Annual report 2013
To our shareholders
Board of Directors
Chairman of the Board
Asthildur Margret Otharsdottir
Asthildur Margret Otharsdottir is an independent consultant with extensive prior business experience as a Director of Treasury and Corporate Development at Össur hf. from 2006 to 2010, Senior Account Manager at Kaupthing Bank, now Arion bank, from 2004 to 2006, and Consultant at Accenture from 1996 to 2000.
She is a member of the Board of Directors of Icelandair Group, Marorka, and Jör. Asthildur is on the board of the Research Center for Business Ethics at the University of Iceland and The Court of Arbitration of the Icelandic Chamber of Commerce.
Education:
MBA, Rotterdam School of Management, The Netherlands, 1996; Cand. Oecon.,
University of Iceland, 1992.
Elected:
2010, chairman of the board since November 2013
Holdings in Marel, including those of financially related parties:
32,000
Vice-Chairman of Board
Arnar Thor Masson
Arnar Thor Masson has extensive experience in reorganization, strategy and project management. He is currently the Director General of the Department of Administrative and Social Development at the Prime Minister’s Office in Iceland.
Before, he was Deputy Director General of the Financial Management Department at the Ministry of Finance. Masson was an adjunct lecturer at the Department of Political Science of the University of Iceland from 2000 until 2008. He does not sit on the board of any other company than Marel.
Education:
M.Sc. in Comparative Politics, the London School of Economics and Political Science, U.K., 1997. BA in Political Science, University of Iceland, 1996. Studied securities brokerage in 2007.
Elected:
2001. Vice-Chairman since November 2013.
Holdings in Marel, including those of financially related parties:
0
Board Members
Ann Elizabeth Savage
Ann Savage is (since 2004) the Group Technical Director of Bakkavör Group and also serves as its Member of Management Board. She is mainly responsible for Food Safety, Health and Safety management, Manufacturing Excellence and Environmental management at Bakkavör.
Savage has played variety of roles during her career, spanning over 30 years in technical and research and development departments within the retail and food industry, more specifically for Cooperative Wholesale Society (CWS) Northern Foods (1990-1999) and Geest (1999-2004). Currently, she does not sit on the Board of any other company (outside of Bakkavör Group).
Education:
Studied at the Open University. Post Graduate Diploma in Management Studies from Nottingham University.
Elected:
2013
Holdings in Marel, including those of financially related parties:
0
Board Member
Helgi Magnusson
Helgi Magnusson is the Chairman of the board of: Blue Lagoon, Harpa Holding, and Husasmidjan. He is the vice-chairman of the Board of the Pension Fund of Commerce and he also serves as board member of several other Icelandic companies including N1 and Skipti.
He served as a member of the Board of Directors and the Executive Board of the Confederation of Icelandic Employers 2006 -2013 and as Chairman of the Federation of Icelandic Industries 2006-2012. Magnusson served previously as a board member of Islandsbanki hf, Framsyn Pension Fund and the Icelandic Chamber of Commerce. For several years, he was the Chairman of the Board of Harpa and Harpa-Sjöfn Paint Factory and Flügger Iceland Paint Factory.
Education:
Business Administration, University of Iceland, 1974; CPA, 1975.
Elected:
2005
Holdings in Marel, including those of financially related parties:
4,505,044
Board Member
Margret Jonsdottir
Margret Jonsdottir is the Managing Director of Operations of Eyrir Invest ehf. Previously, she was the Director of Finance at Edda Publishing from December 2001 until October 2002. She was Director of Finance at Kreditkort from August 2000 until December 2001, and Manager of Accounts at FBA Investment Bank (now Íslandsbanki), and Director of Finance at the Industrial Loan Fund (FBA Investment Bank predecessor), from September 1988 until June 2000.
Education:
Master of Accounting and Auditing, University of Iceland, 2006; Cand. Oecon. in Business Administration, University of Iceland, 1983.
Elected:
2006
Holdings in Marel, including those of financially related parties:
200,419