CIBC announces national program in support of the next generation of young Canadian athletes

CIBC announces national program in support of the next generation of young 
Canadian athletes 
CIBC Team Next to invest $2 million to help young athletes reach their full 
potential with high-profile mentors, financial support and life coaching 
TORONTO, July 9, 2013 /CNW/ - CIBC (TSX: CM) (NYSE: CM) is proud to announce 
the CIBC Team Next program - a $2 million investment to assist 67 young 
athletes who aspire to realize their dreams and represent Canada on the world 
stage. 
In addition to providing amateur athletes with financial support, the program 
will provide invaluable opportunities to develop important career and life 
skills, along with mentorship from world class Canadian athletes, including 
Simon Whitfield, Bruny Surin, Kara Lang, Josh Cassidy, Mary Spencer and Mark 
de Jonge. 
"As Lead Partner of the TORONTO 2015 Pan Am/Parapan Am Games, we are proud to 
help create a lasting sport legacy in Canada through CIBC Team Next," said 
Richard Nesbitt, Chief Operating Officer, CIBC. "We know that Canada's young 
athletes, and their families, make many sacrifices to develop their athletic 
talents. We are proud to provide support as they balance their sports 
commitments with their education and career goals." 
"I am excited to be a mentor and share my experiences with these young 
athletes," said Simon Whitfield, Pan Am, World Cup and Olympic champion and 
CIBC Team Next mentor. "What I love about the program is that it not only 
helps athletes fund the training camps, international competitions and 
equipment that are a big part of their relentless pursuit of excellence, but 
also provides them with valuable life skills that will serve them well in 
their athletic career and beyond. I wish I had access to a program like this 
when I was starting out." 
Each of the 67 athletes selected will receive: 


    --  A $5,000 annual grant for the next three years ($15,000 total)
    --  Mentorship from prominent Canadian athletes: Simon Whitfield,
        Kara Lang, Josh Cassidy, Mary Spencer, Mark de Jonge and Bruny
        Surin
    --  Workshops and advice on personal finances, post-secondary and
        career planning, social media training and public speaking
    --  Exclusive access to the CIBC Team Next idea sharing forum
    --  Community support and networking opportunities through the
        local CIBC branches and employees in their home community
    --  Preferred CIBC products and services

"I am thrilled to see CIBC's sponsorship of the Toronto 2015 Pan Am and 
Parapan Am Games extended to support the development of Canada's up and coming 
young athletes," said the Hon. Bal Gosal, MP, Minister of State (Sport). "I 
applaud the establishment of CIBC Team Next as a robust program that will 
invest in 67 young and talented Canadian athletes with both financial support 
as well as fundamental life skills and advice that will help them in all their 
future endeavours."

To be considered for CIBC Team Next, athletes must be nominated by their 
respective sport organizations. The program is being administered for CIBC by 
AthletesCAN and Canadian Sport Institute Ontario, who will also manage the 
final selection process. For more information on the program and how to apply, 
please visit facebook.com/cibc.

"TO2015 is excited to support CIBC Team Next as part of the legacy of the 
Games," said Ian Troop, CEO of TO2015. "By investing in the athletic success 
of 67 young Canadians, CIBC's program will have a lasting impact not just on 
the athletes, but on the sport community as a whole."

"AthletesCAN is pleased to partner with CIBC to deliver the CIBC Team Next 
program," said Jasmine Northcott, Executive Director, AthletesCAN. "This is 
a tangible investment in athletes early in their competitive careers, when 
traditionally resources have been scarcest, and provides a platform for 
communities across Canada to get behind our athletes as we cheer them on in 
2015 and beyond."

CIBC's investment of $2 million in the program is in addition to $2 million 
legacy investments already committed in support of Canada's youth related to 
the Pan/Parapan Am Games, including sport-related CIBC Youthvision 
scholarships, and programs for Aboriginal youth.

CIBC is a leading North American financial institution with 11 million 
personal banking and business clients. CIBC offers a full range of products 
and services through its comprehensive electronic banking network, branches 
and offices across Canada, and has offices in the United States and around the 
world. You can find other news releases and information about CIBC in our 
Press Centre on our corporate website at www.cibc.com.

Media contact: Kevin Dove, Head of External Communications, 
CIBC,kevin.dove@cibc.com/416-304-5567.

Image with caption: "Kara Lang, Mary Spencer and Simon Whitfield kick off the 
launch of CIBC Team Next, a national program which provides funding and 
mentorship to 67 young athletes who aspire to represent Canada on the world 
stage. Other mentors include world-class athletes Bruny Surin, Josh Cassidy, 
and Mark de Yonge. (CNW Group/Canadian Imperial Bank of Commerce)". Image 
available at:  
http://photos.newswire.ca/images/download/20130709_C6009_PHOTO_EN_28900.jpg

SOURCE: Canadian Imperial Bank of Commerce

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CO: CIBC
ST: Ontario
NI: FIN CHARITY 

-0- Jul/09/2013 18:34 GMT