Canadian Imperial Bank of Commerce Management

Management criteria checks 3/4

Canadian Imperial Bank of Commerce's CEO is Victor Dodig, appointed in Sep 2014, has a tenure of 10.17 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 €11.28M. The average tenure of the management team and the board of directors is 4.8 years and 8.8 years respectively.

Key information

Victor Dodig

Chief executive officer

CA$11.2m

Total compensation

CEO salary percentage	8.9%
CEO tenure	10.2yrs
CEO ownership	0.02%
Management average tenure	4.8yrs
Board average tenure	8.8yrs

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
Jul 31 2024	n/a	n/a	CA$6b
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

Compensation vs Market: Victor's total compensation ($USD8.02M) is above average for companies of similar size in the German market ($USD4.78M).

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

CEO

Victor Dodig (58 yo)

10.2yrs

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	10.2yrs	CA$11.21m	0.019% € 11.3m
Harry Culham	Senior EVP and Group Head	no data	CA$8.38m	0.0028% € 1.7m
Jon Hountalas	Vice Chair of North American Banking	14.8yrs	CA$5.14m	0.00054% € 320.6k
Hratch Panossian	Senior EVP and Group Head of Personal & Business Banking	less than a year	CA$3.58m	0.00092% € 546.2k
Shawn Beber	Senior EVP & Group Head of US Region	4.7yrs	CA$4.50m	0.00018% € 106.9k
Robert Sedran	Senior EVP & CFO	less than a year	no data	0.00043% € 255.3k
Christina Kramer	Senior EVP and Group Head of Technology	4.8yrs	no data	0.0030% € 1.8m
Kikelomo Lawal	Executive VP & Chief Legal Officer	4.1yrs	no data	0.000050% € 29.7k
Sandra Sharman	Senior EVP and Group Head of People	7.4yrs	no data	0.00044% € 261.2k
Michael Capatides	Vice-Chair of CIBC Bank USA	2yrs	CA$6.62m	no data
John Ferren	Senior Vice President of Deposit Products & Analytics	6.8yrs	no data	no data
Michael Boluch	Executive Vice President of Technology & Enterprise Innovation	no data	no data	no data

4.8yrs

Average Tenure

58yo

Average Age

Experienced Management: CAI's management team is considered experienced (4.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Victor Dodig	President	10.2yrs	CA$11.21m	0.019% € 11.3m
Michelle Collins	Independent Director	7.4yrs	CA$561.21k	0.00029% € 172.2k
Katharine Stevenson	Independent Chairman of the Board	13.8yrs	CA$646.67k	0.0066% € 3.9m
Barry Zubrow	Independent Director	9.6yrs	CA$683.73k	0.0020% € 1.2m
Martine Turcotte	Independent Director	10.8yrs	CA$265.00k	0.000090% € 53.4k
Nanci Caldwell	Independent Director	8.9yrs	CA$397.12k	0.0024% € 1.4m
Ammar Al-Joundi	Independent Director	2.6yrs	CA$240.00k	0.0013% € 753.9k
Kevin Kelly	Independent Director	11.6yrs	CA$485.13k	0.0013% € 777.7k
William Morneau	Independent Director	2yrs	CA$251.00k	no data
Charles Joseph Brindamour	Independent Director	4.8yrs	CA$240.00k	0.0032% € 1.9m
Christine Larsen	Independent Director	8.6yrs	CA$336.47k	0.0024% € 1.4m
Mary Lou Maher	Independent Director	3.6yrs	CA$301.00k	0.00036% € 213.7k

8.8yrs

Average Tenure

62.5yo

Average Age

Experienced Board: CAI's board of directors are considered experienced (8.8 years average tenure).

Canadian Imperial Bank of Commerce Management

Management criteria checks 3/4

Key information

Recent management updates

CIBC Innovation Banking Announces Leadership Changes

President recently sold €1.3m worth of stock

CIBC Announces Executive Appointments, Effective from November 1, 2024

CIBC Appoints François Poirier to Board of Directors, Effective September 1, 2024

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

Recent updates

CIBC Innovation Banking Announces Leadership Changes

CIBC Aventura Clients Now Have Access to More Travel Options Through New "CIBC by Expedia" CIBC Rewards Centre

Accel-KKR LLC acquired VisiQuate, Inc.

President recently sold €1.3m worth of stock

Upcoming dividend of CA$0.90 per share

CIBC Announces Executive Appointments, Effective from November 1, 2024

Third quarter 2024 earnings released: EPS: CA$1.83 (vs CA$1.47 in 3Q 2023)

Canadian Imperial Bank of Commerce Declares Dividends for the Quarter Ending October 31, 2024, Payable on October 28, 2024

CIBC Launches Custom-Built CIBC AI Platform and Rolls Out GitHub CoPilot

CIBC Appoints François Poirier to Board of Directors, Effective September 1, 2024

Second quarter 2024 earnings released: EPS: CA$1.79 (vs CA$1.77 in 2Q 2023)

First quarter dividend of CA$0.90 announced

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

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 dividend of CA$0.90 announced

First quarter 2024 earnings released: EPS: CA$1.77 (vs CA$0.39 in 1Q 2023)

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 released: EPS: CA$5.16 (vs CA$6.70 in FY 2022)

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

New minor risk - Earnings quality

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

Third quarter 2023 earnings released: EPS: CA$1.47 (vs CA$1.79 in 3Q 2022)

New minor risk - Shareholder dilution

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

Second quarter 2023 earnings released: EPS: CA$1.77 (vs CA$1.63 in 2Q 2022)

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

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

President recently bought €2.0m worth of stock

First quarter 2023 earnings released: EPS: CA$0.39 (vs CA$2.02 in 1Q 2022)

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 released: EPS: CA$6.70 (vs CA$6.98 in FY 2021)

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

Third quarter 2022 earnings released: EPS: CA$1.79 (vs CA$1.89 in 3Q 2021)

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

CIBC Innovation Banking Announces Executive Changes

Upcoming dividend of CA$0.83 per share

CIBC Innovation Banking Announces Management Changes

Insider recently bought €73k worth of stock

Second quarter 2022 earnings released: EPS: CA$1.63 (vs CA$1.78 in 2Q 2021)

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

Upcoming dividend of CA$1.61 per share

First quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat

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

Now 20% undervalued