BBDO Banco Bradesco SA

Material Fact

Change in the Board of Directors of Banco Bradesco S.A.

      Banco Bradesco S.A. (“Bradesco” o r “ Company ”) informs its shareholders, clients, employees and the market in general that Mr. Lázaro de Mello Brandão has presented today his resignation letter from the position of Chairman of the Board of Directors of Bradesco, as well as from the functions he has been performing in all its subsidiaries.

      Mr. Brandão started his career in 1942 at Casa Bancária Almeida & Cia., a financial institution that, in 1943, became Banco Brasileiro de Descontos S.A., currently known as Banco Bradesco S.A., moving up through the banking hierarchy. He was Chief Executive Officer from January 1981 to March 1999, taking over the Chairmanship of the Board of Directors in February 1990, being always respected by innumerous segments of the Brazilian and international communities.

Throughout his career, he maintained, with unique mastery, the “Culture” and the “Values” of the Bradesco Organization, where the development and improvement of the Institution ’ s actions are a constant duty, enriched by the permanent counseling of his collegiate bodies, demonstrating that the main interest is the Company’ s life and prosperity, as well as the realization of its goals to the Community in general.

      Mr. Brandão will continue holding the position of Chairman of the Board of Directors of Bradesco’s parent companies, conveying the knowledge and experience he acquired through over 75 years of professional life exclusively dedicated to the Organization, with magnificent examples of work, honesty and ethics.

      To replace him in the chairmanship of the Board of Directors, Mr. Luiz Carlos Trabuco Cappi was nominated, so far holding the position of Vice Chairman of the Body and current Chief Executive Officer of the Bank. His merits are unquestionable. His expertise and efficiency are translated into the daily overcoming of adversities in an increasingly competitive market and in a challenging economic environment.

As the leader of the main Body of the governance system, Mr. Trabuco was assigned the mission of, together with the other members, establishing Bradesco’s strategic guidelines, always valuing the “Cultur e ” and “Val ues ” of the Organization.

     Mr. Luiz Carlos Trabuco Cappi will accumulate the positions of Chairman of the Board of Directors and of Chief Executive Officer of Bradesco until the first meeting of the Body to be held after the Annual Shareholders’ Meeting to be probably held in March 2018, occasion in which a new Chief Executive Officer of the Company will be elected, in order to comply with the provisions set forth in Paragraph One, of Article 7, of the Bylaws, due to the non-cumulative nature of positions.

      In view of the ascension of Mr. Luiz Carlos Trabuco Cappi to the Chairmanship of the Board of Directors, Mr. Carlos Alberto Rodrigues Guilherme, member of the Body since March 10, 2009, was nominated to the position of Vice Chairman.

      To Messrs. Luiz Carlos Trabuco Cappi and Carlos Alberto Rodrigues Guilherme our wishes of wisdom in the conduction of the Company’s Board of Directors, so that, together with the other Managers and Employees of the Organization, they can work to turn Bradesco into an even stronger and more dynamic institution, always satisfying its millions of clients and thousands of shareholders, with active participation in the development of our Country.

Núcleo Cidade de Deus, Osasco, SP, October 10, 2017

Banco Bradesco (NYSE:BBDO)
Gráfico Histórico do Ativo
De Mar 2024 até Abr 2024

Banco Bradesco (NYSE:BBDO)
Gráfico Histórico do Ativo
De Abr 2023 até Abr 2024