Change Is Inevitable; Luiz Carlos Trabuco Maintains Initial Position

In October 2017, Lazaro Brandao de Mello, the former president of Banco Bradesco stepped down voluntarily. After serving for 25 years, he concluded that it was critical for him to quit work and allow a youthful leader to step into his position. Well, Brandao had worked with the company for quite some time, and it was time for him to elect a slightly experienced leader who could fit into his shoes. Before he quit, he stated the importance of Banco Bradesco maintaining the ethics with internal recruitment being the dominant aspect in question. Well, when the board of directors needed a new president, they considered the factor. But before that, Luiz Carlos Trabuco was appointed to hold the leadership position temporarily.

Background Data

Luiz Carlos Trabuco was elated to step in as the incumbent president. Partly serving as the chairman as well, he made sure that the wishes of Brandao were honored in every way including maintaining the business model. After a few months of service, Luiz Carlos Trabuco held a meeting with the board of directors to discuss the way forward for the institution. They stated that it was critical for the institution to observe vital issues like leadership; for example. In a different meeting, they discussed the value of every proposed leader and his contribution to the industry. After a series of meetings, they decided to elect Octavio de Lazari to lead the firm.

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Who is Octavio?
54-year-old Octavio de Lazari is the new president of the institution. He is also the serving as the chief executive officer and will maintain that position. In an official statement, Banco Bradesco cited the dominant leadership traits of Octavio de Lazari stating that he had exceptional personal merits that better describe him as a professional who understands the manner in which business should be operated. Other than that, Octavio de Lazari has been working with Bradesco for decades. As such, he is not only familiar with the bank’s expectations of him but also fully aware of the responsibilities that await him.

What’s Next?

There have been questions about what Bradesco should expect after this transition. Well, the bank is still in capable hands because the people in charge are responsible and experienced in many ways including market the brand. Trabuco will retain his position as the chairman of the organization.

Work and Contribution

Luiz joined Bradesco as a teenager being a clerk. He worked hard to earn elevation. He has more than 40 years of experience in the bank. With the appraisals of the board of directors, he was appointed to serve as the credit officer then the project manager of the finance department. From that point, he was sure that his career would grow tremendously; and it did.

The Overview

Change is inevitable. In organizations especially, it is almost impossible to evade the possibilities of having a new leader on board. Even so, employees should embrace the opportunities presented by positive transitions when change is mentioned. Luiz Carlos Trabuco will work beside Octavio de Lazari to foster a healthy working relationship with the organization.

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