Canadian Imperial Bank (NYSE:CM) Stock

Canadian Imperial Bank

Canadian Imperial Bank of Commerce is Canada's fifth-largest bank with around CAD 1 trillion in assets. It operates four business segments: Canadian retail and business banking, Canadian commercial banking and wealth management, US commercial banking and wealth management, and capital markets. It serves approximately 14 million personal banking and business customers, primarily in Canada and the US.

Canadian Imperial Bank of Commerce Common Stock

Canadian Imperial Bank of Commerce

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Canadian Imperial Bank of Commerce (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CM#NYSE">CM</a>) has <a target="_blank" href="https://www.benzinga.com/pressreleases/25/03/n44297108/cibc-president-and-ceo-victor-dodig-announces-plan-to-retire-october-31-2025-harry-culham-appointe" rel="noreferrer noopener">announced that its current President </a>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&nbsp;Vancouver&nbsp;as an intern and participated in one of the bank&#8217;s first ever graduate programs. He rejoined CIBC in 2008, ultimately leadingleading CIBC&#8217;s global Capital Markets business in 2015.
&#8220;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,&#8221; said Dodig.
&#8220;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.&#8221;
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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Equities

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Management

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Canadian Imperial Bank Picks Harry Culham As Next CEO

CIBC Says Victor Dodig Plans To Retire As President And CEO, Effective October 31, 2025; Harry Culham Named As COO, Effective April 1 And To  Succeed Dodig As CEO, Effective November 1

CIBC Discloses A Progress Update On Its' ESG Strategy And Outline How The Bank Is Helping To Drive  Changes Toward A More Sustainable Future

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Canadian Imperial Bank (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CM#NYSE">CM</a>) reported quarterly earnings of $2.20 per share which beat the analyst consensus estimate of $1.97 by 11.68 percent. This is a 65.41 percent increase over earnings of $1.33 per share from the same period last year. The company reported quarterly sales of $7.28 billion which beat the analyst consensus estimate of $6.85 billion by 6.22 percent. This is a 59.29 percent increase over sales of $4.57 billion the same period last year.

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