Appointment Of Luiz Carlos Trabuco Cappi Ends The Battle Of Succession At Bradesco Bank

It has been a beehive of activities at Bradesco Bank for the last few months after the bank’s chairperson Mr. Lazaro tabled his resignation from the post. Mr. Lazaro has been the Chairman of the giant Brazilian bank for close to three decades. His departure created a vacancy in Bradesco bank which needed to be filled urgently. Few people anticipated Mr. Lazaro’s resignation, and when he finally dropped the bombshell, all the eyes were on the board of directors to see their next move. As it is the tradition of the bank, the top leadership of the bank is sourced from the company’s employees. It is considered as a form of mythical dynasty where the leadership of the bank is passed down to the most experienced and influential figure in the bank.

There were a lot of speculations for the last few months, but they were put to rest when Octavio de Lazari was appointed to replace Luiz Carlos Trabuco Cappi as the company’s president. Carlos Luiz Trabuco Cappi was appointed to replace the former Chairman at one of the biggest banks in Brazil. Before his appointment, Luiz Carlos Trabuco served as the President of the Bradesco for close to ten years.

Even after the company announced Mr. Lazari’s appointment as new CEO, he did not start working until the annual shareholders meeting was held in March 2018. According to the rules governing Brazilian banking industry, Bradesco was tasked to decide on the appointment one month before the annual shareholders general meeting that was held in March. Bradesco was required to submit the name of the appointee to the Central Bank of Brazil for approval before making the official announcement.

Read more: Bradesco anuncia substituto de Trabuco

Electing new chairperson
After the former chairperson’s exit from the bank, several names were floated for his replacement. The Board of Directors at Bradesco Bank wanted someone with immense experience working with the bank to replace the former chairman. They needed someone who had worked with the bank for a long time and an individual who could lead Bradesco to a success path as the previous chairman did. The bank has a tradition of promoting individuals from within the bank and not any external members who have never worked for the bank.

Following the strict qualification criteria put forward by the board of directors, only a few people could qualify to fit in the shoes of the previous Chairperson. Luiz Carlos Trabuco Cappi is a great example of an individual whose qualifications exceeded the requirements set by the bank.

Luiz Carlos Trabuco Cappi launched his career with the bank when he was just 18 years of age being a bank teller. Throughout his career, Luiz has been working effortlessly, an attribute that earned him endless promotions at Bradesco. Luiz portrayed exemplary leadership skills that earned him praises from his colleagues and superiors.

Luiz has served in various departments within Bradesco where he organized teamwork to accomplish the bank’s objectives. Luiz demonstrated outstanding organizational and leadership skills when he was appointed to lead Bradesco Seguros, the insurance division of the bank. While heading this department, Luiz managed to raise the company’s profitability by a 10 percent margin.

Source: https://oglobo.globo.com/economia/bradesco-anuncia-novo-presidente-octavio-de-lazari-junior-vai-substituir-luiz-carlos-trabuco-cappi-22365414#ixzz56wDld69g

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