It is factual that the banking industry is not accustomed to change. However, with the unprecedented rising scale of transition that is sweeping across this industry, it requires tremendous internal agility alongside leadership for a banking organization to succeed. Therefore, change management is one of the critical aspects that every banking institution that is expecting transition should incorporate. As illustrated by the recent occurrences of transition in Banco Bradesco, change does not have to affect any institution negatively.
The Back Story
On the wake of October 2017, Brandao de Mello released a statement of his resignation. In it, he stated that he had reasons to believe he had served long enough and it was time to allow someone else to serve. For that matter, he was going to step down and instantly allow the directors to elect a new president. Moreover, historically, he was the longest-serving president. Therefore, it was only reasonable for him to give the serving opportunity to someone else. Furthermore, perhaps Banco Bradesco would do better with a leader from the rising generation. To make matters better, Brandao de Mello insisted that Luiz Carlos Trabuco Cappi takes over his position before a new leader was elected.
For that reason, Luiz Carlos Trabuco Cappi replaced Brandao de Mello temporarily. On the other hand, the board of directors discussed the eventuality of electing a new, vibrant CEO who would actively serve at the bank. Therefore, when they held their annual general meeting, they screened all the resumes and prepared the candidates for a test that would, later on, help them determine who the best future president for the bank was. After a few meetings, all candidates were interviewed. Later on, it was discussed that Octavio de Lazari was the base fit for the position.
Read more: Bradesco anuncia substituto de Trabuco
Besides having worked at Banco Bradesco for more than a decade, Octavio de Lazari had outstanding leadership qualities that were in line with the requirements of the job. For instance, he has been dedicated to growing the firm’s portfolio of services according to infomoney.com.br. Besides, he has also been serving as the vice president of Banco Bradesco. For that reason, it is evident that he grasped a few leadership skills from Brandao de Mello. Aside from that, Octavio de Lazari joined the bank at a very tender age. Therefore, it is only right to conclude that he has learned a lot since then.
What about Luiz Carlos Trabuco Cappi?
Just like Octavio de Lazari, Luiz Carlos Trabuco Cappi became part of Banco Bradesco when he was young. First working as an office clerk, he managed to garner a few management skills that contributed to his elevation. He graduated from University of Sao Paolo. Thereafter, he would be trusted to lead the bank in a more senior jurisdiction. As such, he continued to master the ropes of management. Even when coping was quite challenging at some point, he put in a lot of work to fix every aspect of the business. For that reason, he often received tremendous recognition from the management.
Although the bank is going through some changes in leadership, it is clear that the process has injected some positive aspects to the organization. For that reason, even though Luiz Carlos Trabuco has to step down from the presidency, he still has a leadership docket to handle while serving the same clients at the bank.
Find more about Luiz Carlos Trabuco Cappi: https://oglobo.globo.com/economia/bradesco-anuncia-novo-presidente-octavio-de-lazari-junior-vai-substituir-luiz-carlos-trabuco-cappi-22365414#ixzz56wDld69g