The Canadian Imperial Bank of Commerce has shuffled top executives. The most important moves are the departure, unexplained, of Sonia Baxendale (right) who was the bank’s retail markets senior executive vice-president. The announcement said Baxendale had established a strong retail markets franchise with market-leading positions and a track record of innovation. She earned $4.44 million in 2010. Her replacement is David Williamson (left) who will now be in charge of personal and business banking. He had been the bank’s CFO since 2008. Kevin Glass replaces Williamson as CIBC’s chief financial officer and will report to the CEO under his new role on the senior executive team. He has worked at the bank since 2009. The changes are discussed in this Reuters story as they impact succession to CEO. Williamson replaces Baxendale at CIBC
by •
The Canadian Imperial Bank of Commerce has shuffled top executives. The most important moves are the departure, unexplained, of Sonia Baxendale (right) who was the bank’s retail markets senior executive vice-president. The announcement said Baxendale had established a strong retail markets franchise with market-leading positions and a track record of innovation. She earned $4.44 million in 2010. Her replacement is David Williamson (left) who will now be in charge of personal and business banking. He had been the bank’s CFO since 2008. Kevin Glass replaces Williamson as CIBC’s chief financial officer and will report to the CEO under his new role on the senior executive team. He has worked at the bank since 2009. The changes are discussed in this Reuters story as they impact succession to CEO.