CIBC announced senior leadership appointments to support the bank's continued execution of its client-focused strategy, deepen its leadership capabilities and enable continued business momentum. The following leadership changes are effective April 1, 2024. Hratch Panossian will become SEVP and Head of Personal and Business Banking, with joint accountability to Mr. Dodig and Mr. Hountalas, and will continue on the bank's Executive Committee.

Mr. Panossian has been a key part of CIBC's leadership team since joining the bank in 2011, most recently as Chief Financial Officer leading the bank's Finance, Treasury and Enterprise Strategy and Corporate Development teams, in addition to broad experience from the financial services and technology sectors before joining bank. Robert Sedran will assume the role of SEVP and Chief Financial Officer and join the bank's Executive Committee. Mr. Sedran has most recently served as CIBC's Treasurer, and he has held progressively more senior roles over the course of his more than 20-year career in financial services, including previously leading Enterprise Strategy and Corporate Development, as well as Equity Research in Capital Markets.