Luiz Carlos Trabuco Cappi Knocked Off As CEO Of Banco Bradesco Because The Bank Needs Younger Executives To Compete With All-Digital Banking Operations July 17, 2018

     For countless decades, Lazaro de Melo Brandao served Banco Bradesco in either the capacity of President, Chief Executive Officer, or Chairman of the company’s Board of Directors. Once he stepped down in October 2017 – nearly a year ago at this point – from his long-running post as Chairman of the Board of Directors news media outlets quickly began speculating about which high-ranking executives would remain in their current positions or – if they were lucky – perhaps move into the spot of Chief Executive Officer, a C-suite position coveted by every employee of every corporation on planet Earth.

To make up for the immediate resignation of Mr. Lazaro de Melo Brandao, Luiz Carlos Trabuco Cappi adopted the role of Chairman of the Board of Directors and was named the President of Banco Bradesco. Once a replacement was named for the spot of President, Trabuco was expected to stay true in the roles of Chief Executive Officer and Chairman of the Board of Directors. However, for whatever reason, people in charge of hiring decisions decided not to keep Luiz Carlos Trabuco Cappi in charge of its daily operations as the Chief Executive Officer of Banco Bradesco.

While Luiz Carlos Trabuco Cappi is very much still with Banco Bradesco, he’s just no longer in as much executive control as he was for the previous nine years. During his stint as Banco Bradesco’s head cheese – the Chief Executive Officer – he played an instrumental role in securing HSBC Bank in an acquisition that helped Banco Bradesco grow significantly.

Luiz Carlos Trabuco Cappi’s replacement – Octavio Lazari – has worked for Banco Bradesco for roughly nine fewer years than the now-former Chief Executive Officer.

Mr. Trabuco wasn’t moved out of the position of CEO because he was incompetent, got in trouble, or did the company wrong – or showed his rear end to the world, this making look bad. As a matter of fact, Luiz Carlos Trabuco Cappi couldn’t have done anything better. He potentiated himself to bring the best Luiz Carlos Trabuco Cappi possible to the figurative table.

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