Board of Directors of TM and sub-committees

Board of Directors of TM

The Board of Directors of TM can be contacted through the e-mail address stjorn@tm.is.

Andri Þór Guðmundsson

Andri was appointed to the Board of Directors of TM in August 2013. He has been the CEO of Ölgerð Egils Skallagrímssonar ehf. (Ölgerðin) since 2004. Andri has a Cand.Oecon. degree in economics and business administration from the University of Iceland, and in 2002, he completed an MBA degree from the Rotterdam School of Management. Andri is a member of the Board of Directors of Mjöll-Frigg ehf., Sól ehf. and the Iceland Chamber of Commerce. He is also a member of the Board of Directors of OA holding Company ehf., Ofanleiti 1 ehf. and Verzlunarskóli Íslands ses. He has no shareholdings in the company. He has no stakeholder interests as regards the largest customers or competitors. Andri Guðmundsson was born in 1966.

Einar Örn Ólafsson

Einar became a member of the Board of TM in 2017. Einar was employed by Fjárfestingarbanki atvinnulífsins and Íslandsbanki from 1997–2001 and 2004–2009, was the CEO of Skeljungur from 2009–2014 and the Managing Director of Arnarlax from 2014–2016. Einar is a Board member of Kvitholmen AS, Arnarlax hf., Póstdreifing ehf. and KR. He has no stakeholder interests as regards the largest customers or competitors. Einar Örn Ólafsson was born in 1973.

Kristín Friðgeirsdóttir

Kristín was appointed to the Board of Directors of TM in August 2013. She is an Associate Professor at the London Business School and conducts research and provides consultancy services in the field of strategic decision making, risk management, pricing and revenue management. Kristín has been a consultant to McKinsey & Company, Intel, Yahoo! and other web and financial companies. She provides instruction in strategic decision making to the management of overseas companies such as Lloyds, Prudential, Lufthansa, Oman Oil and Mars. Kristín completed a B.Sc. degree in mechanical and industrial engineering from the University of Iceland in 1995, an M.Sc. degree in Financial Engineering from Stanford University in 1997 and completed her Ph.D. in Management Science and Engineering from Stanford University in 2002. Kristín is a member of the University Council of the Reykjavík University, is the Chairman of the Board of Directors of Hagar hf. and is a member of the Board of Directors of Distica hf. Kristín Friðgeirsdóttir was born in 1971. She has no shareholding in TM and no stakeholder interests as regards the largest customers or competitors.

Ragnheiður Elfa Þorsteinsdóttir

Ragnheiður Elfa became a member of the Board of TM in March 2015. She is a lecturer in the Faculty of Law at the University of Akureyri and an attorney at law. Ragnheiður Elfa graduated from the Faculty of Law of the University of Iceland in 1992 and holds an LL.M degree from the University of Edinburg from 2005. Ragnheiður Elfa was employed as Head Attorney in the Ministry for the Environment from 1995–1998 and in the Foreign Ministry from 1998–2013, whereof she spent five years in Iceland's embassy in Brussels. He has no shareholdings in the company. She has no stakeholder interests as regards the largest customers or competitors. Ragnheiður Elfa Þorsteinsdóttir was born in 1968.

Örvar Kærnested

Örvar Kærnested became a member of the Board of TM in December 2012. He was born in 1976 and is an independently operating investor. Örvar has a B.Sc. degree in Business Administration from the University of Iceland and is certified for securities trading. Örvar was employed at Kaupþing banki from 1999–2008 and subsequently at Stodir UK Ltd. Örvar is the owner of Riverside Capital ehf., which owns a 2.5% shareholding in TM. He has no stakeholder interests as regards the largest customers or competitors.

Alternates

Bjarki Már Baxter

Bjarki Már became a member of the Board of TM in December 2012. He is employed as Corporate Counsel at WOW air. During 2013–2015, he was employed as Attorney at Law for Hilda ehf., and in 2011–2013, he was Head Attorney for the Winding-up Committees of Frjálsi hf. and SPRON hf. at Drómi hf. Bragi completed a Mag.Jur. degree in law from the University of Iceland in 2007. He has no shareholdings in the company. He has no stakeholder interests as regards the largest customers or competitors. Bjarki Már Baxter was born in 1982.

Bryndís Hrafnkelsdóttir

Bryndís Hrafnkelsdóttir was born in 1964 and has been, as of 2010, the Managing Director of Happdrætti Háskóla Íslands (The University of Iceland Lottery, UIL). She completed a Cand.Oecon. degree in economics and business administration in 1989 and an M.Sc. degree in economics and business administration in 2015 from the University of Iceland. She became an alternate member the Board of TM in 2011. Bryndís was the Managing Director of Debenhams in Iceland from 2000–2006, worked in the financial department of Kaupþing banki group hf. from 2007–2008 and was the financial manager of Landfestar hf. during 2008–2010. She is the Chairman of the Education Committee of Verzlunarskóli Íslands and Chairman of the Board of Directors of Ofanleiti 1 ehf. Bryndís also sits on the board of Regin hf. She has no shareholding in TM and has no stakeholder interests as regards the largest shareholder, major customers or competitors.

Rules of Procedure for the Board of TM

 

Remuneration Committee

  • Kristín Friðgeirsdóttir
  • Ragnheiður Elfa Þorsteinsdóttir
  • Þórdís Jóna Sigurðardóttir

  Rules of procedure for the Remuneration Committee


Audit Committee

  • Andri Þór Guðmundsson
  • Einar Örn Ólafsson
  • Anna Skúladóttir

  Rules of procedure of the Audit Committee