Luiz Carlos Trabuco Takes Bradesco’s Reins As Chairman, Prepares To Appoint Replacement CEO

Luiz Carlos Trabuco has decided on Octavio de Lazari Junior as his successor. Lazari will be serving as the chief executive officer at Banco Bradesco SA. Lazari’s appointment follows Luiz Carlos Trabuco’s rise to the position of chairman from his role as the previous CEO.

Luiz Carlos Trabuco took on the role of chairman after Lazaro Brandao made the decision to step down at the age of 91. With Luiz Carlos Trabuco’s appointment as chairman of the board, he had to find a new chief executive officer to replace him. Lazari was announced as his replacement earlier this month, and he will be formally appointed on the 18th according to valor.com.br. Until that time, Luiz Carlos Trabuco will continue to perform the duties of both roles.

Lazari will have his appointment to the position of CEO referred to during the inaugural meeting of Banco Bradesco’s restructured board of directors on the 18th. The new structure of the board will be decided upon during an upcoming shareholders meeting. Although, while the final structure of the board has yet to be decided, preliminary changes have already been made over the last few weeks.

Read more: Bradesco anuncia substituto de Trabuco

Among the recent changes to Bradesco’s board are Aurelio Conrado Boni’s decision to resign from his position, and the promotion of two of Bradesco’s executive directors to higher positions within the board. In addition, four new vice presidents have been announced, and they will be added to the board during its restructuring. Finally, two of the board’s directors have taken on the role of deputy executive officer.

Lazari is currently serving as a vice president at Banco Bradesco, will continue to do so until he is formally appointed as CEO. He will also continue to serve as the president of the Bradesco Seguros group, even after taking on his role as the chief executive officer of Banco Bradesco. Lazari has been with Bradesco for almost four decades, originally serving as a clerk at the young age of 15. His history with Bradesco has made him a prime candidate for the position of CEO, and in the end, he ended up ahead of several other strong contenders, receiving the position.

Luiz Carlos Trabuco, Chairman and Interim CEO
Following Brandao’s decision to step down from the role of chairman, Luiz Carlos Trabuco was appointed in his place. Prior to his appointment as chairman, and until Lazaro is formally appointed as the chief executive officer, Luiz Carlos Trabuco acts as the bank’s CEO, and has done so since he was first appointed in 2009. Before the position of CEO, Luiz Carlos Trabuco was a vice president for the bank.

He has worked at Banco Bradesco for close to five decades and started as clerk, which has been the bulk of his professional career both within and outside of the banking industry. His passion for Bradesco has allowed him to bring them forward, and to help them grow. His service has been invaluable to Bradesco, and for it, he’s been given the reins and asked to lead it into the future.

Search more bout Luiz Carlos Trabuco: http://economia.estadao.com.br/blogs/coluna-do-broad/bradesco-deve-anunciar-sucessor-de-trabuco-antes-do-carnaval/

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