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CIBC shakes up leadership ranks as Harry Culham prepares to step into CEO role

Harry Culham, currently COO, will become CEO as Victor Dodig steps down, with several senior leadership changes including new appointments and retirements announced by CIBC.

  • In Toronto, Ontario, CIBC announced Beber will retire on July 1, 2026, and Culham will succeed him, with Culham highlighting momentum under Hratch’s leadership.
  • Amid the upcoming CEO handover, CIBC’s board is restructuring as Culham prepares to succeed Dodig later this year, with Scholtz appointed as Global Chief Legal Officer.
  • Among the leadership shifts, Kevin Li will be Senior Executive Vice-President and Group Head, U.S. Region, and President and CEO of CIBC Bank USA, according to CIBC.
  • Following the overhaul, Shawn Beber will become Special Adviser on Nov. 1, 2025, and retire on July 1, 2026, while Frank Guse, Robert Sedran, and Sandy Sharman continue in their roles.
  • Mr. Culham said, "We have a strong, highly connected and purpose-led team that is focused on making client ambitions real and executing our strategy every day.
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CIBC making senior executive changes ahead of CEO change in November

TORONTO — CIBC is making changes to its senior executive ranks ahead of Harry Culham's move into the role of president and chief executive later this year.

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The Hamilton Spectator broke the news in Hamilton, Canada on Tuesday, August 12, 2025.
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