BAWAG P.S.K. has appointed Manuel Gonzalez Cid as new chairman of the supervisory board. Manuel Gonzalez Cid succeeds Franklin W. Fritz Hobbs, who has been Chairman since March 2013. Fritz is retiring after four successful years, during which his leadership was instrumental in the transformation of the Bank. Manuel is currently a Senior Advisor of Cerberus Global Investment Advisors, LLC and Chairman of GESCOBRO COLLECTION SERVICES S.L.U. Manuel Gonzalez Cid commented on his appointment.