EQB Inc. CEO Andrew Moor Dies Unexpectedly at 65

EQB Inc. CEO Andrew Moor dies unexpectedly at 65. Moor had been CEO since 2007 and was a visionary leader who believed Canadians deserved more. The company expects to name an interim CEO Tuesday and hopes to announce a permanent successor soon. Moor leaves behind a legacy of working closely with the board on succession planning.

Toronto-based EQB Inc. announced the unexpected passing of its CEO, Andrew Moor, on Monday. Moor, who had been serving as the bank's leader since 2007, died at the age of 65 [1]. EQB Inc. is Canada's seventh-largest bank by total assets, with combined assets under management and administration amounting to $134 billion [1].

Moor was known for his visionary leadership and his advocacy for change and innovation in the Canadian banking sector. He took on the role of CEO when the bank had 104 employees and $4.4 billion in assets, growing it significantly over the years [1]. His tenure saw the bank expand to nearly 2,000 employees coast to coast and become a leading lender in various financial markets [1].

In a statement, Vincenza Sera, chair of the board, said, "Andrew's death is a tragic loss to all of us at EQB and to everyone who had the pleasure of knowing him. He was a visionary leader and a fierce advocate for change and innovation in banking that benefits all Canadians" [1].

Marlene Lenarduzzi, the current chief risk officer, has been named interim CEO effective immediately [2]. Lenarduzzi has more than 25 years of experience in risk management and banking strategy development, and she will provide thoughtful and effective leadership during this transition period [2].

EQB Inc. had been making succession preparations ahead of Moor's planned retirement and is well-advanced in the process of choosing a long-term successor. The bank expects to announce a permanent successor in the very near term [1].

Andrew Moor's legacy includes his dedication to community and charitable causes, as well as his commitment to creating a culture of innovation and prudent banking at EQB Inc. [1]. His passing has been met with condolences from various quarters, including financier Alex Haditaghi, who described him as one of the most forward-thinking and principled executives in the industry [1].

References:
[1] https://www.coastreporter.net/the-mix/eqb-inc-says-chief-executive-andrew-moor-died-unexpectedly-over-the-weekend-10854391
[2] https://www.prnewswire.com/news-releases/eqb-announces-passing-of-andrew-moor-president--ceo-302489748.html