Chairman's address

Jón Diðrik Jónsson

Chairman of the Board

The year 2018 has been a favourable year for Skeljungur’s operations. The Company’s core operations have shown very good results, and the year has been characterised by the structural changes that were launched in 2017.

Chief executive officer's address

Hendrik Egholm

CEO

2018 was a good year at Skeljungur, and the company displayed a record high EBITDA and net result. The positive results are based on a strong core business, both in Iceland and in the Faroe Islands. The growth in sale of marine fuel to ships in the North Atlantic region added to the good results. Furthermore, the structural and operational changes made in late 2017, and throughout 2018, have contributed positively and made Skeljungur leaner and more competitive.

Board

  • Jón Diðrik Jónsson

  • Birna Ósk Einarsdóttir

  • Gunn Ellefsen

  • Jens Meinhard Rasmussen

  • Baldur Már Helgason

Commission

Hendrik Egholm

Chief Executive Officer

Már Erlingsson

Chief Operating Officer

Benedikt Ólafsson

Chief Financial Officer

Ingunn Agnes Kro

Chief Administrative and Communication Officer

Þórður Guðjónsson

Chief Sales Officer

Johnni Poulsen

Chief Officer of Magn

Leif Hovgaard

Chief International Sales Officer

Committees

Nomination Committee

Remuneration Committee

Audit Committee

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.

About Skeljungur

Skeljungur is an energy company with a long and prosperous history. Skeljungur constantly seeks new ways to meet its customers´ demands, with the ultimate goal to increase value, both for the customers and also for the shareholders.