Canadian Bank of Commerce ( (TSE:CM) ) has shared an update.
CIBC has announced that its President and CEO, Victor Dodig, will retire on October 31, 2025, with Harry Culham set to succeed him on November 1, 2025. Dodig’s leadership has been marked by significant transformation and growth, including strategic acquisitions and a focus on client relationships, innovation, and sustainability. Culham, who has a proven track record in leading CIBC’s Capital Markets and other key areas, will assume the role of Chief Operating Officer on April 1, 2025, to ensure a smooth leadership transition. This change is expected to maintain CIBC’s momentum in delivering value to clients, shareholders, and communities.
More about Canadian Bank of Commerce
CIBC is a leading North American financial institution serving 14 million clients across personal banking, business, public sector, and institutional sectors. The bank offers a comprehensive range of services in Personal and Business Banking, Commercial Banking and Wealth Management, and Capital Markets through its digital banking network and physical locations in Canada, the United States, and globally.
YTD Price Performance: -10.87%
Average Trading Volume: 977,206
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $52.2B
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