After serving for over a decade as the president of Brazil’s 2nd largest bank, Bradesco Seguros, Trabuco Bradesco will be leaving the bank a proud man having helped the bank scale the ladders of success hence becoming one of the most vibrant financial institutions in Brazil. The bank has already announced Octavio De Lazari Junior, who is also the bank’s Vice President, as the Trabuco’s successor. But even after his exit, Trabuco will continue serving as the President of the bank’s executive board until the next board meeting. From the statement that was issued by the bank shortly after making the major announcement, Mr. Octavio was appointed President following consultations through a formal process of appointment and succession. Visit the website weforum.org to learn more about Trabuco Bradesco.
While speaking to the press before the announcement regarding the change of leadership at the bank, Trabuco Bradesco noted that the entire process of identifying his successor would be done by the recommendations given during the board meeting. He, however, said he wasn’t willing to talk about the issue of succession at the moment since his comments would be perceived as an attempt to override the decision made by the council of board members. His departure from the bank was delayed following an extension of the retiring age. Before the extension of his term as the president of Bradesco, the retirement age of a sitting CEO or President was 65 years old before it was extended to 67 years old. Therefore, Trabuco Bradesco becomes the oldest President of the bank upon ending his career with the bank. Visit Wikipedia.org to know more about Trabuco Bradesco.
Trabuco Bradesco started his decades-old banking career as a clerk for the Banco Bradesco, just at the age of 17 years old. He passed through several assignments for over 15 years before becoming the marketing director. While serving as the bank’s marketing director, he was credited for modernizing the bank’s communication systems. Besides being the President of the Bradesco Seguros for over 15 years, Trabuco was also in charge of 8 other companies that are affiliated with the bank, among them Bradesco Saude, Bradesco Vida e Previdencia and Capitalization.
Trabuco Bradesco is leaving Bradesco Seguros after a remarkably successful career. His successor will ultimately need to work more to match his legacy at the bank.