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
solutions;
- 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.
About Celestica
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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.
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 financial results.
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