Banco Bradesco Appoints A New President

Brandao de Mello resigned in late 2017. He was the chairman of Banco Bradesco. He was the oldest and longest-serving leader in the banking industry as well. When he was resigning, he left strict instructions for his legacy to be maintained. Brandao asked Bradesco’s Management to sustain internal recruitment even when looking for his replacement. It is a strategy he used for Banco to maintain excellent service delivery.

Carlos Temporarily Replaced Brando

Luiz Carlos Trabuco stepped into Brandao’s position. He was the perfect candidate for the job. This is because he was competent and had vast experience in dealing with clients. Luiz Carlos Trabuco has been working with Banco Bradesco for more than ten years. He understands the policies of the bank to the extent of implementing competent strategies according to estadao.com.br. Since his appointment as Brandao’s replacement for the moment, Luiz Carlos Trabuco has proved to be a performer. However, it is against Banco’s rules for one employee to hold two positions.

Bradesco Has a New President

Banco Bradesco recently announced the appointment of a new president. Mr. Octavio De Lazaei Junior will replace Luiz Carlos Trabuco. His appointment followed the resignation of Brandao de Mello, the former chairman of Bradesco. Brandao left room for a new, youthful leader. An official process formalized Mr. Octavio’s appointment. His successor endorsed his nomination.

Octavio’s Appointment

The committee in charge of Octavio’s appointment scrutinized his merits and contribution to the organizations he previously worked with. His input was recognized, and it was noted that he deserved the distinction he received.

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

Luiz Retains His Position

On the other hand, Luiz Carlos Trabuco will retain his position as chairman until the next general meeting. The meeting will be held on 12th March 2018. Luiz Carlos Trabuco issued a press statement saying that Octavio had the reporting date and that his service was effective in the next general meeting. He also added that he was not interested in giving more details.

Early Life

Luiz Carlos Trabuco was born in 1951. He served as the president of Banco Bradesco, Brazil’s competitive bank. Luiz Carlos Trabuco joined the bank at a young age. He served as a clerk. In 2015, a magazine called Isto E Dinheiro named him the entrepreneur of the year. He was influential in the banking industry. In 2009, he was added to the list of Brazil’s top 100, most influential chief executive officers.

Education

Luiz Carlos Trabuco graduated from Fundacao School of Politics and Sociology. The school is in Sao Paulo. He also attended UNESP for philosophy. He majored in socio-psychology and sciences. He joined Bradesco when he turned 17. Working as a clerk, he picked strong, leadership traits from executive leaders. He was appointed the marketing manager. Luiz Carlos Trabuco served for eight years. In 1992, Banco appointed him the new chief executive officer.

Overview

In 1998, Luiz Carlos Trabuco was appointed the managing director. He registered impressive performance. The bank elevated him to serve as vice president. During his tenure, Banco Bradesco doubled its revenue. Luiz Carlos Trabuco solidified its leadership.

Check more about Luiz Carlos Trabuco: http://economia.estadao.com.br/noticias/geral,bradesco-anuncia-substituto-de-luiz-trabuco-na-presidencia-do-banco,70002178384