The EFÍA board consists of five main members and five alternate members. According to Article 4.1 of the fund's regulations, two main member seats and one alternate member seat became vacant as they had reached the end of their terms. Nominations for the board were announced on April 14, 2025, and the nomination period ended on May 2, 2025. The nomination period concluded with the current board members and the current alternate member offering themselves for re-election. No other nominations were received. Therefore, the election to the EFÍA board is uncontested.

Information about EFÍA Board members:

Board members, elected 2025 serving to 2027:

• Sturla Ómarsson
• Kjartan Jónsson

Alternate board member, elected 2025 serving to 2027:

• Davíð Smári Jóhannsson

Board member and alternate members, elected in 2024 serving to 2026:

Board member, elected 2024 serving to 2026:

• Salvör Egilsdóttir

Alternate board members, elected 2024 serving to 2026:

• Arna Óskarsdóttir
• Gauti Sigurðsson

Board members nominated by Icelandair 2025:
Board members, a one year appointment:

• Sigrún Hjartardóttir
• Magnús Jón Magnússon

Alternative members, a one year appointment by Icelandair 2025:

• Ari Guðjónsson
• Íris Hulda Þórisdóttir