MUNICH (dpa-AFX) - Deutsche Pfandbriefbank has found a successor for Supervisory Board Chairman Günther Bräunig. The former head of Münchener Hypothekenbank, Louis Hagen, is to be elected to the board at the annual general meeting in May, Deutsche Pfandbriefbank announced in Munich on Wednesday. The supervisory board wants to propose this to the shareholders. Hagen is to be elected as Bräunig's successor after his departure. Bräunig has been at the helm of the supervisory body since 2014. He had already announced in 2021 that he would only be available until the 2023 Annual General Meeting./stw/men/jha/