Luiz Carlos Trabuco Cappi the current president of Bradesco, in an interview detailed the coming plans for the huge banking and financial institution in 2018. Luiz Carlos Trbuco Cappi confirmed Octavio de Lazari Junior will be taking over as the new president.

Luiz Carlos Trabuco Cappi who worked his way from a bank clerk in 1969 to the incumbent president. He has been with Bradesco for 40 years. Octavio de Lazari Junior, the new president will be leaving Bradesco’s Executive Board as he assumes the presidential position. Octavio de Lazari Junior was appointed Board of Directors Officer in 2012. Octavio de Lazari Junior, began his career at Bradesco in 1978, as an Agency Manager and is scheduled to officially sit as president after the upcoming meeting in March during the AGO (Ordinary General Assembly) Octavio de Lazari Junior has a degree in economics from the Faculty of Economics and Administrative Sciences of Osaco.

Luiz Carlos Trabuco Cappi announced the retirement of Lazaro Brandao. Lazaro Brandao is the chairman of the Board of Directors. Lazaro Brandao has been with Bradesco for 75 years and has been on council for 27 years. Luiz Carlos Trabuco Cappi, revealed while the retirement of Mr. Brandao was expected, it just wasn’t expected to happens this soon. Luiz Carlos Trabuco Cappi’s departure will leave a void in the vice president seat on the council. Carlos Alberto Rodrigues Guilherme, who began working at Bradesco at the age of 13 will fill the void left by Luiz Carlos Trabuco Cappi’s departure according to jusbrasil.com.br.

Luiz Carlos Trabuco Cappi also confirmed with Octavio de Lazari Junior assuming the presidential role moving forward, Mr. Lazari will be removed from the Executive Body of Bradesco. Luiz Carlos Trabuco Cappi went on to say he understand the public perception of Bradesco, and the general concern with these transitions considering how important Bradesco is to the economy.

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During these transitions, Luiz Carlos Trabuco Cappi will remain vice president of the council and chairmanship of Bradesco’s Board of Directors. The Central Bank requires banks, when selecting a new president, the name must be made available within 30 days of the AGO (Ordinary General Assembly) meeting.

Luiz Carlos Trabuco Cappi has stressed, Bradesco has a long tradition of selecting new leaders from within the organization, and while the process of the selection of the new leader can be a an very long process, it is necessary to ensure the integrity of the organization.

Lazaro Brandao, pointed out he voted to extend the term of the Chairmanship by extended the age from 65 to 67 to allow more time to make sure the correct processes are followed and company’s best interest stayed front and center.

Luiz Carlos Trabuco Cappi , noted the new president of Bradesco, Octavio de Lazari Junior will face a few challenges. Luiz Carlos Trabuco Cappi, pointed to Bradesco’s recent acquisition of HSBC at the need to ensure good well planned actions will ensure smooth integration. Luiz Carlos Trabuco Cappi, said another challenge is getting customers to embrace more digital banking solutions.

Find more about Luiz Carlos Trabuco Cappi: http://www.valor.com.br/financas/5153264/bradesco-novo-presidente-saira-do-corpo-executivo-afirma-trabuco

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