In the previous weeks, Bradesco was reported to have scheduled a shareholders meeting next month. But before this meeting takes place, there are many important things that are going to happen. First, the long-standing Chairman of the bank. Lazaro Brandao, 91, is going to vacate his post. Then another top executive must be appointed to take his place, Luiz Carlos Trabuco, who is concurrently the Bank’s President. And third and the most intricate of all is: the bank has to choose another top executive to assume the post of Bank President. So, with all these things happening before March, what’s next for Bradesco?
Apparently, there is already an update on the happenings at Bradesco. The second largest bank in Brazil in terms of assets, has already announced its new CEO. His name was picked from a list of seven candidates who were all handling top executive posts in the bank. The lucky candidate who will assume the post that is vacated by Trabuco is Octavio De Lazari, 54. Lazari will assume his new post as Bradesco President on March 12. He is the second youngest executive in the Bank who was considered for the presidency. His former position is head of the Lender Insurance Unit.
In an official announcement, Bradesco stated that the appointment of Lazari is made through the bank’s formal mode of succession and nomination. Bradesco’s statement added that his appointment was endorsed by the bank’s Succession and Appointment Committee according to economia.estadao.com.br. Lazari’s personal merits were considered among his peers and will merit every distinction, maintaining the process of renewal and continuity, the bank’s statement added. Furthermore, the statement indicated that this process will make sure that the leading position of Bradesco in the national and international financial circles will be sustained according to valor.com.br.
Meanwhile, in a press interview, Trabuco, the incoming Bradesco Chairman, said that the process of choosing his successor was calendared and will be completed next month. He added that the bank has a timetable prior to its meeting to choose the board members of the council. Previously, Trabuco confirmed in an interview that the deadline for this process was on Feb. 10, 2018.
There were seven top Bradesco top executives who were shortlisted for the presidency. Lazari was able to win over the other six candidates. Among the men listed as candidates are Marcelo Noronha, the head of cards and investment bank, Josué Pancini, the one in charge of the bank’s agency network, Alexandre Glüher, the chief of Investor Relations department and Maurício Minas, the man in charge of Bradesco’s technology. Apparently, Lazari will take over the position of president when Trabuco vacates his president’s seat next month.
Luiz Carlos Trabuco, the current Chairman of Bradesco has been serving the bank for the past 15 years before he assumed the post of Marketing Director. Then in 1992, he was appointed as the bank’s CEO. Trabuco has served in this capacity until now, when Lazari was appointed as his successor. Bradesco recently changed its bylaws regarding the maximum age of its CEO from 65 to 67 years old. This change enabled Trabuco to stay longer as president, before his successor was appointed.
For more information about Luiz Carlos Trabuco, just click http://www.meioemensagem.com.br/home/ultimas-noticias/2018/02/05/bradesco-anuncia-substituto-de-trabuco.html