Luiz Carlos Trabuco Cappi is the Chief Executive Officer of Banco Bradesco, the second largest bank in Brazil. He began his career at Bradesco in 1969, and has since devoted his entire professional life to Banco Bradesco becoming Chief Executive Officer in March of 2003. He has worked all over the company and is very highly respected in the business world.
Bradesco is Brazil’s second largest bank and holds approximately R$ 1.4 trillion (about $430 billion usd) in assets and a credit portfolio of almost R$ 493 billion (about $152 billion usd.)
However, no Chief Executive Officer can last forever. Luiz Carlos Trabuco Cappi is stepping down after 15 years of hard work as president. Bradesco recently released a statement verifying his replacement.
According to a Broadcast Column on January 16th, the name of the new Chief Executive Officer was to be revealed within the next few months. Luiz Carlos Trabuco Cappi later released a statement confirming this and noted that February 10th was to be a deadline for the announcement of the new Chief Executive Officer.
Luiz Carlos Trabuco Cappi’s stepping down was delayed due to an extension to the maximum age limit of the Chief Executive Officer position being changed from 65 to 67 years old. In addition, there was an unfortunate plane crash which killed Marco Antonio Rossi, the original planned successor of Luiz Carlos Trabuco Cappi.
Octavio De Lazari Junior, one of the vice presidents of Bradesco, has been appointed as the new Chief Executive Officer of Bradesco. He beat out the other vice presidents, Maurício Minas, Alexandre da Silva Glüher, Josué Pancini, and Marcelo Noronha, who were also in the running. According to the bank, Octavio De Lazari Junior’s appointment was made according to Bradesco’s specific process of succession and nomination according to jusbrasil.com.br. The decision was also endorsed by the bank’s Appointment Committee. His achivements are substantial and he is well respected by his associates. The bank says they are sure that Mr. Octavio De Lazari Junior will keep Bradesco’s outstanding position in national and international finances will stand strong.
Luiz Carlos Trabuco Cappi will continue his term as Chief Executive Officer according to Bradesco’s timetable. As it stands, he will step down after the regular board meeting on March 12th.
Octavio De Lazari Junior will be assuming command at Bradesco after one of the worst crises the Brazilian financial system ever faced. However, despite the issues, Bradesco was still able to acquire HSBC, another financial service company.
Find more about Luiz Carlos Trabuco Cappi: https://istoe.com.br/octavio-de-lazari-junior-sera-sucessor-de-luiz-carlos-trabuco-cappi-no-bradesco/