Celestica appoints Chris Colpitts to board of directors

TORONTO - Celestica Inc. (TSX:CLS) (NYSE:CLS), a $23.26 billion market cap company whose stock has surged 118% year-to-date, announced Wednesday the appointment of Chris Colpitts to its Board of Directors, expanding the board to nine members.

Colpitts brings 20 years of experience in technology, media, and telecommunications sectors across investment banking and private equity. He currently serves as a Founder at Granite Peak Capital Group and previously held the position of Partner and Head of Telecommunications, Media and Technology in the US at CVC Capital Partners. According to InvestingPro data, Celestica has demonstrated strong operational execution with revenues reaching $10.1 billion in the last twelve months and maintains a "GREAT" overall financial health rating.

"His impressive track record in advising and investing in leading technology companies, coupled with his strategic acumen, will provide significant guidance as we navigate our next phase of innovation and expansion," said Mike Wilson, Chair of Celestica’s Board of Directors, in a press release statement.

Celestica, which describes itself as a provider of design, manufacturing, hardware platform and supply chain solutions, expects Colpitts’ experience with strategic transactions and corporate development to support the company’s continued growth.

The appointment comes as part of Celestica’s ongoing corporate governance development. The company maintains operations across North America, Europe and Asia, serving customers in sectors including aerospace and defense, communications, enterprise, healthcare technology, and industrial and capital equipment.

In other recent news, Celestica reported impressive financial results for the second quarter of 2025, significantly outperforming analysts’ expectations. The company achieved an adjusted earnings per share (EPS) of $1.39, surpassing the projected $1.23, which marks a 13.01% surprise. Revenue for the quarter reached $2.89 billion, which not only exceeded the anticipated $2.67 billion but also represented a 9% sequential increase and a 21% year-over-year growth. Following this performance, Celestica raised its full-year guidance, now projecting revenue of $11.55 billion and an adjusted EPS of $5.50. Stifel responded to these results by raising its price target on Celestica to $230 from $150 while maintaining a Buy rating. This adjustment reflects the firm’s confidence in Celestica’s performance, particularly in light of the growing demand for AI technologies. These recent developments underscore the strong financial health and growth trajectory of Celestica.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.