Celestica Inc. filed a Form 8-K with the U.S. Securities and Exchange Commission on September 11, 2026, disclosing the appointment of Todd Ankenmann as Chief Financial Officer and the transition of current CFO Mandeep Chawla to a newly created Group President, Global Markets role, both effective October 1, 2026.

Key Highlights

  • New CFO appointed: Todd Ankenmann, age 50, will become Chief Financial Officer effective October 1, 2026, with a salary of $600,000 and an 80% target incentive under the Celestica Team Incentive Plan.
  • Ankenmann equity award: He will receive an equity grant with a target value of $1,450,000, composed of 40% restricted share units and 60% performance share units.
  • Chawla transitions to new role: Mandeep Chawla, CFO since 2017, will move to the newly created position of Group President, Global Markets on October 1, 2026.
  • Chawla compensation update: His salary will increase to $750,000, his CTI target will rise to 120%, and he will receive an equity award with a grant date target value of $1,700,000, split 40% RSUs and 60% PSUs.
  • Ankenmann's background: He joined Celestica in 2018 and most recently served as Senior Vice President, Finance since 2025, following over a decade in senior finance roles at General Electric.
  • Chawla's tenure: He joined Celestica in 2010, was appointed CFO in 2017, and previously spent nearly a decade at General Electric before joining the company.

Celestica's CFO Succession and Newly Created Group President Role

According to the filing, Celestica Inc. (NYSE:CLS) announced on September 11, 2026, that its current Chief Financial Officer, Mandeep Chawla, will shift to a newly created executive position titled Group President, Global Markets. Simultaneously, Todd Ankenmann, who has served as Senior Vice President, Finance since 2025, will step into the CFO role. Both changes take effect October 1, 2026, as disclosed under Item 5.02 of the 8-K.

The filing details the compensation arrangements tied to each appointment. Chawla, age 50, will receive a salary of $750,000 in his new role, a CTI target of 120%, and an equity award with a grant date target value of $1,700,000, structured as 40% restricted share units and 60% performance share units. Ankenmann, also age 50, will receive a salary of $600,000, a CTI target of 80%, and an equity award with a grant date target value of $1,450,000, similarly composed of 40% RSUs and 60% PSUs.

The filing also notes that Chawla is a CPA, CMA and holds a Master of Finance degree from Queen's University and a Bachelor of Commerce degree from McMaster University. Ankenmann holds an Honours Bachelor, Business Administration and Management degree from Wilfrid Laurier University. The company disclosed that neither executive has any family relationship with any director or executive officer, nor any related person transaction required to be disclosed under Item 404(a) of Regulation S-K.

What Was Disclosed

Celestica's 8-K disclosed two executive officer changes effective October 1, 2026: Mandeep Chawla's move from CFO to a newly created Group President role, and Todd Ankenmann's appointment as the incoming Chief Financial Officer, along with the full compensation terms for each position.