At a shareholders’ meeting of Eyrir Invest hf. held on April 8, 2025, a new Board of Directors was elected. The new Board members are Atli Björn Þorbjörnsson, Árni Oddur Þórðarson, and Þórður Magnússon. The board has convened and assigned responsibilites, with Árni Oddur appointed as Chairman.
At the company’s Annual General Meeting on March 27, 2025, shareholders unanimously approved a share capital reduction, executed by distributing shares in JBT Marel and Fræ Capital to shareholders. The company’s founders, Þórður Magnússon and Árni Oddur, are now equal shareholders of the company – Þórður in his own name and Árni Oddur through his holding companies, Sex álnir and 12 Fet.
Recognizing the dedication to the journey
Special thanks are extended to the outgoing board under the leadership of Friðrik Jóhannsson, which has diligently overseen the company’s affairs in recent years. Notable accomplishments include supporting the merger of JBT and Marel, establishing Fræ Capital to manage the company’s venture investments, and the repayment of all outstanding debt to creditors – a prerequisite for the voluntary offer to Eyrir Invest’s shareholders. The company’s management team has executed this two-year process with professionalism, concluding with the distribution of share capital, with advisory support from Arctica Finance, Logos, and KPMG.
The company also extends its gratitude to the departing shareholders, a group of high-net-worth individuals and institutional investors, for the good collaboration. Some of them have been with the company for two decades, supporting outstanding companies such as Marel and Össur on their growth and value creation journeys.
Eyrir Invest celebrates its 25th anniversary this year, and in coming months, the board will focus on defining a renewed long-term strategy for the company’s future.
About the Board of Directors:
Atli Björn Þorbjörnsson is a founding partner of AX Legal Services with a specialization in corporate and contract law. He has over 20 years of experience advising clients on business transactions, specifically M&A deals as well as corporate financing and financial restructuring projects.
Árni Oddur Þórðarson co-founded Eyrir Invest in 2000 and served as the company‘s CEO from its establishment until 2013. He served as Chairman of the Board at Marel from 2005 to 2013, after which he became the CEO of the company for a decade. Árni has over 25 years’ experience leading strategic and organizational transformations.
Þórður Magnússon co-founded Eyrir Invest and served as Chairman of the Board from 2000 to 2023, and is now re-elected to the Board in 2025. Before founding Eyrir, he was the CFO at Eimskip for over 20 years, during significant changes in the Icelandic business environment. Þórður has served on the boards of numerous companies of different sizes. In 2021 Þórður was awarded the honorary Icelandic Business Award by Innherji Business Journal and 1881 Charity.
For further information on the Board of Directors, see here.
