Board and Committees

Guðjón Reynisson holds an MBA degree from the University of Iceland, completed Business Administration studies from Continuing Education, University of Iceland in 1999 and gained certification as a phys.ed. instructor for primary and secondary level schools from Íþróttakennaraskóli Íslands in 1986.

Guðjón is at present a self-employed investor and member of the Board. During 2008–2017, he was employed as the CEO of Hamleys of London. The work involved shaping and executing the company’s policy to expand from a single store to an international chain of stores. Guðjón led the sales process of the company in 2011–12 and again in 2015–16. During 2003–2007, Guðjón held the position of Managing Director of the 10-11 stores. Prior to that, or from 1998 to 2003, he was the Director of Sales for Tal.

Guðjón became a member of the Board of Festi in 2014.

Guðjón is independent of the company, its day-to-day management and large shareholders in accordance with the "Guidelines on Corporate Governance" issued by the Iceland Chamber of Commerce, NASDAQ OMX Iceland and the Confederation of Icelandic Employers on 1 July 2021.

Sigurlína Ingvarsdóttir holds a B.Sc in Industrial Engineering from the University of Iceland.

Sigurlína currently works as an independent consultant for her company Ingvarsdóttir ehf. and as a board member. In addition, she is an investor at Behold VC, where she is one of the owners, the fund invests in early-stage video game companies in the Nordic countries. Between 2006 and 2020 Sigurlína worked as a manager in video game production in Iceland, Sweden, Canada and the United States, and managed, among other things, the production of Star Wars Battlefront, one of the best-selling video games of 2015 and sold over 20 million copies. In addition, Sigurlína managed strategy for EA Sports FIFA, one of the largest video game brands in the world, in 2017 and 2018. Before turning to video game production, Sigurlína worked as a project manager in pharmaceutical development at Actavis and in business development and in the implementation of new technology solutions at Hagar.

Today, Sigurlína is a board member of Aldin Dynamics, Domoyo Studios, Eyrir Vöxtur and Carbon Recycling International. She is chairman of video game companies Mussila and Solid Clouds.

Sigurlína was appointed to the Board of Directors of Festi in July 2022.

Sigurlína is independent of the company, its day-to-day management and large shareholders in accordance with the "Guidelines on Corporate Governance" issued by the Iceland Chamber of Commerce, NASDAQ OMX Iceland and the Confederation of Icelandic Employers on 1 July 2021.

Guðjón graduated with a Master’s degree in International Business Economics and Marketing from Aalborg University in Denmark in 1989. He attained AMP education from IESE University in Barcelona in 2018. Guðjón worked as a lecturer at Bifröst University for two years after completing his studies in Denmark. From 1991 to 1999 he worked for Eimskip in various management positions, including as Managing Director of the company in the USA and later in Hamburg, Germany. From 2000 to 2002 Guðjón worked as managing director of the software company Landsteinar and at the end of this period as CEO of Samvinnuferðir Landsýn. From 2002 to 2010 Guðjón worked as Managing Director of Corporate Affairs of Esso Oil Company, later N1. From 2010 to March 2024, he has served as CEO of Reitir fasteignafélag. Guðjón has held various board positions over the years, e.g. as Chairman of the Board of Bifröst University, on the Board of Directors of Air Iceland, on the board of Malik Supply A/S, on the board of the Transport Equalization Fund, Chairman of the Board of Kringlan for about 13 years and on the board of a number of other companies connected to Reitir.

Guðjón was appointed to the Board of Directors of Festi in March 2024.

Guðjón is independent of the company, its day-to-day management and large shareholders in accordance with the "Guidelines on Corporate Governance" issued by the Iceland Chamber of Commerce, NASDAQ OMX Iceland and the Confederation of Icelandic Employers on 1 July 2021.

Hjörleifur graduated with a Cand.Oecon. degree from the University of Iceland in 1988. He became licenced as a State Authorized Public Accountant in 1989 and practiced as such until 2001. From 2001 to 2013 Hjörleifur was the VP of Finance / CFO at Össur hf., a global Medical Device company listed at NASDAQ Iceland and NASDAQ Copenhagen. Since 2013, Hjörleifur has served as an Non-Executive Board member. He is currently a member of the Board of Directors, Chairman of the Audit committee and member of the Remuneration committee at Lotus Pharmaceutical & Co., Ltd. Lotus is global Pharmaceutical company listed at the Taiwan stock exchange. Hjörleifur also currently serves on the Board of Directors at Ankra ehf. (Feel Iceland), on the Board of Directors at Brunnur vaxtarsjóður slhf. and at Brandr Global ehf. Hjörleifur is the Chairman of the Nomination committee at Icelandair Group hf. and the Audit committee at Harpa ráðstefnu- og tónlistarhús ohf. and serves as a member of the Audit committee at Landsbankinn hf. For years Hjörleifur was the Chairman of the Board of Directors and the Board of Trustees at Reykjavik University and previously served as the Chairman of the Board of Directors at Sýn hf. (Vodafone Iceland).

Hjörleifur was appointed to the Board of Directors of Festi in July 2022.

Hjörleifur is independent of the company, its day-to-day management and large shareholders in accordance with the "Guidelines on Corporate Governance" issued by the Iceland Chamber of Commerce, NASDAQ OMX Iceland and the Confederation of Icelandic Employers on 1 July 2021.

Margrét Guðmundsdóttir holds a Cand. oecon. degree in Economics and Business Administration from the University of Iceland, a Cand. merc. degree from the Copenhagen Business School and Executive education from CEDEP/Insead in France. Margrét was employed as the CEO of Icepharma hf., from 2005–2016. She was previously employed as the Retail Manager of Skeljungur 1995–2005, Division Director of Kuwait Petroleum (Denmark) A/S 1986–1995 and asHR Development Manager at Dansk ESSO (later Statoil) 1982–1986. Margrét was Deputy Managing Director of AIESEC International in Brussels 1978–1979.

Margrét is a Board Member of Eignahaldsfélagið Lyng ehf., Eimskip, Hekla hf., Hekla Fasteignir ehf. and Paradís ehf. Margrét was the Chairman of the European Surgical Trade Association 2011–2013 and a member of its Board from 2009–2015. She was the Chairman of Félag atvinnurekenda 2009–2013, was a member of the Board of Reiknistofa bankanna 2010–2011 and 2016–2018, the Board of Isavia 2017–2018 and the Board of SPRON 2008–2009. Margrét has also been a member of the Board of the following companies: Skýrr hf., Frigg hf., Q8 A/S in Denmark and Dansk Institute for Personalerådgivning.

Margrét is independent of the company, its day-to-day management and large shareholders in accordance with the "Guidelines on Corporate Governance" issued by the Iceland Chamber of Commerce, NASDAQ OMX Iceland and the Confederation of Icelandic Employers on 1 July 2021.