Management ChangeMay 28, 2026, 07:36 AM
CIBC Announces Senior Executive Leadership Changes
AI Summary
CANADIAN IMPERIAL BANK OF COMMERCE (CIBC) announced senior executive leadership changes to enhance connectivity and collaboration, aiming to accelerate execution and build on strong business performance. Key appointments include Susan Rimmer leading North American Commercial Banking and Eric Belanger heading North American Wealth Management. Christina Kramer will transition out, while Amy South takes on the CAO and Chief of Staff role. The bank also outlined a new financial reporting structure with four business segments, effective in the fourth quarter of 2026.
Key Highlights
- Susan Rimmer appointed Senior Executive Vice-President and Group Head, Commercial Banking (Canada, U.S., and OCEO).
- Eric Belanger appointed Senior Executive Vice-President and Group Head, Wealth Management (Canada and U.S.).
- Christina Kramer, Senior Executive Vice-President and CAO, will transition to Special Advisor and leave the bank on October 31.
- Amy South appointed Senior Executive Vice-President, CAO and Chief of Staff, overseeing CIBC Mellon and various functions.
- Richard Jardim, Chief Technology and Information Officer, will add responsibility for the Chief Security Office.
- Robert Sedran, CFO, will gain oversight for Enterprise Transformation.
- Stephen Scholtz, Global Chief Legal Officer, will expand his mandate to include Corporate Governance and Sustainability.
- CIBC will update its segment reporting to four business segments in Q4 2026.
Price Impact
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