Bradesco Names New VP And President Luiz Carlos Trabuco Cappi

Octavio de Lazari Junior has been named the new president of Bradesco. Bradesco, founded in 1943, Marilia Brazil has been pillar in the Brazilian economy for many years now. The announcement to replace Luiz Carlos Trabuco Cappi had a ripple effect throughout the financial community, and there were lots of questions as to what would be the next steps for the huge financial services company. The new president Octavio de Lazari Junior has been with Bradesco since 1978 and by 1998 was an Agency Manage. Octavio de Lazari Junior in 2010 was promoted to be the Department Director of Loans and Financing, and in 2012 he was appointed to the Board of Director Officers. Octavio de Lazari Junior would be named the Executive Officer Vice President and Chief Executive Officer of Bradesco Seguros Group.

The incumbent president, Luiz Carlos Trabuco Cappi revealed that not all members of the board were onboard with naming Octavio de Lazari Junior as the new president. Luiz Carlos Trabuco Cappi said Bradesco Octavio de Lazari Junior has the full support of the bank. Luiz Carlos Trabuco Cappi began working with Bradesco in 1969, and his first job was a bank clerk. Luiz Carlos Trabuco Cappi would move to Sao Paulo in 1971 and by 1984 Mr. Trabuco Cappi would become the Director of Marketing at Bradesco. As Director of Marketing, Luiz Carlos Trabuco Cappi sought to improve the public perception of Bradesco, by encouraging a more welcoming and transparent operations to gain the trust, the Bradesco works for the best interest of the public. Luiz Carlos Trabuco Cappi in 1999 would be named the Executive Vice President of Bradesco. Between 1999 and 2005 Luiz Carlos Trabuco Cappi would serve as the Chief Executive Officer, and was appointed to the presidency in 2003.

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Luiz Carlos Trabuco Cappi discussed the processes to appoint the new president are long, but are necessary and promotes good corporate culture. Luiz Carlos Trabuco Cappi actually has his term extended an additional two years to allow more time for the council to go through the process. Bradesco recently bought HSBC, and this was not a time to make hasty decision on something that can have an impact for decades. The Central Bank added pressure, because they require the name of the new president be announced 30 days before the next Ordinary Assembly Meeting (AGO) that is scheduled for March 12th 2018. Luiz Carlos Trabuco Cappi has confirmed the naming of Carlos Alberto Rodrigues Guilherme to be appointed as the new Vice President of the council. Carlos Alberto Rodrigues Guilherme has been a part of the Bradesco family since the age 13.

The retirement announcement of Lazaro Brandao is another change in the power structure at the executive level of Bradesco that will take time to adjust. Lazaro Brandao has been with Bradesco for 75 years, and he been on the council to date for 27 years. Lazaro Brandao, over the years has helped forge a way for Bradesco to be the huge financial services company it is today.

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