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 and also serves as the Chairman of Marel’s audit committee. His previous roles include 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.

Since 2004, Ann Savage has been the 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 held a 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).

Helgi Magnusson is the Chairman of the boards of Blue Lagoon, Harpa Holding, and Husasmidjan. He is the Vice-Chairman of the Board of the Pension Fund of Commerce and also serves as board member of several other Icelandic companies, including N1, Hofgardar and Skipti. He served as a member of the Board of Directors and the Executive Board of the Confederation of Icelandic Employers from 2006 to 2013 and as Chairman of the Federation of Icelandic Industries from 2006 to 2012. Magnusson has also been 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 Sjöfn Paint Factory and Flügger Iceland Paint Factory.

Margret Jonsdottir is the Managing Director of Operations of Eyrir Invest hf. Previously, she was the Director of Finance at Edda Publishing from December 2001 until October 2002. She was Director of Finance at Kreditkort/MasterCard from August 2000 until December 2001, Manager of Accounts at FBA Investment Bank (now Islandsbanki) from January 1998 until June 2000, and Director of Finance at the Industrial Loan Fund (FBA Investment Bank predecessor) from September 1988 until January 1998.

Astvaldur Johannsson has extensive international experience. He has served as Executive Director for Valitor hf. (an Online and e-Commerce Payment Solutions- and Services Provider) by leading the development- and progress of the organisation international activities for the last three years, but recently stepped down from that position. Prior to that he worked in various management positions including for Össur, the global orthopedics company during 2002-2011. Before that he was a member of the Executive Team at Nyherji hf., Managing Director at Penninn, a retail chain in Iceland and as a System Analyst- and Process Design and Development Expert within the IT Division of SIS (Icelandic Coop’s Association).

Olafur S. Gudmundsson has held various senior management positions within R&D in the pharmaceutical industry, both for Bristol-Myers Squibb and Genentech Inc. He is also associated with the Pharmaceutical Chemistry department at Purdue University.