TORONTO, Oct. 21, 2014 /PRNewswire/ - Celestica Inc. (NYSE, TSX: CLS), a
global leader in the delivery of end-to-end product lifecycle
solutions, today announced that its President and Chief Executive
Officer, Craig Muhlhauser, has informed the Board of Directors of his
intent to retire as an officer and director of the company by the end
of 2015, beginning an orderly leadership transition over the next
twelve months.
Bill Etherington, Chairman of the Board of Directors said, "On behalf of
everyone at Celestica, I want to thank Craig for his exceptional
leadership. Over the past eight years, the company has significantly
strengthened its operational and financial performance, particularly in
the areas of revenue diversification, profitability and balance sheet.
Craig's vision has positioned Celestica for a bright future, and we
look forward to his continued leadership as we conduct our global
search for his successor."
"It has been a privilege to serve as Celestica's CEO," said Muhlhauser.
"Celestica has a strong leadership team and a talented and dedicated
group of employees, and together we have significantly strengthened the
company's position in the EMS industry in the eyes of our customers,
employees and shareholders. With this positive momentum, I believe it
is a good time to begin the transition to new leadership, and I look
forward to continuing in my role over the next year and working with
the board to ensure a smooth transition."
The Board of Directors has formed a committee and engaged Spencer Stuart
to support a comprehensive search process to identify the next CEO,
considering both external and internal candidates.
About Celestica
Celestica is dedicated to delivering end-to-end product lifecycle
solutions to drive our customers' success. Through our simplified
global operations network and information technology platform, we are
solid partners who deliver informed, flexible solutions that enable our
customers to succeed in the markets they serve. Committed to providing
a truly differentiated customer experience, our agile and adaptive
employees share a proud history of demonstrated expertise and
creativity that provides our customers with the ability to overcome
complex challenges.
Celestica Safe Harbour and Fair Disclosure Statement
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are forward-looking statements. Such forward-looking statements are
predictive in nature and may be based on current expectations,
forecasts or assumptions involving risks and uncertainties that could
cause actual outcomes to differ materially from the forward-looking
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the safe harbour for forward-looking statements contained in the U.S.
Private Securities Litigation Reform Act of 1995, and in applicable
Canadian securities legislation. Forward-looking statements are not
guarantees of future actions, events or outcomes. You should understand
that the risks, uncertainties and factors which are identified in our
various public filings at www.sedar.com and www.sec.gov could affect
our future actions, events and outcomes and could cause them to differ
materially from those expressed in such forward-looking statements.
Forward-looking statements are provided for the purpose of providing
information about management's current expectations and plans relating
to the future. Readers are cautioned that such information may not be
appropriate for other purposes. Except as required by applicable law,
we disclaim any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.
SOURCE Celestica Inc.
