There are some major changes coming to Sao Paulo, where Banco Bradesco has found a new individual to take over its leadership. Current head of Bradesco Seguros, Octavio de Lazari Junior, will take over for Luiz Carlos Trabuco. This change happens on March 12th, 2018, as a meeting will be held to officially announce Bradesco’s new President. As the successor to Trabuco, Lazari Junior once had dreams of playing soccer. Lazari’s father was a client who used his prior relationship with management to give his son a shot at the open postition.
Luiz Trabuco mentions in a statement that Lazari Junior must still work very hard according to valor.com.br. This includes from the time he is voted into this new position throughout his term. Octavio Lazari spoke about his predecessors during a press conference that was announcing the change of command. Mentioning that Bradesco will be victorious when the final gavel hits, he talks about his many plans of continuing the legacy that will be left by Mr. Brandao and Luiz Carlos Trabuco. The obvious choice for Trabuco’s replacement did not go as smoothly as it seems, however, as there was some opposition.
The personal winnings and successes of Lazari Junior are recognized by the company, and due its just praise. He became department director in 2010, and then he moved on to the new position of CEO in 2012. In 2017, Lazari Junior really excelled as he became executive director VP and President of Bradesco Seguros Group.
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An announcement was made recently by Bradesco Seguros that talked about the fact that the bank ended the year 2017 with revenues of $76.3 billion Reals. This means that there was a rise of 6.8% in comparison to the year 2016. With a market share of 26%, Bradesco reported the highest of the last few years, as bankers being optimistic of the national economy in 2018 cited inflation to be of the more important topics moving forward. Lazari and Trabuco both stress the importance of pension and the continuance of reform in this area.
Luiz Carlos Trabuco, current CEO of Banco Bradesco, has been in this position since March 2009. He has served as its Executive Vice President and has a long history with this bank. He has worked as a Managing Director, Vice President, and Departmental Director as well before becoming CEO. He started his professional career at Bradesco in 1969 and will work up until the date that Lazari becomes President.