At a shareholders’ meeting of Arion Bank held on Thursday 30 November a new director was elected, Steinunn Kristín Thórdardóttir. Gudrún Johnsen, who has been vice chairman of Arion Bank’s Board of Directors since 2010, has stepped down from the Board.
The Board of Directors of Arion Bank now has the following members: Eva Cederbalk chairman, Brynjólfur Bjarnason, Jakob Már Ásmundsson, John P. Madden, Kirstín Th. Flygenring, Måns Höglund, Steinunn Kristín Thórdardóttir, and Thóra Hallgrímsdóttir. Kirstín is the representative of Icelandic State Financial Investments on the Board, Steinunn is nominated by Attestor Capital LLP and the other directors are nominated by Kaupskil.
Steinunn Kristín Thórdardóttir held the position of interim CEO of Beringer Finance in Iceland and global head of food and seafood until earlier this year. From 2015 to 2017 she was partner and CEO of Beringer Finance Norway. In 2010 she founded Akton AS, Management Consulting in Norway and was managing director until 2015. Steinunn worked at Íslandsbanki in Iceland from 2001 until 2005 when she became the managing director and head of the bank’s UK operations and remained there until 2008. Steinunn has a Master of International Management from Thunderbird, Arizona and a BA in International Business and Politics from the University of South Carolina.
Arion Bank reported net earnings of ISK 14.4 billion in 2017, compared with ISK 21.7 billion in 2016. Return on equity was 6.6%, compared with 10.5% in 2016.
Arion Bank hf. (“Arion Bank”) and Kaupthing ehf. (“Kaupthing”) announce today the results of a private placement of shares in Arion Bank owned via Kaupthing’s wholly-owned subsidiary, Kaupskil ehf.
At a shareholders‘ meeting of Arion Bank which took place today 12 February 2018, it was resolved to amend the Bank‘s articles of association by inserting a temporary authority for the Bank‘s Board of...