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CIBC names Bill Morneau chair effective Jan. 1, 2027

Morneau has served as a CIBC independent director since 2022 and currently chairs its Corporate Governance Committee.

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Form Type
6-K

Rhea-AI Filing Summary

Canadian Imperial Bank of Commerce (CIBC) appointed Bill Morneau as Chair of the Board, effective January 1, 2027. He will succeed Katharine B. Stevenson, who will retire from the Board on December 31, 2026, after six years as Chair and 10 years as an independent director.

Morneau has served as a CIBC independent director since 2022 and currently chairs the Board’s Corporate Governance Committee. He previously served as Canada’s Minister of Finance and as a Member of Parliament from 2015 to 2020.

Appointment effective date January 1, 2027 Bill Morneau's appointment as Chair of the Board
Board retirement date December 31, 2026 Katharine B. Stevenson's retirement from the Board
Chair tenure 6 years Katharine B. Stevenson
Independent director tenure 10 years Katharine B. Stevenson
CIBC independent director since 2022 Bill Morneau
Minister of Finance and Member of Parliament service 2015 to 2020 Bill Morneau served in Canada
independent director technical
"served as an independent director of CIBC since 2022"
An independent director is a member of a company's board of directors who is not involved in the company's day-to-day operations and has no significant relationships with the company that could influence their judgment. Their role is to provide unbiased oversight and ensure the company is managed in the best interests of all shareholders. This helps build trust and confidence among investors by promoting transparency and accountability.
Corporate Governance Committee technical
"chairs the Board's Corporate Governance Committee"
A corporate governance committee is a group of board members responsible for defining and overseeing the rules, policies and ethical standards that guide how a company is run, how directors are chosen, and how conflicts are managed. For investors it matters because this committee acts like a referee and coach—shaping leadership choices, enforcing accountability and reducing governance-related risks that can affect trust, reputation and long-term value.
Technology Committee technical
"previously served as chair of the Technology Committee"
A technology committee is a group of board members or senior managers who oversee a company’s technology strategy, major IT investments, and related risks—like a project steering team that sets priorities and checks progress. For investors, this matters because the committee influences how effectively a company uses technology to compete, control costs, protect data, and scale operations; strong oversight can reduce the chance of costly failures or missed opportunities.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

Who will be CIBC (CM)'s board chair, and when does the appointment take effect?

Bill Morneau will become Chair of the Board effective January 1, 2027. He has served as a CIBC independent director since 2022 and currently chairs the Board’s Corporate Governance Committee.

When will CIBC (CM) chair Katharine B. Stevenson retire?

Katharine B. Stevenson will retire from the Board on December 31, 2026. She will have served six years as Chair and 10 years as an independent director.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 6-K

Report of Foreign Private Issuer

Pursuant to Rule 13a-16 or 15d-16 under

the Securities Exchange Act of 1934

  For the month of October 2026   Commission File Number: 1-14678

 

 CANADIAN IMPERIAL BANK OF COMMERCE

 

 

(Translation of registrant’s name into English)

CIBC Square, 81 Bay Street

Toronto, Ontario

Canada M5J 0E7

 

 

(Address of principal executive offices)

 

 

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

 

Form 20-F   ☐   Form 40-F  ☑

 

 

 

 
 



SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

        CANADIAN IMPERIAL BANK OF COMMERCE
           
           
  Date: October 30, 2026     By: /s/ Allison Mudge
        Name: Allison Mudge
        Title: Senior Vice-President

 

 
 

 

Exhibits

 

Exhibits Description
  99.1   News release dated October 30, 2026 - CIBC Announces Appointment of Bill Morneau as Chair of the Board
       

 

 Exhibit 99.1

 

 

 

 

 

CIBC Announces Appointment of Bill Morneau as Chair of the Board

TORONTO, Oct. 30, 2026 /CNW/ -- CIBC (TSX: CM) (NYSE: CM) today announced the appointment of Bill Morneau as Chair of the Board, effective January 1, 2027. Mr. Morneau will succeed current Chair Katharine B. Stevenson who will retire from the Board on December 31, 2026, after six years as Chair and 10 years as an independent director.

Mr. Morneau has served as an independent director of CIBC since 2022. He currently chairs the Board's Corporate Governance Committee and has previously served as chair of the Technology Committee. He also serves as a director on CIBC's U.S. Board.

"Bill's strategic insight and extensive leadership experience in both the public and private sectors will be invaluable as the Board supports CIBC in the next phase of its client-focused and purpose-led growth strategy," said Ms. Stevenson. "It's been a true honour to serve as Chair, and I am grateful for the collaboration and commitment of my fellow directors and executive leadership team in driving CIBC's continued success," she added.

"On behalf of the Board, I want to recognize Kate for her outstanding leadership and valued counsel," said Mr. Morneau. "Her strategic guidance and deep commitment to CIBC, its clients and its shareholders have made a meaningful impact on the bank. I am honoured to succeed Kate and look forward to building on the strong foundation she has established."

Mr. Morneau brings extensive experience in government, public policy and business, as well as a strong international perspective. He served as Canada's Minister of Finance and as a Member of Parliament from 2015 to 2020. During that time, he was also Governor of the International Monetary Fund and the World Bank, and participated in major international socioeconomic forums. From 1990 to 2015, he led Morneau Shepell, which became Canada's largest human resources and pension services firm under his leadership.

In addition, Mr. Morneau currently serves as Chair of NovaSource Power Services and as a Director at Clairvest Group Inc.

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, 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.

SOURCE CIBC

 

View original content to download multimedia: http://www.newswire.ca/en/releases/archive/October2026/30/c9097.html

%CIK: 0001045520

For further information: For further information: Investor Relations -  Jason Patchett, 416-980-8691, jason.patchett@cibc.com; CIBC Media Relations - Tom Wallis, 416-980-4048, tom.wallis@cibc.com

CO: CIBC

CNW 07:20e 30-OCT-26

 

Filing Exhibits & Attachments

1 document

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