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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historical facts 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
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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.