Icelandair Group’s CEO Jón Karl Ólafsson will step down, as announced yesterday, and Björgólfur Jóhannsson, CEO of Icelandic Group, will take his place. Jóhannsson is expected to leave his post as CEO of Icelandic Group.
Ólafsson will also retire from his post as CEO for the airline Icelandair, the largest company within Icelandair Group, but it has not been revealed who will replace him, Morgunbladid reports.
The board of Icelandair Group decided last summer that the head of the company should not also be the head of the airline, because he or she would not be objective in case of disputes between Icelandair Group’s subsidiaries.
Ólafsson was offered to stay as CEO of Icelandair, but he refused and decided to leave Icelandair Group altogether because he was dissatisfied with the board’s decision, according to Morgunbladid.
Ólafsson became the CEO of Icelandair in June 2005 and CEO of Icelandair Group when it was founded in October that same year. Between 1999 and 2005 he served as the managing director of the domestic airline Air Iceland.
Björgólfur Jóhannsson has served as CEO of Icelandic Group since March last year. He is also the chairman of the board of the Federation of Icelandic Fishing Vessel Owners (LÍÚ).