Celestica Appoints Chief Financial Officer

    TORONTO, June 18 /CNW/ - Celestica Inc. (NYSE, TSX: CLS), a global
provider of innovative electronics manufacturing services (EMS), today
announced that Paul Nicoletti has been appointed Executive Vice President and
Chief Financial Officer, effective immediately.
    Mr. Nicoletti has been acting Chief Financial Officer since March 28,
2007 when Tony Puppi retired from the position.
    Commenting on the appointment, Craig Muhlhauser, Chief Executive Officer,
Celestica said: "As part of the process to name a new Chief Financial Officer,
we conducted a thorough review of internal and external candidates. It became
clear that Paul is the ideal candidate for the role. He has proven himself to
be a key member of Celestica's leadership team, has in-depth knowledge of our
company and the EMS industry and has expertise in all areas of financial
operations. I look forward to working closely with Paul as we focus on our
gameplan to turn Celestica around and deliver appropriate value to our
customers and shareholders."
    Mr. Nicoletti has been with Celestica since the company's inception in
roles of increasing responsibility. His most recent role was Senior Vice
President, Finance, responsible for all aspects of Celestica's global
financial operations, segment financial reporting, strategic pricing and tax
matters. Prior to that, he was the Vice President of Global Financial
Operations. Mr. Nicoletti holds a Bachelor of Arts degree from the University
of Western Ontario and a Master of Business Administration degree from the
Schulich School of Business at York University.

    About Celestica

    Celestica is dedicated to providing innovative electronics manufacturing
services that accelerate our customers' success. Through our efficient global
manufacturing and supply chain network, we deliver competitive advantage to
companies in the computing, communications, consumer, industrial, and
aerospace and defense end markets. Our employees share a proud history of
proven expertise and creativity that provides our customers with the
flexibility to overcome any challenge.
    For further information on Celestica, visit its website at
    The company's security filings can also be accessed at
http://www.sedar.com and http://www.sec.gov.

    Celestica Safe Harbour and Fair Disclosure Statement
    This news release contains forward-looking statements related to our
future growth, trends in our industry, our financial and or operational
results, and our financial or operational performance. Such forward-looking
statements are predictive in nature, and may be based on current expectations,
forecasts or assumptions involving risks and uncertainties that could cause
actual outcomes and results to differ materially from the forward-looking
statements themselves. Such forward-looking statements may, without
limitation, be preceded by, followed by, or include words such as "believes,"
"expects," "anticipates," "estimates," "intends," "plans," or similar
expressions, or may employ such future or conditional verbs as "may", "will",
"should," or "would," or may otherwise be indicated as forward-looking
statements by grammatical construction, phrasing or context. The risks and
uncertainties referred to above include, but are not limited to: variability
of operating results among periods; inability to retain or grow our business
due to execution problems resulting from significant headcount reductions,
plant closures and product transfer associated with major restructuring
activities; the effects of price competition and other business and
competitive factors generally affecting the EMS industry; the challenges of
effectively managing our operations during uncertain economic conditions; our
dependence on a limited number of customers; our dependence on industries
affected by rapid technological change; the challenge of responding to
lower-than-expected customer demand; our ability to successfully manage our
international operations; and delays in the delivery and/or general
availability of various components used in the manufacturing process. These
and other risks and uncertainties and factors are discussed in the Company's
various public filings at www.sedar.com and www.sec.gov, including our Form
20-F and subsequent reports on Form 6-K filed with the Securities and Exchange
    We disclaim any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information, future
events or otherwise.
    As of its date, this press release contains all material information
associated with this event.

    %SEDAR: 00010284E

For further information:

For further information: Media Contact: Laurie Flanagan,
contactus@celestica.com, (416) 448-2200

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Celestica Inc.

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