US EditionEQB Names Open Text Chief Financial Officer Chadwick Westlake as Next CEO
CANADA, JUL 9 – Chadwick Westlake, former CFO, will lead Equitable Bank after Andrew Moor's unexpected death, continuing a planned succession and aiming to steady growth with $134 billion in assets under management.
- In summer 2025, EQB Inc. appointed Chadwick Westlake as CEO following the unexpected June death of former CEO Andrew Moor.
- Following Andrew Moor’s unexpected death in June, EQB's board accelerated a years-long succession plan led by a special committee and director Susan Ericksen.
- During his four-and-a-half years as CFO, Westlake doubled EQ Bank's share price from ~$47 to $101 and grew assets under management to $134 billion before becoming CEO on August 25.
- Following Westlake’s upcoming arrival, interim CEO Lenarduzzi remains in place until he stabilizes the bank and appoints a permanent CFO, with Westlake's priorities focused on growth and confidence.
- Analysts suggest EQ Bank could be a takeover target as shareholder Stephen Smith has increased his stake, amid ongoing strategic activity and Westlake's leadership transition.
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NewswireOpenText Announces Chadwick Westlake to pursue CEO opportunity in Canadian banking sector
/PRNewswire/ -- Open Text Corporation (NASDAQ: OTEX), (TSX: OTEX) announced today that Chadwick Westlake will step down as EVP, Chief Financial Officer to...
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