Celestica announced a significant executive leadership restructuring to support its growth. Current Chief Financial Officer Mandeep Chawla has been appointed to the newly created role of Group President, Global Markets. He will be succeeded as CFO by Todd Ankenmann, the current Senior Vice President of Finance.
Key Details
- Effective Date: All executive appointments are effective as of October 1, 2026.
- Mandeep Chawla (New Role: Group President, Global Markets): Compensation for his new role includes an increased salary of $750,000, a 120% target incentive, and a $1.7 million equity award.
- Todd Ankenmann (New Role: Chief Financial Officer): Compensation for his appointment includes a salary of $600,000, an 80% target incentive, and a $1.45 million equity award.
- Strategic Rationale: The company stated the changes are designed to support its "unprecedented growth," drive operational velocity, and effectively scale the business.