History
Leadership
Celestica's President and CEO is Rob Mionis. Mionis took over leadership on 1 August 2015 after Craig Muhlhauser announced his retirement in October 2014.Crash
In April 2001, the company announced it was laying off 3,000 people, about 10% of its workforce, due to the dot-com crash. Losses mounted and on 29 January 2004 the company announced that company CEO Polistuk would be retiring. In April 2004, Stephen Delaney took over as CEO in a temporary capacity.Controversy
On 12 January 2007, a shareholder class action suit was filed in New York against Celestica and members of the company's executive team. The complaint alleged that the company made materially false and misleading statements about the business and failed to disclose adverse facts, namely: #that the Company was experiencing declining demand in its Mexican operations and that the division was carrying significant amounts of unneeded inventory which would have to be written off; #that the Company was experiencing declining demand in its Information Technology (IT) and Communications market segments as its larger customers scaled back purchases; and that the stock dropped when this information later became public. This class action suit was dismissed in 2010.http://classactionworld.com/Celestica,+Inc.+Class+Action+Litigation./saaoc/13320.html Celestica, Inc. Class Action Litigation.: Settled and/or Concluded CaseReferences
Notes
Bibliography
* David Einstein