Celestica Inc. (NYSE, TSX: CLS) announced a new executive leadership structure on September 11, 2026, citing an unprecedented growth trajectory that requires the business to scale more effectively. Effective October 1, 2026, long-serving CFO Mandeep Chawla will move into a newly created role of Group President, Global Markets, while Todd Ankenmann will be appointed Chief Financial Officer. The reorganisation signals Celestica's intent to accelerate commercial execution and capture growing demand across its data centre infrastructure and advanced technology end markets.

Key Points

  • Celestica Inc. (NYSE, TSX: CLS) is a Toronto-based global leader in data centre infrastructure and advanced technology solutions
  • Mandeep Chawla transitions from CFO to the newly created Group President, Global Markets role, effective October 1, 2026
  • Todd Ankenmann, currently Senior Vice President, Finance, succeeds Chawla as Chief Financial Officer on the same date
  • Investors may watch for further strategic direction at Celestica's 2026 Investor and Analyst Day scheduled for October 27, 2026

Chawla's New Mandate as Group President, Global Markets

In his newly created role, Mandeep Chawla will take responsibility for Celestica's overarching commercial execution and global market expansion. The company stated the structure is designed to drive operational velocity, scale the business effectively, and capture accelerating demand across its end markets. Chawla has served as CFO since 2017 and joined Celestica in 2010, having previously spent nearly a decade at General Electric followed by senior leadership roles in the engineering and life sciences sectors. CEO Rob Mionis described Chawla's commercial acumen as making him the ideal leader for the newly formed position.

Todd Ankenmann Steps Up to Chief Financial Officer

Todd Ankenmann joined Celestica in 2018 and currently serves as Senior Vice President, Finance, where he has been involved in strategic planning, financial reporting, and commercial execution across the company's ATS and CCS business segments. Before joining Celestica, he spent over a decade in senior finance leadership roles at GE. Mionis stated in the announcement that Ankenmann's deep understanding of Celestica's business model and his proven track record position him for a seamless transition into the CFO role. The company did not disclose any changes to compensation arrangements in the announcement.

Leadership Structure Aligned With Multi-Year Growth Strategy

Celestica framed the appointments as a deliberate evolution of its executive structure to support what it describes as unprecedented growth. The company noted the reorganisation is intended to enable sustainable, multi-year performance and to ensure Celestica can continue delivering value to customers and shareholders. The release states forward-looking statements regarding growth trajectory and expected benefits of the appointments are subject to material risks and uncertainties. The immediate share price impact was not clear from available public information.