The Board of Directors of Hf.
Eimskipafelag Islands has decided to appoint Baldur Gudnason as a CEO of the
Since 17th of May 2004,
Baldur has been the CEO of Eimskipafelag Islands ehf,
a subsidiary of Hf. Eimskipafelag Islands.
Before his appointment as the CEO, Baldur was a member of the company’s Board
of Directors, where he worked with other Board members and Directors on
implementing changes in the company structure.
Last month a decision was made to merge the two companies under the name
of Hf. Eimskipafelag Islands. The merger
process is expected to be finalized within the next few weeks.
Hf. Eimskipafelag Islands’ turnover
has multiplied over the last years.
Estimated turnover in 2007 is EUR 1,455 million and estimated EBITDA is
EUR 135 million. Approximately 80% of
the company’s turnover stems from shipping and logistics. The company has 183 operational bases in 31
countries, with almost 9,500 employees on a worldwide scale with approximately
1,000 employees in Iceland.
Magnus Thorsteinsson who has been an
Executive Chairman of the Board of Directors of Hf. Eimskipafelag Islands will
remain so. He will continue to work on
further developments for the company along with other Board members and Directors. Other members of the Board are
Sindri Sindrason, Thor Kristjansson, Eggert Magnusson and Gunnar M. Bjorg.
Further information: Baldur Guðnason, CEO Hf. Eimskipafélag Íslands,
s: 525 7202
Hf. Eimskipafelag Islands operates
at 183 operational bases in 31 countries and has over 100
temperature-controlled cold storage facilities worldwide as well as a fleet of
approximately 25 aircrafts, 40-50 vessels and 1,350 trucks and trailers. Hf.
Eimskipafelag Islands employees worldwide a total number of 9,500.