Canadian Imperial Bank of Commerce (CIBC) on 28 May 2026 announced changes to its Group Executive Leadership Team under President and Chief Executive Harry Culham, bringing its commercial banking and wealth management businesses in Canada and the U.S. under single leaders. The changes took effect the same day.
NORTH AMERICAN BUSINESSES COMBINED
Susan Rimmer has been appointed Senior Executive Vice-President and Group Head, Commercial Banking. She continues to lead Commercial Banking in Canada and assumes accountability for Commercial Banking in the U.S., as well as the Office of the CEO. “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,” Culham said.
Eric Belanger has been appointed Senior Executive Vice-President and Group Head, Wealth Management, with 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. Kevin Li continues as Senior Executive Vice-President and Group Head, U.S. Region, and President and CEO of CIBC Bank USA.
CIBC will report four business segments in addition to Corporate and Other: Canadian Personal and Business Banking, Commercial Banking, Wealth Management and Capital Markets. It expects to update its segment reporting in the fourth quarter of 2026 and to publish restated supplementary financial information before its fourth-quarter results on 3 December 2026.
INFRASTRUCTURE CHANGES
Christina Kramer, Senior Executive Vice-President and Chief Administrative Officer, will become Special Advisor and leave the bank on 31 October after a 40-year career at CIBC. Amy South has been appointed Senior Executive Vice-President, Chief Administrative Officer and Chief of Staff, and will retain oversight of CIBC Mellon. Richard Jardim, Chief Technology and Information Officer, adds responsibility for the Chief Security Office; Chief Financial Officer Robert Sedran gains oversight of Enterprise Transformation; and Global Chief Legal Officer Stephen Scholtz expands his mandate to include Corporate Governance and Sustainability.
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