Board of Directors

The Board Members of Eyrir Invest hf. are Friðrik Jóhannsson, Chairman, Elín Sigfúsdóttir, Hrund Gunnsteinsdottir, Ólafur Steinn Guðmundsson and Stefán Árni Auðólfsson.

Board Members are independent of the Company and major shareholders, except Ólafur Steinn Guðmundsson due to serving on the Board since 2009.

Rules of Procedure for the Board of Directors

Friðrik Jóhannsson

Friðrik is a private investor and works with private equity firm Alfa Framtak. Friðrik has 40 years of experience in the financial sector, and has managed companies in asset management, insurance, investments and investment banking. He has served on over 30 boards of public and private enterprises, among which are Marel, Eimskip and NASDAQ Iceland as chairman. Friðrik has a Cand. Oecon. degree from the University of Iceland and is a certified public accountant.

Elín Sigfúsdóttir

Elín has over 30 years of experience in finance and banking. She served as an executive director for the corporate banking division Búnaðarbanki Íslands and Landsbankinn and later as the CEO of Landsbanki. She has served on the board of numerous companies. Currently she is on the board of Orf Genetics, Bioeffect and two non profit organisations, previous boards memberships include Búnaðarbanki Íslands and Norðlenska. She holds a Cand.Oecon. degree from the University of Iceland.

Hrund Gunnsteinsdóttir

Hrund is the Managing Director of Festa – centre for sustainability in Iceland. Hrund has a broad-based experience as a manager, consultant and an entrepreneur in areas ranging from innovation, education, post-conflict reconstruction and film making. She is part of the World Economic Forum Expert Network and has worked in various capacities for the United Nations since 2001. Hrund is a Managing Partner at the Nordic Circular Hotspot, a board member of Islandsbanki‘s Entrepreneurship Fund and former Chair of the Technology Development Fund in Iceland. Hrund is a Yale World Fellow, has a Diploma from Harvard Kennedy School, an MSc degree from the London School of Economics and a BSc from the University of Iceland.

Ólafur Steinn Guðmundsson

Ólafur has held various senior level management positions within R&D in the pharmaceutical industry in the US. He is an active investor within the area of pharmaceutics and biotechnology. Ólafur is also associated with the Pharmaceutical Chemistry department at Purdue University in the US. Ólafur holds a doctorate degree in Pharmaceutical Chemistry from The University of Kansas and a Pharmacy degree from The University of Iceland.

Stefán Árni Auðólfsson

Stefán is a partner of LMG slf., legal services, practicing mainly in the field of Contracts and Corporate law. Stefán is an advisor to a number of start-up and more advanced companies and he has served as an independent board member of various companies, including listed companies such as the retailer Hagar, Síminn telecom and the real estate company Eik. Stefán has a LL.M. degree from Kent University and a Cand.Jur degree from the University of Iceland and has concluded an examination in securities trading.