Chief Executive Officer

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CEO Bjarni Bjarnason graduated with a B.Sc. in geology from the University of Iceland in 1981. He then took a licentiate degree in mining engineering from the Luleå University of Technology in Sweden in 1986. Bjarni became CEO on 1 March 2011. Prior to this, he had worked as the CEO of Landsvirkjun Power, a subsidiary of Landsvirkjun, since 2008, and before that had been the managing director of the energy division of Landsvirkjun for a period of seven years. Bjarni has held a variety of management posts in his career, including, among other things, technical director of Iceland Drilling (Jarðboranir hf), managing director of Kísiliðjan in Mývatnssveit and CEO of the ferrosilicon plant Íslenska járnblendifélag in Grundartangi.

Managing directors in the mother company

Human resources & culture

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Sólrún Kristjánsdóttir, head of human resources management, completed a BA in pedagogy and teaching from the University of Iceland in 1998 and a masters in Strategy and Business Administration from the same university in 2004. She started working in human resources management at Reykjavik Energy in 2004, was in charge of staff development from 2006 and head of human resources from 2012. Sólrún previously worked as a teacher and consultant at Stuðlar, a state rehab centre for young people.

Research & innovation

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Hildigunnur Thorsteinsson is the managing director of the Development division. She graduated in Industrial Engineering at the University of Iceland in 2005 and attained a masters in geothermal energy at MIT in 2008. She has been working in the field of geothermal energy since 2005 and in 2009 started working at the Department of Energy in Washington. Hildigunnur was a team leader and supervised dozens of research projects, which were launched with US government campaigns in the field of green energy. She joined Reykjavik Energy in 2013.


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Ingvar Stefánsson is the Chief Financial Officer. He has a B.Sc. degree in business in auditing and a masters degree in finance and management and has a broad track record in business management. He was the human resources director of ESSO Iceland for eight years, head of the corporate division at Olíufélagið for four years, a managing director of a subsidiary of Lyfja og heilsa for two years, lecturer at the Bifröst University in finance, negotiating techniques, management and policy making, in addition to holding other posts and finally becoming CEO and managing director of Íslandsbanki’s financing division, a forty employee unit within the bank until 2011 when Ingvar started to work at Reykjavik Energy.

Customer experience

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Skúli Skúlason is the managing director of the Service division. He has a B.Sc. degree in business and a masters degree in management and policy making and has an extensive track record in business management. He was head of department at the Reykjavik Sports and Recreation Council for 7 years and later its CFO for 10 years. He was a consultant at the Capacent consultancy agency with an emphasis on business planning, as well as general management advice and planning. He was a part-time lecturer in management analysis at the University of Reykjavík, in addition to which he taught various courses at the Open University and elsewhere in the field of planning, procurement management and design processes in management.

Managing directors of subsidiaries


Gestur Pétursson

Gestur Pétursson is the Managing Director of Veitur Utilities. He completed a Masters degree in industrial and operational engineering from Oklahoma State University in 1998. Before joining Veitur Utilities, Gestur was the managing director of Elkem Iceland.

Reykjavik Fibre Network

Erling Freyr Guðmundsson

Erling Freyr Guðmundsson is the managing director of the Reykjavik Fibre Network. He first studied electrical trades and completed an MBA at the University of Reykjavík in 2009. Erling founded a servicing company for telecom providers called Ljósvirki in 1996 and at the turn of the century co-founded Industria with other partners, a company specialised in the development of fibre optic systems. He ran that company in Iceland from 2003 and later in the UK from the beginning of 2008. In 2013, Erling took over as the managing director of the telecommunications and technical department of the 365 Media Corporation and from mid 2014 worked as a CFO in the restructuring of Hringrás and affiliated companies. He started working for Reykjavik Energy at the beginning of 2015.

ON Power

Berglind Rán Ólafsdóttir

Berglind Rán Ólafsdóttir is the managing director of ON Power ohf. She is a molecular biologist with an MBA degree from IESE in Barcelona. She came to work at ON Power in 2017 and by then had more than a decade's experience in business development with, among other companies, Landsvirkjun, Medis and DeCODE.


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Edda Sif Pind Aradóttir is the CEO of Carbfix and carbon disposer. A chemical engineer, she completed her doctorate from the University of Iceland in 2001. Earlier, Edda worked as director of innovation and prospects in the department of research and innovation at Reykjavík Energy (RE), as well as project manager at Carbfix from 2011. In her work for RE, Edda was leader of strategic projects regarding sustainable utilisation of natural resources, and headed extensive international innovation projects, supported by EU climate and energy framework. Edda has been a tireless speaker about carbon disposal as a countermeasure against climate crisis, in some of the world’s most widely distributed media platforms, and at strategic events organised by various heads of state. Edda started working for RE in 2003.

Principal units

Under the CEO there are six heads of specialised divisions, who work with all the units in the Group.


Guðrún Erla

Guðrún Erla Jónsdóttir, Policy Director, completed a in Tourism and Business Administration at the University of Iceland in 2004 via San Diego State University. She took a postgraduate degree at the University of Southern Denmark in Odense and completed an M.Sc. in Marketing and International Business at the University of Iceland in 2006. Guðrún Erla worked as an officer manager at Orkuveita Húsavíkur until 2008 and then as a managing director of the company until she joined Reykjavik Energy in 2015.

Communication & community

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Bryndís Ísfold Hlöðversdóttir is the director of Communication and Community. She holds a B.Sc. degree in business administration and a B.A. in political studies from the University of Iceland. In 2015 she completed a master’s degree in campaign management from the University of Fordham in New York. Bryndís has worked as a consultant as well as a director in the USA, in Europe and in Iceland for companies, organisations, public entities and political parties, most recently as consultant at Aton.JL Consulting. Along with her work at Reykjavík Energy she teaches courses in public relations and media as an adjunct at Bifröst University.


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Reynir Guðjónsson is head of safety at Reykjavik Energy. He has a long track record in this field. He worked for the Capital Area Fire Department for many years and was a safety representative for Rio Tinto-Alcan and quality manager there. He also worked as a prevention officer at the VÍS insurance company for two years.


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Hólmfríður Sigurðardóttir, director of environmental affairs, is a biologist with a masters degree from the University of Iceland in 1983, another masters in soil mechanics from the University of Aarhus in Denmark and an MBA from the University of Reykjavik. Hólmfríður has a long track record in environmental issues and, among other things has worked for the National Planning Agency for a period of 12 years, mostly as the head of the environment division. She started working for Reykjavik Energy in 2007.

Legal affairs

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Elín Smáradóttir, Reykjavík Energy’s Head of Legal Affairs, graduated in law from the University of Iceland in 1994 and qualified as District Court advocate in 1996. She worked for the National Planning Agency between 1994-2003 and later at the National Energy Authority until 2008 when she joined Reykjavik Energy.

Project management

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Aðalheiður Sigurðardóttir is the Director of the Project Management Office at Reykjavik Energy. She is a business administration graduate and has completed a master’s degree in project management (MPM) along with other related studies from Stanford Center for Professional Development. From 2011, she worked as project manager at Össur and led their project management office from 2016. For the last few years, Aðalheiður has also been a lecturer in project management studies at master’s level.