The Board of Icelandic Group has appointed Finnbogi Baldvinsson as the CEO of the Group. Finnbogi Balvinsson studied fisheries sciences at the University of Tromsö in Norway in 1983-1988. Mr. Baldvinsson has since then been engaged in processing of seafood. Mr. Baldvinsson served as CEO of DFFU in Cuxhaven in the years 1995-2000. He became the CEO of Pickenpack Hussmann & Hahn when the companies merged in the year 2003 until 2006 when Pickenpack became a part of Icelandic Group. After that Mr. Baldvinsson became CEO of Icelandic Europe. Magnús Þorsteinsson Chairman of the Board of Icelandic Group hf „A new man now takes the torch and his role is clear. What needs to be secured is that Icelandic will be able to exploit the restructuring that the Group has been going through. Finnbogi Baldvinsson gets the assignment to increase the profitability of the Group and to reinstate it as a leading company in the seafood industry. The Board of the Group has full belief that Mr. Baldvinsson will succeed in the assignment“. Finnbogi Baldvinsson CEO of Icelandic Group hf „I consider this to be a challenging assignment. It is the demand of the shareholders that in the months ahead the objectives will be reached. The Group has gone through turbulence and reconstructions in the operations and it is my assignment to ensure that these objectives will be reached. Icelandic Group has well experienced and good employees which I look forward to working with. There are many new challenges for companies within the food processing industry with constantly changing food habits“. For further information: Finnbogi Baldvinsson CEO of Icelandic Group hf tel.: +49 1723 198 727