News

21.02.08

Baldur Gudnason resigns as CEO

Baldur Guðnason, the CEO of Hf. Eimskipafélag Íslands has decided to leave the company at his own request with immidiate effect. Stefán Ágúst Magnússon, which has been the deputy CEO for the last couple of years, will serve as a CEO until further notification.

Sindri Sindrason, Chairman of Eimskip:

„On behalf of the Board of Directors of Eimskip I want to thank Baldur for his good work for Eimskip‘s shareholders in the last couple of years. Under the leadership of Baldur Eimskip has tenfolded its turnover where projected turnover for 2008 is 190 billion ISK or 1,900 million EUR. Today Eimskip is among the most powerful shipping companies within Europe and a worldwide leader in the operation of cold stores. I want to wish Baldur all the best in new projects.“

Baldur Guðnason, former CEO of Eimskip:

„ When I started working for Eimskip in 2004 I had a clear vision. Eimskip was to become a transport market leader offering total services in the North Atlantic and to become a key international player in the field of temperature controlled cargo globally. These goals have now been achieved and I believe it´s the correct timing for leaving the company for other projects. The company is in good hands with excellent management team and I want to thank them and all my coworkers internationally for good cooperation for the last four years.”

 Further information:

Sindri Sindrason, Chairman of Eimskip, tel: 525-7202

Baldur Guðnason, former CEO of Eimskip, tel:525-7202

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