TORONTO, Dec. 4, 2014 /CNW/ - CIBC (TSX: CM) (NYSE: CM) announced today the appointment of the Honourable
John P. Manley, P.C., O.C., as Chair of the Board, effective upon his
re-election as a director at CIBC's Annual General Meeting on April 23,
Mr. Manley has been an independent director of CIBC since 2005. He will
succeed Charles Sirois, who will step down from the Board at the next
annual meeting, after six years as Chair and 18 years as a CIBC
"I am honoured to succeed Charles Sirois as Chair, and grateful for the
Board's confidence," said Mr. Manley. "I look forward to working with
my fellow directors and our management team to build on the strong
foundation for success that Charles did so much to establish."
"It has been a privilege to serve on the Board of CIBC and I am very
proud to have been a part of the bank's evolution," said Mr. Sirois. "I
have every confidence in John's ability to lead the Board as it
oversees the next phase of CIBC's growth and development."
Mr. Manley is President and Chief Executive Officer of the Canadian
Council of Chief Executives, which represents the CEOs and
entrepreneurs of 150 leading Canadian corporations, and a director of
CAE Inc. and Telus Corporation.
Mr. Manley is former Deputy Prime Minister of Canada. He was first
elected to Parliament in 1988 and was re-elected three times. From 1993
to 2003 he served as Minister in the Cabinet portfolios of Industry,
Foreign Affairs, and Finance. Mr. Manley was Counsel at McCarthy
Tétrault LLP from 2004 to 2009. An Officer of the Order of Canada, Mr.
Manley holds a Bachelor of Arts degree from Carleton University and a
J.D. degree from the University of Ottawa, and has received honourary
doctorates from the University of Ottawa, Carleton University, and the
universities of Toronto and Western Ontario.
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.
SOURCE: CIBC - Investor Relations
For further information:
Kevin Dove, Head of External Communications, CIBC, 416-980-8835, firstname.lastname@example.org