Luiz Carlos Trabuco Cappi set down in an interview to discuss the changes Bradesco has been undergoing over the last two years. Lazaro Brandao then Chairman of the board increased the age limit to 67 giving the board an additional two during these most challenging times.
Bradesco recently acquired HSBC, and to absorb another bank of that size Lazaro Brandao’s decision is what was in the best interest of Bradesco. Luiz Carlos Trabuco Cappi referenced the added pressure by the Central Bank requiring the name of the new president be released 30 days before the AGO (Ordinary General Assembly) meeting scheduled for March 12th 2018. It was confirmed by Luiz Carlos Trabuco Cappi the new president would be Octavio de Lazari Junior, a choice not welcomed by all involved in the selection process. Luiz Carlos Trabuco Cappi stepping down as president, marks the end of an era for the banking giant.
Luiz Carlos Trabuco Cappi got his start with Bradesco in both his and the banks hometown of Marilia in 1969. Luiz Carlos Trabuco Cappi’ initial job was a bank clerk, but he moved to Sao Paulo from Marilia and was the Director of Marketing in 1984. Luiz Carlos Trabuco Cappi as the Director of Marketing, led Bradesco to have a more transparent relationship with the media regarding the operations of the company. Luiz Carlos Trabuco Cappi was the Executive Director and President of Bradesco’s private pension division beginning in 1992 up until 1998. In 1999 Luiz Carlos Trabuco Cappi was appointed Executive Vice President of Bradesco, until 2003 we has appointed the president.
Follow on LinkedIn
Octavio de Lazari Junior will be officially made the president of Bradesco during the Ordinary General Assembly meeting. Octavio de Lazari Junior has been with Bradesco since 1978, where he became an Agency Manager. In 2010 Octavio de Lazari Junior was promoted to be the Director of Loans and Financing. Octavio de Lazari Junior, in 2012 was appointed to the Board of Directors Officers. In 2017 Octavio de Lazari Junior would become the Vice President and Chief Executive Officer of Bradesco Seguros Group. Octavio de Lazari Junior also is a leader at the Braziliam Associateion of Real Estate Credit and Savings Entities (Abecip), he is Chairman of the Board of Directors.
Carlos Alberto Rodrigues Guilherme, has been confirmed by Luiz Carlos Trabuco Cappi as the new Vice President of the council, a position currently filled by Mr. Trabuco Cappi. Dating back to when he was 13 years old has been working for Bradesco.
Lazaro Brandao will to be retiring and this was confirmed by Luiz Carlos Trabuco Cappi. Bradesco hired Lazaro Brandao 75 years, and Mr. Lazaro Brandao has not looked back. The economic professional brings unmatched wisdom and experience to the company and his retirement will be truly missed. Lazaro shared his opinions on the current state of the economic and political environment in Brazil. Lazaro Brandao pints to lack of political unity as a major issue hindering the growth and stability of the economy.
Check more about Luiz Carlos Trabuco Cappi: http://economia.estadao.com.br/blogs/coluna-do-broad/bradesco-deve-anunciar-sucessor-de-trabuco-antes-do-carnaval/