Bradesco, one of the largest private banks in Brazil has been experiencing a number of changes in its higher level management. The changes have begun setting in because of the retirement of one of the more well-known members of the company. As of October last year, the person serving in the position of chairman of Bradesco came forward to announce that he would be retiring from his position. The chairman served in this position for over twenty-five years, and now, upon completing ninety-one years of age decided that it was time for him to retire and pass the torch onto someone else.
Because of this retirement, the board of directors at Bradesco were then forced into a position wherein they would have to elect someone new to the position of chairman at Bradesco according to g1.globo.com. Bradesco has always been a company to follow a range of customs and traditions, which is why the person who was going to be elected to this position was supposed to be from within the company itself. Bradesco has held onto the practice of only selecting people to higher positions within the company who have been working with the company for a considerable amount of time, and who knows the company well. Because of this, the person who would be selected as the chairman of the company would at the time be holding another position within the company.
After evaluating all of the potential candidates for these positions, Bradesco’s team of directors decided that Luiz Carlos Trabuco Cappi would be the best fit for this kind of a position. There were several reasons why Trabuco was chosen to be the leader to the company, and many of those were because of the contribution that Trabuco had towards the company during the time that he served as the President of Bradesco. Trabuco first took on this position in 2009, which was when the company stood as the second largest private bank in the country. Over the years, he implemented some changes that improved the workings of Bradesco, and the services that they provided.
Because of the impact that Trabuco had on the overall workings of the company, the board of directors saw no one better than him to take on this position within the company. But as Trabuco was being offered his new post as chairman, his old position of being the President to Bradesco would thereon fall vacant. The position of President followed the same rule as that of the chairman, by which only someone already working within the company would be allowed to take on the position. The board had to once again evaluate all the choices that they had for people who could potentially take on the position of President at the company. After much deliberation and consideration, the board of directors came to the conclusion that Octavio de Lazari should be the one to take on this new position of the President of Bradesco.
Both the leaders have now started performing all of their operations, and the industry is looking forward to the developments that the two new leaders are going to bring to the company.
For more information about Luiz Carlos Trabuco, just click here.