EQB Inc. Announces Sudden Death of CEO Andrew Moor

In a heartbreaking announcement, EQB Inc. confirmed the sudden death of its CEO, Andrew Moor, at the age of 65. The loss occurred over the weekend, leaving the bank and the Canadian banking sector in mourning. The company also named Marlene Lenarduzzi, the chief risk officer, as interim CEO while the board finalizes plans for a permanent successor.

A Visionary Leader in Banking

Andrew Moor, CEO of EQ Bank since 2007, was known for his pioneering leadership and commitment to innovation. Under his leadership, EQ Bank grew from a small regional trust with 104 employees to a major player with $134 billion in assets and nearly 2,000 employees. Moor was passionate about open banking, advocating for policies that boost customer choice and innovation in Canada’s financial services.

Tributes Pour in from Colleagues

Moor’s sudden death has left many saddened, with colleagues and industry leaders praising his leadership and vision. Alex Haditaghi, a financier who knew Moor for 18 years, called him “one of the most forward-thinking, principled, and innovative executives” in banking. Senator Colin Deacon and Adam Felesky, CEO of Portage, also praised Moor for promoting competition and improving access to banking infrastructure in Canada.

Succession Plans Already in Place

EQB was already preparing for Moor’s eventual retirement, having worked on succession planning for the past two years. The board is confident that they have already advanced the process to appoint a permanent successor and will finalize it soon.

A Legacy of Innovation and Community

Throughout his tenure, Moor focused on financial growth while also dedicating himself to supporting community and charitable causes. His commitment to both business and family made him a beloved figure at EQB and beyond.

More…

• https://www.ctvnews.ca/business/article/eqb-inc-says-chief-executive-andrew-moor-died-unexpectedly-over-the-weekend
• https://www.theglobeandmail.com/business/article-equitable-bank-ceo-andrew-moor-death
• https://ca.finance.yahoo.com/news/equitable-bank-confirms-death-of-chief-executive-officer-andrew-moor-135622918.html