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Celestica Canada – The Story of the Company’s Rise and Fall

The company’s founding CEO, Eugene Polistuk, graduated from the University of Toronto in 1969. After working for IBM Canada, Polistuk rose through the ranks, holding senior management positions in both the United States and Canada. However, the company’s stock price dropped when this information became public. The story of the company’s rise and fall is a good one for investors. Here are some facts about the founder of Celestica. Visit this site: malluwap

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The saga began in 1992, when IBM decided to buy the company and give it a more autonomous future. In 1991, Celestica Inc. incorporated as a wholly-owned subsidiary of IBM Canada. In 1994, Polistuk was allowed to run the company on his own, with marketing staff and financial control maintained by IBM. The new ownership gave him a free hand to implement cost cutting strategies while still encouraging innovation. By reducing salaries by five percent and instituting a profit-sharing program for his 1,600 employees, the new CEO of Celestica Canada found that employees were more motivated than ever. Read more about: maangome

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Sterian joined Celestica in 1994 and managed a team of more than 50 engineers. His teams have developed innovative technologies that benefit multiple industries, including healthcare and renewable energy. Some of his most notable achievements include lead-free solders, a solar manufacturing plant, and a technology roadmap for green energy manufacturing in Ontario. In addition to the success of these products, the company has become a leader in the global solar industry. It has even launched a solar hub in Toronto. For more information visit this site: forextradenews

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