logo
Plus   Neg
Share
Email

CIBC Names Hratch Panossian To Succeed Kevin Glass As CFO - Quick Facts

Canadian Imperial Bank of Commerce or CIBC (CM.TO,CM) President and CEO Victor Dodig announced Thursday that Senior Executive Vice-President and Chief Financial Officer Kevin Glass is retiring after 10 years with the bank, effective January 1, 2020.

Glass will continue to serve as CFO until October 31, 2019 and stay on as a special advisor during a transition period until his retirement.

CIBC has promoted Hratch Panossian, current EVP of Global Controller and Investor Relations, to succeed Glass as Senior Executive Vice-President and CFO, effective November 1, 2019.

Panossian has previously held key leadership roles in Treasury, Finance, and Corporate Strategy and Development, in addition to broad experience from the financial services and consulting sectors.

Additionally, CIBC said Kevin Patterson, Senior Executive Vice-President and Group Head, Technology and Operations will be retiring after more than 35 years with the bank, effective May 1, 2020. Patterson will remain in his role until his retirement next year.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Pizza Hut's large Original Pan Pizza is now available at locations across the U.S. for $10.99. The fast food chain, a subsidiary of Yum! Brands Inc., said that fans can now get a large Original Pan Pizza with up to three of their favorite toppings, without needing to stretch their wallets. The Original Pan Pizza is a buttery golden-brown color. The U.S. Food and Drug Administration approved the first drug to treat adults and children aged 12 years and older with hypereosinophilic syndrome for six months or longer without another identifiable non-blood related cause of the disease. GlaxoSmithKline's Nucala (mepolizumab) is the first FDA-approved drug in nearly 14 years to treat this group of rare and debilitating blood diseases. Uber has won a legal battle to continue to operate in London, one of its largest markets. The ride-hailing company has been granted an 18-month license to operate in London after overturning the ban on an appeal for the second time. The Westminister Magistrates Court found Uber London Ltd. a "fit and proper" company to run the services in London.
Follow RTT