Celestica

Celestica Inc. is a Canadian multinational design, manufacturing, hardware platform, and supply chain electronics manufacturing services (EMS) company headquartered in Toronto, Ontario. The company operates in 50 sites across 15 countries. [2]

Celestica Inc.
TypePublic
TSX: CLS
NYSE: CLS
IndustryElectronics
Founded1994 by IBM
HeadquartersToronto, Ontario, Canada
Key people
Rob Mionis (CEO)
RevenueIncrease US$ 7.25 billion (2022)[1]
Increase US$ 145.5 billion (2022)[1]
Total assetsIncrease US$ 5.268 billion (2022)[1]
Total equityIncrease US$ 1.678 billion (2022)[1]
Number of employees
28,000 (2018)
ParentOnex Corporation
Websitewww.celestica.com

History

Celestica was incorporated in 1994 as a subsidiary of IBM.[3] In 1996, it was sold off to Onex Corporation. In April 2001, the company announced it was laying off 3,000 people, about 10% of its workforce, due to the dot-com crash.[4] Losses mounted and on 29 January 2004 the company announced that company CEO Eugene Polistuk would be retiring. In April 2004, Stephen Delaney took over as CEO in a temporary capacity.[5]

CEO Craig Muhlhauser announced his retirement in October 2014. Rob Mionis took over for him on 1 August 2015.[6]

References

Notes
  1. "Celestica Announces Fourth Quarter 2022 Financial Results". Bloomberg. 25 January 2023. Retrieved 7 February 2023.
  2. , "Wall Street Journal", 2 October 1996
  3. "History and Milestones". Celestica. Retrieved 27 February 2023.
  4. "Celestica, Inc. Raises Earnings Outlook; Announces Job Cuts", 18 April 2001
  5. "Polistuk leaves Celestica", CBC News, 28 January 2004
  6. The Canadian Press, Celestica. "Celestica names Robert Mionis as new CEO; takes over from Craig Muhlhauser". Canadian Business. Retrieved 8 July 2015.

Bibliography
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