By Adriano Marchese
Canadian Imperial Bank of Commerce's president and chief executive officer, Victor Dodig, is set to retire after 11 years in the lead role.
The Canadian financial institution said Thursday that it has appointed Harry Culham to succeed Dodig on Nov. 1. Presently, Culham has been appointed as chief operating officer effective April 1, where CIBC's operating businesses will report to Culham to help facilitate the leadership transition and continued focus on clients and performance, the bank said.
Culham first joined CIBC in Vancouver as an intern, participating in the bank's first graduate program. After which, he gained experience in senior banking roles in Europe and Asia before joining CIBC again in 2008.
In 2015, he served as head of CIBC's global Capital Markets business, CIBC said.
Dodig's retirement is effective of Oct. 31, and Culham will be appointed CEO of the bank the following day.
Dodig will remain on board to serve as special advisor to Culham and the board until April 30, 2026, to support a seamless transition.
Write to Adriano Marchese at adriano.marchese@wsj.com
(END) Dow Jones Newswires
March 13, 2025 06:27 ET (10:27 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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