The Board of Directors of Landsbankinn and Steinþór Pálsson, CEO, have agreed that Steinþór cease his employment with the Bank. Steinþór has been CEO of Landsbankinn since 1 June 2010. Hreiðar Bjarnason, CFO and Deputy CEO, now acts as interim CEO of the Bank. The position will be advertised as soon as possible. "I have been at Landsbankinn for six and a half eventful years. A great deal of positive headway has been made towards restoring household and corporate finances during these years. Landsbankinn has undergone major transformation during this time and I leave satisfied with the work I have done. The Bank's financial position is very sound and its market share has grown. I bid a fond farewell to my colleagues and wish them every success for the future," says Steinþór Pálsson.
Helga Björk Eiríksdóttir, Chairman of the Board of Directors: "The Board thanks Steinþór for his great and successful efforts on behalf of Landsbankinn. Many pressing and demanding tasks have been successfully resolved under his leadership and the Bank's operations solidified. Landsbankinn now faces new challenges. The Board considers it right to face those challenges under new leadership. We wish Steinþór every success in the future."
