The transition season is underway at CIBC as Victor Dodig, a prominent figure in the financial world, plans to step down from his position as president and CEO as of October 31, 2025. Leaving behind a legacy where he has guided over 47,000 members towards promising horizons, Harry Culham is preparing to take the reins. Mr. Culham, currently head of capital markets, is set to breathe new life into the institution. This change in the senior management of CIBC marks the beginning of a new era characterized by bold strategic opportunities.
Change at the Top of CIBC
Victor Dodig, the current president and CEO of Canadian Imperial Bank of Commerce (CIBC), has recently announced his intention to retire from his duties effective October 31, 2025. Having led a strong team of over 47,000 members worldwide, Dodig has left an indelible mark on this institution, transforming it into a relationship-focused bank in a modern world. Under his leadership, CIBC has committed to a client-centered approach and has strengthened its efforts to ensure a more sustainable future, as mentioned in his recent announcement regarding executive appointments.
Harry Culham, the Designated Successor
With Dodig’s departure, Harry Culham, head of capital markets at CIBC, is slated to take over as the chief operating officer. Culham, who joined CIBC in 2008, has climbed the ranks, gradually taking on increasingly significant responsibilities within the organization. His extensive experience and knowledge of capital markets position Culham as an ideal choice to continue advancing the bank’s client-focused strategy. With these changes, CIBC aims to expand opportunities for several of its senior executives and propel the bank to new heights.
Impact on the Future of CIBC
In light of this significant change in the senior management of CIBC, the bank is announcing additional appointments that will strengthen its momentum in creating sustainable value for all stakeholders. The adjustments being made aim to position the bank to continue executing its strategy while meeting the ambitions of its clients. For more information on the new appointments, please see CIBC’s official announcement here. You can also find more details regarding these changes by reading this article from La Presse.
