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Canadian Imperial Bank of Commerce (CIBC)
Symbol CM
Shares Issued 944,595,207
Close 2024-09-05 C$ 80.71
Market Cap C$ 76,238,279,157
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Globe says CIBC announces senior leadership changes

2024-09-06 08:08 ET - In the News

The Globe and Mail reports in its Friday, Sept. 6, edition that Canadian Imperial Bank of Commerce is reshuffling its top executives for the second time this year. The Globe's James Bradshaw writes that a key deputy to chief executive officer Victor Dodig is stepping back from day-to-day operations, impacting the contenders for the bank's next CEO. Jon Hountalas will be taking on the role of vice-chair of North American banking at CIBC. He will be stepping back from his daily responsibilities as the group head of Canadian banking, a role in which he has overseen retail and commercial banking as well as wealth management. With nearly 40 years of experience in banking, he will continue to be part of the bank's executive committee, reporting to Mr. Dodig. Susan Rimmer will be named group head of commercial banking and wealth, joining the top executives after two years as global head of corporate and investment banking. Harry Culham keeps his current job as head of capital markets and adds oversight of the bank's asset management arm. Christian Exshaw, the bank's head of global markets, will be named deputy head of capital markets, taking over the corporate and investment banking role vacated by Ms. Rimmer.

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