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Luiz Carlos Trabuco Cappi is credited for having returned Bradesco Bank to a leadership role in the banking sector. He took over at a time when the bank had relinquished its leadership to the main rival. He is set to retire any time now. He has reassured shareholders that the bank will be left in the safe hands of another loyal Bradesco executive that has helped to improve the Bradesco Group Business. Luiz Carlos Trabuco Cappi says that Octavio De Lazari is an experienced member of the institution and that the process of choosing was rigorous before arriving on him as the best choice.
Trabucco Comments on the choice of Octavio
According to Luiz Carlos Trabuco Cappi, the bank has been extremely careful in the process of choosing his successor. He points out that it has not been easy arriving at the current market position and business capacity. Therefore, the next President of Banco Bradesco had to be someone the Group would be easy to put their bet on as a loyal executive with a proven track record. Trabuco says that he has no doubt that the choice of Octavio as the next CEO is the best for the group. He further explains that the philosophy behind choosing Octavio is that he is the one that the succession team believes will preserve the bank’s management model. He says that the decision was guided by a consensus.
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The decision to appoint Octavio De Lazari as his successor was based on facts that highlighted his contribution to the growth of the group. Octavio is only 39 years old. Trabuco, who is now considered by many Bradesco stakeholders as a legend, says that the next president has proved that he has the desired horizontal knowledge of the bank and its insurance business; which is an important element of the bank’s development towards market leadership. He further revealed that Octavio responded with impressive vigor and spirit towards the challenges he has faced as a Bradesco official. One of the most outstanding considerations in the selection process that involved several contenders including all the vice presidents of Banco Bradesco was the ability to manage by consensus. He reports that Octavio performed excellently in that regard.
The Selection Process According to Luiz
Trabuco Honors His Successor With Praises
Mr. Trabuco mentioned that the Banco Bradesco’s selection process was rigorous and was based on preset standards. He said that the process was guided by a calendar of events that would culminate on the Selection Committee arriving at the best candidate. As matters stand at the moment the process is coming to an end. The only important function awaited by the shareholders is the formal announcement of the next Bradesco Group president. Trabuco was full of praise for Octavio De Lazari. He pointed out that Lazari was instrumental in the process of generating wealth for the organization. Luiz Carlos Trabuco Cappi explained that Octavio is worth being relied upon because he has a longstanding career with the group and has demonstrated a commitment to the group’s mission.
Office Boy to President and CEO
In what might surprise many, it turns out that Octavio started his career as an office boy. He grew his skills and was promoted to management roles over time. He was in charge of the Credit Department for many years. During his tenure as the credit head, he oversaw the activities of the board of loans.