Latest news with #EQB
Miami Herald
7 days ago
- Automotive
- Miami Herald
Mercedes-Benz Launches Aggressive EQB Lease Offer for July
Mercedes-Benz isn't exactly known for its bargain pricing, especially when it comes to its electric lineup. But for July, the German luxury brand is bucking expectations with a surprisingly aggressive lease deal on its EQB compact SUV. It's a rare move for Mercedes, and one that might make the EV-curious stop and reconsider where luxury meets affordability. The EQB, which shares its underpinnings with the boxy and practical GLB-Class, stands out with its upright design, optional third-row seating, and premium cabin finish. Unlike many other electric SUVs in the $50,000 range, it delivers that experience with real Mercedes character-quiet, comfortable, and well-equipped out of the box. So, what's the offer? For July 2025, Mercedes-Benz is advertising a lease on the 2024 EQB 250+ for just $299 a month for 36 months, with $4,093 due at signing. That includes 30,000 miles over the lease term-more than enough for most urban and suburban drivers. It's one of the most aggressive lease offers we've seen from Mercedes in years, especially for an EV. If you're already driving a Mercedes on a lease or finance plan, there's more good news: returning customers can knock an additional $2,000 off the signing amount. Combined with dealer discounts, some of which are reportedly in the five-figure range, it's a rare window to grab a luxury EV for a price that rivals mainstream brands. Under the skin, the EQB isn't the flashiest EV on paper. The front-wheel-drive EQB 250+ that this lease offer applies to is rated for 188 horsepower and a 0–60 mph time in the eight-second range. It won't smoke tires, but that's not the point. This model is about smart electric commuting, elevated by premium materials and clever packaging. With a usable 251-mile range, it's ideal for daily drives, weekend errands, and short road trips, with the added peace of mind of Mercedes's dealer network and a top-notch interior. Where the EQB really shines is its shape. That tall, boxy profile translates into excellent headroom and visibility. Drivers who feel cramped in sleeker EVs-or who need to haul taller kids or larger gear-will find this design refreshingly practical. It's basically the luxury EV answer to a small minivan, and we mean that in the best way. The EQB might not be the flashiest EV in Mercedes-Benz's stable, but this lease deal makes it one of the smartest buys this summer. With a premium interior, useful range, and now a genuinely compelling monthly price, the EQB 250+ deserves a fresh look. If you're cross-shopping smaller electric SUVs like the Volvo XC40 Recharge or Audi Q4 E-Tron, it's hard to ignore just how much value Mercedes is packing into this boxy little hauler, especially when you consider the badge on the hood. This deal won't last forever, and with EQB inventory sitting at dealers across the country, now might be the right time to act before they're all gone. *Disclaimer: This article is provided for informational purposes only. The information presented herein is based on manufacturer-provided lease offer information, which is subject to frequent change and may vary based on location, creditworthiness, and other factors. We are not a party to any lease agreements and assume no liability for the terms, conditions, availability, or accuracy of any lease offers mentioned. All terms, including but not limited to pricing, mileage allowances, and residual values, require direct verification with an authorized local OEM dealership. This article does not constitute financial advice or an endorsement of any particular lease or vehicle. Copyright 2025 The Arena Group, Inc. All Rights Reserved.
CTV News
09-07-2025
- Business
- CTV News
EQB names Open Text chief financial officer Chadwick Westlake as next CEO
A sign is displayed outside the headquarters of EQ Bank, a subsidiary of Equitable Group Inc, is seen in Toronto, Ontario, Canada May 1, 2017. TORONTO — EQB Inc. has named Open Text chief financial officer Chadwick Westlake as its next chief executive, succeeding Andrew Moor, who died unexpectedly last month. Westlake, who will assume the role effective Aug. 25, is a former chief financial officer of EQB, which owns Equitable Bank. EQB board chair Vincenza Sera says Westlake knows the business inside and out and is uniquely positioned to uphold the company's culture and innovation mindset. Marlene Lenarduzzi, who was named interim president and CEO at EQB after Moor died, will remain in the job until Westlake joins the company officially. She will return to her role as chief risk officer once he is in place. Moor grew EQB into Canada's seventh-largest bank during his nearly two-decade tenure at the helm and was a strong proponent for Canada to adopt an open banking regime that could increase competition. --- This report by The Canadian Press was first published July 9, 2025.
Yahoo
09-07-2025
- Business
- Yahoo
EQB names former CFO and Scotiabank veteran as CEO
The board of EQB Inc., whose chief executive Andrew Moor passed away suddenly in June, has named the company's former chief financial officer, Chadwick Westlake, as the new CEO and president, effective Aug. 25. Westlake worked at the Bank of Nova Scotia for nearly two decades before joining EQB, the upstart financial services company that owns Equitable Bank, in 2020. He left EQB in March to join OpenText Corp. as its chief financial officer. EQB was in the midst of a two-year succession process when Moor unexpectedly died in late June, shortly after turning 65. Marlene Lenarduzzi, Equitable's chief risk officer, was named interim CEO and president on June 24. She was also appointed to the board. The company said she would remain in the position until Westlake, who was a key player in EQB's recent growth, rejoins the company. 'As the former CFO of EQB, his leadership and action helped drive the acquisition and integration of Concentra Bank, the addition of alternative asset manager ACM Advisors and the significant expansion of Equitable Bank's capital markets capabilities and platform,' the company said in a statement on Wednesday. '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.' The bank said Westlake stood out among the candidates who emerged from a search to replace the CEO in a succession process in which Moor himself had participated and had Moor's support. 'Having successfully served us in an executive capacity for many years, he is uniquely positioned to uphold the challenger bank culture and innovation mindset that drives us forward,' EQB said. 'With a clear vision and deep understanding of what makes EQB exceptional, Chadwick is well equipped to steer EQB into its next chapter of growth.' From 2020 to March 2025, Westlake was responsible for EQB's corporate strategy and development, treasury and securitization activities, investor relations, all core finance functions and legal affairs, which the company said prepares him to 'seamlessly' assume the CEO role. He previously spent 18 years at Scotiabank working in a variety of divisions, including Canadian banking, wealth management, international banking and global banking and markets. His corporate functions included global risk management, operations and finance, and he last served as executive vice-president of enterprise productivity and Canadian banking finance. '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,' Westlake said in a statement. 'EQB's market position is strong, with its full potential still to be unleashed. It is the greatest honour of my career to take up the mantle of Andrew's inspired leadership and rejoin my challenger teammates to further the remarkable institution he built.' He said he plans to stay focused on the current path while 'unlocking' new growth, relevance and impact. Darko Mihelic, a bank analyst at RBC Dominion Securities Inc., said Westlake's appointment as CEO was a 'logical choice under difficult circumstances.' In a note to clients, he said it is a positive development for EQB, given Westlake's experience as an executive at the bank who oversaw key acquisitions during a period of growth that included development of a now $3.1-billion European covered bond program. Moor was a pioneer in fintech and digital banking. At Equitable, he helped navigate the global financial crisis and then transform a trust company with $3 billion in assets into a digital bank with more than $100 billion of assets under administration. Equitable Bank CEO Andrew Moor dies at 65 EQB CFO Chadwick Westlake to join Open Text In 2007, when he joined the company, it had about 100 employees and a market capitalization of less than $400 million. Under his leadership, it grew to employ about 2,000 people with a market cap of nearly $3.7 billion. • Email: bshecter@ Sign in to access your portfolio
Winnipeg Free Press
09-07-2025
- Business
- Winnipeg Free Press
EQB names Open Text chief financial officer Chadwick Westlake as next CEO
TORONTO – EQB Inc. has named Open Text chief financial officer Chadwick Westlake as its next chief executive, succeeding Andrew Moor, who died unexpectedly last month. Westlake, who will assume the role effective Aug. 25, is a former chief financial officer of EQB, which owns Equitable Bank. EQB board chair Vincenza Sera says Westlake knows the business inside and out and is uniquely positioned to uphold the company's culture and innovation mindset. Marlene Lenarduzzi, who was named interim president and CEO at EQB after Moor died, will remain in the job until Westlake joins the company officially. She will return to her role as chief risk officer once he is in place. Moor grew EQB into Canada's seventh-largest bank during his nearly two-decade tenure at the helm and was a strong proponent for Canada to adopt an open banking regime that could increase competition. This report by The Canadian Press was first published July 9, 2025. Companies in this story: (TSX:EQB, TSX:OTEX)
Yahoo
09-07-2025
- Business
- Yahoo
Canada's EQB brings back former finance chief Westlake as CEO
(Reuters) -Canadian lender EQB said on Wednesday former finance head Chadwick Westlake will return as its CEO, just months after he left to become the chief financial officer at software firm OpenText. Westlake will succeed Andrew Moor, 65, who died last month. Moor is credited with transforming EQB into one of Canada's largest banks during his more than 18 years at the helm. Westlake, who will take charge on August 25, was previously the company's CFO from 2020 to March 2025. He has also spent nearly two decades at EQB's Canadian peer Scotiabank in various executive roles. As CFO, Westlake had overseen EQB's acquisition of smaller rival Concentra Bank and alternative asset manager ACM Advisors, as well as the expansion of the bank's capital markets business. "Given Mr. Westlake's history with the company, we believe that its trajectory will be largely unchanged and that a strategic review by the Board will no longer be necessary," Jefferies analyst John Aiken said. Following Moor's death, the bank had activated its emergency succession plan and appointed chief risk officer Marlene Lenarduzzi as its interim CEO. EQB, under Moor's leadership, expanded to C$134 billion ($97.94 billion) of combined assets under management and administration from roughly C$4.4 billion of assets under administration in 2007. Lenarduzzi will remain the interim CEO and return to her original role upon Westlake's arrival. OpenText said Chief Accounting Officer Cosmin Balota will serve as the interim CFO until a search to identify Westlake's successor is completed. ($1 = 1.3682 Canadian dollars) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
