Previously, Luiz Carlos Trabuco Cappi was the president of Bradesco and chief executive officer of Banco Bradesco while Octavio De Lazari Junior was the vice president of the bank. Trabuco has held this position for quite some time now. In fact, he was recognized as the entrepreneur of the group and was among the top hundred most influential Brazilians. However, Luiz is supposed to remain in the office as the president of the executive board until the board held its first meeting immediately after the next Ordinary General Meeting. Read more at Ultimo Segundo about Trabuco.
Trabuco was appointed as the chairman of the Board of Directors of the Bradesco group in October 2017. In the same year, he also became the president of the bank. Trabuco started a lending program to help the small business owners. This was a considerable achievement for Bradesco in terms of financial risk.
In this private organization, there is a formal process of succession and nomination. The replacement of Mr. Carlos and Mr. Octavio’s appointment caused some dispute. However, it was endorsed by the Succession and Appointment Committee of Bradesco. Also, the name of the committee is usually supported during the board meeting.
Luiz Carlos held a conversation with the press where he stated that the process of his successor, Octavio De Lazari, had a schedule and was to take place the following month. Luiz also said that the board of council of Bradesco was to be proposed before the assembly. Mr. Octavio Lazari was not a favorite of the seven vice presidents in Bradesco. Many analysts suggested that Mauricio Minas, the head of technology in the company, was to be nominated as the new president. However, the bank has to maintain its line of succession and continuity so that it can continue holding the prominent position it has always held in the international and national financial scenarios.
Trabuco’s long journey in the banking industry has been very fruitful. The strong impacts he has made have helped Bradesco bank to thrive, improve its performance and the services it offers to the Brazil citizens. He has been in the career for more than forty-eight years where he has helped thousands of people. Learn more about Trabuco at Crunchbase.