Victor Dodig to step down as CIBC CEO, capital markets head Harry Culham named as successor
CIBC, Canada’s fifth-largest chartered bank serving over 14 million customers, has announced the retirement of Victor Dodig as president and CEO effective 31 October 2025, concluding a 20-year tenure.
Dodig took charge of CIBC in September 2014 (Image: LinkedIn)
Dodig has led the bank since September 2014 and is credited with driving key acquisitions, such as PrivateBancorp in 2017 and Costco’s Canadian credit card portfolio in 2021, which added “over two million clients”, according to board chair Kate Stevenson.
Stevenson also noted Dodig’s role in overseeing “transformative investments in digital banking and technology to modernise the bank”, including CIBC’s recent initiative to hire over 200 data and AI professionals.
Harry Culham, the current head of capital markets for CIBC, has been named as Dodig’s successor, and will take over as president and CEO on 1 November 2025. Dodig will remain a “special advisor” to Culham and the board until 30 April 2026.
To “help facilitate the leadership transition”, Culham will serve as chief operating officer starting 1 April 2025, while Dodig will retain oversight of corporate functions until the end of October.
Culham joined CIBC in 2008, starting his career in the bank’s graduate training programme and steadily advancing to senior roles. His responsibilities have included overseeing CIBC Caribbean, CIBC Mellon, and the bank’s global asset management division.
