Former federal finance minister Bill Morneau to join CIBC board of directors

TORONTO -- Former federal finance minister Bill Morneau will join CIBC's board of directors next month.

The bank says Morneau will become a member of the board effective Nov. 1.

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CIBC board chair Kate Stevenson says Morneau's breadth of leadership across the public and private sectors will benefit the board.

Morneau served as finance minister and a Liberal member of Parliament from 2015 to 2020 when he left federal politics.

Before he was elected as an MP, Morneau headed human resources consulting firm Morneau Shepell, a company founded by his father.

The addition of Morneau grows the CIBC board of directors to 15 members.

This report by The Canadian Press was first published Oct.18, 2022