Landsnet’s Executive Committee

Landsnet’s Board of Directors engages a President & CEO, who is responsible for the company’s day-to-day operations. Landsnet’s Executive Committee is composed of the President & CEO, the CFO and the Executive VPs.

Landsnet’s CEO & President

Guðmundur Ingi Ásmundsson

celandic society is at a crossroads. The grid in its current form has reached the limit of its carrying capacity. The need for its further development has become urgent at the same time that demand for electricity is growing at a rapid pace. This poses challenges in terms of building a grid fit for purpose in harmony with society – a grid capable of providing Icelandic homes and businesses with secure access to electricity in years and decades to come.

Guðmundur Ingi Ásmundsson was born in 1955. He took over as President & CEO of Landsnet at the beginning of 2015, having previously served as Deputy CEO from 2008, Director of System Operations from 2005 and System Manager from Landsnet’s founding at the start of 2005. Prior to that, he worked for Landsvirkjun for 23 years as an engineer in the Operations department, later becoming chief engineer and Head of System Operations from 1993. He has a degree in electrical engineering from the University of Iceland in 1980 and a master’s degree in electrical power engineering from the Technical University of Denmark in 1982.

Finance

Guðlaug Sigurðardóttir, CFO and Deputy CEO

We are responsible for Landsnet’s finances, accounting, treasury management, purchasing, business intelligence, revenue cap compliance, budgeting, financial modelling and risk management. The Finance division includes an Analysis Unit that supports revenue and tariff analysis, the reliability of forecast models, the company’s asset management, and analysis of investment and operational decisions. Finance is also responsible for the operation of Landsnet´s real property.

Guðlaug Sigurðardóttir was born in 1966. She joined Landsnet as CFO in March 2008. She holds a Cand.Oecon. degree in business administration from the University of Iceland.

Corporate Services & Communications

Einar S. Einarsson, Executive VP

We serve customers, develop the terms for electricity transmission and serve as a focal point for HR and internal services. We thus work on activities that drive synergies, efficiencies and co-operation.

Einar S. Einarsson was born in 1972. He was appointed Service & Marketing Manager of Landsnet in 2014 and became Executive VP of Corporate Services & Communications on 1 June 2015. He was previously employed by the State Alcohol and Tobacco Company of Iceland (ÁTVR) as Director of Sales & Service. He holds a Cand.Oecon. degree in business administration and an MBA from the University of Iceland.

Technology & Development

Sverrir Jan Norðfjörð, Executive VP

We prepare grid development plans for all Landsnet infrastructure projects and manage research, environmental impact assessments and preparatory projects necessary to make decisions on infrastructure development. Our division includes a Technical Services Unit, which prepares infrastructure works and provides cross-divisional technical services.

Sverrir Jan Norðfjörð was born in 1976. He joined Landsnet in 2010 as Head of IT and later served as Head of System Development before becoming Executive VP of Technology & Development on 1 June 2015. He holds a BSc degree in computer and electrical engineering from the University of Iceland and an MSc degree in electrical engineering from the Technical University of Denmark.

System Operations & ICT

Íris Baldursdóttir, Executive VP

We are responsible for the grid’s operational security and system operations. This includes continuous balancing between power generation and consumption, co-ordinating plans for the disconnection of units and overseeing the response to grid disturbances. Conditions in the electricity system are subject to continual change, requiring constant system monitoring and often a rapid response. The division is also responsible for Landsnet’s information systems and is at the heart of the development of smart grid solutions.

Íris Baldursdóttir was born in 1976. She joined Landsnet in 2006, serving as Head of System Development and Planning until 2010 when she became Head of System Operation and Market. She became Executive VP of System Operations & ICT in mid-2015. She holds a BSc degree in computer and electrical engineering from the University of Iceland and an MSc degree in electrical engineering from the KTH Royal Institute of Technology in Stockholm.

Constructions & Grid Services

Nils Gústavsson, Executive VP

Our role is to manage and control all infrastructure projects and construction works relating to grid development and renewal. We also oversee maintenance, inspections and repairs of transmission infrastructure, including the key task of condition assessment of the grid.

Nils Gústavsson was born in 1966. He has worked at Landsnet since the company’s inception in 2005, first serving as Head of System Operations and then as Head of Grid Projects from 2010 before becoming Executive VP of Constructions & Grid Services on 1 June 2015. In 1993-2005, he worked at Landsvirkjun, first as an engineer and then as Head of the Control Centre from 2001. He holds a BSc degree in electrical and electronics engineering from the University of Iceland and an MSc degree in electrical engineering from the Technical University of Denmark.