CIBC (NYSE: CM) revamps executive team and reporting segments
Rhea-AI Filing Summary
Canadian Imperial Bank of Commerce is reshaping its senior leadership and business structure to strengthen its North American franchise. Susan Rimmer now leads Commercial Banking across Canada and the U.S., while Eric Belanger oversees Wealth Management in both markets. Kevin Li continues as Group Head, U.S. Region and CEO of CIBC Bank USA.
On the infrastructure side, long-time executive Christina Kramer will become Special Advisor and depart on October 31, while Amy South becomes Senior Executive Vice-President, CAO and Chief of Staff. CIBC will report four business segments – Canadian Personal and Business Banking, Commercial Banking, Wealth Management, and Capital Markets – with updated segment reporting expected in Q4 2026, before Q4 results on December 3, 2026. The bank highlights its broad platform serving about 15 million clients.
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Key Figures
Key Terms
Group Executive Leadership Team financial
segment reporting financial
Chief Administrative Officer financial
forward-looking statements regulatory
Supplementary Financial Information financial
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FAQ
What senior leadership changes did CIBC (CM) announce in this 6-K?
How is CIBC (CM) changing its financial reporting segments?
When will the new CIBC (CM) reporting structure take effect?
Which executive at CIBC (CM) is transitioning to Special Advisor and when?
What new responsibilities will Amy South take on at CIBC (CM)?
How many clients does CIBC (CM) serve across its businesses?
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 May, 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: May 28, 2026 | By: | /s/ Allison Mudge | |||
| Name: | Allison Mudge | ||||
| Title: | Senior Vice-President | ||||
Exhibits
| Exhibits | Description | ||
| 99.1 | News release dated May 28, 2026 - CIBC announces Senior Executive Leadership Changes | ||
Exhibit 99.1
CIBC announces Senior Executive Leadership Changes
Enhancing connectivity and collaboration to accelerate momentum
TORONTO, May 28, 2026 /CNW/ - CIBC (TSX: CM) (NYSE: CM) today announced senior leadership changes to its Group Executive Leadership Team. These changes will position the bank to further leverage its purpose-led and client-focused team and strong North American platform to accelerate execution, building on the bank's strong business performance and clear momentum.
"Across each of our businesses in Canada, the U.S., and globally, the disciplined execution of our strategy and a deep commitment to our clients have driven strong business results across our bank," said Harry Culham, President and CEO of CIBC. "The changes we are announcing today are focused on accelerating our progress as a client-focused, connected, and performance-driven bank that creates value for all our stakeholders."
The following changes are effective May 28, 2026:
Strategic Business Units
These changes will reinforce the connectivity that has become a clear differentiator for CIBC in serving clients across North America and around the world.
- Susan Rimmer has been appointed Senior Executive Vice-President
and Group Head, Commercial Banking, as she continues to lead Commercial Banking in Canada, and also assumes accountability for Commercial
Banking in the U.S., as well as the Office of the CEO (OCEO).
"Susan is recognized for her client-focused approach," said Mr. Culham. "Commercial enterprises are at the heart of economic growth, and we're committed to building on our legacy as the bank of commerce to help these businesses thrive. Bringing together our Commercial Banking business on both sides of the border will further our ability to provide our clients with the solutions, insights, and advice they need to succeed."
- Eric Belanger has been appointed Senior Executive Vice-President
and Group Head, Wealth Management, as he assumes accountability for Wealth Management in Canada and the U.S., including Global Asset Management,
U.S. Private Wealth, Wood Gundy, Private Banking & Family Office, Investor's Edge, and CIBC Private Investment Counsel.
"Eric has spent more than 30 years with our bank in a range of leadership roles and has a strong track record of building innovative solutions, deepening client relationships, and delivering growth," said Mr. Culham. "Aligning our North American Wealth businesses will strengthen connectivity and collaboration as we bring the best of our bank to clients, and support continued growth in Canada and the U.S."
- Kevin Li will continue in his role as Senior Executive
Vice-President and Group Head, U.S. Region, and President and CEO, CIBC Bank USA.
"Kevin will continue in his current role overseeing our U.S. Region as we leverage our connectivity across businesses to deepen and expand client relationships," said Mr. Culham. "Kevin's exceptional client-focus, relationships across the U.S., Canada, and Europe, and his disciplined execution will be invaluable as we further scale our growth in the U.S. across Commercial Banking, Capital Markets, and Wealth Management."
CIBC will have four business segments for financial reporting purposes (in addition to Corporate and Other): Canadian Personal and Business Banking, Commercial Banking, Wealth Management, and Capital Markets. We expect to update our segment reporting in accordance with the new structure in the fourth quarter of 2026 upon completion of supporting changes in our internal management reporting processes, and to provide a restated Supplementary Financial Information package reflecting the new reporting structure prior to the issuance of the bank's Q4 results on December 3, 2026.
Infrastructure Groups
These changes align teams against key priorities, and enable strong execution of the bank's client-focused strategy.
- Christina Kramer, Senior Executive Vice-President and Chief
Administrative Officer (CAO), will transition to the role of Special Advisor and leave the bank on October 31. Christina dedicated her
40-year career to our bank, making significant contributions in leadership roles across Human Resources, Personal and Business Banking,
Technology, Operations, and most recently as CAO.
"Across both business and infrastructure leadership roles, Christina has consistently put our clients at the centre of our efforts, and has led key teams across our bank with a collaborative approach to executing on our strategy," said Mr. Culham. "In each of her leadership roles, she has set a high standard for operating with excellence and reflecting our purpose-led, genuinely caring culture. We are a stronger bank today thanks to her contributions."
- Amy South has been appointed Senior Executive Vice-President,
CAO and Chief of Staff, and will maintain oversight of CIBC Mellon. She will have accountability for Business Enablement and Governance;
Brand, Community, Client Experience; Communications; Corporate Security; Enterprise Real Estate; Infrastructure and Modernization; Procurement
and Enterprise Projects, and Global Government Relations.
"Amy brings deep experience across client-facing, CAO and Finance roles at our bank," said Mr. Culham. "Her breadth of experience and enterprise perspective will be invaluable as she and her team help to accelerate the execution of our strategy."
In addition, the following leaders continue in their current roles and take on additional accountabilities:
- Richard Jardim, Senior Executive Vice-President, Chief Technology and Information Officer, Global Technology, Data and AI, will add responsibility for the Chief Security Office.
- Robert Sedran, Senior Executive Vice-President, Chief Financial Officer and Enterprise Strategy, will gain oversight for Enterprise Transformation.
- Stephen Scholtz, Executive Vice-President and Global Chief Legal Officer, will expand his mandate to include Corporate Governance and Sustainability.
The following leaders continue in their current roles as part of CIBC's Group Executive Leadership Team:
- Yvonne Dimitroff, Executive Vice-President, Chief Human Resources Officer, People, Culture and Talent
- Christian Exshaw, Senior Executive Vice-President and Group Head, Capital Markets
- Frank Guse, Senior Executive Vice-President and Chief Risk Officer
- Hratch Panossian, Senior Executive Vice-President and Group Head, Personal and Business Banking
A NOTE ABOUT FORWARD-LOOKING STATEMENTS: From time to time, we make written or oral forward-looking statements within the meaning of certain securities laws, including in this press release, in other filings with Canadian securities regulators or the U.S. Securities and Exchange Commission and in other communications. These statements include, but are not limited to, statements about our operations, business lines, financial condition, risk management, priorities, targets, ongoing objectives, strategies and outlook. Forward-looking statements are subject to inherent risks and uncertainties that may be general or specific. A variety of factors, many of which are beyond our control, affect our operations, performance and results, and could cause actual results to differ materially from the expectations expressed in any of our forward-looking statements, including general business and economic conditions worldwide; amendments to, and interpretations of, risk-based capital guidelines; and changes in monetary and economic policy. We do not undertake to update any forward-looking statement except as required by law.
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.
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SOURCE CIBC
View original content to download multimedia: http://www.newswire.ca/en/releases/archive/May2026/28/c3647.html
%CIK: 0001045520
For further information: For further information: Tom Wallis, CIBC Communications & Public Affairs, tom.wallis@cibc.com or 416-980-4048
CO: CIBC
CNW 06:30e 28-MAY-26