EQB Inc. Navigates Leadership Transition After CEO Andrew Moor's Unexpected Passing
- EQB Inc. is transitioning after the unexpected death of long-serving CEO Andrew Moor, who transformed the bank's growth.
- Marlene Lenarduzzi has been appointed interim CEO to ensure operational continuity during this leadership transition.
- EQB aims to honor Moor's legacy by maintaining its commitment to innovation and customer service amid evolving challenges.
EQB Inc. Faces Transition After the Unexpected Passing of CEO Andrew Moor
EQB Inc., one of Canada's leading financial institutions, is navigating a significant transition following the unexpected death of its long-serving President and CEO, Andrew Moor, on June 24, 2025. Moor, who was 65, held the position since 2007 and played a pivotal role in transforming EQB from a modest regional trust company into Canada's seventh-largest bank. Under his leadership, the bank expanded its workforce from 107 employees and $4.4 billion in assets to approximately 2,000 employees and $134 billion in combined assets under management. His visionary approach not only reshaped the bank but also influenced the broader Canadian banking landscape, earning EQB a reputation as an innovator in the industry.
Vincenza Sera, Chair of the Board, expressed profound sadness at Moor's passing, emphasizing his commitment to innovation and his dedication to improving banking services for Canadians. Moor's leadership style fostered an environment that encouraged creativity and forward-thinking solutions, exemplified by the launch of EQ Bank in 2016, which became an award-winning digital banking platform. The bank's rapid growth and success in various lending markets, including residential and commercial sectors, are a testament to Moor's strategic vision and ability to anticipate industry trends. His absence leaves a substantial void not only at EQB but also within the financial community that revered him.
In response to this challenge, EQB has appointed Marlene Lenarduzzi, the Chief Risk Officer, as the interim CEO. Lenarduzzi brings over 25 years of banking and risk management experience, and the Board has expressed confidence in her capacity to maintain operational continuity during this transition. Furthermore, in anticipation of Moor’s planned retirement, the Board has been developing a succession plan for the past two years, ensuring a seamless transition of leadership. Stakeholders and industry peers alike are hopeful that EQB will continue to uphold Moor's legacy of excellence and innovation as the bank moves forward.
As EQB embarks on this new chapter, the financial community mourns the loss of a remarkable leader. Moor is remembered not only for his professional achievements but also for his personal qualities, as reflected in the condolences from colleagues and industry figures, including financier Alex Haditaghi. The bank is committed to honoring Moor’s vision, aiming to sustain its trajectory of growth and innovation while navigating the challenges of leadership transition.
Overall, EQB Inc. stands at a crossroads, balancing mourning the loss of a transformative leader with the imperative to uphold the institution's commitment to innovation and customer service in a rapidly evolving banking landscape.