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 10.42 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 $11.34M. The average tenure of the management team and the board of directors is 5 years and 9 years respectively.
Key information
Victor Dodig
Chief executive officer
CA$11.2m
Total compensation
| CEO salary percentage | 8.9% |
| CEO tenure | 10.4yrs |
| CEO ownership | 0.02% |
| Management average tenure | 5yrs |
| Board average tenure | 9yrs |
Recent management updates
Recent updates
Canadian Imperial Bank Of Commerce: Low Net Interest Margins Offset By Low Nonperforming Loans
Jan 16Canadian Imperial Bank of Commerce Reaches For Higher Growth Even As Share Price Peaks Near Highs
Nov 12Canadian Imperial Bank of Commerce: Earnings Buoyed By Robust Revenue And Lower Provisions
Aug 29Canadian Imperial Bank of Commerce: Encouraging Growth In Trading Revenues
Jun 09Taking Profits In Canadian Imperial Bank
May 31Canadian Imperial Bank: Buy This Quality Dividend At The Right Price
Apr 07Canadian Imperial Bank of Commerce: Grab The 6% Dividend Yield And Double-Digit Earnings Growth
Jan 15Buying CIBC Ahead Of Earnings
Nov 28Canadian Imperial Bank of Commerce: Strong Business Despite Weaker Profits
Oct 02Canadian Imperial Bank of Commerce: Buy A Safe Bank With A 6.2% Yield
Aug 16Canadian Imperial Bank of Commerce: Better, But Still Bad
Aug 09Canadian Imperial Bank Of Commerce: Betting On This Bank With 6% Dividend Yield And Strong Liquidity
Jul 29Canadian Imperial Bank of Commerce: Pressure On Trading Revenues Continues Despite Rising Rates
May 29Canadian Imperial Bank Non-GAAP EPS of C$1.94 beats by C$0.22, revenue of C$5.93B beats by C$210M
Feb 24CIBC to pay $770M to Cerberus SPV to settle lawsuit over 2008 transaction
Feb 17CIBC announces management changes to Canada division
Jan 13Canadian Banks Are Hot - Canadian Imperial Is Among Them
Nov 09CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Oct 31 2024 | n/a | n/a | CA$7b |
| 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$5b |
Compensation vs Market: Victor's total compensation ($USD7.71M) is below average for companies of similar size in the US market ($USD12.55M).
Compensation vs Earnings: Victor's compensation has been consistent with company performance over the past year.
CEO
Victor Dodig (58 yo)
10.4yrs
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 |
|---|---|---|---|---|
| President | 10.4yrs | CA$11.21m | 0.019% $ 11.3m | |
| Senior EVP and Group Head | no data | CA$8.38m | 0.0031% $ 1.8m | |
| Vice Chair of North American Banking | 15.1yrs | CA$5.14m | 0.00054% $ 320.5k | |
| Senior EVP and Group Head of Canadian Personal & Business Banking | less than a year | CA$3.58m | 0.00021% $ 124.6k | |
| Senior EVP & Group Head of US Region | 4.9yrs | CA$4.50m | 0.00020% $ 118.7k | |
| Senior EVP & CFO | less than a year | no data | 0.00042% $ 249.3k | |
| Senior EVP and Group Head of Technology | 5.1yrs | no data | 0.0032% $ 1.9m | |
| Executive VP & Chief Legal Officer | 4.3yrs | no data | 0.000090% $ 53.4k | |
| Senior EVP and Group Head of People | 7.7yrs | no data | 0.00046% $ 273.0k | |
| Vice-Chair of CIBC Bank USA | 2.3yrs | CA$6.62m | no data | |
| Senior Vice President of Deposit Products & Analytics | 7.1yrs | no data | no data | |
| Executive Vice President of Technology & Enterprise Innovation | no data | no data | no data |
5.0yrs
Average Tenure
58yo
Average Age
Experienced Management: CM's management team is seasoned and experienced (5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 10.4yrs | CA$11.21m | 0.019% $ 11.3m | |
| Independent Director | 7.7yrs | CA$561.21k | 0.00029% $ 172.1k | |
| Independent Chairman of the Board | 14.1yrs | CA$646.67k | 0.0066% $ 3.9m | |
| Independent Director | 9.8yrs | CA$683.73k | 0.0020% $ 1.2m | |
| Independent Director | 11.1yrs | CA$265.00k | 0.000090% $ 53.4k | |
| Independent Director | 9.2yrs | CA$397.12k | 0.0024% $ 1.4m | |
| Independent Director | 2.8yrs | CA$240.00k | 0.0013% $ 753.7k | |
| Independent Director | 11.8yrs | CA$485.13k | 0.0013% $ 783.4k | |
| Independent Director | 2.3yrs | CA$251.00k | no data | |
| Independent Director | 5yrs | CA$240.00k | 0.0032% $ 1.9m | |
| Independent Director | 8.8yrs | CA$336.47k | 0.0023% $ 1.3m | |
| Independent Director | 3.8yrs | CA$301.00k | 0.00036% $ 213.7k |
9.0yrs
Average Tenure
62.5yo
Average Age
Experienced Board: CM's board of directors are considered experienced (9 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/02/03 06:48 |
| End of Day Share Price | 2025/01/31 00:00 |
| Earnings | 2024/10/31 |
| Annual Earnings | 2024/10/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Canadian Imperial Bank of Commerce is covered by 33 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Mark Rosen | Accountability Research Corporation |
| John Aiken | Barclays |
| Brian Morton | Barclays |