It is quite a shack up heading toward Bradesco in the next few weeks, confirmed by Luiz Carlos Trabuco Cappi. Luiz Carlos Trabuco Cappi is the 4th and current president of Brazil’s 2nd largest bank.
Bradesco was found in 1943, in Marilia, and since that time it has grown to play major roles in the economic environment in Brazil. Bradesco as the years go by it became one of the prominent banks in Brazil. News of the changes coming to the bank has caused some concern. Luiz Carlos Trabuco Cappi has taken some time to explain the details on the changes and what to expect moving forward.
Luiz Carlos Trabuco Cappi has confirmed the new president is currently part of the Board of Directors, and once appointed he will be removed from the board. Luiz Carlos Trabuco Cappi revealed the next president will be current vice president and chief executive officer, Octavio de Lazari Junior. Octavio de Lazari Junior was one of the seven vice president sitting on the board considered for the new role. CEO Luiz Carlos Trabuco Cappi continued to detail, these was a little dissatisfaction with the choice of going with Octavio de Lazari Junior. Luiz Carlos Trabuco Cappi says during the Ordinary General Assembly (AGO) scheduled for March 2018, Octavio de Lazari Junior will officially be named the new president. Luiz Carlos Trabuco Cappi explained now the vice president vacancy would have to be filled now that there are only six.
According to Mr. Luiz Carlos Trabuco Cappi, Carlos Alberto Rodrigues has been named to be the new vice president replacing Octavio de Lazari Junior. Carlos Alberto Rodrigues, the new vice president has been working with Bradesco back to when he was 13 years of age. Lastly it was revealed Lazaro Brandao, the current Chairman of the Board, and 75 year veteran will be retiring. Lazaro Brandao is former president of the company and his retirement announcement caught everyone off guard slightly. Lazaro Brandao being a 91 year old man, I think everyone knew he would be stepping down, just not during this time.
Luiz Carlos Trabuco Cappi, with the approval of Lazaro Brandao just bought HSBC in 2015. Lazaro Brandao did however extended the age restriction from 65 to 67 allowing Luiz Carlos Trabuco Cappi to make this transition of power at the executive level settle, and integration of Bradesco and HSBC. Now that Lazaro Brandao has retired, and Luiz Carlos Trabuco Cappi wont be president after the AGO meeting, Mr. Luiz Carlos Trabuco Cappi will be both the Chairman of the Board and President until the transitions are complete. Lazaro Brandao says labor reform is needed to really get the economic situation in the country back on track to continued growth. Luiz Carlos Trabuco Cappi is confident with the current growth in Brazil’s GDP, and thinks of it as a positive indicator about the future of credit in the market.
Find more about Luiz Carlos Trabuco Cappi: https://istoe.com.br/octavio-de-lazari-junior-sera-sucessor-de-luiz-carlos-trabuco-cappi-no-bradesco/