The resignation of the former chairman of Bradesco bank resulted to a power vacuum that needed to be filled immediately. Luiz Carlos Trabuco Cappi, the immediate president of Bradesco was appointed to replace Mr. Lazaro Brandao. The president position that Luiz Carlos Trabuco previously held attracted a number of applicants, with majority being high ranking executives at Bradesco.
According to Luiz Carlos Trabuco Cappi, the appointment of Octavio de Lazari as the new president of Bradesco bank followed the laid down procedures as established by Bradesco bank and Brazilian banking regulations. Furthermore, his appointment had the blessings of the Board who had thoroughly vetted him before announcing his appointment to the public.
Prior to the appointment, there were speculations that another candidate, other than Octavio de Lazari would succeed Luiz Trabuco Cappi as CEO. Many analysts expected that the hammer would fall on Mauricio Minas who heads the Information Technology department at Bradesco bank. The Bradesco bank board members defended their appointment saying that Octavio de Lazari’s personal merits qualified him to succeed Luiz Carlos Trabuco Cappi.
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A brief background on Octavio de Lazari
Octavio de Lazari, now at 54-years, previously served as the vice president of Bradesco and also the Chief Executive Officer of the insurance division of the bank, a position he held until March 2018. Octavio went to Fundacao Institute of Administration where he studied economic sciences. At the Institute, Octavio de Lazari specialized in Financial Strategies and Marketing. Octavio furthered his education by enrolling in an advanced management program at the IESE Business School in Sao Paulo.
He began his banking career at Bradesco bank in 1978. Octavio worked scaled through the ropes of leadership at Bradesco where he was promoted to the position of Agency Manager. After a few years, Octavio de Lazari was taken to the credit department as the directors. Octavio de Lazari’s main role in the credit section was serve small, medium-scale retail segments and the corporate clients.
After working for a decade in the credit section, Octavio de Lazari was promoted to head the Department of Loans and Finances according to economia.estadao.com.br. After two years, Octavio de Lazari was appointed to serve on the board of Executive officers. In 2017, Octavio de Lazari was appointed as the Executive Vice-president and the CEO of the Insurance division.
What’s next for Luiz Carlos Trabuco Cappi
Luiz Carlos Trabuco Cappi is now the new chairman of the board of Bradesco Bank. He was appointed to fill the position after the former chairman; Mr. Lazaro Brandao penned his resignation towards the end of 2017. Mr. Lazaro Brandao, now 91 years old, had served as the chairman of the bank for three decades. In what is seen as a mythical dynasty, he handed over his roles as the chairman of the board to Luiz Carlos Trabuco.
Just like the former chairman, Luiz Carlos Trabuco Cappi has a proven track record. He started his career at Bradesco when he was a teenager as clerk. Luiz Carlos Trabuco Cappi has seen Bradesco bank grow from a small bank to become the largest bank in Latin America.
Learn more about Luiz Carlos Trabuco Cappi: http://www.valor.com.br/financas/5153264/bradesco-novo-presidente-saira-do-corpo-executivo-afirma-trabuco