Bill Morneau appointed Chair of CIBC Board, effective January 2027
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What happened
CIBC announced that Bill Morneau has been appointed as Chair of the Board, a role set to begin on January 1, 2027. Morneau will succeed Katharine B. Stevenson, who will retire from the Board on December 31, 2026. Morneau has served as an independent director of CIBC since 2022.
Why it matters
The appointment brings extensive experience in government, public policy, and business to the bank’s leadership. Morneau previously held key leadership roles at the World Bank and the International Monetary Fund.
Who's involved
- Bill MorneauAppointed Chair of the Board of CIBC, bringing experience from public and private sectors.
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The entities involved
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Bill Morneau
39th Canadian Minister of Finance
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World Bank
international financial institution
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International Monetary Fund
international financial institution