New Chairman of Glitnir Bank

Thorsteinn M. JonssonThorsteinn M. Jonsson, Executive Chairman of Vifilfell, the Coca Cola bottling company in Iceland, was yesterday elected Chairman of Glitnir Bank.

At the bank’s shareholders’ meeting in Reykjavik, five new members were also elected to the Glitnir Board of Directors as well as seven alternate members. The news of the appointment comes as Larus Welding replaces Bjarni Armannsson as CEO of Glitnir after 10 years working at the Nordic bank.

At 44, Thorsteinn M. Jonsson will be one of the youngest chairmen to head a major international bank. Businessman and investor, Jonsson started his career working as an economist for the Central Bank of Iceland after graduating with an MA in Economics from Northwestern University in the US. He became Chief Economist for the Federation of Icelandic Industries and in 1996 was appointed CEO of Vifilfell hf. In 2005 he was elected Executive Chairman.

Jonsson is also a member of the Board of Directors of FL Group hf, Refresco Holding BV, 365 hf, and Teymi hf.

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