TORONTO, April 2 /CNW/ - Celestica Inc. (NYSE, TSX: CLS), a global
provider of innovative electronics manufacturing services (EMS), today
announced that Tony Rakoczy has been appointed to the role of Vice President,
Global Commodity Management, effective immediately.
Based in Hong Kong, Tony will lead Celestica's Global Commodity
Management organization to deliver a global commodity structure that ensures
Celestica's customers are provided with competitive materials pricing, terms
and lead times at the lowest total cost of ownership (TCOO(TM)). He will also
deploy and drive a supplier consolidation strategy and supplier-managed
inventory program in support of the company's mega-site operations.
His key mandates include:
- providing Celestica's customers with industry-competitive supply base
- managing Celestica's global supplier partnership programs for direct
and indirect procurement;
- ensuring Celestica's LiveShare(TM) supplier collaboration tool is
deployed across the entire operating network;
- managing Celestica's global supplier negotiation process to ensure
global aggregation and enterprise leverage; and
- expanding Celestica's Vertical Business Solution partnerships to
deliver lead time, cost and overall TCOO(TM) improvements.
"Tony is a great addition to the Celestica team. He brings a wealth of
supply chain management and procurement expertise to the organization," said
John Boucher, Celestica's Chief Supply Chain and Procurement Officer. "I'm
confident that Tony's expertise will drive agile and flexible supply chain
solutions for our customers and will help us to achieve operational excellence
through flawless supplier execution."
Prior to joining Celestica, Tony was responsible for all aspects of
Greater Asia Regional Procurement for Eastman Kodak Company in Shanghai,
China. He drove productivity improvements through outsourcing and cost
reductions, and greatly improved the company's incoming materials quality.
Prior to that, he held various supply chain and purchasing roles with ITT
Industries and Mattel Toys, including responsibility for offshore and domestic
finished goods. Tony has extensive industry commodity management experience in
outsourcing, foreign sourcing and cost reduction of total cost of ownership.
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
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.
In the Company's best judgement, the events noted in this press release
on a stand-alone basis are not expected to be material to Celestica's overall
For further information:
For further information: Media contact: Kristy Bailey, Global Marketing
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