Luis Müller Appointed to Celestica’s Board of Directors

Rhea-AI Summary

Celestica Inc. (TSX: CLS) has appointed Luis Müller to its Board of Directors, effective August 31, 2021. Müller brings 25 years of experience in the semiconductor sector, currently serving as CEO of Cohu, Inc. He has a track record in strategic planning and corporate development, highlighted by his co-founding of Kinetrix and tenure at Teradyne. This addition expands Celestica’s board to 10 members, aiming to leverage Müller's expertise for enhancing company strategy and operations.

Positive

• Increased board expertise with Luis Müller's appointment.
• Müller's extensive semiconductor industry experience may lead to strategic advantages.

Negative

• Concerns about continuity due to a shift in board dynamics.
• Potential experience gaps in the semiconductor sector related to current board composition.

TORONTO, Sept. 01, 2021 (GLOBE NEWSWIRE) -- Celestica Inc. (TSX: CLS) (NYSE: CLS), a leader in design, manufacturing and supply chain solutions for the world's most innovative companies, is pleased to announce the appointment of Luis Müller to its Board of Directors, effective August 31, 2021.  

Mr. Müller has 25 years of business and technical leadership in the semiconductor industry. In 2014, he assumed his current role as Chief Executive Officer and board member of Cohu, Inc., a Nasdaq-listed global leader in back-end semiconductor equipment and services. Prior to joining Cohu, Mr. Müller co-founded Kinetrix, Inc. and later joined Teradyne, a Nasdaq-listed advanced test solutions company, when it acquired Kinetrix.

“We are happy to have Mr. Müller join Celestica’s board,” said Mike Wilson, Chair, Celestica’s Board of Directors. “We will benefit from his deep experience in the semiconductor industry, as well as his extensive background in strategic planning, international operations and corporate development.”

Mr. Müller has a PhD in Mechanical engineering from the Massachusetts Institute of Technology and a BS and MS in Mechanical Engineering from Universidade Federal Santa Catarina. He also has the requisite financial experience for audit committee purposes.

Following his appointment, Celestica’s board of directors will have 10 members.

About Celestica

Celestica enables the world's best brands. Through our recognized customer-centric approach, we partner with leading companies in Aerospace and Defense, Communications, Enterprise, HealthTech, Industrial, Capital Equipment, and Energy to deliver solutions for their most complex challenges. As a leader in design, manufacturing, hardware platform and supply chain solutions, Celestica brings global expertise and insight at every stage of product development - from the drawing board to full-scale production and after-market services. With talented teams across North America, Europe and Asia, we imagine, develop and deliver a better future with our customers.

FAQ

Who is Luis Müller and what is his role at Celestica?

Luis Müller has been appointed to Celestica's Board of Directors and has extensive experience in the semiconductor industry.

What impact might Luis Müller's appointment have on Celestica?

Müller’s deep industry experience could enhance Celestica’s strategic planning and operations.

When did Luis Müller join Celestica's Board of Directors?

Luis Müller joined Celestica's Board of Directors effective August 31, 2021.

How many members are on Celestica's Board of Directors after the new appointment?

After Luis Müller’s appointment, Celestica's Board of Directors consists of 10 members.

What is Luis Müller’s background prior to joining Celestica?

Prior to Celestica, Müller was CEO of Cohu, Inc. and co-founded Kinetrix, later working at Teradyne.