Celestica Inc. Announces Chair Succession, Appointment of New Director, and Board Updates

Key Developments Investors Need to Know

Celestica Inc. (NYSE: CLS, TSX: CLS), a global leader in data center infrastructure and advanced technology solutions, has announced a series of significant leadership changes and a notable Board appointment—all of which may be of interest to shareholders and could have implications for the company’s future direction and share value.

1. Board Chair Succession Plan

• Michael Wilson, Current Chair of the Board, to Retire: Michael Wilson will retire as Chair of Celestica’s Board of Directors effective immediately prior to the company’s Annual Meeting of Shareholders on May 19, 2026. He will not stand for re-election as a director at the 2026 Annual Meeting.
• Rob Mionis to Assume Role of Board Chair: Rob Mionis, currently serving as Celestica’s President and Chief Executive Officer, will assume the additional role of Chair of the Board at the same time. Mionis has been a Board member since 2015 and brings extensive leadership experience and a deep understanding of Celestica’s business.
• Laurette Koellner Appointed as Lead Independent Director: A veteran Board member, Koellner will be appointed Lead Independent Director. She will preside over executive sessions of independent directors and act as a liaison between the independent directors and the Board Chair, ensuring independent oversight and robust governance.

2. Appointment of New Director: David Reeder

• David Reeder to Join Board Effective May 1, 2026: Celestica is adding David Reeder, an accomplished executive with substantial experience in global semiconductor and technology companies.
• Professional Background:
  • Currently President, CEO, and Director at Entegris, Inc.
  • Former CFO at Chewy (2024–2025) and GlobalFoundries (2020–2024), where he played a key role in GlobalFoundries’ IPO in 2021.
  • Held executive roles at Tower Hill Insurance Group, Lexmark International, Electronics for Imaging, Cisco, Broadcom, and Texas Instruments.
  • Served on the board of Alphawave IP Group plc (2023–2025).
• Reeder brings significant financial and operational expertise across multiple industries, particularly in semiconductors and technology, which could benefit Celestica’s growth and execution strategy.

3. Board Composition Post-Meeting

• Following the 2026 Annual Meeting, Celestica’s Board will consist of nine members.

Investor Takeaways and Potential Price-Sensitive Implications

• Leadership Stability and Succession: The planned and orderly succession for the Board Chair role and the appointment of a Lead Independent Director signal strong governance and stability, which are generally favored by institutional investors and could have a positive effect on share value.
• Infusion of Industry Expertise: The addition of David Reeder, with his deep semiconductor and technology background, could position Celestica to capitalize on growth opportunities in high-demand sectors such as AI, cloud, and hybrid cloud infrastructure—potentially supporting long-term share price appreciation.
• Strategic Direction: With the continued involvement of Rob Mionis (now as both President/CEO and Board Chair) and experienced oversight from Laurette Koellner, the Board is well equipped to execute the company’s long-term growth strategy. Any strategic shifts, acquisitions, or expansions under this leadership could significantly impact Celestica’s valuation.

Statements from Leadership

Rob Mionis: “Mike’s stewardship since 2011 has been instrumental in shaping Celestica into the high-growth technology leader it is today. I am honored to take on this additional responsibility and look forward to working closely with Laurette and the rest of the Board to execute our long-term strategy.”

Laurette Koellner: “Mike has set an outstanding example of principled leadership and, as Lead Independent Director, I will work to ensure that the Board continues with its commitment to strong corporate governance.”

Michael Wilson: “Rob’s deep experience and strategic foresight have been vital to the Company’s success, and he is an ideal choice to lead the Board in partnership with Laurette, whose deep governance expertise and industry knowledge make her ideally suited for this important role.”

Rob Mionis (on David Reeder): “His experience in the semiconductor and technologies industries together with his financial expertise will be a tremendous asset as we continue on executing our strategy and leading Celestica toward growth opportunities and expansion.”

About Celestica

Celestica is a technology leader with deep expertise in design, engineering, manufacturing, supply chain, and platform solutions. The company is well positioned in critical data center infrastructure for AI, cloud, and hybrid cloud and is focused on high-growth technology markets.

For further information, investors can visit www.celestica.com.

Disclaimer: This article is intended for informational purposes only and does not constitute investment advice. Investors should conduct their own due diligence and consult with their financial advisors before making investment decisions. The information provided is based on the latest company disclosures as of March 24, 2026, and may be subject to change.

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