Icelandair CEO Finnur Ingólfsson has sold all his shares in the airline and will leave the company’s board soon. Karl Wernersson and Einar Sveinsson will take his place through their company Máttur.
Ingólfsson told reporters he will now work on other projects. He recently invested in the company Frumherji, Fréttabladid reports.
Ingólfsson made about ISK 400 million (USD 6.3 million, EUR 4.6 million) in currency profit from the sale without considering expenses. According to Fréttabladid, his shares were heavily indebted and Icelandair’s last settlement of accounts was disappointing.
Wernersson and Sveinsson recently sold their leading share of Glitnir Bank and made the highest currency profit registered on the domestic market.