New Kaupthing Chair Resigns after Two Days Skip to content

New Kaupthing Chair Resigns after Two Days

Gunnar Örn Kristjánsson, who was appointed as chairman of the board of New Kaupthing this week, resigned on Wednesday after only two days in office, explaining that the job had proven more complicated than he had realized.

The headquarters of Kaupthing in Reykjavík. Copyright: Icelandic Photo Agency.

“Gunnar was appointed with short notice and at closer consideration he concluded that the job was more extensive and more binding that he was able to commit to,” Minister of Finance Steingrímur J. Sigfússon said in a statement.

Sigfússon said he will appoint a new chairman to the board of Kaupthing as soon as possible, vb.is reports.

The former chairmen of the new state-run Glitnir (which has now been re-branded as Íslandsbanki) and Kaupthing recently resigned and Sigfússon has been criticized for losing control of the banks.

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