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 9.58 years. total yearly compensation is CA$11.21M, comprised of 8.9% salary and 91.1% bonuses, including company stock and options. directly owns 0.021% of the company’s shares, worth CA$12.60M. The average tenure of the management team and the board of directors is 4.2 years and 8.2 years respectively.

Key information

Victor Dodig

Chief executive officer

CA$11.2m

Total compensation

CEO salary percentage	8.9%
CEO tenure	9.6yrs
CEO ownership	0.02%
Management average tenure	4.2yrs
Board average tenure	8.2yrs

Recent management updates

Recent updates

Canadian Imperial Bank of Commerce (TSE:CM) Is Increasing Its Dividend To CA$0.87

May 28

Canadian Imperial Bank of Commerce (TSE:CM) Ticks All The Boxes When It Comes To Earnings Growth

Sep 04

Here's Why I Think Canadian Imperial Bank of Commerce (TSE:CM) Might Deserve Your Attention Today

May 20

Earnings Beat: Canadian Imperial Bank of Commerce Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

Mar 01

Here's Why I Think Canadian Imperial Bank of Commerce (TSE:CM) Might Deserve Your Attention Today

Dec 31

Canadian Imperial Bank of Commerce (TSE:CM) Is Paying Out A Larger Dividend Than Last Year

Dec 05

Canadian Imperial Bank of Commerce (TSE:CM) Is Due To Pay A Dividend Of CA$1.46

Sep 12

Canadian Imperial Bank of Commerce (TSE:CM) Has Announced A Dividend Of CA$1.46

Aug 29

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
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 ($USD8.15M) is about average for companies of similar size in the Canadian market ($USD8.21M).

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

CEO

Victor Dodig (57 yo)

9.6yrs

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	9.6yrs	CA$11.21m	0.021% CA$ 12.6m
Harry Culham	Senior EVP and Group Head of Capital Markets & Direct Financial Services	no data	CA$8.38m	0.0028% CA$ 1.7m
Jon Hountalas	Senior EVP & Group Head of Canadian Banking	14.3yrs	CA$5.14m	0.00054% CA$ 328.0k
Hratch Panossian	Senior EVP & Head of Personal and Business Banking	no data	CA$3.58m	0.00093% CA$ 565.0k
Shawn Beber	Senior EVP & Group Head of US Region	4.1yrs	CA$4.50m	0.00018% CA$ 109.3k
Robert Sedran	Senior EVP & CFO	no data	no data	no data
Christina Kramer	Senior EVP and Group Head of Technology	4.3yrs	no data	0.0030% CA$ 1.8m
Kikelomo Lawal	Executive VP & Chief Legal Officer	3.5yrs	no data	0.000050% CA$ 30.4k
Sandra Sharman	Senior EVP and Group Head of People	6.8yrs	no data	0.00045% CA$ 273.4k
Michael Capatides	Vice-Chair of CIBC Bank USA	1.4yrs	CA$6.62m	no data
John Ferren	Senior Vice President of Deposit Products & Analytics	6.3yrs	no data	no data
Michael Boluch	Executive Vice President of Technology & Enterprise Innovation	no data	no data	no data

4.2yrs

Average Tenure

57yo

Average Age

Experienced Management: CM's management team is considered experienced (4.2 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Victor Dodig	President	9.6yrs	CA$11.21m	0.021% CA$ 12.6m
Michelle Collins	Independent Director	6.8yrs	CA$561.21k	0.00029% CA$ 176.2k
Katharine Stevenson	Independent Chairman of the Board	13.3yrs	CA$646.67k	0.0066% CA$ 4.0m
Barry Zubrow	Independent Director	9yrs	CA$683.73k	0.0020% CA$ 1.2m
Martine Turcotte	Independent Director	10.3yrs	CA$265.00k	0.000090% CA$ 54.7k
Nanci Caldwell	Independent Director	8.3yrs	CA$397.12k	0.0024% CA$ 1.4m
Ammar Al-Joundi	Independent Director	2yrs	CA$240.00k	0.0013% CA$ 777.6k
Kevin Kelly	Independent Director	11yrs	CA$485.13k	0.0013% CA$ 801.9k
William Morneau	Independent Director	1.4yrs	CA$251.00k	no data
Charles Joseph Brindamour	Independent Director	4.2yrs	CA$240.00k	0.0032% CA$ 1.9m
Christine Larsen	Independent Director	8yrs	CA$312.67k	0.0024% CA$ 1.5m
Mary Lou Maher	Independent Director	3yrs	CA$301.00k	0.00036% CA$ 218.7k

8.2yrs

Average Tenure

61.5yo

Average Age

Experienced Board: CM's board of directors are considered experienced (8.2 years average tenure).

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

President recently bought CA$3.0m worth of stock

CIBC Innovation Banking Announces Directorate Changes

CIBC Announces Senior Executive Leadership Changes

Recent updates

Canadian Imperial Bank of Commerce announced a financing transaction

Canadian Imperial Bank of Commerce announced a financing transaction

Upcoming dividend of CA$0.90 per share

CIBC Unpaid Overtime Class Action Settles for $153 Million

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

First quarter 2024 earnings: EPS and revenues exceed analyst expectations

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

Upcoming dividend of CA$0.90 per share at 5.8% yield

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

Full year 2023 earnings: EPS misses analyst expectations

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

Upcoming dividend of CA$0.87 per share at 6.3% yield

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

Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

New minor risk - Shareholder dilution

Upcoming dividend of CA$0.87 per share at 6.0% yield

Canadian Imperial Bank of Commerce (TSE:CM) Is Increasing Its Dividend To CA$0.87

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

Second quarter 2023 earnings: EPS exceeds analyst expectations

Upcoming dividend of CA$0.85 per share at 6.0% yield

President recently bought CA$3.0m worth of stock

First quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

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

Upcoming dividend of CA$0.85 per share

CIBC Announces New York Court Issued Liability Ruling Against CIBC

Full year 2022 earnings: EPS and revenues miss analyst expectations

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

Upcoming dividend of CA$0.83 per share

Canadian Imperial Bank of Commerce (TSE:CM) Ticks All The Boxes When It Comes To Earnings Growth

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

Third quarter 2022 earnings: EPS exceeds analyst expectations

CIBC Innovation Banking Announces Executive Changes

Upcoming dividend of CA$0.83 per share

CIBC Innovation Banking Announces Management Changes

Insider recently bought CA$100k worth of stock

Second quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

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

Here's Why I Think Canadian Imperial Bank of Commerce (TSE:CM) Might Deserve Your Attention Today

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

Upcoming dividend of CA$1.61 per share

Insider exercised options and sold CA$710k worth of stock

Earnings Beat: Canadian Imperial Bank of Commerce Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Models

First quarter 2022 earnings: EPS and revenues exceed analyst expectations

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

Insider exercised options and sold CA$1.0m worth of stock

Here's Why I Think Canadian Imperial Bank of Commerce (TSE:CM) Might Deserve Your Attention Today

Insider exercised options and sold CA$1.9m worth of stock

Upcoming dividend of CA$1.61 per share

Canadian Imperial Bank of Commerce (TSE:CM) Is Paying Out A Larger Dividend Than Last Year

Full year 2021 earnings: EPS misses analyst expectations

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

Insider exercised options and sold CA$370k worth of stock

Upcoming dividend of CA$1.46 per share

Insider exercised options and sold CA$614k worth of stock

Canadian Imperial Bank of Commerce (TSE:CM) Is Due To Pay A Dividend Of CA$1.46

Senior EVP and Group Head of People exercised options and sold CA$487k worth of stock