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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported):
September 11, 2026
Celestica Inc.
(Exact name of registrant as specified in its charter)
| Ontario, Canada |
001-14832 |
98-0185558 |
| (State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
5140 Yonge Street, Suite 1900
Toronto, Ontario, Canada |
|
M2N 6L7 |
| (Address of principal executive officers) |
|
(Zip Code) |
(416) 448-2211
(Registrant’s telephone number, including
area code)
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K is intended to
simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ☐ |
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| ☐ |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| ☐ |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c) |
| Securities registered pursuant to Section 12(b) of the Act: |
| |
| Title of each class |
|
Trading |
|
Name of each exchange on which registered |
| Common Shares without par value |
|
CLS |
|
New York Stock Exchange |
Indicate by check mark whether the registrant is an emerging growth
company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities
Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If
an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying
with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
| Item 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of
Certain Officers. |
On September 11, 2026, Celestica Inc. (the “Company”)
announced that Mandeep Chawla, the Company’s current Chief Financial Officer, will be appointed to the newly created role of Group
President, Global Markets and Todd Ankenmann will be appointed Chief Financial Officer, each effective as of October 1, 2026.
Mr. Chawla, age 50, joined the Company in 2010
and held progressively senior roles before being appointed to the role of Chief Financial Officer in 2017. Prior to joining the Company,
he spent nearly a decade at General Electric, followed by senior leadership roles across the engineering and life sciences sectors. Mr.
Chawla is a member of the Board of Directors of CCL Industries Inc. and previously served on the Board of Directors of Sleep Country Canada
Holdings Inc. He is a CPA, CMA and holds a Master of Finance degree from Queen’s University and a Bachelor of Commerce degree from
McMaster University. In connection with his new role, Mr. Chawla’s salary will be increased to $750,000, his target incentive under
the Celestica Team Incentive Plan (“CTI”) will be increased to 120%, and he will be granted an equity award with a grant date
target value of $1,700,000 to be composed of 40% restricted share units (“RSUs”) and 60% performance share units (“PSUs”).
Mr. Ankenmann, age 50, joined the Company in 2018
and most recently served as Senior Vice President, Finance since 2025. Prior to joining the Company, he spent over a decade in senior
finance roles at General Electric. He holds an Honours Bachelor, Business Administration and Management degree from Wilfrid Laurier University.
In connection with his new role, Mr. Ankenmann’s salary will be increased to $600,000, his target incentive under the CTI will be
increased to 80%, and he will be granted an equity award with a grant date target value of $1,450,000 to be composed of 40% RSUs and 60%
PSUs.
Neither Mr. Chawla nor Mr. Ankenmann has any family
relationship with any director or executive officer of the Company or has a direct or indirect interest in any related person transaction
that is required to be disclosed pursuant to Item 404(a) of Regulation S-K.
| Item 9.01. | Financial Statements and Exhibits. |
| Exhibit No. |
Description |
| 99.1 |
Press release of the Company dated September 11, 2026 |
| 104 |
Cover Page Interactive Data File (embedded within the Inline XBRL document) |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| |
Celestica Inc. |
| |
|
|
| Date: September 11, 2026 |
|
|
| |
By: |
/s/ Douglas Parker |
| |
|
Name: |
Douglas Parker |
| |
|
Title: |
Chief Legal Officer and Corporate Secretary |
Exhibit 99.1
FOR IMMEDIATE RELEASE
Celestica Announces New Leadership Structure
to Support Unprecedented Growth
Mandeep Chawla named to newly created role
of Group President, Global Markets;
Todd Ankenmann appointed to Chief Financial
Officer
TORONTO, Sept. 11, 2026 – Celestica Inc. (NYSE, TSX: CLS),
a global leader in data center infrastructure and advanced technology solutions, today announced executive leadership appointments to
align with the company’s strong growth trajectory and position the business for sustainable, multi-year growth. Effective October 1,
2026, Mandeep Chawla will assume the newly created role of Group President, Global Markets, and Todd Ankenmann will succeed him as Chief
Financial Officer (CFO).
In the new role of Group President, Global Markets, Chawla will oversee
the company's overarching commercial execution and global market expansion. This structure is designed to drive operational velocity,
scale the business effectively and capture accelerating demand across Celestica’s end markets.
Chawla has served as Celestica's CFO since 2017, playing a critical
role in driving the company's financial health, strategic transformation, and long-term performance. Prior to joining Celestica in 2010,
Chawla spent nearly a decade at General Electric (GE), followed by senior leadership roles across the engineering and life sciences sectors.
“Celestica is experiencing unprecedented growth, and as we look
to the future, we are evolving our leadership structure to ensure we can scale effectively and continue delivering exceptional value to
our customers and shareholders,” said Rob Mionis, Chairman and Chief Executive Officer, Celestica. "Mandeep has been an outstanding
CFO and a core contributor to our strategic vision. His deep understanding of our business, combined with his exceptional commercial acumen,
makes him the ideal leader to step into this crucial new role to drive our next chapter of growth.”
Succeeding Chawla as CFO is Todd Ankenmann, who brings a wealth of
institutional knowledge and financial expertise to the executive team. Ankenmann joined Celestica in 2018 and currently serves as Senior
Vice President, Finance, where he plays a pivotal role in strategic planning, financial reporting, and commercial execution. Before joining
Celestica, Ankenmann spent over a decade in senior finance leadership roles at GE.
“With his deep understanding of our business model, rigorous
financial management, and proven track record across our ATS and CCS businesses, Todd is uniquely positioned for a seamless transition
to Chief Financial Officer," said Mionis. “Together, these appointments optimize our executive team to deliver on our long-term
growth objectives."
About Celestica
Celestica is a technology leader dedicated to driving customer success
and market advancements. With deep expertise in design, engineering, manufacturing, supply chain, and platform solutions, Celestica enables
critical data center infrastructure for AI, cloud and hybrid cloud, and advances technologies in high-growth markets. With a talented
team and a strategic global network, Celestica helps its customers achieve competitive advantages. For more information on Celestica,
visit www.celestica.com. Our securities filings can be accessed at www.sedarplus.ca and www.sec.gov.
Cautionary Note Regarding Forward-Looking
Statements
Statements in this press release relating
to Celestica’s future plans, expectations, beliefs, and intentions are “forward-looking statements” and are subject
to material risks, uncertainties, and assumptions. Those statements may include statements related to strong growth trajectory and sustainable,
multi-year growth, and expected benefits of leadership appointments, including driving operational velocity, scaling the business effectively
and capturing accelerating demand across end markets, all of which are made pursuant to the Safe Harbor provisions of the Private Securities
Litigation Reform Act of 1995, and Canadian securities laws. Forward-looking statements are commonly identified by words such as “would,”
“may,” “expects,” “believes,” “designed to” “intends,” “position for”
and other terms with similar meaning. Investors are cautioned that the forward-looking statements in this press release are based on current
beliefs, assumptions and expectations, speak only as of the date of this press release and involve risks and uncertainties that could
cause actual results to differ materially from current expectations. Such statements are subject to certain known and unknown risks and
uncertainties, many of which are difficult to predict and are generally beyond Celestica’s control, that could cause actual results
and other future events to differ materially from those expressed in, or implied or projected by, the forward-looking information. Investors
are urged to review in detail the risks, uncertainties, and assumptions contained in Celestica’s Securities and Exchange Commission
(SEC) filings, including Celestica’s most recent reports on Form 10-K, Form 10-Q, Current Reports on Form 8-K and
other documents filed with, or furnished to, the SEC, and the Canadian Securities Administrators. These filings are available on the SEC’s
website, and www.sedarplus.ca or on Celestica’s website at https://corporate.celestica.com/sec-filings. Celestica
undertakes no duty to update any statement in light of new information or future events or otherwise, except as expressly required by
applicable law.
Celestica Contacts:
Celestica Global Communications
(416) 448-2200
media@celestica.com
Celestica Investor Relations
(416) 448-2211
