Luiz Carlos Trabuco Cappi Bradesco’s New President Announced AGO Meeting

After almost a ten years Bradesco has announced a new president to lead the banking company. Octavio de Lazari Junior will be replacing the current president Luiz Carlos Trabuco. Octavio de Lazari Junior, who currently is the president of Bradesco Seguros is set to be officially announced as president during the Ordinary General Assembly (AGO) scheduled for March 12th 2018.

Octavio de Lazari Junior had ambitions of playing football, and kind of fell into the banking industry. Octavio de Lazari Junior’s father was one of the bank’s longtime customers, and inquired about the possibility of his son working for the bank according to istoe.com.br. Octavio de Lazari Junior successfully passed a banking aptitude test and the rest is history. Octavio de Lazari Junior, from that point ascended through the ranks of the banking and financial company and is in position to be president in March.

Read more on Valor.com.br

Luiz Carlos Trabuco, bank’s current president revealed details on other changes expected and the processes the board has underwent during these times. Lazaro Brandao, the 91 year old economists is the current Chairman of the Board of Directors, and former president of the company has announced his retirement from the company. Lazaro Brandao will be ending his 75 year career with Bradesco, and Luiz Carlos Trabuco will be the new Chariman. Carlos Alberto Rodrigues has been named the new vice president, to replace Octavio de Lazari Junior.

Luiz Carlos Trabuco and Octavio de Lazari Junior respective careers have paralleled each other as they both have had long careers in different areas in the company, and they both have been president of Bradesco Seguros. During Luiz Carlos Trabuco’s time as president the insurance division Bradesco Seguros doubled in size and accounted for 25% of the market share. Last year Bradesco Seguros, headed by Octavio de Lazari Junior reported revenues of $ 76.3 billion, an increase of 6.8% from 2016, now accounts for 26% of the market share of insurance.

Luiz Carlos Trabuco and Lazaro Brandao are both very optimistic about the future do to the recent growth in Brazil’s GDP, however they both stressed the need for labor reform as a long term solution to economic situation in Brazil.

Search more about Luiz Carlos Trabuco: http://economia.estadao.com.br/noticias/geral,bradesco-anuncia-substituto-de-luiz-trabuco-na-presidencia-do-banco,70002178384

This entry was posted in Business Executive, CEO. Bookmark the permalink.

Leave a Reply