No this is a great thing. His opponent is an ally of the former president Rafael Correa, convicted of corruption and now hiding out in Belgium. She would bring him back and pardon him.
Correa constantly attacked the press, forced the US to close a naval base which kept the waters around Ecuador safe from drug cartels, and Correa himself has ties to criminal organizations.
If you only know this new president is center right and the woman who lost center left I understand you would think this is not a good result, but as a left of center person myself I am immensely relieved.