Particle.news

Download on the App Store

EQB Inc. Taps Marlene Lenarduzzi as Interim CEO After Andrew Moor’s Sudden Death

Having spent years preparing for Moor’s planned retirement, the bank is set to name a permanent CEO soon.

Andrew Moor, CEO of EQ Bank, in 2023. Mr. Moor died at age 65 over the weekend, the bank said on Tuesday.
EQ Bank CEO Andrew Moor at Bloomberg's Toronto bureau on April 5, 2024
Andrew Moor, CEO of EQ Bank, is photographed in Toronto, Monday, April 17, 2023.

Overview

  • Andrew Moor died unexpectedly at 65 over the weekend, ending his 18-year tenure as CEO of EQB.
  • Current chief risk officer Marlene Lenarduzzi has been named interim CEO effective immediately.
  • Under Moor’s leadership, EQB grew from a regional trust with $4.4 billion in assets to a major bank with $134 billion under management and nearly 2,000 employees.
  • The board had spent two years preparing for Moor’s planned retirement and expects to name his permanent successor in the near term.
  • Board chair Vincenza Sera hailed Moor as a visionary advocate for innovation and extended condolences to his family.