Banco Bradesco SA stated that they would pick a new chief executive officer before Carnival, and they have. Near the beginning of February, Bradesco announced that the current vice president of the company, and president of the Bradesco Seguros group, Octavio de Lazari Junior, will be appointed as the new CEO of the bank. Lazari will continue to act as president of the Seguros group. Lazari has been employed by Banco Bradesco since the age of 15, working with them for nearly 40 years. He is slated to replace the bank’s current chief executive officer, Luiz Carlos Trabuco Cappi, on March 12, 2018.
At the same time as Lazari’s appointment as CEO, the bank will also be appointing its new board of directors, referring to the appointment of Lazari. The new board will be appointed after a meeting between Banco Bradesco’s shareholders. Until the company’s new board of directors begins their first meeting, Luiz Carlos Trabuco Cappi, the company’s new chairman, and its previous CEO will continue to act as their chief executive officer.
Bradesco has released a statement which recognizes Lazari’s accomplishments within the company, both personal as well as professional. His efforts to maintain the company’s success and his role in securing Bradesco’s line of succession have been noted by the bank. Lazari’s role in bringing continued success to the bank cannot be overstated, with his efforts increasing both domestic and international profits substantially. It’s predicted that he will bring Bradesco towards further success from his new position as the bank’s chief executive officer.
Bradesco’s Executive Structure Set to Undergo Additional Changes
In addition to Lazari’s appointment as CEO, Banco Bradesco is undergoing a number of other changes regarding their executive management structure. The company is appointing a number of vice presidents from among their staff, who will form the bank’s new board of directors. The roster includes Josué Augusto Pancini, Alexandre da Silva Glüher, Maurício Machado de Minas, and Domingos Figueiredo de Abreu.
Additionally, one of the board’s current members, Aurelio Conrado Boni, has announced that he intends to resign from his current position on Banco Bradesco’s board of directors.
About Luiz Carlos Trabuco Cappi
The acting CEO of Banco Bradesco is Luiz Carlos Trabuco Cappi. He was the bank’s chief executive officer prior to Lazari and will continue to act in that capacity until Lazari is officially appointed in March. After the previous chairman of Bradesco retired, Luiz Carlos Trabuco Cappi was appointed as his successor, and, since then, has taken on the duties of both chairman and CEO. Before he was originally appointed as the CEO of Banco Bradesco in 2009, Luiz Carlos Trabuco Cappi acted as the bank’s executive vice president. His career with Bradesco began in early 1969, nearly 50 years ago, and he’s brought significant success to the company during his time under their employ. He holds a post-graduate degree from USP’s School of Sociology and Politics as well as having graduated from the University of Sao Paulo.
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