Luiz Carlos Trabuco Cappi has led an impressive career working at Banco Bradesco.
Luiz Carlos Trabuco Cappi has been instrumental in the recent development that the company has been witnessing, which is why it came as no surprise when he was chosen to take over as the chairman of Bradesco. In October last year, Bradesco’s chairman of twenty-five years put in his resignation, thereby rendering this position vacant. Since the position of chairman is one of the most essential within the company, it becomes vital for the board of directors within the company to fill out that position at the earliest
The board of directors thereon had to decide who they wanted to elect within the company. After careful consideration, the board came to the decision that they wanted to elect Luiz Carlos Trabuco Cappi to the position of chairman of the company. Before being given this position, Luiz Carlos Trabuco stood as the President of the company. He had been given that position in 2010 and since then had been performing out this position incredibly well. Because of this, the board of directors knew that he would be a good fit even for the position of President.
Even while Trabuco was being given the position of chairman of the company, the board of director’s jobs was still not done. The bylaws within the Banco Bradesco dictate that one individual can only hold one position within the company. This meant that Luiz Carlos Trabuco could only hold one position within the company at a time. Since he was being given the position of chairman of the company, the role of President would have to be given up. This meant that the board would thereon have to go on and find a new person to take up the position of president of the company. See This Article for additional information.
After much deliberation, the board came to the conclusion that Octavio de Lazari Jr. should be the one to take up this new position of president of Bradesco. Octavio had served as the CEO of Bradesco Seguros for an incredibly long time and had had a similar background as Trabuco.
Both executives had begun working for the company at the start of their careers, and both Trabuco and Lazari rose to the position of CEO of Bradesco Seguros. The board of directors felt that Octavio would be an excellent successor to Trabuco, which is why they decided to offer him this position.
Even though the decision to make Octavio de Lazari the new CEO of the company was taken in November, it was not until March when he was allowed to start carrying out this position. However, since a company cannot function without a CEO for an extended period, the board made an exception to allow Luiz Carlos Trabuco Cappi to carry out the role of the CEO along with that of the chairman, temporarily, and until Octavio Lazari was allowed to take up his role.
In spite of there being so much pressure on Luiz Carlos Trabuco Cappi to be able to perform well, he surpassed the expectations of everyone at the company and within the industry.