Earlier this year, Luiz Carlos Trabuco Cappi, the standing chairman of Bradesco recently came forward to announce that the company had finally selected its new President after much consideration and discussions. The reason Bradesco was put into a situation of choosing a new President of the company was that they had to fill out the position that was previously held by Trabuco.
Before becoming the chairman of the company, Luiz Carlos Trabuco was serving as the President of Bradesco. While he served in the position for several years, the company was in need of a person to take over as the chairman. However, Bradesco has a rule that only allows a person to hold one position within the company, rather than multiple, which is why Trabuco had to give up his previous post in exchange for the new one that he was taking over. This, however, meant that Bradesco would have to choose a new person to be their President, which is what the announcement that Trabuco made was regarding.
Read more: Bradesco anuncia substituto de Trabuco
According to the announcement, Luiz Carlos Trabuco stated that Octavio de Lazari would be taking over as the President of Bradesco. It was an announcement that people in the banking and financial industry were waiting for, owing to the impact that Bradesco has on the economy and the field as a whole. The board of directors were the people in charge of making this decision and were the ones that choose Octavio to take up this important position within the company. Octavio de Lazari had been serving as the CEO of Bradesco for several years before and had an incredible amount of experience when it comes to the field of finance and banking according to infomoney.com.br. His impact on the company as a whole was incredible and was something that would greatly benefit the overall workings of the company. Having been a part of Bradesco for such a long time was another factor that contributed to the decision of making him the President of Bradesco.
Octavio was asked to take on the position, but would only be allowed to start performing his duties post the shareholders meeting at the company. Because of this rule, the company had a period wherein there was no president of the company. Because the President is one of the essential roles within a company, Trabuco was asked if he could take over both the roles, thereby ensuring efficiency at the company.
Trabuco has been working at the company for an incredibly long time and has contributed to the development of Bradesco in more ways than one. He has served at the position of President of Bradesco and has also taken up the position of CEO at the company in the past. He has been able to function incredibly well at all of these positions and has proven to the company and the industry that he can lead a company of this size and standard. Under his guidance, Bradesco has grown extensively and stood as the number one name in the country.