Bradesco, one of the most well known private banks in Brazil recently underwent a shift in management with the retirement of their previous chairman. This resulted in the CEO of the company taking on the position of Chairman, and his position thereby being left vacant. Bradesco then had to fulfill these positions soon to resume full function and to ensure the smooth functioning of all of the operations that they undertake.
Since the company first opened its doors for business, they have always lived by the policy of only electing members to executives positions who have been working for a long time with the company. Bradesco does this to ensure the quality of leadership that they have, and also so that the leaders know exactly what the company stands for and the value systems that they uphold.
Recently, Bradesco bank released the name of the person who they had chosen as their new CEO. The company elected Octavio de Lazari to be the new CEO to Bradesco Seguros, which one of the main divisions at Bradesco Bank. He will be taking over the position from Luiz Carlos Trabuco, who previously served in that position, and now will be taking over as the chairman of the company. Bradesco was mandated to elect a leader before the shareholders meeting that will be held in March this year. To this effect, the company will be officially instating the new CEO at the general meeting which will be held.
Until the new CEO can start performing all of his functions, Luiz Trabuco will be serving as the CEO and the chairman of the company together. Even though it may seem like a task to perform all of the top functions within the company, there is no doubt that Trabuco will be able to execute them with absolute ease. Luiz Trabuco has an incredible amount of experience when it comes to the field, and has been working with Bradesco for the entirety of his career. The first position that he held at Bradesco was when he started working as a bank teller for one of the outlets of Bradesco. He started out in this position when he was just seventeen years old. He then worked his way up the ranks to ultimately reach one of the topmost positions at the branch of the company that he was working in. He knew that it would only be a harder climb from there, and worked his way up the corporate ladder.
After working for a considerable amount of time at the company, he was pointed as the CEO of Bradesco Seguros, which is the banking and insurance division of Bradesco. While performing the role of CEO of the company, Luiz Trabuco had implemented various positive changes that improved the way the company functioned, and the services that they offered to the customers who came to them. Luiz Trabuco, having experienced working at some of the starting positions within the company was able to aptly gauge where it was that the company needed improvements, and where they could change to stay up to date with the sector and banking industry. After a few years at this position, he was offered to take on the role of CEO of the main parent company that is Bradesco. There is no doubt that the knowledge and experience that he gained through the course of his career have benefited him and the company has a whole.
When Luiz Trabuco took on the position of CEO of the company, Bradesco stood at the number two spot amongst the private banks in the country. Two years into him being the CEO, Bradesco once again regained their spot as the number one private bank in Brazil.