Lazaro Brandao recently decided to step down from his position at Banco Bradesco SA. At 91, Brandao was one of the world’s oldest banking chairmen, and, after holding the position for 25 years, this had been a move long expected. His replacement was Luiz Carlos Trabuco, who, at the time, was the prominent bank’s CEO. Trabuco was appointed to the position as soon as Brandao’s resignment was finalized. He took on the position without trepidation and began to work under his new role without hesitation. However, Luiz Carlos Trabuco’s new position meant that someone else would soon have to take the role of CEO, as, until then, he would have to take on the responsibilities of both his positions. The choice was made earlier this month, with Octavio de Lazari Junior being announced as the new chief executive officer. Lazari will be appointed on the 18th of March, 2018.
At the moment, Lazari serves as both vice president, a position which will be forfeited upon his promotion into the role of the chief executive officer; and president of the Bradesco Seguros group, a position which he will continue to serve in. Lazari has had a long history with Bradesco and its subsidiaries, first joining the bank’s staff at the age of 15. His career with them has spanned nearly 40 years.
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Lazari’s appointment will be formally referred to during the new board of directors’ first meeting. Banco Bradesco’s new board of directors will be decided upon during a shareholders meeting prior, however, while the exact composition of the board is still unknown, there have been numerous changes to the structure of the board in recent days.
According to estadao.com.br the board has had four new members appointed to it. These new members have been working with Banco Bradesco for much of their long and storied careers, constantly striving to better serve the bank. The four new members have been given the position of vice president within the board and will continue to serve Banco Bradesco to the best of their abilities. There have been a number of other changes to the board as well, including the resignation of Aurelio Conrado Boni, the promotion of two current executive directors to vice president, and the promotion of two current directors to the position of deputy executive officer.
Luiz Carlos Trabuco
After Brandao’s retirement, the man appointed as his replacement was Luiz Carlos Trabuco, then-CEO of Banco Bradesco SA. Luiz Carlos Trabuco has served as the chief executive officer of Banco Bradesco since 2009. Before he took on the role of CEO, Luiz Carlos Trabuco worked with Bradesco as vice president. He will continue to perform his duties as CEO on top of his duties as the chairman of the board until Lazari is formally appointed as CEO this month.
Luiz Carlos Trabuco has worked with Banco Bradesco for nearly 50 years, his service with them encompassing the majority of his career. His drive to constantly propel Bradesco to new heights had helped to raise him through the ranks, and his penchant for success has aided both him and Bradesco immensely. Renowned both within and without the bank, Luiz Carlos Trabuco wasn’t simply the best man for the title of chairman, he was the only real choice.
Find more about Luiz Carlos Trabuco: http://www.meioemensagem.com.br/home/ultimas-noticias/2018/02/05/bradesco-anuncia-substituto-de-trabuco.html