Arni Oddur Thordarson new CEO of Marel The Board

The Board of Directors of Marel has appointed Arni Oddur Thordarson as the new CEO of Marel with immediate effect. Consequently roles within the Board of Directors have changed.  Asthildur Otharsdottir takes the role of Chairman of the Board and Arnar Thor Masson was elected Vice Chairman.

Asthildur Otharsdottir,  Chairman of the Board says: “We are fortunate that Arni has accepted the role of CEO. Arni has been instrumental in shaping Marel’s strategy during his 8 year tenure as Chairman. He has broad international industrial experience and knows the company and its markets inside out.”

Árni Oddur Thordarson, CEO of Marel says:  “I look forward to working closely with the exceptional Marel team. Marel has established a global service network spanning more than 30 countries and it strives for continued technical leadership through innovation. The company´s growth story has been a success and we have great opportunities to capture increased value for customers and shareholders.  The key is to fully align execution with strategic goals based on Marel’s core competencies”.

Theo Hoen, who is leaving the CEO position, has been with Marel and Stork Food Systems since 1986. He has served the company as CEO since early 2009.

„In recent years, Marel has strengthened its position as the global market leader in providing advanced equipment, systems and services to the fish, meat and poultry industries. Theo Hoen has been an integral part of the Marel and Stork Food System story for 28 years. On behalf of the Board of Directors, I would like to thank Theo for his contribution to the growth and success of Marel.”  Asthildur Otharsdottir, Chairman of the Board of Directors.

Arni Oddur Thordarson has extensive international business experience within the industrial sector. He has served on the Board of Directors in Marel since 2005, majority of the time as Chairman. Thordarson has an MBA degree from IMD Business School in Switzerland and a Cand.Oecon degree in Business Administration from the University of Iceland.

For further information, contact:

Linda Jónsdóttir Corporate Director of Treasury and IR  tel: (+354) 563 8464 / mobile: (+354) 825 8464.