Lázaro de Mello Brandão, Bradesco’s oldest employee, retired in 2017. Mr. Brandão was around when Banco Bradesco was a small bank in a small town in Sao Paulo. In fact, Brandão and founder Amador Aguiar are responsible for the incredible growth of Bradesco, even though Brazil has been up and down the political ladder for the last 70 years. Brandão has a knack for hiring the right people.
He found Luiz Carlos Trabuco Cappi in 1969, and he hired him as clerk even though Cappi didn’t have the banking tools young bankers need to survive in Brazil’s fiery banking world. Even though Cappi didn’t have a formal accounting degree or any real financial experience, Brandão decided Cappi would make a great bank executive, and he was right. As Brandão moved up the banking corporate ladder, Cappi moved with him. Brandão and Cappi built a strong executive team, and the incredible growth of Bradesco is a testament to the banking ability of both men.
But 91-year-old Chairman Brandão, the oldest banker in recorded history in Brazil, is no longer a permanent fixture at Bradesco headquarters. Cappi is on his own now when it comes to leading the bank into the 21st-century. But he’s not really on his own. Cappi has a strong executive team in place now that he is sitting in the Chairman of the Board’s chair. Cappi was astute enough to put together a strong executive team over the last nine years, and most of those executives are still in decision-making positions. One of the executives, Octavio de Lazari, the former president of the bank’s insurance division, Seguros, took Cappi’s place as CEO, and Vinicius Almeida Albernaz is taking Lazari’s spot as the president of Seguros.
When Cappi and Brandão were looking for a replacement for CEO, Cappi they put a list of six executives together who he thought could do the job. Those executives were vice presidents in charge of various departments within the bank. Most Bradesco’s employees working in Sao Paulo though Mauricio de Minas, the IT vice president, would get the job, but Cappi liked Lazari. And the reason Cappi liked Lazari was Lazari did an excellent job producing profit for the bank while he was managing the insurance division, but he also liked Lazari because they have a long work history. Lazari joined the bank in 1978 while Cappi was still going through the management training program according to jusbrasil.com.br. Both men cut their banking teeth together, and both men were vice presidents at the same time.
Four of the vice presidents who were candidates for the CEO position are on the bank’s Board of Directors now, but they will still be part of Lazari’s and Cappi’s executive team. The shareholders decided the board needed fresh eyes and minds. Cappi’s team of executives have razor sharp banking vision, according to Mr. Lazari. Bradesco will continue to follow their business plan, according to Mr. Lazari. Cappi and Lazari want to close more branches in 2018, so the bank can increase their online banking presence.
Find more about Luiz Carlos Trabuco Cappi: http://economia.estadao.com.br/noticias/geral,bradesco-anuncia-substituto-de-luiz-trabuco-na-presidencia-do-banco,70002178384