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Celestica Announces Appointment Of New Chief Financial Officer

Stocks in this article: CLS

(All amounts in U.S. dollars. Per share information based on diluted shares outstanding unless noted otherwise).

TORONTO, Dec. 5, 2012 /PRNewswire/ - Celestica Inc. (NYSE, TSX: CLS), a global leader in the delivery of end-to-end product lifecycle solutions, today announced that Darren Myers has been appointed Executive Vice President and Chief Financial Officer. Mr. Myers is succeeding Paul Nicoletti, who will be leaving the company effective December 28 to pursue other interests.

Mr. Myers has over ten years of experience with Celestica and has held numerous financial roles of increasing responsibility. Most recently, he was Senior Vice President and Corporate Controller with responsibilities including external reporting, corporate tax, investor relations and all corporate finance and treasury-related matters. Mr. Myers' previous roles include Vice President of Finance for Bell Canada's Small and Medium Business Division and various roles at PricewaterhouseCoopers. Mr. Myers holds a Bachelor of Commerce (Honours) degree from McMaster University and is a Chartered Accountant.

"I would like to congratulate Darren on his appointment to Chief Financial Officer," said Craig Muhlhauser, President and Chief Executive Officer, Celestica. "Darren has proven himself to be a key member of Celestica's leadership team, with in-depth knowledge of our company and the EMS industry and expertise in all areas of financial operations. I am confident that under Darren's leadership, Celestica will maintain the high level of financial discipline that has earned the company the respect of the external marketplace."

"I also want to thank Paul Nicoletti for the significant contribution that he has made to Celestica's success over the course of his career, including the last six years as our Chief Financial Officer," said Muhlhauser. "Under Paul's leadership, we have built a best-in-class finance organization and significantly strengthened our balance sheet. I wish him all the best in his future endeavours."

Celestica is also reaffirming its fourth quarter financial guidance that was provided on October 23. The company anticipates revenue to be in the range of $1.425 billion to $1.525 billion, and adjusted net earnings per share to be in the range of $0.15 to $0.21.

About Celestica

Celestica is dedicated to delivering end-to-end product lifecycle solutions to drive our customers' success. Through our simplified global operations network and information technology platform, we are solid partners who deliver informed, flexible solutions that enable our customers to succeed in the markets they serve. Committed to providing a truly differentiated customer experience, our agile and adaptive employees share a proud history of demonstrated expertise and creativity that provides our customers with the ability to overcome any challenge.

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