Dodig will remain on board as special adviser to incoming CEO Harry Culham and the board until April 30, 2026. Culiham is to take the CEO position on Nov. 1.

Harry Culham, the lender’s capital-markets chief, will succeed Dodig at the helm of Canada’s fifth-largest bank.

Culham will become chief operating officer April 1, then succeed Dodig as CEO on Oct. 31, the bank’s fiscal year-end

CIBC announced on Thursday that its CEO Victor Dodig would retire in October and be replaced by Harry Culham, the head of the Canadian bank's capital markets division.

CIBC says its president and chief executive Victor Dodig is set to retire this fall and will be succeeded by Harry Culham, who has led the bank's global capital markets division since 2015. Dodig, who has been at the helm of CIBC since September 2014,

CIBC announces leadership transition, with Victor Dodig set to retire on October 31, 2025. Harry Culham will become the new President and CEO on November 1, 2025, following his appointment as Chief Operating Officer in April 2025.

Canadian Imperial Bank of Commerce appointed Harry Culham to succeed Chief Executive Officer Victor Dodig, who will retire in November after leading the nation’s fifth-largest lender for more than a decade.