Executive Officer of Bradesco Seguros Group according to g1.globo.com. In addition to Octavio de Lazari Junior’s track record with Bradesco, he is also the Chairman of the Board of Directors of the Brazilian Association of Real Estate Credit and Savings Entities (Abecip). Luiz Carlos Trabuco Cappi stressed that Bradesco has full confidence in Octavio de Lazari Junior’s ability to lead the company to continued success.
Luiz Carlos Trabuco Cappi, discussed the importance of the board to take its time in the selection process, and acknowledge the frustration of the long process, but it is a necessary process to ensure the best choice was made, and that’s what was done. Luiz Carlos Trabuco Cappi also confirmed the retirement of Lazaro Brandao, the 91 year old veteran of the finance and bank sectors. Lazaro Brandao has had a stellar 75 year career contributing to the success of Bradesco over the years. Carlos Alberto Rodrigues Guilherme assume the Vice President of the council moving forward.