Canadian Imperial Bank Picks Harry Culham As Next CEO

Canadian Imperial Bank of Commerce CM has announced that its current President and CEO, Victor Dodig, will retire on October 31, 2025.

Harry Culham, who will take over as President and CEO on November 1, 2025, has been appointed Chief Operating Officer effective April 1, 2025.

Dodig will continue to assist in the transition as a special advisor until April 2026, ensuring a smooth leadership handover, the bank reported.

Since taking the helm in 2014, Dodig has steered CIBC through substantial transformation, positioning the bank as a relationship-driven entity recognized for its client focus and strong financial performance.

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Harry Culham is set to lead the bank starting November 1, 2025. Culham first joined CIBC in Vancouver as an intern and participated in one of the bank’s first ever graduate programs. He rejoined CIBC in 2008, ultimately leadingleading CIBC’s global Capital Markets business in 2015.

“Harry is a proven leader who has worked alongside me, our board and the rest of our CIBC team to build the bank we are today,” said Dodig.

“His client focus, inclusive leadership and track record of performance and consistency position him perfectly to take the bank forward and build on the momentum we have established. I look forward to working closely with him over the coming months.”

Culham's efforts have been crucial in transforming CIBC's Capital Markets business, reducing volatility while maintaining high credit quality.

Culham has also led several initiatives at CIBC, including overseeing CIBC Caribbean and CIBC Mellon.

Price Action: CM shares are trading higher by 0.64% at $56.30 in premarket at last check Thursday.

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