CIBC announces the election of Ammar El-Gendy to the Bank’s Board of Directors

TorontoAnd the 7 April 2022 /CNW/ – Catherine B. Stephenson, CIBC Chairman (TSX: cm(NYSE: CM) to announce today that Ammar El Gendy has been elected as a new member of the CIBC Board of Directors by shareholders. Mr. El-Gendy has extensive experience in finance and business strategies, as well as in the mining, financial markets and banking sectors.

He is the President and CEO of Agnico Eagle Mines Limited. Mr. Elgondy previously served as President of Agnico Eagle Mines Limited (since 2015) and prior to that held the position of Senior Vice President and Chief Financial Officer of the company.

Prior to joining Agnico Eagle, Mr. Elgondy held several senior financial positions at Barrick Gold, including: Executive Vice President and Chief Financial Officer, Senior Vice President – Capital Allocation and Strategy, and Senior Vice President – Finance. In addition, he held senior positions at Barrick South America, including General Manager and Chief Financial Officer, and served as Vice President – Structured Finance at Citibank, Canada.

Finally, Mr. Elgondy holds a B.Sc. in Mechanical Engineering (with distinction) from the University of Toronto In addition to an MBA (with distinction) from Western University.

About CIBC

CIBC is a major North American financial institution with 11 million individual and corporate clients, including institutional and public sector clients. Through personal and small business banking, commercial banking and wealth management, and capital markets, CIBC offers a full range of advice, solutions and services through its leading digital banking network, from its locations throughout Canada and from offices in the United States and around the world. News releases and additional information about CIBC can be found at https://cibc.mediaroom.com/.

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SOURCECIBC

For more information: Investor Relations: Alice Dunning, 416861-8870, [email protected]; Jason Patchett, 416980-8691, [email protected]; Financial Communications and Investor Communications, Erica Belling, 416594-7251, Available here. [email protected]

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