The Bradesco Bank is the second largest bank in Brazil. They have been around for years. During this time, they are preparing for a transition. Luiz Carlos Trabuco who is the president is being relieved of his duties, and they must select someone else to take his place as president of the company. He has worked at the bank since he was 17 years old. He became the president of the bank in 2003. After working for the bank for many decades, he is moving on. The Succession and Appointment Committee is responsible for choosing someone to take his place.
According to valor.com.brThe Succession and Appointment Committee chose Octavio de Lazari Junior to be the new president after a lengthy selection process. Octavio de Lazari Junior Executive Vice President of the Bradesco Bank and the Chief Executive Officer of the Bradesco group. Lazari was not amongst the favorites. The committee had seven people to choose from, and Lazari was not in the top seven. The top pick was Mauricio Minas who is over technology at the bank according to economia.estadao.com.br. Lazari was able to surpass Minas because he has a strong resume and background. He has an Economic Sciences degree from the Faculty of Economic and Administrative Sciences of Osasco. Octavio de Lazari Junior is the Chairman of the Board of Directors of the Brazilian Association of Real Estate Credit and Savings Entities and the Vice President of Febraban’s Credit Operations Portability Governance Committee. Lazari holds a lot of positions, but he is overall well known for his work in credit.
Octavio de Lazari Junior has a lot of experience, but he has a lot more work to do to mount off to the current president Luiz Carlos Trabuco. Luiz Carlos Trabuco has been an employee at the Bradesco Bank since he was 17 years old. Within his first 15 years of working at the bank, he was promoted to the Marketing Director of the Bradesco Bank. In 1992 he was chosen to be the Chief Executive Officer of a Bradesco Life and Foresight a private pension company. He was in that position until 1998. In 1998 Trabuco was selected to be the Managing Director at the Bradesco Bank. In 1999 Trabuco he was chosen to be the Executive Vice President of the bank. In 2003 he became the President of the Bradesco Insurance. While working for Bradesco Insurance, he was able to get the company on the New York Stock Exchange. In 2009 he was appointed to the position of President of the Bradesco Bank. Every area that he worked in at the Bradesco Bank was able to flourish because of his determination and desire for excellence. While he was working as the Marketing Director, he was able to establish a healthy relationship between the media and the bank that has been able to benefit the people and the bank. He has accomplished a lot with the bank making it the second largest bank in Brazil. Lazari has a lot to hold up as he gets ready to run the bank.