NEW YORK, Oct. 19, 2015 /PRNewswire/ -- MFC Industrial
Ltd. ("MFC" or the "Company") (NYSE: MIL) is pleased to announce
that Friedrich Hondl has been
elected to the Company's board of directors at the Company's annual
general meeting held on October 16,
2015. Mr. Hondl has over 30 years of management experience
in the European banking industry, including several management
positions in international banks; Erste Group Bank, UniCredit,
Deutsche Bank, where he was responsible for the international
relationship business.
From 2013 to 2015, Mr. Hondl was the head of Erste Group Bank
AG's Large Corporates International Division and from 2009 to 2012
he was the head of International Corporate Relationship Management
of UniCredit Bank Austria AG.
He has also served as Chairman of the Supervisory Board of
Intermarket Bank AG since 2014 and, from 2010 to 2012, was a member
of the Supervisory Board of Oesterreichische Kontrollbank AG
(OeKB). OeKB acts as Austria Export Credit Agency (ECA) on behalf
of the Austrian government and specifically the Federal Ministry of
Finance. It is a public and a private export insurer and
financial institution. Within this group is the Austrian
Development Bank. As an ECA, OeKB supports corporations financially
in their export businesses and protects the business activities of
Austrian companies abroad by means of export guarantees, investment
guarantees and loan guarantees. Mr. Hondl has also been a board
member of a private foundation since 2007.
Gerardo Cortina, President and
Chief Executive Officer, commented: "Mr. Hondl has longstanding
experience in the area of corporate banking and his broad expertise
with international export credit agency makes him a much needed
asset to MFC going forward."
About MFC Industrial Ltd.
MFC is a vertically integrated trade finance and global supply
chain company, which is an end-to-end solutions provider for
industrial companies around the world. MFC is focused on
providing supply chain services and customized structured financial
solutions to industrial customers and suppliers. We do business
internationally in multiple geographic areas and specialize in a
wide range of industrial products that include alloys, metals,
minerals, chemicals and wood products.
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SOURCE MFC Industrial Ltd.