CIBC announces Senior Executive Leadership Changes

Rhea-AI Summary

CIBC (TSX: CM) announced senior executive leadership changes effective January 1, 2026 to accelerate its client-focused strategy, modernization and human capital priorities. Key moves include Sandy Sharman transitioning to Special Advisor and retiring at the end of 2026; Christina Kramer taking added enterprise responsibilities across real estate, capabilities, brand and client experience; Richard Jardim appointed Senior EVP, Chief Technology and Information Officer, Global Technology, Data and AI; and Yvonne Dimitroff appointed EVP, Chief Human Resources Officer.

The changes emphasize technology modernization, AI adoption and elevated HR focus to support CIBC's strategy.

Positive

• Effective date of leadership changes: Jan 1, 2026
• Sandy Sharman to retire at end of 2026, enabling an orderly transition
• Richard Jardim to lead Global Technology, Data and AI, underscoring AI focus
• Christina Kramer adds enterprise real estate, capabilities and client experience
• Yvonne Dimitroff appointed CHRO with 14 years of HR leadership at the bank

Negative

• Leadership transition may require integration effort during 2026
• Retirement of Sandy Sharman removes 19 years of institutional HR experience

TORONTO, Dec. 4, 2025 /PRNewswire/ - CIBC (TSX: CM) (NYSE: CM) today announced senior leadership appointments to its Group Executive Leadership Team for 2026, to further accelerate the execution of its client-focused strategy by furthering connectivity, driving efficiencies through modernization, and elevating human capital.

"Building on our record financial performance in fiscal 2025, we're further strengthening our leadership team in areas where accelerating our execution will deliver more for our stakeholders," said Harry Culham, President and CEO of CIBC. "The deep bench strength of our talent is key to our enterprise wide connectivity and our continued strong momentum."

The following changes are effective January 1, 2026:

• Sandy Sharman, Senior Executive Vice-President and Group Head, People, Culture and Brand, will transition to the role of Special Advisor on January 1, 2026 and will retire at the end of 2026. Throughout Sandy's 19 years with our bank, she has been instrumental in leading the modernization of our Human Resources (HR) function and capabilities, reclaiming our purpose, reinvigorating our brand, enabling strong client and employee experience scores, modernizing our workplaces, and positioning our bank to extend our impact in our communities through our CIBC Foundation.
  
  "Sandy's contributions to CIBC are significant, including helping to architect our client-focused, connected culture and embedding our purpose into everything we do which is enabling the strong financial performance we're delivering across our bank," said Mr. Culham. "Her vision helped to reinvigorate our brand, build our new global headquarters at CIBC Square, and lead our team through the challenges of the global pandemic. We are grateful for her many contributions to the strength of our bank today."
  
  
• Christina Kramer, Senior Executive Vice-President and Chief Administrative Officer, will take on additional accountability for Enterprise Real Estate, Enterprise Capabilities and Organizational Agility, Brand, Community Investment, Client Experience, Communications, and Corporate Events. Christina brings more than 35 years of CIBC experience to these added responsibilities.
  
  "Christina's deep knowledge of CIBC's operations and her experience leading both frontline and infrastructure teams position her well to take on these key enterprise mandates," said Mr. Culham. "She has a deep understanding of the needs of our team and has first-hand experience in growing and deepening client relationships, all of which will add value to our team through her new responsibilities moving forward." 
  
  
• Richard Jardim will be appointed Senior Executive Vice-President, Chief Technology and Information Officer, Global Technology, Data and AI. In this role he will play a central role in modernizing and driving efficiencies through technology platforms and capabilities, including furthering CIBC's leadership in leveraging AI to enable our team to do more for our clients. Richard has been with our bank for 14 years and brings extensive technology, data and transformational leadership to the role.
  
  "Our modernization agenda will enable us to further leverage emerging opportunities in Artificial Intelligence and other technologies to empower our team to do more for our clients," noted Mr. Culham. "Richard's deep knowledge of our bank positions him well to lead this effort at a time when the opportunities to add value for stakeholders have never been higher."
  
  
• Yvonne Dimitroff will be appointed Executive Vice-President, Chief Human Resources Officer, People, Culture and Talent, accountable for leading our HR function and fostering a best-in-class culture for our CIBC team. Yvonne brings deep experience, including 14 years of HR leadership with our bank across Canada, the US and our global businesses. Her performance driven, relationship-focused approach will be an asset as she takes on this key role.
  
  "Our talent and our culture are key contributors to our current momentum, and sharpening our focus here will enable future growth," added Mr. Culham. "Yvonne's experience in shaping our culture and leading key HR functions for our bank across borders positions her well to drive an elevated focus on human capital as we sharpen our client focus and connectivity."

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 and 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.

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SOURCE CIBC

FAQ

When do the CIBC (CM) leadership changes take effect?

The appointments and role changes take effect on January 1, 2026.

Who will replace Sandy Sharman at CIBC and when is her retirement?

Sandy Sharman will transition to Special Advisor on Jan 1, 2026 and retire at the end of 2026.

What new role will Richard Jardim hold at CIBC (CM)?

Richard Jardim will be Senior EVP, Chief Technology and Information Officer, Global Technology, Data and AI.

What additional responsibilities will Christina Kramer have at CIBC (CM)?

Christina Kramer will add accountability for Enterprise Real Estate, Enterprise Capabilities and Organizational Agility, Brand, Community Investment, Client Experience, Communications, and Corporate Events.

Who is the new Chief Human Resources Officer at CIBC (CM)?

Yvonne Dimitroff will be Executive VP, Chief Human Resources Officer, People, Culture and Talent.