CIBC announces Senior Executive Leadership Changes

Enhancing connectivity and collaboration to accelerate momentum

TORONTO, May 28, 2026 /PRNewswire/ - CIBC (TSX: CM) (NYSE: CM) today announced senior leadership changes to its Group Executive Leadership Team. These changes will position the bank to further leverage its purpose-led and client-focused team and strong North American platform to accelerate execution, building on the bank's strong business performance and clear momentum.

"Across each of our businesses in Canada, the U.S., and globally, the disciplined execution of our strategy and a deep commitment to our clients have driven strong business results across our bank," said Harry Culham, President and CEO of CIBC. "The changes we are announcing today are focused on accelerating our progress as a client-focused, connected, and performance-driven bank that creates value for all our stakeholders."

The following changes are effective May 28, 2026:

Strategic Business Units

These changes will reinforce the connectivity that has become a clear differentiator for CIBC in serving clients across North America and around the world. 

CIBC will have four business segments for financial reporting purposes (in addition to Corporate and Other): Canadian Personal and Business Banking, Commercial Banking, Wealth Management, and Capital Markets. We expect to update our segment reporting in accordance with the new structure in the fourth quarter of 2026 upon completion of supporting changes in our internal management reporting processes, and to provide a restated Supplementary Financial Information package reflecting the new reporting structure prior to the issuance of the bank's Q4 results on December 3, 2026.

Infrastructure Groups

These changes align teams against key priorities, and enable strong execution of the bank's client-focused strategy.

In addition, the following leaders continue in their current roles and take on additional accountabilities:

The following leaders continue in their current roles as part of CIBC's Group Executive Leadership Team:

A NOTE ABOUT FORWARD-LOOKING STATEMENTS: From time to time, we make written or oral forward-looking statements within the meaning of certain securities laws, including in this press release, in other filings with Canadian securities regulators or the U.S. Securities and Exchange Commission and in other communications. These statements include, but are not limited to, statements about our operations, business lines, financial condition, risk management, priorities, targets, ongoing objectives, strategies and outlook. Forward-looking statements are subject to inherent risks and uncertainties that may be general or specific. A variety of factors, many of which are beyond our control, affect our operations, performance and results, and could cause actual results to differ materially from the expectations expressed in any of our forward-looking statements,  including general business and economic conditions worldwide; amendments to, and  interpretations of, risk-based capital guidelines; and changes in monetary and economic policy. We do not undertake to update any forward-looking statement except as required by law. 

About CIBC

CIBC is a leading North American financial institution with 15 million personal banking, business, public sector and institutional clients. Across Personal and Business Banking, Commercial Banking, Wealth Management, and Capital Markets, CIBC offers a full range of advice, solutions and services through its leading digital banking network, and locations across Canada, in the United States and around the world. Ongoing news releases and more information about CIBC can be found at www.cibc.com/ca/media-centre.

View original content to download multimedia:https://www.prnewswire.com/news-releases/cibc-announces-senior-executive-leadership-changes-302784320.html

SOURCE CIBC