On 12th March this year, Banco Bradesco held a general shareholders meeting to appoint the new president of the bank. This follows the resignation of the former chairman of the board, Mr. Lazaro Brandao.
Upon his resignation, Mr. Brandao appointed Luiz Carlos Trabuco Cappi as his successor. Luiz Carlos Trabuco Cappi held the positions of the chairman and the president of Bradesco since last year.
The board of directors was required to announce their nominee to the position of the president of the bank one month before the general shareholders meeting in March this year. It was a tough decision for the board to make considering that there were seven vice presidents from Bradesco who had expressed their interests in the executive position.
Finally, the hammer fell on Octavio de Lazari who previously served as the CEO of the insurance and pensions department of the bank known as Bradesco Seguros. Many analysts in Brazil hadn’t foreseen the appointment of Octavio de Lazari as the successor of Luiz Carlos Trabuco Cappi as CEO. On his part, the new chairman of Bradesco defended the appointment of Octavio de Lazari stating that it followed the due process and the succession guidelines at Bradesco Bank. Octavio de Lazari is among the most experienced leaders at Bradesco bank having served in the bank for close to five decades.
Early life and career
Octavio de Lazari started working for Bradesco bank at the age of 15 years. While he was growing up, Octavio de Lazari had never dreamt of joining the banking industry. He was very passionate about football where he played at Palmeiras. His father who was a loyal customer at Bradesco bank spotted an opportunity in the bank and convinced his son to leave if football ambitions and join the mainstream career in banking according to glamurama.uol.com.br.
Octavio de Lazari is among the most dedicated employees at Banco Bradesco. Throughout his career, Octavio de Lazari worked hard and earned his way up the leadership ladder at Bradesco bank. In the late 90’s, Octavio de Lazari worked in the Credit department as the Director. Octavio was responsible for the corporate, small and large business units. Eight years ago, Octavio was promoted to head the department of loans and financing where he became the CEO in 2012. He worked there for five years before becoming the president of Bradesco Seguros.
Luiz Carlos Trabuco Cappi and Octavio de Lazari have brought many transformations in the insurance and pensions division of Bradesco. Currently, Bradesco Seguros is a key player in the overall performance of Bradesco Bank. Bradesco is one of the leading bank in Brazil. Octavio de Lazari will continue serving as the president of Bradesco Seguros and Bradesco bank simultaneously.
Check more about Luiz Carlos Trabuco Cappi: http://www.valor.com.br/financas/5306443/bradesco-anuncia-octavio-lazari-no-lugar-de-luiz-carlos-trabuco