Celestica Inc. Announces CFO Transition; New Group President & CFO

What Happened Celestica Inc. filed an 8‑K on Sept. 11, 2026 announcing leadership changes effective Oct. 1, 2026: current CFO Mandeep Chawla will be appointed to a newly created role, Group President, Global Markets, and Todd Ankenmann will be appointed Chief Financial Officer. Chawla (age 50) joined Celestica in 2010 and has been CFO since 2017; Ankenmann (age 50) joined in 2018 and has served as Senior VP, Finance since 2025.

Key Details

• Effective date: October 1, 2026 (announced Sept. 11, 2026).
• Mandeep Chawla: salary increased to $750,000; CTI target incentive raised to 120%; equity award grant-date target value $1,700,000 (40% RSUs, 60% PSUs).
• Todd Ankenmann: salary increased to $600,000; CTI target incentive set at 80%; equity award grant-date target value $1,450,000 (40% RSUs, 60% PSUs).
• Both executives have prior senior finance experience (including time at General Electric); no family relationships or related‑person transactions to disclose under Item 404(a).

Why It Matters This 8‑K documents a planned executive succession and compensation adjustments at the finance leadership level. For investors, the announcement signals internal continuity (promotion of an existing CFO to a new market leadership role and an internal finance executive stepping into the CFO role) and includes concrete compensation and equity grants that will affect executive incentive alignment and near‑term compensation expense. The filing does not disclose any related‑party issues.