Canadian Imperial Bank of Commerce (CM) said Thursday that Victor Dodig intends to retire as chief executive and president, effective Oct. 31.
The company has named Harry Culham as chief operating officer, effective April 1. Culham, who has experience of leading capital markets and other key areas of CIBC's businesses, will succeed Dodig as CEO and president, effective Nov. 1.
CIBC said Dodig will serve as a special adviser to Culham and its board from Nov. 1, 2025, through April 30, 2026.
The company's shares were up 2.1% in recent premarket activity.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.