Chadwick Westlake took office as President and Chief Executive Officer of EQB Inc., the parent company of Equitable Bank and Canada's self-described Challenger Bank, on 25 August 2025, as announced on 9 July. His appointment concluded a succession process that the board said began several years earlier with the support of long-serving CEO Andrew Moor, who died in June 2025. Westlake succeeds interim chief executive Marlene Lenarduzzi, who stepped into the role after Moor's death and returns to her position as Chief Risk Officer, and he becomes the first permanent chief executive of the organisation to be appointed since Moor's death.
EQB described the appointment as the culmination of a succession plan that had been in development over multiple years. The decision to bring back the group's former CFO, who had spent the intervening months as CFO of OpenText, followed an assessment of candidates by a special board committee assisted by a global recruitment firm.