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.
Landsvirkjun’s Board of Directors
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Jónas Þór GuðmundssonAdvocate Supreme Court and Chairman of the Icelandic Bar Association
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Jón Björn HákonarsonChairman of Fjardabyggð town council
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Álfheiður IngadóttirBiologist
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Helgi JóhannessonAdvocate Supreme Court
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Þórunn SveinbjarnardóttirExecutive Director at Samfylkingin
Reserve members
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Páley BorgþórsdóttirAttorney at law
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Teitur Björn EinarssonAttorney at law
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Ásta Björg PálmadóttirMunicipal chairman
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Skúli HelgasonMunicipal chairman
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Steinþór HeiðarssonFarmer
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.
CEO
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.
Corporate Office
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.
Energy Division
Role
To ensure that electricity generation and delivery is secure and efficient and fulfills the terms of the agreements signed with Landsvirkjun’s customers.
Marketing and Business Development Division
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.
Research and Development Division
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.
Project Planning and Construction Division
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.
Finance Division
Role
To create a foundation for efficient operations and to promote maximum results in all units of the Landsvirkjun Group.
Company Structure
