Managing Director
Head of the Finance & Professional Services Practice

DOUG CHORNOBOY, CPA, CMA

Former Senior Vice President and Controller of CIBC  |  CFO of several public and private companies
Responsible for CIBC’s global operations with significant board and executive committee involvement
Extensive CFO experience for Schedule 1 Banks, Merchant Banks and Investment Dealers including Wood Gundy

Highlights:

• Highly effective, results oriented, senior finance leader who makes a difference by delivering creative solutions to critical business challenges
• CFO of both public and private, large and small capitalization companies, as well as heavily regulated businesses
• Completed numerous acquisitions and divestitures including valuation, financial modeling, due diligence, and purchase agreement negotiation
• Restructured company to deal with global economic downturn in 2008 by selling businesses, closing unprofitable locations, reducing staffing levels, renegotiating leases and major vendor contracts, redesigning compensation plans, and raising capital
• Established performance focused culture by implementing performance measurement processes focusing on critical success factors
• Led CIBC wide, cost reduction project resulting in staff reductions of 2,300 and annual savings of $500 million
• Led the implementation of 2 major ERP projects, as well as the restructuring / re-engineering of several finance departments
• Led and mentored finance and non-finance (human resources, technology, faculties management, legal) teams
• Led funding activities through negotiating credit faculties, private placements, (debt and equity), and prospectus financings
• Developed and implemented financial information reporting framework to significantly reduce delivery times while improving accuracy and value