Business
CIBC President and CEO Victor Dodig Announces Plan to Retire October 31, 2025; Harry Culham Appointed Chief Operating Officer effective April 1, 2025 and Named to Succeed Dodig as CIBC President and CEO November 1, 2025
CIBC President and CEO Victor Dodig Announces Plan to Retire October 31, 2025; Harry Culham Appoi...
About this update from Canadian Imperial Bank Of Commerce
[{"type":"text","content":"\n\n\n\n CIBC President and CEO Victor Dodig Announces Plan to Retire October 31, 2025; Harry Culham Appointed Chief Operating Officer effective April 1, 2025 and Named to Succeed Dodig as CIBC President and CEO November 1, 2025\n \n\n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n\n\n\n\n\n Canada NewsWire\n \n\n\n\n\n\n TORONTO\n \n\n ,\n \n\n March 13, 2025\n \n\n /CNW/ - CIBC (TSX: CM) (NYSE: CM) today announced that\n \n Victor Dodig\n \n plans to retire as President and Chief Executive Officer, effective\n \n October 31, 2025\n \n , and that\n \n Harry Culham\n \n has been appointed as Chief Operating Officer effective\n \n April 1, 2025\n \n and will succeed Mr. Dodig as President and Chief Executive Officer, effective\n \n November 1, 2025\n \n . Mr. Dodig will serve as a special advisor to Mr. Culham and the Board from\n \n November 1, 2025\n \n to\n \n April 30, 2026\n \n to support a seamless transition.\n \n\n\n\n\n\n\n\n\n Mr. Dodig has served as President and CEO of CIBC since\n \n September 2014\n \n , guiding the bank through a period of significant transformation and growth. Under his leadership, CIBC has become a modern, relationship-oriented bank recognized for delivering superior client focus, consistent and reliable strategic growth, and top-tier shareholder returns.\n \n\n \"It has been an honour to lead CIBC and work alongside such a dedicated and purpose-led team,\" said Mr. Dodig. \"Together, we have built a strong foundation for the future, with a clear and consistent strategy focused on client relationships, financial strength, innovation, sustainability and genuine community engagement. I am very proud of all that we have accomplished together and believe the time is right to hand the baton to Harry. I look forward to working closely with Harry and our entire leadership team as we continue delivering exceptional value for our clients, shareholders, and communities.\"\n \n\n Over the past decade, CIBC built a highly connected and client-focused team and culture that is guided by a common purpose of helping make ambitions real, renewed its brand, mod...