CIBC Appoints Former Finance Minister Bill Morneau as Board Chair
Canadian Imperial Bank of Commerce (CIBC) has announced that Bill Morneau, the former Canadian Minister of Finance, will succeed Katharine B. Stevenson as the chair of its board of directors. The transition is scheduled to take effect on January 1, 2027. Stevenson is set to retire from the board on December 31, 2026. This leadership change brings significant political and economic expertise to CIBC's governance structure as it prepares for its next phase of oversight.