MFC Industrial Ltd. announced 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.