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Canadian Imperial Bank of Commerce Management

Management criteria checks 4/4

Canadian Imperial Bank of Commerce's CEO is Victor Dodig, appointed in Sep 2014, has a tenure of 9.92 years. total yearly compensation is CA$11.21M, comprised of 8.9% salary and 91.1% bonuses, including company stock and options. directly owns 0.019% of the company’s shares, worth CA$12.81M. The average tenure of the management team and the board of directors is 4.5 years and 8.5 years respectively.

Key information

Victor Dodig

Chief executive officer

CA$11.2m

Total compensation

CEO salary percentage	8.9%
CEO tenure	9.9yrs
CEO ownership	0.02%
Management average tenure	4.5yrs
Board average tenure	8.5yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Victor Dodig's remuneration changed compared to Canadian Imperial Bank of Commerce's earnings?
Date	Total Compensation	Salary	Company Earnings
Apr 30 2024	n/a	n/a	CA$6b
Jan 31 2024	n/a	n/a	CA$6b
Oct 31 2023	CA$11m	CA$1m	CA$5b
Jul 31 2023	n/a	n/a	CA$4b
Apr 30 2023	n/a	n/a	CA$5b
Jan 31 2023	n/a	n/a	CA$5b
Oct 31 2022	CA$11m	CA$1m	CA$6b
Jul 31 2022	n/a	n/a	CA$6b
Apr 30 2022	n/a	n/a	CA$6b
Jan 31 2022	n/a	n/a	CA$7b
Oct 31 2021	CA$13m	CA$1m	CA$6b
Jul 31 2021	n/a	n/a	CA$6b
Apr 30 2021	n/a	n/a	CA$5b
Jan 31 2021	n/a	n/a	CA$4b
Oct 31 2020	CA$10m	CA$1m	CA$4b
Jul 31 2020	n/a	n/a	CA$4b
Apr 30 2020	n/a	n/a	CA$4b
Jan 31 2020	n/a	n/a	CA$5b
Oct 31 2019	CA$9m	CA$1m	CA$5b
Jul 31 2019	n/a	n/a	CA$5b
Apr 30 2019	n/a	n/a	CA$5b
Jan 31 2019	n/a	n/a	CA$5b
Oct 31 2018	CA$10m	CA$1m	CA$5b
Jul 31 2018	n/a	n/a	CA$5b
Apr 30 2018	n/a	n/a	CA$5b
Jan 31 2018	n/a	n/a	CA$5b
Oct 31 2017	CA$9m	CA$1m	CA$5b

Compensation vs Market: Victor's total compensation ($USD8.09M) is about average for companies of similar size in the Canadian market ($USD8.27M).

Compensation vs Earnings: Victor's compensation has been consistent with company performance over the past year.

CEO

Victor Dodig (58 yo)

9.9yrs

Tenure

CA$11,206,250

Compensation

Mr. Victor G. Dodig is President, CEO & Director of CIBC INC. (Ontario, Canada). Mr. Dodig is Independent Director at TELUS Corporation from May 06, 2022.He has been the Chief Executive Officer and Presid...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Victor Dodig	President	9.9yrs	CA$11.21m	0.019% CA$ 12.8m
Harry Culham	Senior EVP and Group Head of Capital Markets & Direct Financial Services	no data	CA$8.38m	0.0028% CA$ 1.9m
Jon Hountalas	Senior EVP & Group Head of Canadian Banking	14.6yrs	CA$5.14m	0.00054% CA$ 363.6k
Hratch Panossian	Senior EVP & Head of Personal and Business Banking	less than a year	CA$3.58m	0.00093% CA$ 626.2k
Shawn Beber	Senior EVP & Group Head of US Region	4.4yrs	CA$4.50m	0.00018% CA$ 121.2k
Robert Sedran	Senior EVP & CFO	less than a year	no data	no data
Christina Kramer	Senior EVP and Group Head of Technology	4.6yrs	no data	0.0030% CA$ 2.0m
Kikelomo Lawal	Executive VP & Chief Legal Officer	3.8yrs	no data	0.000050% CA$ 33.7k
Sandra Sharman	Senior EVP and Group Head of People	7.2yrs	no data	0.00044% CA$ 296.3k
Michael Capatides	Vice-Chair of CIBC Bank USA	1.8yrs	CA$6.62m	no data
John Ferren	Senior Vice President of Deposit Products & Analytics	6.6yrs	no data	no data
Michael Boluch	Executive Vice President of Technology & Enterprise Innovation	no data	no data	no data

4.5yrs

Average Tenure

58yo

Average Age

Experienced Management: CM.PRY's management team is considered experienced (4.5 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Victor Dodig	President	9.9yrs	CA$11.21m	0.019% CA$ 12.8m
Michelle Collins	Independent Director	7.2yrs	CA$561.21k	0.00029% CA$ 195.3k
Katharine Stevenson	Independent Chairman of the Board	13.6yrs	CA$646.67k	0.0066% CA$ 4.4m
Barry Zubrow	Independent Director	9.3yrs	CA$683.73k	0.0020% CA$ 1.3m
Martine Turcotte	Independent Director	10.6yrs	CA$265.00k	0.000090% CA$ 60.6k
Nanci Caldwell	Independent Director	8.7yrs	CA$397.12k	0.0024% CA$ 1.6m
Ammar Al-Joundi	Independent Director	2.3yrs	CA$240.00k	0.0013% CA$ 855.1k
Kevin Kelly	Independent Director	11.3yrs	CA$485.13k	0.0013% CA$ 888.8k
William Morneau	Independent Director	1.8yrs	CA$251.00k	no data
Charles Joseph Brindamour	Independent Director	4.5yrs	CA$240.00k	0.0032% CA$ 2.1m
Christine Larsen	Independent Director	8.3yrs	CA$336.47k	0.0024% CA$ 1.6m
Mary Lou Maher	Independent Director	3.3yrs	CA$301.00k	0.00036% CA$ 242.4k

8.5yrs

Average Tenure

62.5yo

Average Age

Experienced Board: CM.PRY's board of directors are considered experienced (8.5 years average tenure).

This company listing is no longer active

Canadian Imperial Bank of Commerce Management

Management criteria checks 4/4

Key information

Recent management updates

CIBC Announces Chief Financial Officer Changes, Effective April 1, 2024

Canadian Imperial Bank of Commerce Appoints Mark Podlasly in Board of Directors, Effective from November 1, 2023

Canadian Imperial Bank of Commerce, Annual General Meeting, Apr 04, 2024

CIBC Innovation Banking Announces Directorate Changes

CIBC Announces Senior Executive Leadership Changes

Bill Morneau appointed to CIBC's Board of Directors

Recent updates

CIBC Launches Bundled Digital Credit Card and Deposit Account Application

Canadian Imperial Bank of Commerce(TSX:CM.PRT) dropped from S&P/TSX Preferred Share Index

Canadian Imperial Bank of Commerce announced a financing transaction

Canadian Imperial Bank of Commerce announced a financing transaction

CIBC Unpaid Overtime Class Action Settles for $153 Million

CIBC Announces Chief Financial Officer Changes, Effective April 1, 2024

Canadian Imperial Bank of Commerce Declares Dividend for the Quarter Ending April 30, 2024, Payable on April 29, 2024

CIBC Trust Corporation and Canadian Imperial Bank of Commerce Announces CIBC Mutual Funds Class Action Regarding Trailing Commissions Paid to Discount Brokers

Highcrest Capital LLC, Canadian Imperial Bank of Commerce (TSX:CM), AshMark Inc., Andy Le , John Konop and management of Groupe Gregor Inc. acquired Groupe Gregor Inc.

CIBC Introduces Additional Canadian Depositary Receipts

Canadian Imperial Bank of Commerce to Report Q4, 2024 Results on Dec 05, 2024

Cibc Declares Dividend for the Quarter Ending January 31, 2024, Payable on January 29, 2024

Canadian Imperial Bank of Commerce Appoints Mark Podlasly in Board of Directors, Effective from November 1, 2023

CIBC Declares Dividend for the Quarter Ending October 31, 2023, Payable on October 27, 2023

Canadian Imperial Bank of Commerce, Annual General Meeting, Apr 04, 2024

CIBC Announces Settlement Agreement with Cerberus Capital Management LP

CIBC Innovation Banking Announces Directorate Changes

CIBC Announces Senior Executive Leadership Changes

Canadian Imperial Bank of Commerce Announces the Launch of CIBC Smart Planner

CIBC to Appeal Decision in Cerberus Matter

CIBC Announces New York Court Issued Liability Ruling Against CIBC

Canadian Imperial Bank of Commerce to Report Q4, 2023 Results on Nov 30, 2023

Bill Morneau appointed to CIBC's Board of Directors

Canadian Imperial Bank of Commerce Announces Senior Executive Appointments

CIBC Declares Dividend on Common Shares for the Quarter Ending October 31, 2022, Payable on October 28, 2022

CIBC Innovation Banking Announces Executive Changes

CIBC Innovation Banking Announces Management Changes

Canadian Imperial Bank of Commerce, Annual General Meeting, Apr 04, 2023

CIBC Introduces New Recurring and Future-Dated Interac E-Transfer Payments

CIBC Innovation Banking Announces John Flemming as Managing Director

CIBC Elects Ammar Aljoundi as a New Member of CIBC's Board of Directors

CIBC Declares Dividend for the Quarter Ending April 30, 2022, Payable on April 28, 2022

Ontario Court of Appeal Dismisses Canadian Imperial Bank of Commerce Appeal in Landmark Overtime Suit

New CIBC Costco Mastercard to Feature Upgrades to Reward Categories and Enhanced Cash Back on Everyday Purchases

CIBC Declares Dividends for the Quarter Ending July 31, 2021, Payable on July 28, 2021

CanDeal.ca Inc. acquired Fixed Income Data Business of Canadian Imperial Bank of Commerce (TSX:CM).

Canadian Imperial Bank of Commerce Announces the Names of the Retiring Directors

Larry Richman Retires from CIBC Bancorp USA and CIBC, Effective March 31, 2021

CIBC Now Accepting Applications for the Highly Affected Sectors Credit Availability Program

Canadian Imperial Bank of Commerce Announces New Payment Option for CIBC Global Money Transfers

CIBC Announces Chairman and Board Changes

CIBC Launches Enhanced Suite of Aeroplan Visa Credit Cards to Help Canadians Realize Their Travel Ambitions

CIBC Launches New Platform to Help Clients Build Their Financial Plans with Ease

Tej Sahi Joins CIBC Innovation Banking as Managing Director and to be based in its Innovation Banking office in New York, NY

Thomas H. Lee Partners, CIVC Partners, Providence Equity Partners, and TransWestern’s management completed the acquisition of TransWestern Publishing Company LLC for $900 million.

GNB Financial Group Limited reached an agreement to acquire 66.73% stake in FirstCaribbean International Bank Limited (TTSE:FCI) from Canadian Imperial Bank of Commerce (TSX:CM) for approximately $800 million.

Canadian Imperial Bank of Commerce announced that it expects to receive CAD 750 million in funding

Lucidity Lights, Inc. acquired Select Strategic Assets of Evolution Lighting from Canadian Imperial Bank of Commerce (TSX:CM).

CEO Compensation Analysis

CEO

Tenure

Compensation

Leadership Team

Average Tenure

Average Age

Board Members

Average Tenure

Average Age