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Icelandair CEO Bogi Nils Bogason (photo: Icelandair Group)

Icelandair appoints new chief executive

Bogi Nils Bogason had been interim CEO and before that was the carrier’s chief financial officer for ten years.

After three months as interim chief executive, Icelandair’s former chief financial officer has been appointed as the company’s permanent CEO.

The Board of Directors of Icelandair Group has appointed Bogi Nils Bogason, who was the airline’s CFO for ten years, to replace Björgólfur Jóhannsson who resigned on the basis of Icelandair’s poor performance earlier this year.

The board says it studied the credentials of many applicants for the position but ultimately opted for one of its own.

“When Björgólfur Jóhannsson resigned, the board of directors immediately started searching for his successor. Capacent in Iceland and the global executive search and leadership consulting firm Spencer Stuart assisted in the search,” relates Úlfar Steindórsson, chairman of the board.

“We were pleased to find how many highly qualified individuals, both Icelandic and foreign, showed interest in the job. It was the definitive conclusion of the board that Bogi Nils is the most qualified person for the job. He knows the company, has a clear vision and is well suited to lead it through new times.”

Turbulent time
Bogi Nils Bogason takes the post as permanent CEO in the midst of a turbulent period for Icelandair. Just a few days ago, it pulled out of a planned acquisition of competitor WOW air at the last minute, as it had allegedly been impossible to get Icelandair’s lenders to accept the purchase.

Officially, the deal was axed because it was not possible to meet all the terms of deal before an extraordinary general meeting on November 30.

Bogason was CFO of Icelandair Group from October 2008. Previously, he was chief financial officer at both Askar Capital and Icelandic Group, before which he was an accountant and partner in KPMG Iceland from 1993 to 2004.

Born in 1969, he graduated in business administration from the University of Iceland and became a certified accountant. He is married to Björk Unnarsdóttir, a registered nurse, and they have three children together.

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