Home press releases MFC - New CEO, Deputy CEO & Treasurer

Corporate Appointments

MFC is pleased to announce that its board of directors has appointed Gerardo Cortinaas President and Chief Executive Officer and a director, Ferdinand Steinbauer as Treasurer and Samuel Morrow as Deputy Chief Executive Officer of the Company.

Gerardo Cortina(President, CEO and a director) most recently served as a Managing Director of the Company’s subsidiary, Possehl México, S.A. de C.V., which has been active in trading and distribution of metals, mineral products, chemicals and ferroalloys to the iron and steel, foundry, refractory, plastics, paints, animal feed and chemicals industries. Mr. Cortina has successfully developed export markets in Central America, the Caribbean and South America. He has a track record of over 25 years of stable growth and profitable operations in the global commodities supply chain business. Mr. Cortina has a Master of Business Administration from the Wharton School of Business at the University of Pennsylvania.

Mr. Cortina replaces Michael Smith as President and CEO. Mr. Smith is continuing with the Company as Managing Director, and will assist management in this transition with the additional mandate to oversee our Asian projects and other special opportunities.

Ferdinand Steinbauer(Treasurer) is currently a Managing Director of MFC Commodities GmbH and has held that position since 1998. At MFC, he has been instrumental in building supply chain structured solutions and client acquisition. Previously he served as Treasurer for 20 years with KNP Leykam Austria (later acquired by SAPPI). Mr. Steinbauer holds a degree from the Austrian Commercial Academy in Graz and has over 35 years of experience in banking, structured trade finance and risk management.

Samuel Morrow(Deputy CEO) is a Chartered Financial Analyst and was most recently a Vice President of MFC in Vienna, Austria. He has been a key participant in the acquisitions of FESIL and Elsner in 2014. Before joining MFC, Mr. Morrow was Vice President of Tanaka Capital Management and Treasurer, CFO and COO of the Tanaka Growth Fund. Mr. Morrow is a graduate of St. Lawrence University.