Section
Segment

Landsvirkjun’s Board of Directors

Landsvirkjun is the largest energy company in Iceland, is owned by the Icelandic state and is under the auspices of the Ministry of Finance and Economic Affairs. The Board is appointed by the Minister of Finance and Economic Affairs, on an annual basis, and is responsible for the finances and the operation of the Company.

Landsvirkjun’s Board of Directors was appointed on the 2nd of April, 2014. Jónas Þór Guðmundsson was appointed as the Chairman of the Board and Jón Björn Hákonarson as the Vice Chairman of the Board, at the first meeting held by the Board.

Advocate Supreme Court and Chairman of the Icelandic Bar Association
Jónas Þór Guðmundsson
Chairman of Fjardabyggð town council
Jón Björn Hákonarson
Biologist
Álfheiður Ingadóttir
Advocate Supreme Court
Helgi Jóhannesson
Executive Director at Samfylkingin
Þórunn Sveinbjarnardóttir
Segment

Landsvirkjun’s Board of Directors

  • Jónas Þór Guðmundsson
    Advocate Supreme Court and Chairman of the Icelandic Bar Association
  • Jón Björn Hákonarson
    Chairman of Fjardabyggð town council
  • Álfheiður Ingadóttir
    Biologist
  • Helgi Jóhannesson
    Advocate Supreme Court
  • Þórunn Sveinbjarnardóttir
    Executive Director at Samfylkingin

Reserve members

  • Páley Borgþórsdóttir
    Attorney at law
  • Teitur Björn Einarsson
    Attorney at law
  • Ásta Björg Pálmadóttir
    Municipal chairman
  • Skúli Helgason
    Municipal chairman
  • Steinþór Heiðarsson
    Farmer
Section
Segment

The Executive Board of Directors

Landsvirkjun’s Board of Directors appoint the CEO. The Board and the CEO are responsible for the operation of the Company. The Deputy CEO oversees the joint affairs of the Company as well as directing policy development and ensuring the quality of corporate governance. There are currently five Directors at Landsvirkjun.

Segment
CEO

CEO

Hordur Arnarson, Ph.D

Hordur Arnarson completed his electrical engineering studies at the University of Iceland in 1986 and went on to obtain a doctorate from the Technical University of Denmark, in Copenhagen four years later, in 1990. Hordur began working for the food processing developer Marel in 1985 and become CEO in 1999, a position he held for ten years. He was then appointed Managing Director at the Sjóvá insurance company, leading the restructure of the organisation.

Deputy CEO

Corporate Office

Ragna Árnadóttir, Deputy CEO

Role

To oversee the Company’s joint matters of concern and policy formulation, as well as to ensure professional management practices. Support divisions handling Landsvirkjun’s joint matters are located in the Corporate Office.

Executive Vice President

Energy Division

Einar Mathiesen, Executive Vice President

Role

To ensure that electricity generation and delivery is secure and efficient and fulfills the terms of the agreements signed with Landsvirkjun’s customers.

Executive Vice President

Marketing and Business Development Division

Björgvin Skúli Sigurðsson, Executive Vice President

Role

To maximise Landsvirkjun’s long-term profit potential, through the innovative and effective promotion and sale of products and services, within the national and international energy sector.

Executive Vice President

Research and Development Division

Óli Grétar Blöndal Sveinsson, Executive Vice President

Role

To manage the preparation of new power projects and to conduct research on the existing power systems. We ensure the efficient implementation of new power projects, increase the flexibility of energy production options and support innovation in energy production with a long-term view of future energy supplies.

Executive Vice President

Project Planning and Construction Division

Gunnar Guðni Tómasson, Executive Vice President

Role

To oversee Landsvirkjun’s power station projects from the preparation stage to their completion. We monitor the costs and safeguard the quality and progress of the various projects, keeping them in accordance with the expectations, plans and needs outlined by the company.

Executive Vice President

Finance Division

Rafnar Lárusson, Executive Vice President

Role

To create a foundation for efficient operations and to promote maximum results in all units of the Landsvirkjun Group.

Segment

Company Structure