Katharine B. Stevenson, Chair of the Board of CIBC announced that Ammar Aljoundi was elected by shareholders as a new member of CIBC's Board of Directors. Mr. Aljoundi brings deep experience in finance and business strategy as well as extensive experience in mining, capital markets and banking. Aljoundi is CEO and President of Agnico Eagle Mines Limited.

Previously Mr. Aljoundi was President of Agnico Eagle Mines Limited (since 2015) and, before that, served as Agnico's Senior Vice-President and Chief Financial Officer.