Bradesco’s change in management made headlines, especially when the chairman, who served in the position of chairman of Bradesco decided to retire. The chairman of the company had been a part of the management at Bradesco for over two decades and had become an essential part of the Bradesco family. The retirement of this chairman caused the company to have to select a new person to take up this position, which stands as one of the most essential within the company.
Luiz Carlos Trabuco Cappi, who then served as the President of the company had come forward to announce that the board of directors would be putting in a vote to appoint a new chairperson. This announcement was made in October, and just a few days later, the board decided that they should offer this position to Trabuco himself. Trabuco had been serving in the position of CEO of the company for an incredibly extended period. He first took over the position as President in 2009 and since then proceed to contribute to the development of Bradesco. One of the first arrays that the company had started it was with regards to its territorial expansion. Trabuco wanted to be able to help the company grow and become a name which people would trust for all of their banking needs. Because of the plans that he implemented, Bradesco was able to improve the number of banks that Bradesco had in various parts of the country. More people were now being able to use Bradesco and all of its amenities, which further led to the company once again being able to rise to the number one position within the banking industry.
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Bradesco has a number of rules that are implemented to ensure that their management works to the fullest of their potential. One of these rules is that one employee at the company can only hold one position within Bradesco. This meant that while Trabuco was being offered the new job of chairman of the company, he would no longer be able to perform the role of President of Bradesco. Because of this rule, the company thereon had to make a decision about who would be allowed to take on the position of President of Bradesco. After much consideration, Trabuco came forward to announce that Octavio de Lazari Jr would be taking over the place that Trabuco would now be relieved of.
As the leading private bank in Brazil, Bradesco has emerged as an essential part of the Brazilian financial sector. The company over the years has grown to be an industry leader who has consistently set high standards for other banks to follow. According to bradescori.com.br, Bradesco has been trying to improve their services and develop their reach more so that they can be more accessible to people all over the country. The company has time and again demonstrated that they can adapt and evolve along with the changing market trends to stay ahead of the competition and other banks in the country.