Celestica Inc. (NYSE: CLS; TSX: CLS) shares rose 5.74% to $343.88 after the company announced changes to its executive leadership structure. The stock had traded earlier near $325. The appointments are intended to support execution across Celestica’s expanding international markets as demand grows for data center infrastructure and advanced technology products.

Mandeep Chawla to Lead Global Markets

Celestica named Mandeep Chawla Group President of Global Markets, establishing a new senior leadership position within the company. Chawla will assume the role on October 1, 2026, after serving as Celestica’s Chief Financial Officer.

In his new position, Chawla will oversee global market expansion and coordinate the company’s broader commercial activities across its major business segments. His responsibilities will include supporting business growth, improving execution, and helping Celestica respond to increasing customer demand. The company said the structure is designed to provide dedicated executive oversight for scaling commercial operations across its international markets.

Chawla has been Celestica’s CFO since 2017 and has supported several significant changes at the company. He joined Celestica in 2010 after spending nearly a decade at General Electric. Before and during his time at Celestica, his experience included senior roles connected to engineering and life sciences businesses.

Todd Ankenmann Appointed Chief Financial Officer

Todd Ankenmann will become Celestica’s CFO when the leadership changes take effect on October 1, replacing Chawla in the position. Ankenmann currently serves as Senior Vice President of Finance and joined Celestica in 2018.

During his tenure, Ankenmann has worked in strategic planning, commercial execution, and financial reporting. He also has experience with Celestica’s Advanced Technology Solutions and Connectivity and Cloud Solutions operations. That background includes direct exposure to business units that contribute significant portions of the company’s revenue base.

Celestica said the internal appointment is intended to support continuity in its finance operations and growth plans. Before joining Celestica, Ankenmann spent more than 10 years in senior finance positions at General Electric, where his responsibilities included financial management across large and complex operating businesses.

The appointment comes as Celestica expands its infrastructure operations and manages rising demand from technology customers. Under the new structure, Chawla will focus on commercial activity and global markets, while Ankenmann will oversee financial strategy and reporting as CFO. The October 1 effective date provides a clear point at which investors and customers can assess how the two responsibilities operate under the revised structure.

Celestica Expands Its Global Technology Operations

Celestica has increased its role in data center infrastructure as growing computing requirements support spending on advanced hardware systems. The company also serves customers in aerospace, defense, industrial, health technology, communications, and other specialized markets.

The breadth of these operations has increased the importance of efficient production, financial controls, and coordinated commercial execution. By separating key commercial responsibilities from core financial management, the leadership changes assign each executive a defined area of responsibility as Celestica manages a larger and more complex business.

Celestica’s shares trade on both the New York Stock Exchange and the Toronto Stock Exchange under the CLS ticker. The latest advance followed market interest in companies supporting expanding data center infrastructure requirements. The executive appointments represent another development as Celestica pursues growth across its global technology markets.

Source: Blockonomi