Bill Morneau Named Chair of CIBC

After a tenure defined by federal fiscal policy and international finance, former Finance Minister Bill Morneau will step into the role of board chair at Canadian Imperial Bank of Commerce. He replaces Katharine Stevenson, who concludes her decade-long service with the institution at the end of this year.

October 30, 2026, 03:57 PM 1,948 0

Morneau joined the CIBC board as an independent director in 2022, following a political career that spanned 2015 to 2020. During his time in Ottawa, he held the finance portfolio and represented Canada as governor at both the International Monetary Fund and the World Bank. His appointment signals a transition for the bank’s leadership as it navigates current economic shifts. Outside of his banking responsibilities, Morneau maintains his current roles as chair of NovaSource Power Services and as a director at Clairvest Group. Stevenson departs the board after six years in the chair position, capping a total of ten years of service as an independent director.

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