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Sonia Baxendale

Sonia Baxendale, the former head of retail banking at Canadian Imperial Bank of Commerce, has joined the board of directors at life insurer Foresters.

Ms. Baxendale departed CIBC in a management shakeup last year during which Richard Nesbitt was named the head of investment banking, signalling that he was the leading candidate to succeed Gerry McCaughey as chief exectuive officer.

At the time, Ms. Baxendale was one of the highest-ranking women on Bay Street, and she has laid low since announcing her departure in March, 2011.

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