Changes in the division of duties within the Marel hf board of directors
New director of the board is Arni Oddur Thordarson, CEO of Eyrir ehf.


Major changes in the ownership of Marel hf have taken place in recent weeks. The shares previously owned by major shareholder Burðarás hf, have been transferred to the bank Landsbankinn hf. At the same time, Eyrir Invest ehf has increased its shareholding considerably, currently owning almost 30% in the company.

“Eyrir is mainly owned by two individuals who have major interests in Marel and under the circumstances it is preferable that they take control of the company’s operation,” says Friðrik Jóhannesson, who has resigned as Director of the Board.

New director of the board is Arni Oddur Thordarson, CEO of Eyrir ehf. “Eyrir looks at this as a long term investment and intends to support further growth of the company,” says Thordarson.

Arni Oddur Thordarson -1969 – CEO Eyrir Invest

Arni Oddur has an extensive experience on the financial market. Before co-founding Eyrir Invest he worked as a VP at Búnaðarbanki Íslands as head of Capital Markets, which later on merged with Kaupþing (

MBA from IMD in Switzerland and a Business degree from the University of Iceland.
Chairman of the board at Marel hf. ( and a board member in Ölgerð Egils (

Mission and Strategy

  • Eyrir Invest’s mission is to increase shareholders’ value by ownership of equities. Eyrir Invest places great emphasis on participation in operations and strategic planning of the businesses it invests in.
  • Eyrir Invest is an international investment company and the great part of its investments are shares in listed companies in Europe, especially in Scandinavia.
  • Eyrir Invest aims at being a leading investor in the companies it invests in as well as generating a good relationship with other leading investors in each of these companies.
  • Eyrir Invest invests in few companies at any given time.
  • Eyrir Invest invests in companies that are able to be global leaders in the sector in which they operate and have economics of scale which benefits both shareholders and customers.
  • Eyrir Invests long-term investment strategy doesn’t follow a preconceived timeframe.

Eyrir Invest’s portfolio

  • Eyrir Invest’s total portfolio is worth 150-200 EURm. The company’s financing is solid and capitalization is evenly divided between equity and other long term financing.
  • About 2/3 of Eyrir Invest’s properties are shares in two companies that are listed in Iceland; Marel and Össsur ( )
  • About 1/3 of Eyrir Invest’s investments are in listed companies in Scandinavia.
  • Source:
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