Celestica Appoints Interim Chief Financial Officer

    TORONTO, March 28 /CNW/ - Celestica Inc. (NYSE, TSX: CLS), a global
provider of innovative electronics manufacturing services (EMS), today
announced that Paul Nicoletti, Celestica's Senior Vice President, Finance, has
been appointed interim Chief Financial Officer (CFO). Anthony (Tony) Puppi,
the company's Executive Vice President and CFO will retire on April 1, 2007.
Mr. Puppi's intent to retire was announced in January, in conjunction with
Celestica's fourth-quarter and year-end financial results.
    A search is currently underway to select a permanent replacement for
Mr. Puppi. Both internal and external candidates are being considered for the
    Mr. Nicoletti has been with Celestica since the company's inception.
Prior to his current position, he was the Vice President, Global Financial

    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 in Asia, Europe and the Americas, we
deliver competitive advantage to companies in the computing, communications,
consumer, industrial, and aerospace and defense sectors. Our 42,000 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
http://www.celestica.com. 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 and our financial and operational
results and performance that are based on current expectations, forecasts and
assumptions involving risks and uncertainties that could cause actual outcomes
and results to differ materially. Such statements are predictive in nature,
depend upon or refer to future events or conditions, or include words such as
"expects", "believes", "intends", or future or conditional verbs such as
"may", "will", "should" and "would". These risks and uncertainties 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 Commission.
    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: Investor Relations Contact, Donna Singh,
clsir@celestica.com, (416) 448-2211; Media Contact, Laurie Flanagan,
media@celestica.com, (416) 448-2200

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