Earlier this year, Bradesco saw a number of changes with regards to its top-level management, particularly when it comes to the President and Chairman of the company. The company’s previous chairman announced that he would be retiring, which is why Bradesco had to make some changes in their executive team. The first transition that the company had to carry out was regarding the chairman at Bradesco. The board of directors at the company had to select a new person to take up this position, which is when Luiz Carlos Trabuco was initiated in this position.
Bradesco has a rule which mandates that one executive can only hold one position within the company at a time. Before being offered the job of chairman, Trabuco served as the President of the company. He contributed immensely to the growth of the company through his numerous ventures and became a notable name in the industry. He was looked up to as a person who had taken Bradesco into the future and who was continuously evolving the company as a whole. Without a doubt, Trabuco’s impact on the company has been significant, which is why he was offered these positions, to begin with. However, the board of directors would now be put in a position wherein they had to find a new person to take Trabuco’s place within the company.
There was a lot of speculation over who the next potential leaders to Bradesco would be. There were some potential candidates who could fit this position, and all of them were assessed on various parameters by the board. After much deliberation, the company came to the conclusion that Octavio de Lazari Jr should take on the position of President of Bradesco.
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Luiz Carlos Trabuco had come forward to make this announcement and to inform the financial and banking industry about the new President of the company. Even though the decision was officially made in January, Octavio was not allowed to take on his position immediately. He was made to wait until the annual general shareholders meeting was held, which would be when all the shareholders of the company approve the new President of the company.
Until the meeting, Trabuco was asked if he could perform both the positions, that of the chairman and that of the President of the company. Even though this was only a temporary arrangement, Trabuco was able to perform at this position brilliantly and without any hurdles. He proved that once again, he was the right choice for the position of chairman of Bradesco, and will be able to lead the company to a profitable future.
Luiz Carlos Trabuco has been working with Bradesco since the start of his career as clerk and has worked his way up the ranks to reach some of the most notable positions within the company. The developments that the company has made since he took over as the President has stood as testimony to the impact that Trabuco has had on the company. He graduated in University of Sao Paolo with degree in Philosophy. He held different executive positions in the bank before he got the Presidency.
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