Board of Directors

Landsvirkjun’s Board is appointed by the Minister of Finance, at the company’s Annual General Meeting, held before the end of April each year. The Board is responsible for Landsvirkjun’s finances and operations.

The CEO of Landsvirkjun is Hörður Arnarson, who in collaboration with the Board is responsible for the day to day administration of the company. Landsvirkjun’s Board of Directors sets out its procedural regulations in accordance with the provisions of Article 7 of the Act on Landsvirkjun.

The current Board of Directors were appointed at the company’s Annual General Meeting April 30 2024.

Chairman of the Board
Jón Björn Hákonarson
Jón Björn was born in 1973 and resides in Norðfjörður in Fjarðabyggð. He was first elected to the Board in 2014 and has served as Vice Chairman for five years from 2014 to 2024. Jón Björn is the President of the Municipal Council of Fjarðabyggð as councillor on behalf of The Progressive Party.
Vice-Chairman
Gunnar Tryggvason
Gunnar was born in 1969 and resides in Reykjavík. He was elected to the Board in 2018. He holds a B.Sc. in electrical engineering and an M.Sc. in electrical engineering. Gunnar is the CEO of Faxaports. He served as a Senior Manager at KPMG Advisory from 2009 to 2018. Gunnar was a Director of Corporate Finance at Landsbankinn and CFO at Enex hf.
Board Member
Álfheiður Ingadóttir
Álfheiður Ingadóttir was born in 1951 and resides in Reykjavík. She was elected to the Board in 2014, following her role as a representative of Reykjavík City on the Board from 2003 to 2006. Álfheiður, a biologist by profession, is also an auxiliary member of the Board of the Left-Green Movement in Iceland. Her political career includes being a member of the Icelandic Parliament for the party from 2007 to 2013, Minister of Health from 2009 to 2010, and a party whip from 2012 to 2013.
Board Member
Halldór Karl Högnason
Halldór Karl was born in 1974 and lives in Reykjavík. He was appointed to the Board of Directors of Landsvirkjun in 2024. Halldór Karl holds a Cand. Scient. degree in electrical engineering from the University of Iceland and an M.Sc. degree in financial mathematics from Bayes Business School, City University. He worked as an engineer at Íslandssími hf. (later Og Vodafone hf.) in 1999-2004 and as a specialist in the derivatives department of Kaupthing banki hf. 2005-2009. Since 2010 he has worked at Kvika banki hf., first in proproetary trading and later as Head of Treasury from 2012.
Board Member
Soffía Björk Guðmundsdóttir
Soffía Björk was born in 1962 and resides in Reykjavík. She was elected to the Board in 2022. Soffía Björk graduated in business administration and holds a B.Sc. in chemistry, an M.Sc. in environmental engineering, and an MBA from Oxford University. She is the Executive Secretary of PAME, one of six international Arctic Council working groups. Furthermore, Soffía Björk is on the faculty of law at the University of Akureyri, teaching polar law.