Mr. Brynjólfur Bjarnason, Chief Executive Officer of the Iceland Enterprise Investment Fund, has submitted to the Board of Directors his letter of resignation, effective as of the next Annual General Meeting on 27 March of this year. Mr. Bjarnason took office in early 2012 and has led the EIF through a process of acquisitions and divestments of numerous business enterprises; the Fund has returned good profit to its owners and there are prospects of continued positive returns.

Mr. Bjarnason says that his decision to retire was not taken suddenly. “I have had a long career in the Icelandic business sector and taken on a number of exciting and challenging tasks.  I am grateful for this experience. My time at the Iceland Enterprise Investment Fund has been particularly satisfying and successful, and I have enjoyed working with all the participants in the Fund’s endeavours. I have a large and valued family and a number of interests, and my desire to become the master of my own time has become increasingly urgent.”

The Board of Directors of the Iceland Enterprise Investment Fund has accepted Mr. Bjarnason’s resignation. Mr. Thorkell Sigurlaugsson, Chairman of the Board, says that Mr. Bjarnason will be missed. “Brynjólfur’s appointment was a fortunate step for the Fund. His time with the Fund has been characterised by stability and positive results. The members of the Board would like to express their thanks to Brynjólfur and wish him well in the future. Even though Brynjólfur has now stepped down from his permanent appointment, it is my hope that the Icelandic business sector will continue to benefit from his energy and experience in the future.”