CIBC is naming former federal finance minister Bill Morneau as the next chair of its board of directors.
Morneau will assume the role on Jan. 1, succeeding Katharine Stevenson, who is will retire from the board at the end of 2026.
Get daily National news
Get daily Canada news delivered to your inbox so you'll never miss the day's top stories.
By providing your email address, you have read and agree to Global News' Terms and Conditions and Privacy Policy.
Stevenson has been chair of the bank for six years and an independent director for 10 years.
Morneau has served as an independent director of CIBC since 2022.
Before entering politics, Morneau led human resources and pension services firm Morneau Shepell from 1990 to 2015.
Morneau currently serves as chair of NovaSource Power Services and as a director at Clairvest Group Inc.
Well if that doesn’t make you want to close your accounts you’re an idiot.