At a shareholders’ meeting of Eyrir Invest hf. held on 8 April, 2025, a new Board of Directors was elected. The new Board members are Atli Bjorn Thorbjornsson, Arni Oddur Thorðarson, and Thorður Magnusson. The Board has convened and assigned responsibilities with Arni Oddur appointed as Chairman.
At the company’s Annual General Meeting on 27 March 2025, shareholders unanimously approved a share capital reduction, executed by distributing shares in JBT Marel and Fræ Capital to shareholders. The company’s founders, Thorður Magnusson and Arni Oddur, are now equal shareholders of the company – Thorður in his own name and Arni Oddur through his holding companies, Sex álnir and 12 Fet.
Special thanks are extended to the outgoing board, which under the leadership of Fridrik Johannsson, 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 their 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.