Press release: A new Board of Directors of Arion Bank was elected yesterday at a shareholders’ meeting of the Bank. At a board meeting held after the shareholders’ meeting, Monica Caneman was elected Chairwoman of the Board of Directors. The other board members are Gudrún Johnsen, Vice-Chairwoman, Kristján Jóhannsson, Steen Hemmingsen and Theodór S. Sigurbergsson. The alternate board members are: Agnar Kofoed-Hansen, Jóhannes R. Jóhannesson, Ólafur Helgi Ólafsson, María Grétarsdóttir and Gudrún Björnsdóttir.
During the selection process a keen emphasis was placed on appointing directors with diverse educational backgrounds and broad experience of the banking and corporate sectors. The appointments also took into account the particularly challenging conditions in the Icelandic economy and the task of reconstruction facing the Icelandic business sector. Bringing in non-Icelandic board members with far-reaching expertise was a further important consideration. Two of t