CIBC says CEO Gerry McCaughey to retire in 2016

Thu Apr 24, 2014 10:04am EDT
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TORONTO, April 24 (Reuters) - Canadian Imperial Bank of Commerce said on Thursday that Chief Executive Officer Gerry McCaughey plans to retire as of April 30, 2016.

Toronto-based CIBC, Canada's fifth-largest bank, said the actual date of McCaughey's retirement could change upon the completion of a succession plan that is currently underway. (Reporting by Euan Rocha)