Chief executive officer's adress
Jón Diðrik Jónsson
Birna Ósk Einarsdóttir
Jens Meinhard Rasmussen
Jón Diðrik Jónsson was first elected as board member in January 2014. Jón Diðrik is the owner/CEO of Draupnir Fjárfestingafélag ehf. and one of the owners and the CEO of Sena ehf. During 2005-2007 he was the Executive Vice president of Investment and Corporate Banking at Glitnir bank and later CEO of Glitnir Iceland. Before that he was the CEO of Ölgerð Egils Skallagrímssonar from 2001. Between 1990 and 2001 Jón Diðrik had various managerial roles within Coca-Cola International in Europe and Asia. In 1988-1989 Jón Diðrik was the Marketing Manager at Olís hf. Jón Diðrik is the Chairman of the Board of Sena ehf. and its subsidiaries, Draupnir fjárfestingafélag ehf. and Húsafell hraunlóðir ehf. Jón Diðrik is also on the Board of Húsafell Resort ehf. Jón Diðrik has a B.Sc. degree in marketing from Florida Institute of Technology, a Master in Int´l Management, Thunderbird School of Global Management, and an Owner/President Management (OPM) degree from Harvard Business School Jón Diðrik owns a ca 1% share in Skeljungur.
Jón Diðrik Jónsson
Birna Ósk Einarsdóttir was first elected as board member in May 2015. Birna Ósk Einarsdóttir is the Chief Business Development and Strategy Officer at Icelandair hf. Previously she was the Director of marketing and business development at Landsvirkjun, from 2017-2018, and prior to that Birna had various roles within Síminn hf. since 2001 among them managing director of sales and service, head of marketing, head of project management, human resources and public relations. Birna is a Board Member at Já hf. Birna has an AMP degree from IESE Business School, M.Sc. degree in Strategic Management from the University of Iceland and a B.Sc. degree in Business Administration from Reykjavík University. Birna does not own shares in Skeljungur.
Birna Ósk Einarsdóttir
Gunn Ellefsen was first elected as board member in May 2015. Gunn Ellefsen is a lawyer and one of the partners at the law firm Advokatfelagið við Strond 4 in the Faroe Islands, since 2012, after having practise law since 2004, thus with vast experience in this area. Gunn further has various experience from the public sector working for the Office of the Faroese Prime Minister. Gunn is a board member at Sp/f Advokatsmápartafelagið Gunn Ellefsen and Advokatfelagið við Strond 4 Í/F. Gunn is also an examiner at Faroes University and the Chairman of the Faroese Handball Association. Gunn has a Cand. Jur. degree from the University of Copenhagen. Gunn does not own shares in Skeljungur.
Jens Meinhard Rasmussen was first elected as board member in May 2014. Jens Meinhard Rasmussen is the CEO of Skansi Offshore, which is a company servicing gas and oil vessels, since 2006. Previously Jens Meinhard was a shipbroker at Atlantic shipping and before that first officer on Bornholmstrafiken. Jens Meinhard is also the Chairman of the Board of Smyril Line A/P and the Faroese Merchant Ship-owners´ Association, along with being a board member at the International Chamber of Shipping. Jens Meinhard has a Cand. jur. degree from the University in Kobenhagen and is a master mariner from Vinnuháskúlin Tórshavn. Jens Meinhard does not own shares in Skeljungur.
Jens Meinhard Rasmussen
Trausti Jónsson was first elected as board member in February 2016. Trausti Jónsson is a fund manager at Stefnir Asset Management Company, since 2012. Prior he was an analyst at Arion banki, Corporate Finance, from 2009-2012, and at Kaupthing banki, Arion´s predecessor, in Asset Management, from 2005-2008. Trausti taught asset management and financial instruments at the University of Iceland from 2006-2009 and has also taught at the University at Bifröst. Trausti is a board member at Verne Holdings ltd and Gámaþjónustan hf. and an alternate member of Jarðboranir in addition to being on various boards on behalf of Stefnir. Trausti has a B.Sc. degree in Economics from the University of Iceland, a diploma in Securities Brokerage and a Master of Finance from the University of Iceland. Trausti does not own shares in Skeljungur.
Chief Executive Officer
<p style="text-align: justify;"><span>Hendrik Egholm was hired as CEO of Skeljungur in October 2017. Previously Hendrik was the CEO of P/F Magn, Skeljungur´s subsidiary in the Faroe Islands, since 2007. Hendrik has also worked for Smyril Line og VELUX. Hendrik is a board member at Sendistovan, Globe Tracker and Smyril Line. </span>Hendrik has a M.Sc. degree from Copenhagen Business School. Hendrik owns 1.643.836 shares Skeljungur and a call option for 811.078 shares at retirement.</p>
Chief Operating Officer
Már Erlingsson is the Vice-CEO and the COO of Skeljungur. Previously Már was the Chief Procurement Executive at Skeljungur. Már has worked for Skeljungur since 2006. Before that he was the town mayor of Tálknafjörður municipality. Már has a M.Sc. degree in engineering from DTU in Copenhagen.
Chief Financial Officer
<p style="text-align: justify;"><span>Benedikt Ólafsson is the CFO of Skeljungur and oversees the financials of the group. Benedikt came to Skeljungur in 2016. Previously he was head of special investments at Stefnir Asset Management Company and a fund manager. Benedikt worked for Stefnir and Arion bank from 2004. </span>Benedikt has a B.Sc. degree in business and an MBA degree from Reykjavík University. Benedikt also has a diploma in Securities Brokerage.</p>
Ingunn Agnes Kro
Chief Administrative and Communication Officer
<p style="text-align: justify;"><span>Ingunn Agnes Kro is the CACO of Skeljungur, heading HSEQ, legal, marketing, the call centre, HR and subsidiaries. From 2009-2017 Ingunn was the general council of Skeljungur. Previously she was a lecturer at the University of Iceland and a lawyer at Landslög – legal offices. </span>Ingunn has a B.A. and a M.A. degree in law from the University of Iceland. Ingunn also has a diploma in Securities Brokerage.</p>
Chief Sales Officer
<p style="text-align: justify;"><span>Þórður Guðjónsson is the CSO of Skeljungur, heading both B2B and B2C sales, since 2017. Previously Þórður headed business management and sales for B2B customers at Síminn, since 2014. Before that he was key account manager at Síminn. Þórður was the manager of ÍA soccer club for many years. Þórður has also been active in politics at Akranes municipality. </span><span style="font-size: 11pt; text-align: left;">Þórður has a B.Sc. degree in business from the Bifröst University and has a diploma in coaching.</span></p>
Chief Officer of Magn
<p style="text-align: justify;"><span>Johnni Poulsen is the CEO of Magn, in the Faroe Islands, since 2017. Previously Johnni was the CFO of Magn from 2006. Johnni has also been the CFO of Strandfaraskip Landsins. Johnni is a board member at Føroya Tele.</span></p> <p style="text-align: justify;"><span>Johnni has a M.Sc. degree from Copenhagen Business School. </span></p>
Chief International Sales Officer
<p><span style="color: #000000;">Leif Hovgaard is the CISE of Skeljungur. </span>Leif Hovgaard started working for Magn in October 2006 and is now the Sales Director of the Faroese company. Since 2015 Leif has been in charge of International Sales for both Skeljungur and Magn. Leif has previosuly been working in the car industry for Ford Credit dk and P/f Wenzel in Faroes. Leif is a board member of Oljuvinnufelagð</p>
<span>The objective of the Nomination Committee is to establish a transparent and clear procedure for the nomination of Board Members at the Company´s Annual General Meeting. The procedure is intended to enable the shareholders to make a more informed decision regarding Board Membership. The Nomination Committee has an advisory role regarding the election of Board Members by putting forth a proposal at the Annual General Meeting. The Nomination Committee shall take into account the overall interests of the Company´s shareholders. <br /> The Committee is established for one year at a time. Two committee members are elected by the shareholders´ meeting and the new Board elects one of their own after the shareholders´ meeting. The arrangement regarding the shareholders´ voting of Committee Members shall be the same as for voting Board Members, according to the Articles of Association.<br /> <br /> The Nomination Committee Members 2017-2018 are:<br /> Jón Diðrik Jónsson, Chairman of the Board of Directors of Skeljungur<br /> Katrín S. Óladóttir, CEO of Hagvangur, Recruitment Company<br /> Trausti Fannar Valsson, assistant professor at the Law Faculty at the University of Iceland<br /> <br /> Shareholders may send their nominations or other comments regarding the Company´s Board to email@example.com. <br /> Applications for Board Membership shall also be sent to the aforementioned email address.<br /> Because of the nature and scope of the Committee´s work, nominations and applications must have been received by the Committee no later than two weeks before the shareholders´ meeting, where Board Members´ shall be elected, for the Committee to be able to evaluate the candidates. <br /> All nominations and applications received no later than five days before the meeting are valid. <br /> In a nomination or an application information the following information shall be provided; name, id.no., address, main occupation, career, education, experience and owned shares in the Company. Information regarding possible conflict of interest with the Company´s main customers and competitors and shareholders´ owning more than 10% share in the Company shall also be provided. See enclosed form.<br /> </span> <div> </div> <p><a href="/library/Files/Fjarfestasidur/20170116 Framboðseyðublað tilnefningarnefndar_hreint eftir fund - Copy (1).docx"><strong><img alt="" src="/lisalib/getfile.aspx?itemid=1495b997-e7d1-11e6-80f8-005056a6135c&%3bproc=36x36" /></strong></a><strong> <a href="/library/arsreikningar-2017_skjol/Form for candidates for BoD.pdf">form</a><a href="/library/arsreikningar-2017_skjol/framboðs- og tilnefningareydublad.pdf"></a></strong></p>
<p>The goal of establishing a Remuneration Committee is to increase efficiency, establish a clear procedure and improve the governance of the Board of Directors regarding remuneration matters.</p> <p>The Remuneration Committee shall operate in accordance with Icelandic laws and regulations and good corporate governance.</p> <p>The Remuneration Committee is a sub-committee of the Board of Directors and is appointed by the Board. The Remuneration Committee shall consist of three members, the majority of whom must be independent of the Company and its day-to-day management. However, the Committee may consist of two members, in which case both members must be independent of the Company. The Committee shall be appointed for a term of one year at the first Board meeting after the AGM.</p> <p> Members of the Remuneration Committee 2017-2018:</p> <p>Jón Diðrik Jónsson<br /> Birna Ósk Einarsdóttir</p>
<p><span>The objective of the Audit Committee is seeking to ensure the quality of financial statements and other financial information and the independence of auditors. The Audit Committee shall operate in accordance with Icelandic laws and regulations and corporate governance. The Audit Committee is responsible for reviewing and assessing the quality of the financial information and the arrangement of information from management and auditors. The Committee shall ensure the information given to the Board on operations, status and future prospects of the company are reliable and give a more accurate picture of the company's position at any time.<br /> The Audit Committee also has the following tasks:</span></p> <ol> <li><span>to monitor the working process around the making of the accounts</span></li> <li><span>to monitor the arrangement and effectiveness of the internal control within the Company, the risk management and other surveillance measures</span></li> <li><span>to monitor and review the audit of the annual accounts, the consolidated accounts and other financial information regarding the company</span></li> <li><span>to put forth proposals to the Board regarding the selection of the auditor or audit firm</span></li> <li><span>to evaluate the independence of the auditors or audit firm and monitor other work performed by the auditors or auditing firm<br /> <br /> The Audit Committee is a sub-committee of the Board and is appointed by the Board in accordance with chapter IX of the A Act no. 3/2006 regarding financial statements. The Committee shall be appointed for a term of one year at the first Board meeting after the Annual General Meeting. It shall consist of not fewer than three members.<br /> <br /> Members of the Audit Committee 2017-2018:<br /> Helena Hilmarsdóttir<br /> Jens Meinhard Rasmussen<br /> Trausti Jónsson<br /> <br /> Skeljungur´s auditor is Reynir Stefán Gylfason, KPMG.<br /> </span></li> </ol> <div> </div>
Corporate Governance Statement
The Board and Management of Skeljungur emphasise that the Company is run in accordance with good corporate governance. Good corporate governance is by the Board and the Management seen as the foundation both for trust and efficiency. Applying good corporate governance strengthens the bond with all of the Company's stakeholders.