There are 16 shareholders in Eyrir Invest. The company's shareholders are successful entrepreneurs with careers in various industries such as banking, insurance, fishing, pharmaceuticals and retailing.
The co-founders and principal shareholders of Eyrir Invest are Thordur Magnusson, Chairman, and Arni Oddur Thordarson, CEO. Shares held by them and companies fully under their control and ownership are as follows:
| Thordur Magnusson |
18.4% |
| Arni Oddur Thordarson |
15.7% |
In mid year 2000, Arni Oddur Thordarson co-founded Eyrir Invest and has been its CEO since then. Thordarson has extensive international business experience and has served as a board member of various businesses through the years. In autumn 2005, Thordarson became Chairman of the Board of Marel and has been a board member in Stork BV since early 2008. Prior to co-founding Eyrir Invest, Thordarson was Head of the Corporate Finance & Capital Markets at Bunadarbanki Islands, which later merged with Kaupthing.
Thordur Magnusson was CFO of Eimskip for over two decades before co-founding Eyrir Invest. Today Magnusson is the Vice-Chairman of the Board in Össur, chairs the board of Marorka and Calidris and holds a seat on the boards of many Icelandic companies, including Byko, Kaupas and Norvik. Magnusson holds an MBA degree from the University of Minnesota and a Business degree from the University of Iceland.
Other large shareholders' ownership is as follows:
| Horn fjarfestingarfelag ehf. |
12.5% |
| Landsbankinn hf. |
12,5% |
| Lifeyrissjodur verslunarmanna |
9,1% |
| Straumborg ehf. |
7.8% |
| Sigurjon Jonsson |
7.5% |
| Arkur ehf. |
2.4% |
| Others (ten shareholders) |
14% |
The Board Members of Eyrir Invest are Thordur Magnusson, Jon Helgi Gudmundsson, Olafur Steinn Gudmundsson, Sigurjon Jonsson, Hermann Mar Thorisson and Steinunn Jonsdottir, a substitute Board Member.
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Hermann Mar Thorisson is the CEO of Horn, an investment company fully owned by Landsbankinn. Landsbankinn is based on the domestic operations of former Landsbanki Islands and is now the largest bank in Iceland. Landsbankinn is 81% owned by the Icelandic government. In October 2008 Eyrir Invest and Landsbankinn reached an agreement in which Eyrir Invest took over Landsbankinn’s holding in Stork B.V. in exchange for new shares in Eyrir Invest. Eyrir Invest’s share in Stork following is today 17%.
The holding company Straumborg hf. is owned by Jon Helgi Gudmundsson and his family. Gudmundsson is the Chairman and principal shareholder of Straumborg ehf, an Investment company involved in various businesses. In addition to Straumborg, Gudmundsson and his family run Norvik hf. and related companies. Norvik’s roots stem back to 1962 with the founding of the hardware store Byko, Iceland’s largest home improvement retailer and supplier to the professional sector of the building industry. Norvik also operates various other retail stores, including Kaupas, Elko and Intersport.
Sigurjon Jonsson is Chairman of Skipavik and its principal owner. Skipavik is a shipyard and a building contractor in Stykkisholmur, Iceland. Jonsson previously owned and operated Raekjunes, a fishing and scallop processing company.
Arkur ehf. is owned by Steinunn Jonsdottir, an active investor in Iceland. Jonsdottir holds a seat on the board of Norvik and has held board seats with various other companies in Iceland. Jonsdottir holds an MBA degree from the University of Reykjavik.
Dr. Olafur Steinn Gudmundsson is an active investor within the areas of pharmaceutics and biotechnology. He has significant experience in senior management level positions within the pharmaceutical industry in the US. He is currently an adjunct faculty member of Purdue University and holds several board seats at various biotech and pharmaceutical companies. Dr. Gudmundsson holds a doctorate degree in Pharmaceutical Chemistry from The University of Kansas and a Pharmacy degree from the University of Iceland.