TORONTO, Sept. 15, 2014 /CNW/ - Victor Dodig, President and CEO of CIBC (TSX:CM) (NYSE: CM), announced today that Tom Woods, Senior Executive Vice-President and Vice-Chairman, CIBC, will be retiring from CIBC effective December 31, 2014, concluding
what has been a long and distinguished career at the bank, spanning
investment banking, corporate banking, finance and risk management. In
the interim, he will report directly to Mr. Dodig and assist with the
transition of the CEO office in the coming months.
Mr. Woods has spent his entire career with CIBC. He joined Wood Gundy,
the predecessor firm of CIBC World Markets, in investment banking in
1977, following which he was named Head of Canadian Corporate Banking,
CIBC's Chief Financial Officer (2000-2007), Chief Risk Officer
(2008-2013), and most recently serving as a Vice-Chairman of the bank.
"Tom has made an outstanding contribution in his 37 years at CIBC," said
Mr. Dodig. "In particular, he played a key role in building trust and
confidence with the investment community in his time as Chief Financial
Officer and Chief Risk Officer. We wish him well in his upcoming
Mr. Woods serves on the boards of TMX Group; St. Joseph's Health Centre,
and the Board of Advisors of the Department of Mechanical and
Industrial Engineering, University of Toronto. He also spent many years
affiliated with Covenant House, including Board Chair in Toronto, and
as the only international board member for Covenant House in New York.
Mr. Woods graduated from the University of Toronto in 1975 with a
Bachelor of Applied Science degree in Industrial Engineering. He earned
his Master's in Business Administration from Harvard Business School in
CIBC is a leading Canadian-based global financial institution with
nearly 11 million personal banking and business clients. Through our
three major business units - Retail and Business Banking, Wealth
Management and Wholesale Banking - CIBC offers a full range of products
and services through its comprehensive electronic banking network,
branches and offices across Canada with offices in the United States
and around the world. You can find other news releases and information
about CIBC in our Media Centre on our corporate website at www.cibc.com.
For further information:
Kevin Dove, Head of External Communications, CIBC, 416-980-8835, firstname.lastname@example.org