CIBC Appoints Harry Culham as New CEO

Julie Anne
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Canadian Imperial Bank of Commerce (CIBC) confirmed that Victor Dodig will retire as President and Chief Executive Officer (CEO) on October 31, 2025. Harry Culham, the current head of CIBC’s capital-markets division, will become Chief Operating Officer (COO) on April 1, 2025. He will take over as CEO on November 1, 2025.

Harry Culham
Photo via The Canadian Press

Culham’s Journey from Intern to CEO

Culham, who started his career as an intern at CIBC’s Vancouver office, has held multiple leadership positions across Europe, Asia, and North America. He rejoined CIBC in 2008 and took charge of its Capital Markets division in 2015. Over the years, he has helped expand CIBC’s international presence, focusing on wealth management and commercial banking in the United States.

Culham has also overseen the bank’s Enterprise Strategy and Corporate Development functions, in addition to managing CIBC Caribbean and CIBC Mellon. His leadership has been pivotal in fostering growth, stability, and risk management within the bank.

Harry Culham
Photo via CIBC

Dodig’s Legacy and Contributions

Dodig, who has been at the helm since September 2014, led CIBC through a decade of transformation. Under his leadership, the bank:

  • Expanded its U.S. footprint, acquiring PrivateBancorp Inc. in 2017.
  • Strengthened client relationships with a focus on personalized banking solutions.
  • Invested heavily in technology and innovation to modernize operations.
  • Acquired Costco’s Canadian credit-card portfolio, adding over two million new clients.
  • Promoted sustainability and corporate responsibility, launching the CIBC Foundation.

Dodig expressed confidence in Culham’s ability to guide CIBC forward, highlighting his client-centric approach, leadership skills, and experience.

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Strategic Priorities Moving Forward

Culham stated that CIBC’s core strategy will remain unchanged, emphasizing that there is “more upside in executing the current strategy.” With 20% of CIBC’s profits now coming from the U.S., the bank is expected to continue focusing on wealth management, commercial banking, and digital transformation.

CIBC’s Board Chair Kate Stevenson noted that the leadership transition is part of a long-term succession planning process designed to ensure sustained growth and stability.

What This Means for CIBC

CIBC has seen significant stock performance improvements over the past year, though recent market volatility due to global trade tensions has posed new challenges. With Culham at the helm, the bank aims to reinforce its market position, drive client engagement, and sustain financial growth.

Dodig will remain as a special advisor to Culham and the Board of Directors until April 2026, ensuring a smooth transition.

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Julie Anne Loquinario

Hey, it’s Julie! Powered by coffee and cuddles from my five feline overlords, I’m always hunting down the best cafés and restos in Toronto and the GTA. When I’m not indulging in my latest food obsession, you’ll find me binge-watching shows or dreaming up my next adventure.

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