From Iceland — Iceland Express Director Quits After Ten Days

Iceland Express Director Quits After Ten Days

Published September 30, 2011

After ten days on the job, the new director of Iceland Express has walked away, saying the board did not meet his conditions for hire. The board has responded that his conditions crossed a line.
Birgir Jónsson, the director of Iceland Express hired less than two weeks ago, sent out a statement about his decision. He contends that he accepted the hire with some strong conditions in place that would allow him to implement significant changes to how the company is run. The board blocked his plans, and so he walked.
About an hour after this statement was released, the board of Iceland Express released a statement of their own. Birgir’s plans for changing the structure of the company included, among other things, firing a large portion of the company and hiring his wife and close friends in their place, the board says. They could not abide these plans.
The board is comprised now of Pálmi Haraldsson, who owns the largest share of the company, Skarphéðinn Berg Steinarsson and Sigurður G. Guðjónsson. The board will decide this morning who will be the temporary acting director of Iceland Express until a new one is hired.

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