It was announced that the new CEO for Banco Bradesco SA would be decided before Carnival, and that statement rings true. In early February, Octavio de Lazari Junior was announced as Bradesco’s new CEO.
The need for a new CEO stems from prior CEO Luiz Carlos Trabuco’s appointment to the position of chairman. He was appointed as chairman following Lazaro Brandao’s choice to step down after serving 25 years in the position. Until Lazari is formally appointed to the position of Bradesco’s chief executive officer on the 18th of March, 2018, Trabuco will continue to act as the interim CEO as well as the chairman of the board.
Lazari’s initial referral as the chief executive officer will coincide with the first meeting of Bradesco’s newly restructured executive board of directors on the 18th. Over the past few weeks, preliminary changes to the structure of the board have been made in anticipation of the upcoming shareholders meeting whereupon the final structure of the board will be decided.
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The preliminary changes to Banco Bradesco SA’s executive board of directors include a number of structural changes and promotions. Two of the executive directors of the board have been promoted to the position of vice president, along with four new board members being appointed as vice presidents. Two of the bank’s directors have been promoted as well, taking on the new role of deputy executive director. Additionally, Aurelio Conrado Boni has announced his intentions to resign from the board. These changes have begun the process of preparing the board for the new CEO.
Currently, Lazari is working as one of Bradesco’s vice presidents, and he will continue to maintain that position until his official appointment as the chief executive officer later this month. Additionally, Lazari holds the title of president within the Bradesco Seguros group. He will maintain his position with the Bradesco Seguros group following his appointment as CEO of Banco Bradesco. He has worked for Bradesco since he was 15 years old, first joining the bank almost 40 years ago. In order to gain his new position as CEO, he had to come out ahead of several other strong contenders, and he did so with flying colors.
Luiz Carlos Trabuco
After Brandao stepped down from his position as chairman at the age of 91, Luiz Carlos Trabuco was appointed as his successor. Before he was appointed as chairman, Trabuco served as Banco Bradesco’s chief executive officer, a role which he will continue to fill until Lazari’s appointment later this month. He had served as CEO for nine years, first being appointed in 2009. Prior to that, he was serving as a vice president within Banco Bradesco.
Trabuco has been with Banco Bradesco SA for 49 years so far and has spent nearly his entire professional career with them. His immense passion for the bank has allowed him to advance through the ranks and has brought him to his current position as chairman; a position well-earned. His service with Bradesco has consistently helped to bring the company towards success, and it’s expected that he’ll continue to help Bradesco grow as its new chairman.
For more information about Luiz Carlos Trabuco, just click here.