BankCEO Andrew Moor has passed away; Chadwick Westlake takes over the reins. ( Successor named after EQ Bank CEO's demise - Chadwick Westlake )
In a significant move for the Canadian banking sector, Chadwick Westlake has been appointed as the new President and CEO of EQ Bank, effective August 25, 2025. Westlake's appointment comes following the unexpected passing of the former CEO, Andrew Moor, in June 2025 [1][2][3][4].
Westlake, who previously held the position of Chief Financial Officer (CFO) at EQ Bank, brings a wealth of banking and financial leadership experience to his new role. Prior to his time at EQ Bank, he spent 18 years at Scotiabank in various senior financial roles, including executive vice-president of enterprise productivity and Canadian banking finance [1][3][4].
Marlene Lenarduzzi, who was named interim president and CEO after Moor’s death, will remain in that role until Westlake officially joins and will then return to her position as chief risk officer [1].
Westlake's appointment is part of a planned succession with strong board and late CEO support. He is tasked with leading EQ Bank forward while upholding the "challenger bank culture and innovation mindset" that Moor had championed during his long tenure [1][3][4].
Andrew Moor's legacy at EQ Bank includes pioneering digital banking strategies and challenging the status quo in Canadian financial services. His passing has left a void in the fintech community, with peers across the industry mourning the loss of a visionary leader [4].
OpenText, Westlake's current employer, has initiated a formal search for his long-term replacement. Westlake has expressed his appreciation for his time at OpenText and believes the company has an extremely bright future ahead [3].
This transition marks a homecoming for Westlake, who previously held executive roles at EQ Bank before joining OpenText as EVP and CFO [1][3][4]. Westlake has reflected on his time at OpenText, stating it was a tremendous experience, and he is looking forward to returning to EQ Bank [3].
Sources: [1] EQ Bank Announces Chadwick Westlake as New President and CEO [2] Chadwick Westlake to Succeed Andrew Moor as EQ Bank CEO [3] OpenText Expresses Appreciation for Chadwick Westlake's Contributions [4] Farewell to Andrew Moor, Visionary Leader in Canadian Fintech
Chadwick Westlake's new role as President and CEO of EQ Bank will involve leading the financial services company, as he brings his extensive banking and financial leadership experience, having previously held the position of CFO at EQ Bank and spending 18 years at Scotiabank in various senior financial roles.
As Westlake transitions back to EQ Bank, he looks forward to continuing the "challenger bank culture and innovation mindset" that his predecessor, Andrew Moor, championed, while also upholding Moor's legacy in pioneering digital banking strategies and challenging the status quo in Canadian financial services.
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