#Canada #Toronto #CEO #EQB #Chadwick Westlake

Chadwick Westlake Takes Over as President and CEO of EQB

EQB Inc. (TSX: EQB) has officially announced the appointment of Chadwick Westlake as President and Chief Executive Officer, effective August 25, 2025. This marks a significant transition for the organization as it looks to build upon the legacy of its late CEO, Andrew Moor. The decision was reached after a meticulous selection process undertaken by the Board of Directors, ensuring that the remaining leadership qualities are upheld within the company.

Leadership Transition at EQB

Chadwick Westlake comes to the forefront with an extensive background in the banking sector, boasting a proven track record, particularly during his previous roles at EQB. His dedication to driving performance and fostering innovation has made him a standout candidate among numerous other potential contenders. Marlene Lenarduzzi, who has been serving as the interim CEO, will continue her role until Westlake officially joins the team.

Vincenza Sera, Chair of the Board, expressed confidence in Westlake’s abilities, stating, “Chadwick possesses all the leadership qualities and skill sets the board identified as necessary to take EQB to the next level for our customers, employees, and shareholders.” His intricate understanding of the company's operations and customer-centric philosophy aligns with EQB’s mission as a Challenger Bank.

Westlake’s Impressive Track Record

Before this appointment, Chadwick served as the Chief Financial Officer at EQB where he played an integral role in various pivotal initiatives. His strategic oversight was key in the acquisition of Concentra Bank as well as the expansion of EQB’s capital markets capabilities, including a remarkable $3.1 billion European covered bond program. This experience equipped him with the nuanced knowledge necessary for guiding EQB through its forthcoming developmental milestones.

Furthermore, he has a robust background from his 18-year stint at Scotiabank, where he held several senior-level positions, gaining invaluable experience in Banking, Risk Management, and Finance, ultimately serving as the Executive Vice President of Enterprise Productivity and Canadian Banking Finance.

A Vision for the Future

In a statement regarding his new position, Westlake conveyed enthusiasm about leading EQB, expressing, “We are entering a defining era in the evolution of banking. I couldn't be more excited and confident in how Canada’s Challenger Bank will continue to galvanize the positive, long-term change needed to help hardworking Canadians, their families, and businesses.”

He emphasizes the bank's strong market position while remaining focused on unlocking its full potential. Westlake acknowledges the legacy left by Moor and is committed to propelling EQB into new heights of growth and influence.

Conclusion

The unanimous decision by the Board reflects a carefully orchestrated process that included multiple evaluations and consultations, ensuring that the best candidate was chosen to lead EQB into its next chapter. The entire EQB community looks forward to Westlake’s leadership and the fresh wave of innovation that he will spearhead, supporting their ongoing mission to enrich people's lives through enhanced financial services. With a strong commitment to maintaining the values and culture established in the organization, Westlake's leadership is expected to resonate well with clients and stakeholders alike.

Moving forward, EQB Inc. remains focused on its strategic initiatives aimed at enhancing customer experiences, demonstrating its commitment to being not just a bank, but a trusted partner for individuals and businesses alike in Canada.