Bradesco Has Announced New Executives, Details Luiz Carlos Trabuco

Bradesco, the financial services conglomerate, established in 1943 by founder and 1st president Amador Aguiar will be appointing the company’s 5th president in the next few months.

Bradesco, always promoting from within and encouraging promotion has announced the new president is the current vice president and chief executive officer of Bradesco Seguros, Octavio de Lazari Junior. Mr. Octavio de Lazari Junior was appointed vice president and chief executive officer of Bradesco Seguros in 2017. Octavio de Lazari Junior 1st year as a board member was in 2012, and two years prior he was the Department Director of Loans and Financing. Octavio de Lazari Junior has also been the Director of Credit and Agency Manager.

Luiz Carlos Trabuco the 4th and current president has said Octavio de Lazari Junior will be officially appointed March 12 2018 during the Ordinary General Assembly (AGO) meeting. Luiz Carlos Trabuco will be ending his presidency of almost a decade and become the Chairman of the Board of Directors.

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Lazaro Brandao has made his retirement official by handing in his official retirement letter. Lazaro Brandao has served on the board for 27 years, and was Bradesco’s 2nd president. Luiz Carlos Trabuco was Entrepreneur of the year in 2015, according to Money Magazine, for closing the largest deal in Brazil for that year for $5.2 billion to acquire HSBC. Luiz Carlos Trabuco, who is 67, two years older than previously allowed to be president was giving two additional years to absorb all the changes experienced during the last years of his presidency.

The appointment of Octavio de Lazari Junior’s appointment will require a new vice president to take his place. Carlos Alberto Rodrigues, a veteran at Bradesco since 13, will be the newly appointed vice president according to g1.globo.com.

Until the Ordinary General Assembly meeting Luiz Carlos Trabuco will be both president and Chairman of the Board.

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