As the residing Chief Executive Officer of Banco Bradesco S.A., Luiz Carlos Trabuco Cappi is staying at his executive position until at least March 12, 2018. Being at the head of Banco Bradesco for 9 years, position changes had to occur roughly one year before his ten-year anniversary as CEO. The bank will be bringing in new leadership at this date.
Banco Bradesco is undergoing a new age, where incoming President Octavio de Lazari Junior will be moving up into the postion of CEO. Both of these individuals have a long, postive relationship with the bank, this will only change slightly as this new move is being made. Ending the year of 2017 with revenues in the amount of $76.3 billion Real, it’s hard to say that Banco Bradesco endured much of a struggle during this time.
Although the prior year witnessed growth in this particular sector, there is still a movement happening between Trabuco and Lazari Junior. Many are optimistic of the economy for 2018, as sub interest rates, very calm inflation, and GDP growth between the amounts of 2% and 3% makes a tough argument for a CEO change. However, Lazari does stress how Bradesco has to do better than the years prior. One thing is certain, Lazari and Trabuco both believe in the importance of having good pension reform for the overall benefit of the company.
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Trabuco talks about how the choice of the incoming president took a while to reach a final selection. Lazari happens to be one of seven, the initial choice was weighed by the many experiences that Octavio Lazari has for choice. In the late 1990’s, he was working in the credit area, and his other promotions starting in 2010 made the choice clear for Luiz Trabuco’s successor.
Luiz Trabuco started his banking career and major work at Bradesco on April 17, 1969. Trabuco was also the Managing Director of Banco Bradesco S.A. during March 1999 and when he had much success in the Managing department, he moved to numberous positions throughout. As he was involved heavily in Private Pension plans, as he was also the President of the National Association for Private Pension Plans. During the dates of August 1994 to August 2000 he held this position. It gave him reason to talk about the continuation of pension reform. Octavio de Lazari Junior will accept the position on March 12, 2018, and Luiz Trabuco’s days as CEO will finally come to a close.