Landsvirkjun’s Board of Directors
Landsvirkjun is the largest energy company in Iceland, is owned by the Icelandic state and is under the auspices of the Ministry of Finance and Economic Affairs. The Board is appointed by the Minister of Finance and Economic Affairs, on an annual basis, and is responsible for the finances and the operation of the Company.
Landsvirkjun’s Board of Directors was re-appointed on the 20th of April, 2016. Jónas Þór Guðmundsson was re-appointed as the Chairman of the Board and Jón Björn Hákonarson as the Vice Chairman of the Board, at the first meeting held by the Board.
The Executive Board of Directors
Landsvirkjun’s Board of Directors appoint the CEO. The Board and the CEO are responsible for the operation of the Company. The Deputy CEO oversees the joint affairs of the Company as well as directing policy development and ensuring the quality of corporate governance. There are currently five directors at Landsvirkjun.
Hordur Arnarson completed his electrical engineering studies at the University of Iceland in 1986 and went on to obtain a doctorate from the Technical University of Denmark, in Copenhagen four years later, in 1990. Hordur began working for the food processing developer Marel in 1985 and become CEO in 1999, a position he held for ten years. He was then appointed Managing Director at the Sjóvá insurance company, leading the restructure of the organisation.
To oversee the Company’s joint matters of concern and policy formulation, as well as to ensure professional management practices. Support divisions handling Landsvirkjun’s joint matters are located in the Corporate Office.
To ensure that electricity generation and delivery is secure and efficient and fulfils the terms of the agreements signed with Landsvirkjun’s customers.
Marketing and Business Development Division
To maximise Landsvirkjun’s long-term profit potential, through the innovative and effective promotion and sale of products and services, within the national and international energy sector.
Research and Development Division
To manage the preparation of new power projects and to conduct research on the existing power systems. We ensure the efficient implementation of new power projects, and to increase the flexibility of energy production options and support innovation in energy production with a long-term view of future energy supplies.
Project Planning and Construction Division
To oversee Landsvirkjun’s power station projects from the preparation stage to their completion. We monitor the costs and safeguard the quality and progress of the various projects, keeping them in accordance with the expectations, plans and needs outlined by the company.
To create a foundation for efficient operations and to promote maximum results in all units of the Landsvirkjun Group.
Focusing on health and well being
Landsvirkjun’s HR team assesses a number of factors within the work environment on an annual basis and is responsible for any improvements and discussions within the various divisions. A health drive was launched this year, offering education and services to all employees. Landsvirkjun joined forces with the innovation company Sidekick to launch the health drive by using an app which offers a diverse range of tools to promote a healthy lifestyle. Employees who chose to use the app at the same time contributed to UNICEF.