Business · Companies · 2 hrs ago
Bill Morneau named next chair of CIBC board
CIBC has named Bill Morneau its next board chair, putting the former Canadian finance minister in a senior role at one of the country’s largest banks.
Morneau will take over on Jan.
1 from Katharine Stevenson, who will leave the board at the end of 2026.
Stevenson has chaired the bank for six years and served as an independent director for 10 years.
Morneau has been an independent CIBC director since 2022, so he already has experience on the bank’s board.
Before entering politics, he led human resources and pension services firm Morneau Shepell from 1990 to 2015.
He also chairs NovaSource Power Services and is a director at Clairvest Group.
CIBC has named former federal finance minister Bill Morneau as the next chair of its board.
Morneau will assume the role on Jan. 1, succeeding Katharine Stevenson.
Stevenson will retire from the board at the end of 2026 after six years as chair.
Morneau has been an independent CIBC director since 2022.
Before entering politics, Morneau led Morneau Shepell from 1990 to 2015.
- Who
- Bill Morneau, a former federal finance minister, will become chair of CIBC’s board.
- What
- CIBC named Morneau as its next board chair.
- When
- The appointment was announced on Oct. 30, 2026. He will assume the role on Jan. 1.
- Where
- CIBC is based in Toronto.
- Why
- Not stated
This story does not have two clearly opposing sides.
CIBC announced that Bill Morneau would become the next chair of its board.
Katharine Stevenson is due to retire from the board.
Morneau is due to assume the chair’s role.
- Incoming chair
- Bill Morneau
- Bank
- CIBC
- Announcement date
- Oct. 30, 2026
- Current chair
- Katharine Stevenson
- Morneau’s CIBC directorship
- Since 2022
- Stevenson’s board tenure
- 10 years