CIBC named one of "Canada's Top Employers for Young People"

Award underscores CIBC's commitment to training and mentorship programs

TORONTO, Sept. 25, 2013 /CNW/ - CIBC (CM: TSX) (CM: NYSE) has been selected as one of "Canada's Top Employers for Young People" for 2013 by Mediacorp Canada Inc. 

This award recognizes employers that offer the nation's best programs to attract and retain younger workers, including mentorship and training programs, appealing perks and benefits, and the availability of co-op or work-study programs.

"CIBC is pleased to be acknowledged for the programs we have in place that allow young people to hone their skills and be excited about the different types of jobs and opportunities within the bank," said John Silverthorn, CIBC's senior vice president of talent management.

"This award recognizes our commitment to provide Canada's youth the experiences and skill sets to build their own careers. It also highlights the importance CIBC places on creating a dynamic and inclusive work environment that makes us an attractive place to work," said Mr. Silverthorn.

CIBC was recognized by Mediacorp for its initiatives, including:

• Our mentorship programs, such as the Global Operations' Learning Associate Program, which is a peer mentorship program for new employees.
• Our support of the Partnership to Advance Youth Employment, a joint initiative launched in 2007 between private sector employers and the City of Toronto to increase access to economic opportunities for youth and to connect employers to a pool of talented young individuals; and,
• Our Graduates Matter Rotation Program for students in their final year of study for a Masters of Business Administration or related program.

CIBC also offers bursary and scholarship programs that provide access to education and mentorship, including the CIBC Youthvision Scholarship, which commits more than $1 million a year to make the dreams of post-secondary education a reality for youth in-need. This year, as part of CIBC's commitment to the 2015 Pan Am/Parapan Am Games, three CIBC Youthvision Athlete Awards were added, bringing to 33 the total number of scholarships available per year.

About CIBC
CIBC is a leading North American financial institution with 11 million personal banking and business clients. CIBC is committed to supporting causes that matter to our clients, our employees and our communities. We aim to make a difference in communities through corporate donations, sponsorships and the volunteer spirit of employees. With a strategic focus on Kids, Cures and Community, and employee commitment to causes, including the Canadian Breast Cancer Foundation CIBC Run for the Cure, the CIBC Children's Foundation and United Way, we are investing in the social and economic development of communities across the country. In 2012, CIBC contributed more than $38 million to more than 1,900 charitable and non-profit initiatives in 450 communities. You can find other news releases and information about CIBC in our Press Centre on our corporate website at www.cibc.com.

SOURCE: Canadian Imperial Bank of Commerce

Media contact: Caroline Van Hasselt, Director, External Communications and Media Relations, 416-784-6699, or [email protected].