2008-09-30 11:59:32 CEST

2008-09-30 12:00:28 CEST


REGULATED INFORMATION

Islandic English
Hf. Eimskipafélag Íslands - Changes board/management/auditors

Eimskip: Senior management and structural changes


Hilmar Petur Valgardsson, Steingrimur Sigurdsson, Ingvar Sigurdsson and Asbjorn
Skulason have been appointed Executive Vice-Presidents at Eimskip. Furthermore,
Halldor Kristmannsson, Executive Vice President of Corporate Communication has
resigned to further his Masters-studies in the U.S. Heidrun Jonsdottir,
Executive Vice-President of Eimskip's Legal Department, will take over the
responsibilities of Corporate Communication. 

Gudmundur Nikulasson has been appointed Assistant Vice-President of Eimskip
Iceland, reporting to Eimskip Iceland's Executive Vice-President, Gudmundur P.
Davidsson. Bragi Thor Marinosson will now lead Eimskip Europe as an Executive
Vice-President. 

Gylfi Sigfusson, Eimskip's CEO and President commented: “I welcome these
experienced Eimskip employees to the frontline of our Group. Eimskip's board
and management has recently worked systematically on re-structuring the Group,
so that shipping is defined as our core business. These newly appointed
managers are all familiar with the business, and their vast experience will
serve Eimskip well in the coming future.