Industry reacts to CIBC’s CEO succession plan

Victor Dodig, CIBC’s newly appointed CEO, is taking the reins a mere six weeks after his appointment. Is it enough time to make a smooth transition?

Read: Succession planning can boost business

Industry reaction’s mixed, a Canadian Business report explains.

James Wong, a business succession expert at RBC Wealth Management, told the magazine Dodig’s transition timeline is much shorter than normal.

Wayne Vanwyck, CEO of the Achievement Centre International, doesn’t think there’s cause for concern. “Because he’s already familiar with the politics, people and products [of CIBC] he doesn’t need a long time to get up to speed on those things,” he told Canadian Business.

Read more here.

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Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.