Bradesco has announced a change in leadership, as the organization brings in Octavio de Lazari, Jr. to take the place of Luiz Carlos Trabuco. While Mr. Trabuco will no longer be president of the bank, he will still head up the board as the president for awhile longer. Arrangements have been made for Luiz to stay in charge if the bank’s executive board, until they meet again. The Ordinary General Meeting (AGO) marks the completion of Mr. Trabuco’s duties in that regard.
In a statement released by Bradesco, the financial institution explained that they have an established method for selecting each new president. In appointing Octavio de Lazari, Jr., Bradesco’s own Succession and Appointment Committee pursued that procedure, following Lazari’s nomination. The change in the organization’s president was officially announced at a board meeting, prior to releasing the news publicly.
Sources close to the situation have stated that Lazari wasn’t the expected favorite to take over in Luiz Carlos Trabuco’s place. There were seven individuals vying for the position and many believe Octavio de Lazari, Jr. was the least favored candidate. Instead, Mauricio Minas was expected to receive the appointment, especially considering his expertise in relation to the tech sector.
Yet, Bradesco stands by the decision. In a second statement, they expressed confidence in Mr. Lazari’s ability to take on the presidency of the organization. Lazari is expected to fulfill his duties with distinction, continuing to promote the bank’s exceptional global reputation. Under his leadership, Bradesco is expected to continue to grow and to deliver the best of services to customers around the world.
Read more: Novo presidente do Bradesco substituirá Luiz Trabuco dia 12 de março
Prior to his appointment, Octavio de Lazari, Jr. served Bradesco as an executive vice president. He also serves as the Bradesco Seguros Group’s chief executive officer, a position he will continue to occupy. Mr. Lazari holds a degree in economic sciences and a specialized degree in financial strategies and marketing. Octavio was also enrolled in the Advanced Management Program at IESE Business School. The program was hosted at the University of Navarra, which is located in San Paulo.
Luiz Carlos Trabuco served as Bradesco’s president since 2009 and, prior to that appointment, he also served as an executive vice president. He’s also the chief executive officer of Bradesco Previdencia e Seguros SA. Trabuco’s history with Bradesco can be traced back to 1984, when he served as a departmental director for the next 8 years. By 1999, he was appointed to the position of vice president.
Before coming to Bradesco, Luiz Carlos Trabuco worked at ArcelorMittal Brasil S.A., where he was on that organization’s management board. From 2009 through 2010, Mr. Trabuco also was employed as a non-executive director at Banco Espirito Santo SA. Additionally, he served on the board at Brazilian Association for Listed Companies (ABRASCA) beginning in 2000 and remained in that position for the next three years.
Prior to beginning his career in finance, Mr. Trabuco attended the University of San Paulo. While there, he studied philosophy, science, art, and languages. He remained at USP to pursue a post-graduate degree from the School of Sociology and Politics.
Search more about Luiz Carlos Trabuco: http://www.valor.com.br/financas/5306443/bradesco-anuncia-octavio-lazari-no-lugar-de-luiz-carlos-trabuco