Board and Corporate Governance

Steinþór Pálsson, Chairman of the Board

Steinþór Pálsson is the Chairman of the Board from 2025. He has a Cand. Oecon degree from the University of Iceland and MBA from the University of Edinburgh. Steinþór has extensive experience and knowledge in the business community as a leader and manager, e.g. in strategy, finance, operations and change management.

He is currently a board member of Norvik, chairman of the project board of the ÍL Fund, chairman of the Vigdís Finnbogadóttir Institute Grant Fund and on the board of Mosfellsbær Golf Club.

Steinþór was a consultant and partner at KPMG in 2018 - 2022, CEO of Landsbankinn in 2010 - 2016, managing director at Actavis for 8 years both in Iceland and abroad, manager at Íslandsbanki and Verslunarbanki for about 15 years and manager at other companies for a shorter period. Steinþór has also served on the boards of various other companies and their associations.

Hera Grímsdóttir

Hera Grímsdóttir joined the Board of Directors of Isavia in March 2025 and is the Vice-Chairman of the Board. Hera is the Managing Director of the Research and Innovation Division of Reykjavik Energy. Hera holds an M.Sc. degree in Civil Engineering with a specialization in construction management and decision-making, as well as an MBA degree from Reykjavik University. She has extensive experience in management and policy making from diverse sectors of the Icelandic business community.

From 2018–2022, Hera was the Dean of the Faculty of Industrial and Technical Studies at Reykjavik University. Previously, she had served as the head of the school's construction division and taught, among other things, project management and strategic planning. Hera has extensive knowledge of improvement processes and project management in complex and international projects. From 2011 to 2015 she worked for Össur, and before that for the engineering firm Efla, first in the energy division and later in the construction division. Hera has also served on boards related to technology, innovation and property development, including Veitur Utilities, Grænvangur and Innov property development company.

Marta Jónsdóttir

Marta Jónsdóttir has been a board member since the beginning of 2025 after having been an alternate board member of Isavia in 2024. Marta holds an ML degree in law from Bifröst Business School from 2006 and a B.Sc in business law from the same university since 2004.

She was the Managing Director of Kadeco, the Development Company of Keflavík Airport ehf., the Managing Director of International Motor Insurance in Iceland sf., worked for the Ministry of the Interior where she handled traffic issues, was the Chief Legal Officer of the Icelandic Traffic Authority, Head of Department at the Icelandic Transport Authority and was the Project Manager of the Registration Department at the District Commissioner of Reykjavík. Since 2021, Marta has worked independently, mainly in legal consulting, mediation and real estate-related projects. Marta has sought various additional education and professional qualifications, such as studies in negotiation techniques at Harvard Business School, certification as a real estate and ship broker, and attended courses in mediation.

Marta has also served on a number of boards, such as on the board of Heklan, the business development company of Suðurnes, and marketing office of Suðurnes, on the board of Fluglestin – development company ehf., she was chairman of the traffic safety plan team of the transport plan, vice-chairman of the Traffic Council and various committees in the field of transport, both at domestic and international level, such as the Working Group on Transport at EFTA. She is also a member of the presiding election board of the Northwest constituency.

Gréta María Grétarsdóttir

Gréta María Grétarsdóttir joined the Board of Directors of Isavia in March 2025. Gréta has a degree in engineering from the University of Iceland. She has over 20 years of experience in operations and finance and has served as CEO and CEO in various industries.

Gréta María is the CEO of Atlöga and the CEO of Prís from 2023. Prior to that, Gréta María worked as CEO of Arctic Adventures, Managing Director of Innovation, Corporate Social Responsibility and Investor Relations at Brim, Managing Director of Krónan, CFO of Festi and Head of Economics at Arion Bank.

Gréta María has also served on the boards of various companies, including Indó Savings Bank, Reitir Real Estate Company, the Red Cross, as well as being the first chairman of the Food Fund and leading its development. She has also worked as a consultant and mentor in business and innovation accelerators, where she shares her valuable experience and insights with entrepreneurs and managers.

Ólafur Njáll Sigurðsson

Ólafur Njáll Sigurðsson joined the Board of Directors in March 2026. He holds a Cand. Oecon degree from the University of Iceland and brings extensive experience and deep knowledge of the Icelandic business community following decades of leadership roles.

Ólafur currently serves on the Board of Líftryggingafélag Íslands, as well as several smaller companies.

From 2023 to 2026, Ólafur was the CEO of Líftryggingafélag Íslands. He previously worked as a specialist in the Office of the CEO at VÍS Insurance from 2021–2023. Between 2009 and 2021, he served as Chief Financial Officer of Sjóvá-Almennar Insurance and was Deputy CEO during that period. From 2011 to 2021, he was also the Managing Director of Sjóvá-Almennar Life Insurance. Ólafur has furthermore served on the boards of various companies and industry associations.

Alternate Board Members

• Sigrún Dóra Sævinsdóttir
• Bjarni Herrera