About

María Rúnarsdóttir, Chairman of the Board

• María Rúnarsdóttir, Chairman of the Board, is the CFO of the real estate firm SMI ehf. and is also an executive at Lagerinn ehf, which owns and operates the Rúmfatalegerinn, Jysk, Pier and ILVA retail chains. Prior María was a consultant at KPMG and CFO of SVAR technologies ehf. María is currently on the Boards of the following companies: Holding company BIK ehf., ILVA ehf., Lagerinn ehf., Lagerinn Iceland ehf., Lagerinn Linen Investments ehf., NIF ehf., SMI Verktakar ehf., Stekkjarbrekkur ehf., Svar tækni ehf. og The Pier ehf.  María has an MBA degree from MIT (Massachusetts Institution of Technology) In Boston, US and a B.Sc. degree in business administration from the University of Reykjavik.

Frosti Sigurjónsson, Board Member

• Frosti Sigurjónsson, Director, has been involved in start-up companies, both as an investor and as a consultant. Frosti is the Chairman of the Board of Dohop and DataMarket, and was previously Chairman of CCP. Frosti was the CEO of Nýherji hf. from 1996 to 2001, but prior to that he was the CFO of Marel. Also, Frosti has been a board member of Iceland Chamber of Commerce and the Reykjavik University. Frosti has a degree in business from the University of Iceland and MBA degree form London Business School.

Þórir Kjartansson, Board Member

• Þórir Kjartansson is the CEO of Icelandic Investments ehf. Þórir is a civil engineer from the University of Iceland and has a MBA from IESE in Barcelona. Þórir has been focused on the travel and real estate industries and has served on a number of public committees in the health sector, including being a board member for 3 years in the Reykjavik Hospital and for 6 years on the board of the National University Hospital of Iceland.

Erlendur Svavarsson, alternate Board Member

• Erlendur Svavarsson, alternate Board Member, has worked in the airline industry since 1992, when he began his career at Air Atlanta. Erlendur worked there until 2001 when he took the post as station manager in Stockholm, Sweden for MD Airlines, where he later assumed the position of Director of Sales and Marketing. In 2003 Erlendur took a position at Loftleiðir Icelandic ehf. as project manager and later became the head of Sales and Marketing. Since 2008 Erlendur has been the Director of Business Development at Icelandair, the parent company of Loftleiðir Icelandic, and has also served on the board of many of Icelandair‘s subsidiaries. Erlendur graduated from Reykjavik College in 1992 and has also studied Economics at the University of Iceland.

Gísli Þór Arnarson, alternate Board Member

• Gísli Þór Arnarson, alternate Board Member, has a C.S degree in Construction Engineering from the University of Iceland and an MBA degree from the University of Louisville in the USA. Gísli has since 2006 worked as a director in the shipping division of Samskip. Previously Gísli worked for three years in the import division of Eimskip and another three years before that as an engineer and business consultant at The Corradino Group.

Margrét Vilborg Bjarnadóttir, alternate Board Member

• Margrét Vilborg Bjarnadóttir, alternate Board Member, is a Visiting Assistant Professor of Operations Management and Statistics at Robert H. Smith School of Business – University of Maryland, USA, and teaches Data, Models and Decisions, an MBA core course. Margrét’s researches are in risk analysis and risk prediction, both in the financial sector as well as in the health sector. Margrét has worked as an independant advisor since 2006, inter alia analysing cross-ownership’s part in the fall of the Icelandic bank sector in 2008 for Althingi’s Special Investigation Commission. Margrét has a B.Sc. degree in Mechanical and Industrial Engineering from the University of Iceland and a Ph.D. in Operations Research from the Massachusetts Institute of Technology.