In Sao Paulo, Bradesco bank made an announcement that there will be a replacement of its president Luiz Carlos Trabuco. During the announcement, they said that current president Luiz Carlos Trabuco will still be the acting Board president and he will carry his term until when there will be the Board first meeting which was to be held during the next Ordinary General Meeting. So Luiz Carlos Trabuco was still the executive board president during the meeting.
The statement that came from Bradesco said that appointing Octavio was something that was backed by a formal process which is used for getting a successor. But the people who were accompanying the case didn’t consider Octavio as the favorite man to replace Bradesco president Luiz Carlos Trabuco. They had been selected seven people who were to be disputed. Most of the analyst had done bets siding with Mauricio Minas who was the man responsible for the bank’s technology department.
The bank also had to affirm that Octavio’s personal merits have been recognized like his competing colleagues. Having the chance to lead the organization, he will have to maintain the bank’s continuity and renewal processes which are the key fundamental so that the bank can maintain its prominent position which is holding in international and national financial cases.
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He was made the executive vice president at Bradesco Seguros Group and also the banks CEO and will continue performing at his 54 years of age. Having graduated with Economic Science from Osasco after attending Economic and Administrative Sciences Faculty. He later specialized in Marketing skill and Financial strategies where he was pursuing the course ate FIA. He has also participated in Advanced Management Program which was educated by IES Business School which was from Navara University.
Lazari Octavio had started his career in early 1978 which was a branch that was owned by Bradesco working as a continuum where he was an agency manager. He started working with credit department in 1998 after he was made the director and he was responding to the corporate. He was then in 2010 promoted to departments director’s position. He was now the responsible person for loans and finances in the department. It was in the year 2002 when the bank made Lazari become the member of the Executive Officer of the Board and five years later he was made the Vice-president of Bradesco Seguros Group.
In his career, Lazari once acted as the Chairman of the Board of Directors In Brazil Association which was dealing with Real Estate Credit together with the saving entities. In addition, he was the vice president of the Febraban’s creditor operations which was a portability governance and also other positions in the sector.
When Luiz was managing Bradesco Seguros Group as CEO, he had brought great achievement to the bank. The bank assets had increased twice in just six months of his service. In 2003, it had R $32 billion assets and during the fiscal year of 2008 the assets were ranging R $ 78 billion which was double from 2003. the banks equity also raised in one year after Luiz Carlos Trabuco started working as the bank’s president.