Luiz Carlos Trabuco: Bradesco Appoints New President

Currently the acting Chief Executive Officer of Banco Bradesco S.A. since 2009, Luiz Carlos Trabuco is going to continue to stay in position until at least March 12, 2018. For the past 9 years, Trabuco has been in charge of one of the largest banks in South America and roughly one year before his ten-year anniversary as CEO we have a transition. The new CEO is well known and recommended by Luiz Carlos Trabuco also.

Changes are underway, and Octavio de Lazari Junior will be taking over leadership within the bank. The two have each endured and celebrated a storied history with the bank, and it’s been decided there will be a new CEO. At the year end of 2017, revenue reached R $76.3 billion, to most that would be an excellent year for banking. Also to be noted that this was a rise of 6.8% compared to 2016.

Growth and strong leadership plays a role in many aspects of business between Luiz Carlos Trabuco Cappi and Octavio de Lazari Junior according to valor.com.br. Many who are optimistic of the national economy for 2018, feel low interest rates, relatively calm inflation, and GDP growth between 2% and 3% it makes a tough argument for change. However, Lazari stresses the year 2018 must be better than the year before. Lazari and Trabuco both stress the importance on the Pension program and how it must be kept a priority.

Read more: Sucessão no Bradesco deve ocorrer no primeiro bimestre, diz Trabuco

Knowing that Lazari would be one of seven vice presidents, the choice was weighed by the years of experience he had in order to follow Trabuco. Both men have storied history within the company, and Lazari is hand chosen by his predecessor. From his work in the late 1990’s working in the credit area to his many promotions starting in 2010, the choice was clear for Luiz Trabuco’s choice for new CEO.

Luiz Trabuco started to delve into his profession and early banking activities at Bradesco on April 17, 1969. Serving as the Managing Director of Banco Bradesco S.A. back in March 1999, he then went after success in that department on to various positions throughout the Bradesco. A major involvement in Private Pension plans, as he was the President of the National Association for Private Pension Plans from August 1994 to August 2000, gave him reason to stress the continued commitment to pension reform. Currently his days as CEO will finally come to a close as Octavio de Lazari Junior will accept the position on March 12, 2018.

Find more about Luiz Carlos Trabuco: http://www.meioemensagem.com.br/home/ultimas-noticias/2018/02/05/bradesco-anuncia-substituto-de-trabuco.html

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