Canadian Imperial Bank of Commerce Names Bill Morneau as Chair of the Board

08:32 AM EDT, 10/30/2026 (MT Newswires) -- Canadian Imperial Bank of Commerce (CM.TO, CM) appointed Bill Morneau as chair of the board, effective Jan. 1, 2027, it said in a statement on Friday. Morneau will succeed current Chair Katharine Stevenson who will retire from the board on Dec. 31. Morneau has been an independent director of CIBC since 2022 and currently chairs the board's corporate governance committee, the statement said. He is also a director on CIBC's US Board, it added. Morneau also serves as chair of NovaSource Power Services and as a director at Clairvest Group Inc (CVG.TO), the statement said. Morneau has served as Canada's Minister of Finance and as a Member of Parliament from 2015 to 2020, it added.