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CIBC announced on March 24 a contribution of $500 000 to Concordia’s John Molson School of Business (JMSB) toward seven annual awards: two CIBC Doctoral Business Fellowships — worth $20 000 — for students entering the PhD program; and five CIBC Undergraduate Entrance Bursaries — worth $20 000 — to full-time students in financial need.
About 55 guests gathered for the gift-announcement ceremony on the 6th floor of the MB Building. CIBC was well represented at the event by a contingent that included Sylvain Vinet, Senior Vice-President, Retail Distribution, Eastern Canada; Robert Lorange, EMBA 93, Vice-President, Commercial Banking, Quebec; and Michel Cantin, Vice-President, Retail Market, Quebec.
Vinet said this gift reflected CIBC’s commitment to higher education and community-engagement initiatives. “Our goal is to provide access to opportunities in education so that our country’s brightest students have the chance to succeed in their chosen field of studies,” Vinet said.
President Judith Woodsworth thanked the CIBC for its generosity and noted that its president and Chief Executive Officer, Gerry McCaughey, is a Concordia alumnus.
“Mr. McCaughey is one of us — he’s a JMSB graduate and a true role model for all our students,” Woodsworth said. “We’re proud that he’s a member of the Concordia family and we’re proud of all our graduates, especially when they also choose to give back to the university. It’s great for us to see our graduates succeed in the workforce and prove that their education is valuable.”