CIBC Appoints Former Finance Minister Bill Morneau as Chair
CIBC named Bill Morneau as its next Chair of the Board, effective January 1, 2027, succeeding the retiring Katharine B. Stevenson.
The Canadian Imperial Bank of Commerce announced that Bill Morneau will become Chair of the Board on January 1, 2027. Morneau, who has served as an independent director at the bank since 2022 and currently chairs the Corporate Governance Committee, will succeed Katharine B. Stevenson.
Stevenson will retire on December 31, 2026, concluding six years as Chair and a decade as an independent director. In recognizing her tenure, Morneau stated that her strategic guidance and commitment to the bank and its shareholders made a "meaningful impact."
Morneau brings a background in both public and private sectors to the role. He served as Canada's Minister of Finance and Member of Parliament from 2015 to 2020, during which he also acted as Governor of the International Monetary Fund and the World Bank. His private sector experience includes leading Morneau Shepell for 25 years and current leadership roles at Clairvest Group Inc. and NovaSource Power Services.
