NEW YORK, Jan. 11, 2016 /PRNewswire/ -- MFC Industrial
Ltd. ("MFC", the "Company", "we" or "us") (NYSE: MIL) is pleased to
announce that Jochen Dumler has been
appointed to the board of directors of the Company.
Mr. Dumler was the former President and Chief Executive Officer
of Euler Hermes North America, where he supervised a team of more
than 500 people to permanently protect and insure approximately
$150 billion, managed all credit
insurance and bonding / surety lines, and oversaw all Euler Hermes
operations in the region. From 2002 to 2010, he was a Member of the
Board of Management of Euler Hermes Kreditverischerung AG, and from
1995 to 2002 he was a Member of the Board of Management of PRISMA
Kreditverischerung AG. He is a member of the German-American
Chamber of Commerce (New York
City), a Member of the German Executive Roundtable
(Washington, D.C.), and a Board
Member of the German-American Partnership Program.
Gerardo Cortina, President and
Chief Executive Officer of the Company, stated: "We are pleased to
announce the appointment of Mr. Dumler as an additional independent
director of the Company. We believe his extensive experience in
trade insurance and risk management will bring another valuable
perspective to our board of directors as we move forward towards
our goals."
About MFC Industrial Ltd.
MFC is a finance and supply chain company, which facilitates the
working capital and other requirements of our customers and
suppliers. Our business activities involve customized
structured financial solutions and are supported by captive sources
and products secured by third parties. We do business in
multiple geographies and specialize in a wide range of industrial
products such as metals, minerals, electricity/power, steel
products, ferro-alloys, chemicals and wood products.
Corporate
|
Investors
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MFC Industrial Ltd.
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DresnerAllenCaron Inc.
|
Rene Randall
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Joe Allen
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1 (604) 683 8286 ex 2
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1 (212) 691 8087
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rrandall@bmgmt.com
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jallen@desnerallencaron.com
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SOURCE MFC Industrial Ltd.