Celestica appoints Steven Dorwart to lead Connectivity and Cloud Solutions, replacing retiring executive Jason Phillips effective July 6, 2026.
Celestica (CLS) shares rose 6% following the appointment of Steven Dorwart as President of Connectivity and Cloud Solutions. The move takes effect July 6, 2026, as part of a leadership transition.
Dorwart succeeds Jason Phillips, who will retire by year-end but remain in an advisory capacity. The company did not disclose prior market expectations for the role change or comparable leadership shifts.
The 6% share increase reflects investor reaction to the announcement, signaling confidence in the new leadership.