Bjarni Ármannsson to take over from Helgi Anton Eiriksson as CEO of Iceland Seafood

Published on
January 25, 2019

Helgi Anton Eiriksson, who for the past nine years has served as the CEO of Iceland Seafood International, has announced he is leaving the company.

In his place, the company has appointed Bjarni Ármannsson, who has been the chairman of ISI’s board of directors since September 2018.

“I am extremely excited to be appointed the Group CEO of ISI. I have in my role as chairman of the board seen first-hand the opportunities that exist for this group of companies and the excellent work under the stewardship of Helgi that has been accomplished to date for which I would personally like to acknowledge and thank him for,” Ármannsson said. “ISI’s strength is its people and the group is blessed with first class teams across our nine operating companies. We look forward together to continuing along a path of strong financial growth ahead for the benefit of all stakeholders and all those who work in this group of companies and beyond.” 

Due to his appointment as CEO, Ármannsson will resign from his previous position as chairman of the board, while ISI’s longest-serving board director, Benedikt Sveinsson, will step up to become the new chairman and Mark Holyoake will take over as board director. ISI has called a board of directors meeting for 5 February to formally elect its members.

The change in leadership comes in advance of the company’s effort to gain listing on the main market of the Iceland Stock Exchange, or Nasdaq Iceland, in 2019. The company is currently listed on a specialty exchange for small companies known as Nasdaq First North.

In the same announcement, ISI’s Lee Camfield said he will also be leaving his position as chief operating officer. The company said both Eiriksson and Camfield were working with the group to ensure a smooth transition.

“I am very proud of and grateful for my time as group CEO of ISI. The group is performing strongly just recently announcing an improved 2018 profits outlook.  I am now starting my tenth year as CEO of the group and feel now is the right time personally to explore new opportunities,” Eiriksson said. “The group continues to enjoy strong financial growth and the recent Iberica transaction has provided the group with many positives to look forward to and achieve.”

Eiriksson said he backed the choice of Ármannsson as the next CEO of ISI.

“I have known Bjarni for many years and the group is privileged to have Bjarni take on this role as his highly respected international business experience and know-how is extremely valuable for the group in what will be exciting years ahead for ISI,” Eiriksson said. “I wish him and everyone at ISI well and look forward to closely following their continued success.”

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